The global waste management market value was more than USD 1,512.0 billion in 2020. The global waste management market is forecast to grow at a compound annual growth rate (CAGR) of more than 2.2% during the forecast period from 2021-2030.
Waste Management Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Waste Management Market , and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region
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Garbage, sewage, and other waste products are collected, transported, and disposed of in waste management. Waste treatment and waste disposal involve the safe and efficient handling of solid waste. The various types of waste that it deals with include solid, liquid, and gaseous waste. These wastes include municipal, industrial, and hazardous wastes. Waste generated in towns and cities is usually residential waste or non-hazardous waste. The industry produces waste as it produces and manufactures goods. Hazardous waste refers to waste generated in the pharmaceutical, medical, chemical, and paint industries.
Also, the collection and disposal of waste are major activities. Waste collection services include waste collection, handling, and storage. In contrast, disposable services include waste segregation, recycling, composting, and anaerobic digestion.
Factors Affecting the Market
Waste management companies benefit from government efforts to reduce illegal dumping, driving the growth of the global market.
Growth in the waste management market is forecast to increase by using WTE incineration and recycling techniques.
The Resource Conservation and Recovery Act (RCRA) is enforced by the Environmental Protection Agency (EPA) in order to help reduce the open dumping of hazardous and non-hazardous waste.
An increase in population and globalization has resulted in an increase in the amount of garbage generated worldwide.
In emerging economies such as India, China, and Taiwan, industrialization has led to the development of chemical, oil & gas, automobile, and medical industries, which generate an enormous amount of waste and cause pollution.
A rise in environmental awareness regarding renewable waste management systems among people and rising CO2 emissions will drive growth in the waste management systems market.
In turn, these factors are likely to significantly contribute to the growth of the global waste management market.
The rise in public and government awareness of waste-to-energy solutions combined with a growing demand for the technology will provide lucrative growth opportunities for market players during the forecast period. These opportunities have led to waste management companies expanding their businesses, acquiring other companies, signing agreements, and forming partnerships to provide better services.
Purchasing and operating waste management solutions are expensive, which may hinder the market’s growth. Furthermore, waste management employs a large number of workers, consuming a lot of money as wages. Transportation of waste can also take up a large portion of allocated funds, including collection and further transport to landfills and recycling facilities. Cost recovery for waste services varies significantly by income level. Due to the investments related to its processes, the waste management market becomes somewhat rigid, hampering the market growth.
Impact Analysis of COVID-19
During the lockdown owing to Coronavirus, industrial and commercial waste production drastically declined. Businesses and offices ceased operations as a result. On the other hand, the amount of municipal waste increased in residential areas. Due to a decline in new goods manufacturing, rubber and plastic were also less in demand due to the drop in manufacturing operations. The reopening of production facilities and new vaccines for Coronavirus will likely lead to the restart of waste management companies and waste recycling industries at their full-scale capacities.
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Globally, the waste management market in 2020 held dominance by the Asia Pacific. Waste management in the region depends on several factors, including population growth, high disposable incomes, and the growing popularity of packaged food products. In addition, marine plastic pollution is a leading factor in the Asia Pacific. There are a variety of materials involved, including plastic bottles, plastic bags, single-use plastic items, and plastic packaging. China, Indonesia, and Thailand are key countries responsible for this type of pollution.
The several leading prominent companies in the global waste management market are:
Covanta Holding Corporation
Clean Harbors, Inc.
Republic Services, Inc.
Waste Management Inc.
Daiseki Co., Ltd.
Hitachi Zosen Corporation
Remondis Se & Co. Kg
Other Prominent Players
Scope of the Report
The global waste management market segmentation focuses on Type, Service, and Region.
Segmentation based on Type
Segmentation based on Service
Collection & transportation
Storage & handling
Compositing & anaerobic digestion
Segmentation based on Region
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Rest of Western Europe
Rest of Eastern Europe
Australia & New Zealand
Rest of Asia Pacific
Middle East & Africa (MEA)
Rest of MEA
Rest of South America
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Final Report will add the analysis of the impact of COVID-19 on this industry.”
In the highly import dependent Waste Management Market , a large number of indigenous manufacturers of syringes and needles have managed to come up. However, it does not mean that imports are low for this market. Imports, as in the case with other medical devices, are quite high but the domestic manufacturers have been able to tap foreign markets through increasing exports. The target base of consumers is growing steadily which is expected to significantly boost sales in the market.
The report provides a snapshot of the Waste Management Market . It begins with the introduction section which mentions the features and uses of syringes and needles along with a brief description of the various phases in their development. The market overview section provides an insight into the market and highlights the market size. Import and export figures for syringes and needles, both in terms of volume and value have been provided in the next section. It also includes the regional break-up of the imports and exports.
An analysis of the drivers explains the factors leading to the growth of the market which include increasing need of insulin doses, increasing demand for vaccines, improving health infrastructure, growing incidence of diseases, changing demographics and health check-up packages. Some of the major challenges to the market are illegal recycling of syringes and needles and problems associated with usage. Government legislation in the market has been discussed in the next section.
The competition section highlights the features of the major players operating in the market. A brief profile of the major domestic and foreign players in the market along with their financials has been included in this section. A section providing strategic recommendations has been given at the end of the report which gives effective solutions to existing and potential players for improving market share and increasing profitability.
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