Waste Management Market Scope and Growing Demands to 2030

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Waste Management Market size is estimated to be USD 369.36 billion in 2019 and is predicted to reach USD 679.63 billion by 2030.

Waste Management Market is valued around USD 367.73 Billion in 2019 and expected to reach USD 715.05 Billion by 2030 with the CAGR of 6.1% over the forecast period.

Waste management is a process which involves the collection of waste from several places & industries followed by the proper disposal which is suitable for both human & environment. These waste can be in any form, if not handled or disposed properly it can be a serious threat for humans & environment followed by long term effects. This process also involves the recycling of reusable waste such as glass, plastic and others.

Global Waste Management Market report is segmented on the basis of waste type, service and by regional. Based upon waste type, the waste management market is fragmented into municipal waste, industrial waste, and hazardous waste. On the basis of service, the market is categorized into collection and disposal. The regional bifurcation of countries includes North America, Europe, Asia-Pacific, and RoW which are further segmented into major countries such as U.S., UK, France, and others.

The waste management market is mainly driven by the constant growth in population which led to the growth in urbanization as well as industrialization. This results in the large production of waste which in turn created the demand for waste management. The stringent environment policies along with the technological advancement followed by, the constant growth in waste generation over the period of time. There has been several start-up taking place in the market along with innovation followed by the resource recovery. In addition, growing environmental concerns as well as presence of developed infrastructure accompanied by hazardous effects on health is also expected to fuel the market growth. On the other hand, constant growth in consumer awareness followed by the government initiatives is also likely to propel the market growth. However, poor waste management along with mishandling of waste in developing economies may impede the market growth in the near future.

Complete report is available at https://www.nextmsc.com/report/waste-management-market

The developed regions such as North America and Europe are expected to hold the major market share owing to the presence of developed infrastructure along with the technological advancement followed by the innovation. Asia Pacific is expected to dominate the waste management market in terms of growth rate owing to the surge in population followed by urbanization & industrialization. In addition, growing awareness among people as well as rising government initiatives along with stringent environmental policies are also expected to fuel the market growth.

The major market players profiled in the waste management market includes Biffa Group, Advanced Disposal Services, Covanta Holding Corporation, Clean Harbors, Inc., Hitachi Zosen Corporation, Daiseki Co. Ltd., Suez Environment S.A., Remondis AG & Co. Kg, Waste Management Inc. and Veolia Environment S.A among others.

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Submitted: May 11, 2020

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