According to the report, the global waste management market is expected to grow at a considerable CAGR during the forecast period.
Progressive Markets added a report titled, "Waste Management Market- Size, Trend, Share, Opportunity Analysis, and Forecast, 2014-2025". The World Bank Report states that the global solid waste generation is expected to reach 6 million tons per day by 2025, compared to the 3.5 million tons per day in 2010.
The overall waste generation is anticipated to increase to 70% by 2025.
Waste is an inevitable byproduct of human activities carried out in the industrial, residential, and commercial sectors. Rapid urbanization has resulted in the generation of large volumes of waste.
In the industrial sector, every process starting from the extraction of raw materials from its source, processing the material into intermediate and final products, to its consumption leads to the production of solid, wet, and other forms of hazardous wastes. The huge piles of waste mounting in the dumping yards have fueled the need for efficient waste management systems.
It deals with the collection, transportation, and disposal of the scraps, garbage, sewage, and other unwanted byproducts. Waste management not only ensures proper disposal of the waste, it also treats solid, wet, and radioactive wastes and offers several solutions to recycle and convert them into useful resources.
These systems are implemented to reduce the adverse effects, caused by the generation of waste, on the health and the environment. Waste management activities intend to improve the aesthetics and also foster sustainability.
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Drivers & Restraints:
The waste management industry analysis attributes several factors to the growth and development of the global market. The laws and regulations imposed by the regulatory bodies and the government on the waste disposal industry, with an aim to provide a cleaner environment, is expected to drive the market's growth.
The growing concerns about one's health and the negative impact on the environment have resulted in increasing awareness programs for waste management. Technological advancements have led to the development of advanced methods for industrial waste management, such as waste to energy (WtE) that utilizes the undesirable byproducts to generate useful energy.
However, waste management has not gained widespread acceptance in the emerging economies across the globe. The low number of waste treatment plants in developing countries restricts the growth of the waste management market.
Due to the lack of awareness and low competition, new entrants and potential investors find various opportunities to expand their reach in the global waste management industry.
The waste management industry report analyzes the market across five major categories- source, type, service, process, and the geography. The sources of waste include household & municipal waste, commercial waste, industrial waste, healthcare & medical waste, and others.
The waste generated comprises of food scrap, meat & bones, agricultural waste, medical waste, shredded paper, radioactive waste, and others. Waste management includes the provision of services such as collection & transportation, storage, sorting, processing, and disposal & landfill.
Recycling, incineration, and dumpsites/landfill treatment are the processes involved in waste management. The study includes the global waste management market share analysis of each of the aforesaid segments.
The leading players that account for the largest waste management market size include Waste Management Inc., Enviroserv Waste Management (Pty) Ltd., Remondis AG & Co. Kg, Clean Harbors, Daiseki Co. Ltd., Republic Services Inc., Veolia Environment S.A., Suez Environment, American Waste Management Services Inc., and Bartlett Nuclear Inc.
The waste management industry overview includes information about the company overview, the financial and business segments, and the recent developments made in the market.
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Key Benefits of the report:
Comprehensive analysis of the current and emerging waste management industry trends enables the market players to plan strategic business moves and reap maximum benefits on their investments. Porter's Five Forces Model analyzes the potency of buyers and suppliers in the idustry.
Waste management market forecast for the period 2017-2025 is based on competitive intelligence of the past market trends. The report profiles the leading players in the market and includes information about the key winning strategies adopted by them to expand their reach in the global waste management market.
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