Waste Management Market Size, Share, Growth, Sales Revenue and Key Drivers Analysis Research Report by 2028

The global waste management market size is expected to reach USD 3,225.72 Billion in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to rising concerns regarding waste management across the world, rapid urbanization, economic development, and increasing global population. Steady and increasing generation of vast volumes of waste is driving urgent need for more effective and efficient waste management facilities and solutions. Rising volumes of hazardous chemical wastes generated by healthcare, pharmaceuticals, and manufacturing industries is expected to boost utilization of waste management facilities to minimize environmental degradation during the forecast period. Improper treatment of municipal waste is contaminating oceans, transmitting diseases, clogging drains, causing flooding, and resulting in increasing respiratory problems from burning.

Untreated manufacturing wastewater introduces toxic heavy metals into the environment or leads to an explosion of oxygen-depleting algae, which eventually kills marine life and potentially harm plants and animals throughout the food chain. Rising levels of greenhouse gases generated from solid waste is a key contributor to climate change. These factors are contributing to increasing need to adopt more effective and proper waste management solutions to achieve sustainable development goals. Limited availability of landfill sites in overpopulated countries coupled with growing initiatives to minimize the use of landfills due to negative impact on the environment and to overall human, animal, and plant health are key factors boosting the need for effective waste recycling.

The Global Waste Management Market Research Report published by Emergen Research has been formulated by analysis of key business details and extensive geographical spread of the Waste Management industry. The study offers comprehensive coverage of the qualitative and quantitative analysis of the Waste Management market along with crucial statistical data about the Waste Management market.

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Factors influencing the growth of the Waste Management market and impacting the growth of the industry are studied extensively in the report. The report considers the COVID-19 pandemic as one of the key influencing factors of the Waste Management market. The report discusses in detail the positive and negative impact of the pandemic on the Waste Management industry. The supply chain disruptions and economic volatility have altered the dynamics of the Waste Management industry.

Market Overview:

The research report on the Waste Management market is formulated through extensive primary and secondary research along with qualitative and quantitative analysis of vital aspects of the market. The insightful data is further validated and verified by the industry professionals. The report strives to offer deeper insights into the overall market scenario of the Waste Management business sphere.

Segmental Analysis

The global Waste Management market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Waste Management sector in a strategic manner. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.

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Some Key Highlights from the Report

In September 2020, SUEZ and PreZero, which is the environmental division of Schwarz Group, announced that they entered into a Memorandum Of Understanding (MoU) to explore possibilities in order to establish strategic partnerships, which would promote innovative solutions related to waste management. The partnership is expected to accelerate the development of the circular economy in Europe.
Industrial waste segment accounted for largest revenue share in 2020. Rising volumes of hazardous chemical wastes generated by healthcare, pharmaceuticals, and manufacturing industries is driving the need for waste management facilities among industries to minimize environmental degradation and adverse effects on human health.
Disposable service segment revenue is expected to expand at a rapid CAGR during the forecast period. Increasing initiatives by governments regarding safe disposal of industrial and municipal waste is driving demand for disposal services.

Key players in the market include Biffa Group, Clean Harbors, Inc., Covanta Holding Corporation, Daiseki Co., Ltd., Hitachi Zosen Corporation, REMONDIS SE Co. KG, Suez Environment S.A., Veolia Environnement S.A., Waste Management, Inc., and Republic Services, Inc.

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Emergen Research has segmented the global waste management market on the basis of type, service, and region:

Type Outlook (Revenue, USD Billion; 2018–2028)
- Industrial Waste
- Municipal Waste
- Hazardous Waste
- Bio-medical waste
Service Outlook (Revenue, USD Billion; 2018–2028)
- Collection Service
  1. Collection transportation
  2. Storage handling
  3. Sorting
- Disposable Service
  1. Landfills
  2. Recycling
  3. Composting Anaerobic digestion
- Regional Outlook (Revenue, USD Billion; 2018–2028)
  - North America
    1. S.
    2. Canada
    3. Mexico
  - Europe
    1. Germany
    2. France
    3. K.
    4. BENELUX
    5. Italy
    6. Spain
    7. Ireland
    8. Rest of Europe
  - Asia Pacific
    1. China
    2. Japan
    3. South Korea
    4. India
    5. Rest of APAC
  - Latin America
    1. Brazil
    2. Rest of LATAM
  - Middle East Africa
    1. Saudi Arabia
    2. UAE
    3. South Africa
    4. Rest of MEA