Global Waste Management Market - 2021-2028
発行: DataM Intelligence
ページ情報: 英文 207 Pages
The Global Waste Management Market is expected to grow at a high CAGR during the forecasting period (2021-2028).
Waste management (or waste disposal) includes the activities and actions required to manage waste from its inception to its final disposal. This includes the collection, transport, treatment and disposal of waste, together with monitoring and regulation of the waste management process and waste-related laws, technologies, economic mechanisms. It includes treating the solid waste and disposing unwanted products and substances in a safe and efficient manner. The growth of the global market is mainly propelled by proactive government measures to reduce illegal dumping. Moreover, the surge in population coupled with a rise in globalization has resulted in an increase in the overall waste volume, worldwide.
Rapidly growing economies, urbanization and the increasing population have led (materially intensive) to an increase in the resource consumption, and consequently the release of large amounts of waste into the environment. Observing from a global perspective, current waste and resource management lacks a holistic approach which covers the whole chain of product design, raw material extraction, production, consumption, recycling and waste management.
Increasing challenges to effectively manage waste disposal are spurring the demand for waste management services and augmenting the market growth review the forrecast period. Growing purchasing power of consumers along with surge in urbanisation which increases the frequency of disposing usable products and in turn increasing the amount of wastage at an individual level. Increasing amount of waste generation majorly contribute in pollution and increasing awareness related to clean environment at individual and regional levels are playing a role of macro factor in growth of the global waste management market. At industrial level, increasing amount of hazardous wastes from different sectors such as healthcare, pharmaceutical and manufacturing is anticipated to boost the overall market growth over the forecast period.
Unplanned waste dumping is highly responsible for increasing air, water and soil pollution over the past years. Environmental awareness has substantially fuelled the demand for waste management in developed countries and is incorporating rapidly in developing countries. Waste management systems offer treatment solutions in different manner for category of organic and non-organic wastes. Under efficient waste management, nuclear wastes, liquid and plastic metal wastes, e-wastes and dispose solid along with other hazardous wastes are specially treated to decompose with various safety procedures.
The increase in industrialization in the emerging economies, such as India, China, and Taiwan, has led to the development of chemical, oil & gas, automobile, and medical industries, which generate enormous amount of waste and cause pollution. This led to the increase in the demand for waste management market.
Rising surge in population and increased globalization have led to rise in the overall waste volume, worldwide. The urban population produced tons of Services (MSW) which led to the increase in demand for waste management market. Increase in population will further create more waste.
Due to lockdown, owing to COVID-19, the waste production drastically declined from industries and commercial sector as industries and offices were partially or completely shut down. However, the municipal waste increased from residential areas. Further, due to decline in manufacturing operations of new goods, led to fall in demand for recyclable material such as rubber and plastic. This has led to an increase in disposal of waste in landfills and temporary dumps for recyclable material such as rubber and plastics, which was earlier sent by municipalities to waste recycling facilities. However, reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to lead to re-initiation of waste management companies and waste recycle industry at their full-scale capacities.
Based on the waste type , the global waste management market has been classified as- Industrial waste, muncipal solid waste, E-waste and others.
Rise in industrilization in few countries led to a surge in the demand for industries like oil & gas, automobile, medical, chemical industries and others. Therefore it has led to an increase in the demand for waste management market as these sectors generate high amount of waste. Industries are focusing more on waste management market in-order to reduce costs and increase their profitability. Increasing energy needs and growth in production activities have led to sound growth in this sector. Various organizations are increasingly funding development of waste management systems worldwide.
Based on the services, the global waste management market has been classified as- collection services and disposable services.
The disposal segment led the market in terms of revenue. The disposable services segment is segregated into landfills, recycling, compositing & anaerobic digestion, and others which is now high in demand. As industries are focusing more on those raw materials that can be either easily disposed or recycled or reused. As of now, most of the developed nations are making significant efforts to raise investments across the recycling & composting/AD industry. However various low-income countries are still relying on conventional landfill and incineration methods to effectively dispose of solid wastes.
Respective governments have introduced multiple regulations & legislation pertaining to the effective disposal of solid wastes. However, the adoption of stringent regulations aimed at enhancing sustainability has diverted the waste disposal industry trends toward sustainable practices including recycling and anaerobic digestion.
Based on geography, the study analyzes the global waste management market in the global market, including Europe, Asia-Pacific, North America, South America, and the Middle East & Africa.
Asia-Pacific is witnessed to dominate the global waste management market in terms of revenue share. Due to dense population, presence of a robust manufacturing sector, and increasing consumer spending have made Asia Pacific one of the major contributors of solid waste across the globe. As a result, the existing waste collection & treatment facilities have been choked owing to presence of a high population per square mile complemented by the ongoing industrial sector development.
Global Waste Management Market is highly competitive. The key players in global waste management market which are contributing to the growth of the global market include Biffa Group, Clean Harbors, Inc., Covanta Holding Corporation, Daiseki Co. Ltd., Hitachi Zosen Corporation, Remondis AG & Co. Kg, Suez Environment S.A., Veolia Environment S.A., Waste Management Inc.
The Global Waste Management Market report would provide access to an approx. 45 market data table, 41 figures and 180 pages.