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The global waste management market attained a value of about USD 2188.78 billion in 2020. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 5.50% to reach approximately USD 3042.68 billion by 2026.
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The waste management industry is expected to expand due to various government policies and regulations to maintain and keep control of illegal dumping that might be hazardous to the environment and to human health. There are regulations to keep a check on any hazardous waste and with proper management by the government agencies, the market will benefit over the forecast period. Businesses typically dump non-hazardous waste illegally to avoid paying exorbitant collection fees to commercial haulers.
Residents also dump to avoid paying exorbitant collection fees or because there is no other option. Construction and demolition (C&D) trash, autos, furniture, and medical wastes are among the materials dumped by the individuals, which pile up as the waste discarded in the environment. Vacant or poorly lit property, country roads, and alleys are common places for unlawful dumping. To make matters worse, dumped goods frequently attract more dumping. Government control is expected to manage the disposal of waste by industries, which is predicted to aid the growth of the waste management industry.
The activities and actions necessary to manage trash from its inception to its final disposal are referred to as waste management (or waste disposal). This comprises waste collection, transportation, treatment, and disposal, as well as waste management process monitoring and control, as well as waste-related laws, technologies, and economic systems.
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The major types of waste management are:
The market can be broadly categorised on the basis of services into:
Collection is segmented on the basis of types into collection and transportation, storage and handling, and sorting, whereas disposable is segmented on the basis of types into composting and anaerobic digestion, landfills, and recycling.
The EMR report looks into the regional markets of waste management like North America, Europe, Latin America, Asia Pacific, Middle East and Africa.
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The waste management industry is being influenced by factors, such as the increase in the world population, acceleration of rural-urban mobility, and expansion of economic affluence. Further, it is predicted that the globe will generate around 7–10 billion tonnes of solid garbage each year. Municipal solid trash accounts for 2.01 billion tonnes of this total, according to the World Bank. In the Asia Pacific region, the area is on track to double its solid waste creation from 150 million tonnes to 272 million tonnes within 10–20 years, resulting in a per capita generation of 1.14 kilogramme per day, compared to the global average of 0.74 kilogramme, as per Global Waste Management Conference. Due to the rise in the population of the world, majorly in the developing and under-developed nations, there is expected to be more waste, which will increase the demand for waste management and waste control measures, consequently aiding the growth of the waste management industry. Further, rapid industrialisation in emerging economies, such as India, Taiwan, and China, has resulted in the development of oil and gas, chemical, automobile, and medical industries, which generates a significant amount of waste and pollution. These factors are expected to augment the market growth over the forecast period.
The main constraint for the market growth is the cost put in the management of waste and in disposable activities. This might impede the market growth over the forecast period.
The report presents a detailed analysis of the following key players in the global waste management market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
|Scope of the Report||Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Service, Region|
|Breakup by Type||Municipal Waste, Industrial Waste, Hazardous Waste|
|Breakup by Service||Collection, Disposable|
|Breakup by Region||North America, Latin America, Europe, Middle East and Africa, Asia Pacific|
|Market Dynamics||SWOT, Porter's Five Forces, Key Indicators for Price and Demand|
|Competitive Landscape||Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications|
|Companies Covered||BIFFA PC, Clean Harbors, Inc., Covanta Holding Corporation, Daiseki Co. Ltd., Hitachi Zosen Corporation, Others|
|Report Price and Purchase Option||Explore our purchase options that are best suited to your resources and industry needs.|
|Delivery Format||Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.|
*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.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
7 Industry Opportunities and Challenges
8 Global Waste Management Market Analysis
8.1 Key Industry Highlights
8.2 Global Waste Management Historical Market (2017-2021)
8.3 Global Waste Management Market Forecast (2022-2027)
8.4 Global Waste Management Market by Type
8.4.1 Municipal Waste
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2017-2021)
126.96.36.199 Forecast Trend (2022-2027)
8.4.2 Industrial Waste
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2017-2021)
220.127.116.11 Forecast Trend (2022-2027)
8.4.3 Hazardous Waste
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2017-2021)
126.96.36.199 Forecast Trend (2022-2027)
8.5 Global Waste Management Market by Service
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2017-2021)
220.127.116.11 Forecast Trend (2022-2027)
18.104.22.168 Breakup by Type
22.214.171.124.1 Collection and Transportation
126.96.36.199.2 Storage and Handling
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2017-2021)
