The global waste management market is expected to expand at a CAGR of 7.5% during the forecast from 2018 to 2026.
Market Insight
Waste generation rates are on a rise. This must be credited collectively to the improving standard of living, industrialization, urbanization, and also evolving digital habits of consumers. According to the statistics released by the World Bank, the world’s cities collectively generated 2.01 Bn tonnes of solid waste, which was equivalent to a footprint of 0.74 kilograms/person per day in 2016. With economic development, population growth and consequent urbanization, annual waste generation are expected to surge by over 70% from 2016, reaching 3.40 Bn tonnes in 2050. As compared to developed economies, people in developing countries, particularly urban poor, are severely affected by the untenably managed waste that is either openly incinerated or disposed of in unregulated dumps. Such practices have led to serious health and environmental consequences by serving ground for disease vectors and changing global climate through methane generation. Thus, the overriding need to manage, control, and recycle waste that ascends due to scrap landfill and incineration is one of the major factors driving market growth. In addition, government regulations with respect to waste collection and recycling along with initiatives like ‘Smart City’ by the governments will heighten the need for efficient waste management worldwide.
On the flip side, high costs associated with waste management, particularly for buying high-end recycle machinery along with inadequate infrastructure for waste collection, transport, process, and disposal in developing economies are hindering the market growth. Effective and efficient waste management is expensive, often comprising 25% – 55% of municipal budgets and requiring integrated systems that are sustainable, efficient, and socially supported. However, growing awareness regarding its environmental impact and consequent health effects, demand for waste management services is expected to increase in the coming years.
The global waste management market is fragmented and characterized by the presence of firms involved in scrap collection, treatment, processing as well as recycling. Some of the major service providers profiled in the research study include Advanced Disposal Services, Waste Harvesters, Inc., Covanta Holding Corporation, Biffa Group, Clean Harbors, Inc., Remondis AG & Co. Kg, Hitachi Zosen Corporation, Suez Environment S.A., Daiseki Co. Ltd., Veolia Environment S.A., and Waste Management, Inc. among others.
This product will be delivered within 2 business days.
Market Insight
Waste generation rates are on a rise. This must be credited collectively to the improving standard of living, industrialization, urbanization, and also evolving digital habits of consumers. According to the statistics released by the World Bank, the world’s cities collectively generated 2.01 Bn tonnes of solid waste, which was equivalent to a footprint of 0.74 kilograms/person per day in 2016. With economic development, population growth and consequent urbanization, annual waste generation are expected to surge by over 70% from 2016, reaching 3.40 Bn tonnes in 2050. As compared to developed economies, people in developing countries, particularly urban poor, are severely affected by the untenably managed waste that is either openly incinerated or disposed of in unregulated dumps. Such practices have led to serious health and environmental consequences by serving ground for disease vectors and changing global climate through methane generation. Thus, the overriding need to manage, control, and recycle waste that ascends due to scrap landfill and incineration is one of the major factors driving market growth. In addition, government regulations with respect to waste collection and recycling along with initiatives like ‘Smart City’ by the governments will heighten the need for efficient waste management worldwide.
On the flip side, high costs associated with waste management, particularly for buying high-end recycle machinery along with inadequate infrastructure for waste collection, transport, process, and disposal in developing economies are hindering the market growth. Effective and efficient waste management is expensive, often comprising 25% – 55% of municipal budgets and requiring integrated systems that are sustainable, efficient, and socially supported. However, growing awareness regarding its environmental impact and consequent health effects, demand for waste management services is expected to increase in the coming years.
The global waste management market is fragmented and characterized by the presence of firms involved in scrap collection, treatment, processing as well as recycling. Some of the major service providers profiled in the research study include Advanced Disposal Services, Waste Harvesters, Inc., Covanta Holding Corporation, Biffa Group, Clean Harbors, Inc., Remondis AG & Co. Kg, Hitachi Zosen Corporation, Suez Environment S.A., Daiseki Co. Ltd., Veolia Environment S.A., and Waste Management, Inc. among others.
This product will be delivered within 2 business days.
Table of Contents
1. Preface
2. Executive Summary
3. Global Waste Management Market Analysis
4. Global Waste Management Market Value, by Waste Type , 2016 – 2026 (US$ Bn)
5. Global Waste Management Market Value, by Service Type , 2016 – 2026 (US$ Bn)
6. North America Waste Management Market Analysis, 2016 – 2026 (US$ Bn)
7. Europe Waste Management Market Analysis, 2016 – 2026 (US$ Bn)
8. Asia Pacific Waste Management Market Analysis, 2016 – 2026 (US$ Bn)
9. Rest of World Waste Management Market Analysis, 2016 – 2026 (US$ Bn)
10. Company Profiles
List of Figures
List of Tables
Companies Mentioned
- Advanced Disposal Services
- Waste Harvesters, Inc.
- Biffa Group
- Clean Harbors, Inc.
- Remondis AG & Co. Kg
- Suez Environment S.A.
- Covanta Holding Corporation
- Hitachi Zosen Corporation
- Daiseki Co. Ltd.
- Veolia Environment S.A.
- Waste Management, Inc.
