Waste Management Market Size, Share & Growth

 


Waste Management Market

Waste Management Market is predicted to touch USD 573 Billion by 2027, registering a CAGR of 5.6% over the forecast period (2020-2027), owing to the rapid urbanization and industrialization.

Growing environmental concerns, increasing industrialization, rising population, and strict norms enforced for open dumping are some prominent factors stimulating the waste management market size. Rising awareness among government agencies about the waste management solutions and emerging need to generate waste-to-energy solutions are projected to expand the market growth. Several waste removal companies have initiated the use of environment-friendly waste disposal services to reduce the impact of greenhouse gases which stands to be another factor fueling the waste management market share.

By waste, the industrial waste segment is forecast to expand at a faster CAGR during the forecast period, owing to the increasing industrialization and urbanization. As per the world data, nearly 7 billion people will live in urban areas, by 2050, which will increase urban waste generation in the near future. Thus, as per the waste management industry trends, a large amount of waste generation which raises the need for industrial waste management, driving the segment’s size.

By region, Europe is anticipated to dominate the market over the forecast period, owing to the intensified government initiatives for proper waste management and growing adoption of advanced technology for waste management services.

Asia-Pacific is predicted to witness a faster CAGR during the forecast period, owing to the stringent government norms, rising waste production, and ongoing technological innovations. Increasing government initiatives and growing awareness about waste recycling will fuel the waste management market size.

Leading players in the market include Biffa Group Ltd, Clean Harbors, Inc., Advanced Disposal Services, Inc, Covanta Holding Corporation, Hitachi Zosen Corporation, Daiseki Co. Ltd, Remondis SE & Co. KG, Veolia Environnement S.A., Suez Environment S.A., and WM Intellectual Property Holdings, L.L.C.

Waste Management Market Segmentation:

Waste Management Market by Waste
  • Municipal Waste
  • Industrial Waste
  • Hazardous Waste
Waste Management Market by Service
  • Collection
  • Disposal
Waste Management Market by Region:
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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