(MENAFN- iCrowdNewsWire) The global waste management market size is expected to reach USD 3,225.72 Billion in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to rising concerns regarding waste management across the world, rapid urbanization, economic development, and increasing global population. Steady and increasing generation of vast volumes of waste is driving urgent need for more effective and efficient waste management facilities and solutions. Rising volumes of hazardous chemical wastes generated by healthcare, pharmaceuticals, and manufacturing industries is expected to boost utilization of waste management facilities to minimize environmental degradation during the forecast period.
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Competitive Landscape:
The report further studies the major competitors of the Waste Management market in the industry to provide a comprehensive overview of the competitive landscape. Key factors such as productivity, manufacturing and production capacity, and demand and supply ratio, among others, are also examined. The key companies profiled in the report are Biffa Group, Clean Harbors, Inc., Covanta Holding Corporation, Daiseki Co., Ltd., Hitachi Zosen Corporation, REMONDIS SE & Co. KG, Suez Environment S.A., Veolia Environnement S.A., Waste Management, Inc., and Republic Services, Inc. Moreover, the report also analyses the key business initiatives undertaken by companies such as mergers and acquisitions, joint ventures, collaborations, and partnerships, among others.
Some Key Highlights From the Report
- In September 2020, SUEZ and PreZero, which is the environmental division of Schwarz Group, announced that they entered into a Memorandum Of Understanding (MoU) to explore possibilities in order to establish strategic partnerships, which would promote innovative solutions related to waste management. The partnership is expected to accelerate the development of the circular economy in Europe.
- Disposable service segment revenue is expected to expand at a rapid CAGR during the forecast period. Increasing initiatives by governments regarding safe disposal of industrial and municipal waste is driving demand for disposal services.
- Asia Pacific accounted for largest revenue share contribution to the global waste management market in 2020. Rapid urbanization, industrialization, population growth, and economic development in countries in the region have resulted in increasing volumes of waste generation, which is driving rapid need for waste management facilities in the region.
Market Segmentation:
Emergen Research has segmented the global waste management market on the basis of type, service, and region:
- Type Outlook (Revenue, USD Billion; 2018–2028)
- Industrial Waste
- Municipal Waste
- Hazardous Waste
- Bio-medical waste
- Service Outlook (Revenue, USD Billion; 2018–2028)
- Collection Service
- Collection & transportation
- Storage & handling
- Sorting
- Disposable Service
- Landfills
- Recycling
- Composting & Anaerobic digestion
The regional analysis of the Waste Management market mainly focuses on the key regions and regional market in North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. It evaluates the presence of the global Waste Management market in the major regions with regards to market share, market size, revenue contribution, sales network, and distribution channel, and other key elements.
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Major Objectives of the Study:
- To offer a comprehensive analysis of the market scenario to derive an accurate forecast of the market and its major segments
- Accurate insights into the future growth prospects of the market through an analysis of the influencing factors
- Analysis of vital aspects of the market including cost analysis, supply chain analysis, Porter's Five Forces analysis, SWOT analysis, and investment return analysis
- Extensive historical and forecast estimation of the market revenue based on its key segments and key regions
- Comprehensive analysis of the competitive landscape of the market along with exhaustive profiling of the key competitors, product portfolio, and manufacturing and production capabilities
- An accurate and comprehensive 8-year forecast for the Waste Management industry vertical on both regional and global scale
Table Of Content:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. Waste Management Market Segmentation & Impact Analysis
4.1. Waste Management Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Growing concerns regarding waste management
4.2.2.2. Rapid industrialization in developing countries
4.2.2.3. Strict regulations of government regarding waste disposal
4.2.2.4. Rising need to develop waste-to-energy solutions
4.2.2.5. Technological advancement in effective waste management
4.2.3. Market restraints analysis
4.2.3.1. Rising landfill prices and fuel costs
4.2.3.2. High cost of operating waste management solutions '
4.2.3.3. Limited availability of proper waste collection infrastructure
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter's Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
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