Waste Management Market Key Players Profile and Industry Analysis to 2030
Waste Management Market
is valued around USD 367.73 Billion in 2019 and expected to reach USD 715.05 Billion
by 2030 with the CAGR of 6.1% over the forecast period.
Waste management is a process which involves the collection of waste
from several places & industries followed by the proper disposal which is
suitable for both human & environment. These waste can be in any form, if
not handled or disposed properly it can be a serious threat for humans &
environment followed by long term effects. This process also involves the
recycling of reusable waste such as glass, plastic and others.
Global Waste
Management Market report is segmented on the basis of waste type, service and
by regional. Based upon waste type, the waste management market is fragmented
into municipal waste, industrial waste, and hazardous waste. On the basis of service,
the market is categorized into collection and disposal. The regional
bifurcation of countries includes North America, Europe, Asia-Pacific, and RoW
which are further segmented into major countries such as U.S., UK, France, and
others.
The waste management market is mainly driven by the constant growth in
population which led to the growth in urbanization as well as
industrialization. This results in the large production of waste which in turn
created the demand for waste management. The stringent environment policies
along with the technological advancement followed by, the constant growth in
waste generation over the period of time. There has been several start-up
taking place in the market along with innovation followed by the resource
recovery. In addition, growing environmental concerns as well as presence of
developed infrastructure accompanied by hazardous effects on health is also
expected to fuel the market growth. On the other hand, constant growth in
consumer awareness followed by the government initiatives is also likely to
propel the market growth. However, poor waste management along with mishandling
of waste in developing economies may impede the market growth in the near
future.
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The developed regions such as North America and Europe are expected to
hold the major market share owing to the presence of developed infrastructure
along with the technological advancement followed by the innovation. Asia
Pacific is expected to dominate the waste management market in terms of growth
rate owing to the surge in population followed by urbanization &
industrialization. In addition, growing awareness among people as well as
rising government initiatives along with stringent environmental policies are
also expected to fuel the market growth.
The major market players profiled in the waste management market
includes Biffa Group, Advanced Disposal Services, Covanta Holding Corporation,
Clean Harbors, Inc., Hitachi Zosen Corporation, Daiseki Co. Ltd., Suez
Environment S.A., Remondis AG & Co. Kg, Waste Management Inc. and Veolia
Environment S.A among others.
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