Waste Management Market Overview
According to a research survey conducted by ChemView Consulting, in 2022, the Global Waste Management Market was worth US$ 7,03,542.0 Mn and is expected to grow at a CAGR of 5.6% over the forecast period. While the historical CAGR is 5.4%, the market is expected to hit US$ 12,13,191.1 Mn by 2032 end.
The waste management process comprises collecting, transporting, and handling waste materials or rubbish. Municipal, industrial, and hazardous trash are reduced, reused, and recycled as part of waste management to address waste segregation.
ChemView Consulting has analyzed that the creation, introduction, maturation, growth, and eventual disposal or recycling of an electronic device are all parts of its usual life cycle. Electronic products reach the recycling stage for three reasons: they have reached the end of their useful lives, technology has advanced, or consumer demands have changed.
New electronic devices and improved versions of the current products, including laptops, mobile phones, and televisions, are produced due to rapid technological breakthroughs. Similarly, as people’s purchasing power increases, electronic devices’ shelf lives shorten. New iterations of mobile phones and other electronic items are released; the previous iterations are either discarded or sold online for recycling.
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Segments Covered in Report
By Waste Type:
- Municipal
- Industrial
- E-waste
By Service:
- Collection
- Recycling
- Landfill
- Incineration
By Type:
- Hazardous
- Non-hazardous
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Key Takeaways from the Waste Management Market
- Based on the waste type, the industrial waste sector dominated the market by over 50.0%. The principal causes of the rising industrial waste are rapid urbanization and industrialization. Industrial waste management is necessary since improper handling of this garbage can cause damage to animals and plants as well as groundwater and lake contamination.
- In 2021, Asia Pacific held the largest market share, over 48.1%. Government programs like the Swacch Bharat Abhiyan and the zero waste plans adopted by several Asia Pacific nations are anticipated to increase public awareness of trash management. The Asia Pacific market expansion is predicted to benefit from this.
Competition Summary
Key companies covered in the market study are Veolia, Cleanaway Waste Management Limited, Daiseki Co. Ltd, Waste Connections Inc, Clean Harbors, Suez, Umicore, ERI, Stericycle, Enviro-Hub group, WM Intellectual Property Holdings L.L.C, Augean Plc, Reclay Group, Others
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Report Key Highlights
- Detailed information on factors that will assist Global Waste Management’s growth during the next ten years
- Assessment of the historical and current Global Waste Management Market size (2017-2021), market projections (2022-2032), and its contribution to the parent market
- The growth of the market across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa
- Segment-wise, country-wise, and region-wise market analysis
- Key drivers, restraints, opportunities, and key emerging trends impacting market growth
- Predictions on critical supply, demand, and technological trends and changes in consumer behavior
- Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
- Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
- Covid-19 impact on the market and how to navigate
- Strategic market analysis and recommendations on crucial winning strategies
About ChemView Consulting
ChemView Consulting is a leading information, market intelligence, and business consulting firm serving worldwide Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy, and Packaging clients. 70% of the largest Forbes 1000 enterprises are our clients. We serve global clients across leading & niche market segments across Chemicals & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging. ChemView Consulting serves clients in approximately 100 countries, with its office in the U.S. and delivery centers in India.
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