Waste Management Market Insights: The Key to Unlocking Market Dynamics and Opportunities
Category - Energy & Power
Report Code - OMR-EP-269
Format: PDF, PPT, and Excel
Waste Management Market to Account for 3.7% CAGR Growth During Forecast, Rising Focus on Cleanliness and Environmental Hygiene to Product Outstanding Market Growth
Garbage, sewage, and other fobage must be prorms of garperly removed from public areas and disposed of through proper management. It involves disposing of garbage and reusing it safely and efficiently. Reusing management includes all solid, liquid, and gaseous refuse. The management of municipal, industrial, and hazardous waste falls under the umbrella of waste management.
The proliferation of COVID-19 hinders business expansion significantly. The disruption in the supply chain is anticipated to slow the growth rate compared to prior years. Consequently, this year we anticipate a reduced growth rate for the industry.
Key Takeaways of the Waste Management Market
By Type
During the projected period, municipal waste will dominate. Rapid urbanization and industrialization are responsible for rising quantities of industrial refuse. This waste must be managed because improper industrial waste disposal can pollute lakes and groundwater and damage animals and vegetation.
By Region
In 2022, Europe was the greatest market. Because of their high per capita revenues, most European nations have developed solid waste treatment infrastructure. As a consequence, the typical rate of garbage collection in Europe is extremely high. The proliferation of waste-to-energy facilities is another factor driving industry growth.
New Technologies to Elaborate the Market Revenue
Systematic waste collection requires substantial resources, and the routes are predetermined. Consequently, there is often a misuse of scarce resources. New technologies based on the Internet of Things (IoT) are being developed to improve waste collection management, identify refuse-filling trends, optimize the carrier schedule, and reduce operating costs. Keeping usable waste out of landfills conserves basic materials, eases the economic burden, and promotes local improvement initiatives.
Rising Electronic Waste to Dominate Market Growth During Forecast
The growing mountain of obsolete electronics necessitates electronic refuse management, highlighting the significance of recycling these items. Since the introduction of personal computers and mobile phones, the average lifespan of consumer products and their constituent parts has consistently decreased. According to the World Health Organization projections, the world's urban population will increase by 1.84 percent per year until 2020, 1.63 percent from 2020 to 2025, and 1.44 percent from 2025 to 2030.
Global Waste Management Market Prominent Players
• Waste Management Inc. (USA)
• Clean Harbors Inc. (USA)
• Veolia Environment S.A. (France)
• Hitachi Zosen Corporation (Japan)
• Remondis AG & Co. Kg (Germany)
• SUEZ Group (France)
• Biffa PLC (U.K.)
• Advanced Disposal Services Inc. (USA)
• TANA Oy (Finland)
• Envac Group (Sweden)
• Recology (USA)
• Stericycle Inc. (USA)
• Republic Services Inc. (USA)
Report Scope for Waste Management Market
Type
• Municipal Waste
• E-Waste
• Industrial Waste
• Biomedical
• Other Waste
Service
• Collection
• Processing
• Disposal
Waste Management Market Regional Segmentation
North America
o U.S.
o Canada
o Mexico
Europe
o Germany
o U.K.
o France
o Spain
o Italy
o Rest of Europe (RoE)
Asia Pacific (APAC)
o Japan
o China
o India
o South Korea
o Rest of APAC
Latin America
o Argentina
o Brazil
o Rest of Latin America
Middle East & Africa
o South Africa
o UAE
o Saudi Arabia
o Rest of MEA
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