Waste Management Market is expected to exceed the market valuation of more than US$ XX billion in 2027 and is expected to grow at a significant CAGR of XX% during the forecast period (2021-2027). Waste Management is the process of collecting, treating, and disposing of waste products. Additionally, products can also be recycled and reused. Waste Management is one of the most important services that a city provides, in low income and many middle-income countries, waste management is the largest budget item in the cities and one of the largest employers. The management of solid waste usually fall completely in the purview of the local government. It is hard for a city to manage anything else if it cannot manage its waste properly. Poorly managed waste can have an enormous impact on the health, environment and economy of the city and its people. If the waste is improperly managed the downstream costs of its impact are higher than the cost of waste management in the first place. Improperly managed waste also contributes to GHG emissions like methane from the organic fraction of the waste stream and the increasingly global linkages of products, urban practices, and the recycling industry. Waste also pollutes the environment and can create unsanitary conditions. The environment pollution caused by not treated wastes can lead to the outbreak of vector borne diseases like rodents and insects. Solid waste management can lead to technical challenges and can pose a variety of social, economic, and administrative threats.
Key factors influencing the growth of the waste management market are the growing population around the world, industrialization in developing economies and increased awareness about waste management and recycling around the world. With the increasing population and rapid urbanization in most countries, the waste generated all over the world is increasing. The world generated 2.01 billion tons of solid waste in 2016, this number is expected to rise by 70% by 2050 producing 3.40 billion tons of waste in that year. All this waste needs to be properly treated to avoid pollution which can lead to health and economic problems. Additionally, the increased awareness about recycling and sustainability is also encouraging governments to invest in better waste management treatments. Effective waste management include segregating different types of waste and recycling as much of it as possible. This method however is costly and remains a challenge for many developing countries to be able to afford. Effective waste management usually comprises 20-50% of the total municipal budget. This may be the main constraint on the waste management market i.e., the affordability of effective waste treatment by low- and middle-income countries.
Biffa Plc, Clean Harbors, Inc., Covanta Holding Corporation, Daiseki Co., Ltd., Hitachi Zosen Corporation, Remondis Se & Co. Kg, Republic Services, Inc., Suez, Veolia Environment, and Waste Management Inc. are some of the prominent players operating in the Waste Management market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
"Amongst Waste Type, Municipal Solid Waste segment holds the major share"
Based on waste type, the waste management market is segmented into Municipal Solid Waste, Hazardous Waste, E-waste, Plastic Waste, and Bio-medical Waste. Amongst waste type, the Municipal Solid Waste segment of the market was valued at US$ XX million in 2020 and is likely to reach US$ XX million by 2027 growing at a CAGR of XX% from 2021-2027. Municipal solid waste (MSW) is trash or garbage and consists of everyday items that we use and throw away, like product packaging, furniture, glass clippings, food scraps, clothing, food scraps, appliances, newspapers, batteries, and paint. This usually comes from hospitals, schools, businesses, and homes.
"Amongst Disposable Methods, Recycling Segment holds the major share"
Based on Disposable Methods, the Waste Management market is segmented into Landfill, Incineration, Dismantling, and Recycling. Amongst disposable methods, recycling segment accounted for a market valuation of US$ XX million in 2020 and is expected to reach US$ XX million by the year 2027, at a CAGR of XX% over the analyzed period. Recycling is the reusing of used products like used clothing and functioning parts removed from used vehicles and material recycling which causes the recovery of raw materials from waste e.g., production of new glass from fragments, the melting of scrap iron and the production of recycled building materials from construction waste.
"Amongst End-User, Industrial Segment holds the major share"
Based on end-user, the waste management market is segmented into Residential, Commercial, and Industrial. The industrial segment generated revenue of US$ XX million in 2020 and is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of US$ XX million by 2027F. The residential waste that is generated from buildings, small businesses, institutions, houses, yards, companies etc. account for less than 5% of the total waste generated in a country. In most developed countries between 30-35% of the waste generated is from the industrial sector attributing to construction sites, demolition processes, renovation etc. according to EU statistical data.
"Europe represents one of the largest markets of Waste Management market"
For a better understanding of the market dynamics of the Waste Management market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and the Rest of North America), Europe (Germany, France, Italy, United Kingdom, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC) and Rest of the World. Europe dominated the market and grabbed around XX% market share owing to the growing urbanization in the region.
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- The study includes market sizing and forecasting analysis validated by authenticated key industry experts
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- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
- The study comprehensively covers the market across different segments
- Deep dive regional level analysis of the industry
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Waste Management is the process of collecting, treating, and disposing of waste products. Additionally, products can also be recycled and reused. Waste Management is one of the most important services that a city provides, in low income and many middle-income countries, waste management is the largest budget item in the cities and one of the largest employers. The management of solid waste usually fall completely in the purview of the local government. It is hard for a city to manage anything else if it cannot manage its waste properly. Poorly managed waste can have an enormous impact on the health, environment and economy of the city and its people.
