Waste Management Market Research Report
The GMI Research's latest analysis reveals that the Waste
Management Market is slated to register a higher CAGR over the forecast period.
This is attributed to the increasing population rate, growing industrialization,
rising environmental awareness, rapid urbanization, and the introduction of
environment-friendly methods that include work from home, less paper, and
conference calls.
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Waste Management Market’s leading
Manufacturers:
·
Advanced Disposal Services, Inc
·
Biffa Group Ltd
·
Clean Harbors, Inc.
·
Covanta Holding Corporation
·
Daiseki Co. Ltd
·
Hitachi Zosen Corporation
·
Remondis SE & Co. KG
·
Veolia Environnement S.A.
·
Suez Environment S.A.
·
WM Intellectual Property Holdings, L.L.C.
Waste Management Market Dynamics (including
market size, share, trends, growth, forecast, and industry analysis)
Key
Drivers
The increasing population rate, growing industrialization,
rising environmental awareness, and rapid urbanization at a global level are
the key drivers contributing to the growth of the waste
management market size. The emission of greenhouse gases has increased
significantly after the industrial revolution. The rising use of various modes
of media to increase environmental awareness among people, including water and
air pollution, negative implication of the use of polythene and plastics,
global warming, overutilization of fertilizers, and conservation of fuel and
energy resources will further propel the growth of the waste management market
share in terms of revenue. As per the waste management market report, the
introduction of environment-friendly methods that include work from home, use
of less paper, conference calls, planting trees, the usage of low power
appliances, and proper waste management across global players will further
bolster the demand of the market during the forecast period. Various waste
removal giants have started utilizing eco-friendly waste disposal services,
which will further reduce the intensity of the greenhouse effect and aid in
bringing a cleaner and greener environment. According to the waste management
market overview, the increasing environmental awareness is energizing the
growth of the global waste management market.
Waste
Segment Drivers
Based on waste, the market is segmented into industrial,
municipal, and hazardous. Industrial waste is predicted to rise at a faster
CAGR in the coming years. Handling industrial waste and improper disposal is
growing the cases of severe medical conditions among humans staying in local
areas. Thereby, a rise in industrialization needs better waste treatment which
will further fuel the growth of the market.
Service
Segment Drivers
Based on service, the market is segmented into collection
and disposal. The collection is expected to dominate the market as it contains
garbage trucks, wherein garbage is assembled from various offices or houses and
managed properly. This service aids people in saving time, which will use in
managing waste, and aids in keeping the home and working environment clean and
safe. Such advantages of the service are accelerating the growth of the market.
Waste Management Market Segmentation:
Segmentation
by Waste:
·
Municipal Waste
·
Industrial Waste
·
Hazardous Waste
Segmentation
by Service:
·
Collection
·
Disposal
Segmentation
by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
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