Global Waste Management Market Size was estimated for USD 303.6 billion in 2017, and is anticipated to witness a steep rise by generating an estimated revenue of US$ XX. XX over the forecast period. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 6.2 during the forecast period, i.e. 2017-2025.

Global Waste Management Market Growth Opportunities (Revenue, Growth) By 2017-2025

Waste has been a global issue affecting the public health in coming years. Waste management is one of the essential utility services underpinning society in the 21st century, particularly in urban areas. Waste management is a basic human need and can also be regarded as a ‘basic human right’. Ensuring proper sanitation and solid waste management sits alongside the provision of potable water, shelter, food, energy, transport and communications as essential to society and to the economy as a whole. Despite this, the public and political profile of waste management is often lower than other utility services. Unfortunately, the consequences of doing little or even nothing to address waste management can be very costly to society and to the economy overall. In the absence of waste regulations and their rigorous implementation and enforcement, a generator of waste will tend to opt for the cheapest available course of action. For example, household solid waste may be dumped in the street, on vacant land, or into drains, streams or other watercourses, or it may be burned to lessen the nuisance of accumulated piles of waste.

Market Dynamics

Waste Management market is estimated to grow at a CAGR of 6.2% from 2017-2025. The market is expected to grow at a faster pace during the forecast period.  The Waste Management market is primarily driven by increasing stringent government norms toward open dumping, Increase in environmental awareness, rapid industrialization, surge in population, and rise in urbanization foster the growth of the global waste management market.

Additionally, uncollected waste and dumping are impacting on health directly or directly, which is expected to boost for waste management market. However, lack of awareness for investing in waste management by the developing countries may restrict the market growth in the coming years.

Segment Analysis 

Based on the waste type, the Waste Management market is segmented as Municipal Waste, Industrial Waste. Municipal waste dominated the market in terms of revenue in 2017, whereas, industrial waste considered to be the fastest growing segment owning to the evolution of the waste management in the industrial segment.

Also, based on service, the waste management market is segmented as collection, and disposable. Similarly, on the basis of end use, the Waste Management market is segmented Automotive, Chemical, Agriculture & forestry, Textile, Power & Energy, Construction.   

Regional Analysis:

Europe to hold the largest market share in this industry, owing to increase in favorable government initiatives along with high-end technology adoption by management services. North America is expected to be the fastest growing region in the global waste management market, due to increasing industrialization and growth in the region.

Global Waste Management Market Size, Share Analysis By Region 2017

However, Asia Pacific is expected to favor the growing waste management market demand due to increase in contract production processes coupled with growing government interest to promote environmental friendly products. Moreover, government initiatives in India, such as Swachh Bharat Abhiyan, is expected to boost the demand for the waste management services.

Waste Management Market: Secondary Research

To recognize and collect authentic and market-oriented information crucial for the research study, several secondary sources have been approached and referred. Press releases, white papers, companies annual reports, investor presentations, and articles present on trustworthy websites, databases, and certified publications are some of the significant secondary research sources that have been used to prepare the report. The data collected as secondary data have been obtained from various reliable journals and associations such as Smart Ticketing Alliance, Association of Professional Social Compliance Auditors, General Service Administration, Department of Transportation, and Association for Intelligent Transport Systems to reach to the market numbers or size. The data obtained through secondary sources has been validated through primary research.

Waste Management Market: Primary Research

For conducting primary research, several primary sources of the demand as well as supply sides have been approached and interviewed for obtaining quantitative and qualitative information crucial for the report. Vice Presidents, CEOs, technology directors, Product Managers, Marketing Directors and other executives of giant market players and organizations operating in waste management market are included as primary sources of the supply side.

After performing comprehensive engineering of waste management market (which includes market size estimations, calculations regarding market statistics, market forecasting, data triangulation, and market breakdown), detailed and vast primary research has been carried out to collect information along with verifying and validating the significant and critical market numbers arrived at.

Key Players

Major players operating in global waste management market include Advanced Disposal Service Biffa Group, Clean Harbors, Inc., Covanta Holding Corporation, Daiseki Co. Ltd., Hitachi Zosen Corporation, Remondis AG & Co. Kg, Suez Environment S.A., Veolia Environment S.A., ans Waste Management Inc.

Global Waste Management Market Study Report Offer You!

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