The GMI Research’s latest analysis reveals that the Waste Management Market is slated to register a higher CAGR over the forecast period. This is attributed to the increasing population rate, growing industrialization, rising environmental awareness, rapid urbanization, and the introduction of environment-friendly methods that include work from home, less paper, and conference calls.
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Waste Management Market’s leading Manufacturers:
- Advanced Disposal Services, Inc
- Biffa Group Ltd
- Clean Harbors, Inc.
- Covanta Holding Corporation
- Daiseki Co. Ltd
- Hitachi Zosen Corporation
- Remondis SE & Co. KG
- Veolia Environnement S.A.
- Suez Environment S.A.
- WM Intellectual Property Holdings, L.L.C.
Waste Management Market Dynamics (including market size, share, trends, growth, forecast, and industry analysis)
Key Drivers
The increasing population rate, growing industrialization, rising environmental awareness, and rapid urbanization at a global level are the key drivers contributing to the growth of the waste management market size. The emission of greenhouse gases has increased significantly after the industrial revolution. The rising use of various modes of media to increase environmental awareness among people, including water and air pollution, negative implication of the use of polythene and plastics, global warming, overutilization of fertilizers, and conservation of fuel and energy resources will further propel the growth of the waste management market share in terms of revenue. As per the waste management market report, the introduction of environment-friendly methods that include work from home, use of less paper, conference calls, planting trees, the usage of low power appliances, and proper waste management across global players will further bolster the demand of the market during the forecast period. Various waste removal giants have started utilizing eco-friendly waste disposal services, which will further reduce the intensity of the greenhouse effect and aid in bringing a cleaner and greener environment. According to the waste management market overview, the increasing environmental awareness is energizing the growth of the global waste management market.
Waste Segment Drivers
Based on waste, the market is segmented into industrial, municipal, and hazardous. Industrial waste is predicted to rise at a faster CAGR in the coming years. Handling industrial waste and improper disposal is growing the cases of severe medical conditions among humans staying in local areas. Thereby, a rise in industrialization needs better waste treatment which will further fuel the growth of the market.
Service Segment Drivers
Based on service, the market is segmented into collection and disposal. The collection is expected to dominate the market as it contains garbage trucks, wherein garbage is assembled from various offices or houses and managed properly. This service aids people in saving time, which will use in managing waste, and aids in keeping the home and working environment clean and safe. Such advantages of the service are accelerating the growth of the market.
Waste Management Market Segmentation:
Segmentation by Waste:
- Municipal Waste
- Industrial Waste
- Hazardous Waste
Segmentation by Service:
- Collection
- Disposal
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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