220.127.116.11 Forecast Trend (2022-2027)
18.104.22.168 Breakup by Type
22.214.171.124.3 Composting and Anaerobic Digestion
8.6 Global Waste Management Market by Region
8.6.1 Market Share
126.96.36.199 North America
188.8.131.52 Asia Pacific
184.108.40.206 Latin America
220.127.116.11 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
18.104.22.168 United States of America
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
22.214.171.124 United Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
126.96.36.199 Saudi Arabia
188.8.131.52 United Arab Emirates
184.108.40.206 South Africa
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 BIFFA PC
220.127.116.11 Company Overview
18.104.22.168 Service Portfolio
22.214.171.124 Demographic Reach and Achievements
11.2.2 Clean Harbors, Inc.
126.96.36.199 Company Overview
188.8.131.52 Service Portfolio
184.108.40.206 Demographic Reach and Achievements
11.2.3 Covanta Holding Corporation
220.127.116.11 Company Overview
18.104.22.168 Service Portfolio
22.214.171.124 Demographic Reach and Achievements
11.2.4 Daiseki Co. Ltd.
126.96.36.199 Company Overview
188.8.131.52 Service Portfolio
184.108.40.206 Demographic Reach and Achievements
11.2.5 Hitachi Zosen Corporation
220.127.116.11 Company Overview
18.104.22.168 Service Portfolio
22.214.171.124 Demographic Reach and Achievements
12 Industry Events and Developments
List of Key Figures and Tables
1. Global Waste Management Market: Key Industry Highlights, 2016 and 2026
2. Global Waste Management Historical Market: Breakup by Type (USD Billion), 2017-2021
3. Global Waste Management Market Forecast: Breakup by Type (USD Billion), 2022-2027
4. Global Waste Management Historical Market: Breakup by Service (USD Billion), 2017-2021
5. Global Waste Management Market Forecast: Breakup by Service (USD Billion), 2022-2027
6. Global Waste Management Historical Market: Breakup by Region (USD Billion), 2017-2021
7. Global Waste Management Market Forecast: Breakup by Region (USD Billion), 2022-2027
8. North America Waste Management Historical Market: Breakup by Country (USD Billion), 2017-2021
9. North America Waste Management Market Forecast: Breakup by Country (USD Billion), 2022-2027
10. Europe Waste Management Historical Market: Breakup by Country (USD Billion), 2017-2021
11. Europe Waste Management Market Forecast: Breakup by Country (USD Billion), 2022-2027
12. Asia Pacific Waste Management Historical Market: Breakup by Country (USD Billion), 2017-2021
13. Asia Pacific Waste Management Market Forecast: Breakup by Country (USD Billion), 2022-2027
14. Latin America Waste Management Historical Market: Breakup by Country (USD Billion), 2017-2021
15. Latin America Waste Management Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Middle East and Africa Waste Management Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Middle East and Africa Waste Management Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. Global Waste Management Market Structure
In 2020, the global waste management market attained a value of nearly USD 2188.78 billion.
The market is projected to grow at a CAGR of 5.50% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach USD 3042.68 billion by 2026.
The major industry drivers are globalisation, rising population, rising waste volume, and government activities and measures.
The key industry trends of waste management are disposable techniques used, and government measures that are taken to control and manage the waste.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major types of waste management in the industry are industrial waste, municipal waste, and hazardous waste.
The various services of waste management industry are disposable and collection.
The major players in the industry are BIFFA PC, Clean Harbors, Inc., Covanta Holding Corporation, Daiseki Co. Ltd., and Hitachi Zosen Corporation, among others.
The global waste management market attained a value of nearly USD 2188.78 billion in 2020, driven by the rising prevalence of wastes hazardous for the population. Aided by the growing technological advancements, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 5.50%. The market is projected to reach USD 3042.68 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the waste management industry can be segmented into municipal waste, hazardous waste, and industrial waste. On the basis of services, the market is divided into disposable and collection. The major regional markets for waste management are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include BIFFA PC, Clean Harbors Inc., Covanta Holding Corporation, Daiseki Co. Ltd., and Hitachi Zosen Corporation, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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