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Global Waste Management Market Expected to Grow at a CAGR of 5.50% During 2022-2027, Driven by the Rising Urbanisation

According to a new report by EMR titled, ‘Global Waste Management Market Report and Forecast 2022-2027’, the market attained a value of about USD 2,188.78 billion in 2020. The industry is further expected to grow at a CAGR of 5.50% in the forecast period of 2022-2027.

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.

Market Analysis by Type, Services, and Region:

  • The market, based on type, can be divided into industrial waste, municipal waste, and hazardous waste.
  • Based on services, the industry can be divided into disposable and collection. Disposable can be further divided into landfills, recycling, composting and anaerobic digestion. Collection can be further divided into collection and transportation, storage and handling, sorting.
  • The regional markets for waste management include North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

Key Findings of the Report:

  • With government regulations and measures to control waste management, the market for waste management has expanded.
  • As there is a rise in the population and globalisation, the waste volume is expanding and catering to the market for waste management.
  • With awareness among the population, there have been measures to control waste on an individual level, which has led to a rise in the waste management market.
  • With better facilities in the market and technological innovation to manage waste, the industry has been growing.

Key Offerings of the Report:

  • The EMR report gives an overview of the global waste management market for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) market for types, services, and regions of waste management.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

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.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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