If the waste is improperly managed the downstream costs of its impact are higher than the cost of waste management in the first place. Improperly managed waste also contributes to GHG emissions like methane from the organic fraction of the waste stream and the increasingly global linkages of products, urban practices, and the recycling industry. Waste also pollutes the environment and can create unsanitary conditions. The environment pollution caused by not treated wastes can lead to the outbreak of vector borne diseases like rodents and insects. Solid waste management can lead to technical challenges and can pose a variety of social, economic, and administrative threats.
Based on waste type, the waste management market is segmented into Municipal Solid Waste, Hazardous Waste, E-waste, Plastic Waste, and Bio-medical Waste. Amongst waste type, the Municipal Solid Waste segment of the market was valued at US$ XX million in 2020 and is likely to reach US$ XX million by 2027 growing at a CAGR of XX% from 2021-2027.
Based on Disposable Methods, the Waste Management market is segmented into Landfill, Incineration, Dismantling, and Recycling. Amongst disposable methods, recycling segment accounted for a market valuation of US$ XX million in 2020 and is expected to reach US$ XX million by the year 2027, at a CAGR of XX% over the analysed period.
Based on end-user, the waste management market is segmented into Residential, Commercial, and Industrial. The industrial segment generated revenue of US$ XX million in 2020 and is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of US$ XX million by 2027F.
For a better understanding of the market adoption of Waste Management Industry, the market is analysed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Europe will dominate the Waste Management market on account of increasing industrialization all over the world.
Some of the major players operating in the market include Biffa Plc, Clean Harbors, Inc., Covanta Holding Corporation, Daiseki Co., Ltd., Hitachi Zosen Corporation, Remondis Se & Co. Kg, Republic Services, Inc., Suez, Veolia Environment, and Waste Management Inc. Several M&As along with partnerships have been undertaken by these players to boost their presence in different regions.
Waste Management Market was valued at US$ XX million in 2020 and is projected to expand significantly with a CAGR of XX% from 2021-2027F to US$ XX million in 2027. The Waste Management Market is expected to witness a boost on account of its high adoption in the Europe region.
Table of Contents
1 MARKET INTRODUCTION
1.1. Market Definitions
1.2. Objective of the Study
1.3. Limitation
1.4. Stake Holders
1.5. Currency Used in Report
1.6. Scope of the Waste Management Market Study
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1. Research Methodology for the Waste Management Market
2.1.1. Main Objective of the Waste Management Market
3 MARKET SYNOPSIS (INDUSTRY AT A GLANCE)
4 EXECUTIVE SUMMARY
5 WASTE MANAGEMENT MARKET REVENUE (US$ BN), 2021-2027F
6 COVID-19 IMPACT
7 MARKET INSIGHTS BY WASTE TYPE
7.1. Municipal Solid Waste
7.2. Hazardous Waste
7.3. E-waste
7.4. Plastic Waste
7.5. Bio-medical Waste
8 MARKET INSIGHTS BY DISPOSABLE METHODS
8.1. Landfill
8.2. Incineration
8.3. Dismantling
8.4. Recycling
9 MARKET INSIGHTS BY END-USER
9.1. Residential
9.2. Commercial
9.3. Industrial
10 MARKET INSIGHTS BY REGION
10.1. NORTH AMERICA WASTE MANAGEMENT MARKET
10.1.1. United States of America
10.1.2. Canada
10.1.3. Rest of North America
10.2. EUROPE WASTE MANAGEMENT MARKET
10.2.1. United Kingdom
10.2.2. Germany
10.2.3. France
10.2.4. Spain
10.2.5. Italy
10.2.6. Rest of Europe
10.3. ASIA-PACIFIC WASTE MANAGEMENT MARKET
10.3.1. China
10.3.2. Japan
10.3.3. India
10.3.4. Australia
10.3.5. Rest of Asia-Pacific
10.4. REST OF THE WORLD WASTE MANAGEMENT MARKET
11 WASTE MANAGEMENT MARKET DYNAMICS
11.1. Drivers
11.2. Challenges
11.3. Impact Analysis
12 WASTE MANAGEMENT MARKET OPPORTUNITIES
13 WASTE MANAGEMENT MARKET TRENDS
14 LEGAL AND REGULATORY FRAMEWORK
15 DEMAND AND SUPPLY SIDE ANALYSIS
15.1. Demand Side Analysis
15.2. Supply Side Analysis
15.2.1. Top Product Launches
15.2.2. Top Business Partnerships
15.2.3. Top Business Expansions, Investments and Divestitures
15.2.4. Top Merger and Acquisitions
16 VALUE CHAIN ANALYSIS
17 COMPETITIVE SCENARIO
18 COMPANY PROFILED
18.1. Biffa Plc
18.2. Clean Harbors, Inc.
18.3. Covanta Holding Corporation
18.4. Daiseki Co., Ltd.
18.5. Hitachi Zosen Corporation
18.6. Remondis Se & Co. Kg
18.7. Republic Services, Inc.
18.8. Suez
18.9. Veolia Environment
18.10. Waste Management Inc.
19 DISCLAIMER
Biffa Plc
Clean Harbors
Inc.
Covanta Holding Corporation
Daiseki Co.
Ltd.
Hitachi Zosen Corporation
Remondis Se & Co. Kg
Republic Services
Inc.
Suez
Veolia Environment
and Waste Management Inc.