Global Waste Management Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
Global Waste Management Market: Overview
“The global Waste management Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Waste management is a type of activity that includes collection, transportation, treatment, and disposal of waste. This process also includes monitoring and regulation on management of the waste. Waste management also provides solutions to recycle the waste.
Various types of waste management methods are available according to the type and state of the waste such as solid, liquid, or gaseous. Waste is also differentiated on the basis of material type such as plastic and paper, electronic waste, or recyclable and non-recyclable waste, etc. In waste management various methods are used for the disposable of waste such as combustion or incineration, recycling, landfills, composting, waste minimization, waste to energy, and plasma gasification.
Growing awareness among individuals regarding importance of proper waste management and environmental concerns are some of the major factors expected to drive growth of the global waste management market over the forecast period. stringent government rules and regulations regarding waste management and increasing number of initiatives taken by government to spread awareness among individuals for recycling waste, composting, etc. are also anticipated to fuel growth of the global market.
Increasing investment for waste management in industrial sector is a factor anticipated to support growth of the target market in the near future. Furthermore, rapidly rising population and increasing urbanization, coupled with growing amount of generated waste are expected to propel demand for waste management and drive growth of the global market over the forecast period.
However, high cost of waste management may hamper growth of the target market during the forecast period. Adverse effect of landfill waste management as it may lead to spread of fungal and bacterial diseases and water resource pollution and restrain growth of the global waste management market. Nevertheless, growing adoption of new and innovative recycling methods is anticipated to create a lucrative opportunity for key players in the target market.
Global Waste Management Market: Segment Analysis
Currently, as per waste type, municipal waste segment, dominates the global market in terms of revenue and expected to witness lucrative growth over the forecast period. Increasing urban population and growing investment for waste management in order to provide clean and safe environment are factors expected to drive growth of municipal waste segment in the global market. On the basis of end user, the disposal segment is expected to account for high growth in terms of revenue in the near future.
Global Waste Management Market: Regional Analysis
Market in Europe accounts for major share to the global waste management market in terms of revenue, and is expected to maintain its dominance over the forecast period. Presence of highly developed waste management infrastructure and stringent government regulations are some of the factors driving growth of the target market in countries in the region.
Market in the Asia Pacific is anticipated to witness lucrative growth in terms of revenue in the near future. Government initiatives for clean environment is a key factor supporting growth of the waste management market especially in developing countries such as China and India in the region.
Global Waste Management Market Segmentation:
Segmentation by Waste Type:
- Industrial Waste
- Municipal Waste
Segmentation by Service:
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Advanced Disposal Services, Inc.
- Clean Harbors, Inc.
- Daiseki Co., Ltd.
- Biffa Group Limited
- Hitachi Zosen Corporation3
- Covanta Holding Corporation
- REMONDIS AG & Co. KG
- Waste Management Inc.
- Veolia Environnement S.A.
- SUEZ Environnement SA
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