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The rising globalisation has led to a rise in waste, for which waste management needs to be taken care of, boosting the demand for waste management. The Asia Pacific is among the leading regions as there is a rise in industrialisation in countries like India and China. As a result, construction and demolition waste are on the rise worldwide. Its management entails various tasks such as monitoring, collecting, transporting, recycling, and disposing of waste generated during the construction, renovation, or demolition of buildings or other infrastructure. Construction and demolition waste products, unlike residential garbage, are inert, hefty, and non-biodegradable. Because improper disposal of these materials causes GHG emissions, environmental degradation, and a decline in people's general health, building and demolition waste management procedures are becoming increasingly popular worldwide, contributing to the expansion of the waste management market.
Among the major companies is Clean Harbors Inc. (NYSE: CLH), a United States environmental services provider that will enter the Indian market with recycled motor oil as stated on Jan 13, 2021, which will help the market the company to expand further. This will provide a boost to the regional as well as in the global industry.
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The major players in the global market for waste management are BIFFA PC, Clean Harbors Inc., Covanta Holding Corporation, Daiseki Co. Ltd, and Hitachi Zosen Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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