Astute Analytica released a new research report on the global Waste Management Market. The global market study looks into a variety of subjects, such as opportunities, market size, development, innovation, sales, and the overall growth of top players Some of the major market players are 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.
The Global Waste Management Market size was valued to USD 394.1 billion in 2020, and is predicted to reach USD 715.0 billion by 2030, witnessing a CAGR of 5.5% from 2022 2027.
The study incorporates both qualitative and quantitative data and draws on both primary and secondary statistical sources. Significant companies, important market categories, and a range of products are included in the global market report. In addition, the report covers the measurement years and the study points.
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The growing population around the globe and increase in globalization has led to increase in volume of waste which has driven the growth of the waste management market. Additionally, illegal dumping, rise in environmental awareness, increase in pollution has led to sound growth in this sector. Moreover, increasing in industrialization in developing countries which disposes enormous amount of waste also fuels the growth of the waste management market. However, increasing recycling costs, land fill prices and fuel cost hampers the growth of the market.
Market Segmentations and Scope of the Study:
The global waste management market share analysis is based on waste type, service, and geography. Based on waste type, the market is segmented into Municipal Waste, Industrial Waste, and Hazardous Waste. Based on service, the market is divided into collection and disposal. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.
Asia Pacific denotes a higher adoption of waste management process and is anticipated to hold the highest market share during the forecast period. This is attributable to the factors including rise in waste processing infrastructure and increasing environmental awareness among developing countries.
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However, it is expected that the North America would witness increasing market size owing to developed infrastructure and government regulation mandating waste management in various industries.
Global Waste Management market – By Waste Type
- Municipal Waste
- Industrial Waste
- Hazardous Waste
Global Waste Management market – By Service
Global Waste Management market -By Geography
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Saudi Arabia
- South Africa
- Rest of RoW
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