Meticulous Research® has published a comprehensive report titled, ‘Waste Management Market by Waste Type (Hazardous Waste, Industrial Waste, E-waste), Waste Management Method (Landfilling, Recycling, Incineration), and Source (Residential, Commercial, Municipal, and Industrial) – Global Forecast to 2030.’ The report reveals that the global waste management market is on track to reach $703.9 billion by 2030, growing at a CAGR of 4.9% during the forecast period.
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This market’s expansion is primarily fueled by strict government policies on waste management, rising environmental awareness among consumers, and the growing use of smart waste management technologies. Moreover, technological innovations in waste management solutions and specific initiatives targeting e-waste management are expected to offer substantial growth opportunities.
Nonetheless, the market’s growth is constrained by the need for large capital investments. The lack of proper disposal systems in ASEAN markets and the high costs associated with recycling electronic devices pose additional challenges. However, trends like advancements in waste-to-energy technologies and the adoption of intelligent waste management solutions are expected to drive future market growth.
The waste management market is divided into segments based on waste type, waste management method, and source, with detailed evaluations of industry competitors and market dynamics at regional and national levels.
Segmentation by Waste Type:
The waste type segment includes hazardous waste, industrial waste, municipal solid waste, e-waste, plastic waste, biomedical waste, and other waste types. Hazardous waste is projected to account for the largest share of the global waste management market in 2024. The segment’s growth is driven by population increases, the subsequent rise in goods and services demand, and the growth in chemical product trade. Additional factors include the increased use of oils, pesticides, and the growing presence of hazardous materials in household waste.
Segmentation by Waste Management Method:
The market is segmented by waste management method into landfilling, recycling, incineration, biological reprocessing, waste-to-energy, and other methods. Landfilling is expected to dominate the market by 2024, largely due to increased awareness of waste disposal practices and the benefits of landfilling, such as environmentally managed facilities that prevent contamination. The use of on-site environmental monitoring systems and strategic landfill placement are also critical factors contributing to the segment’s growth.
Segmentation by Source:
Based on the source, the market is segmented into residential, commercial, municipal, and industrial sectors. The industrial segment is further sub-segmented into various industries, including food & beverage, automotive, semiconductor & electronics, BFSI, aerospace &defense, machinery & metal, pharmaceutical, and others. The residential segment is anticipated to hold the largest market share in 2024, driven by population growth, urban and rural development, changing lifestyles, and evolving household consumption patterns.
Geographical Insights:
The geographical segmentation includes North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to lead the waste management market in 2024, followed by North America, Europe, Latin America, and the Middle East & Africa. Asia-Pacific’s significant market share is attributed to the rapid technological advancements in waste management and government initiatives focused on achieving zero waste in several countries within the region. These factors are expected to enhance awareness and drive market growth in Asia-Pacific.
Key Players:
The key players operating in the waste management market are Advanced Disposal Services, Inc. (U.S.), Biffa Group (U.K.), Clean Harbors, Inc. (U.S.), Covanta Holding Corporation (U.S.), Hitachi Zosen Corporation (Japan), Remondis AG & Co. Kg (Germany), Suez Environment S.A (France), Veolia Environment S.A (France), Waste Management Inc. (U.S.), Republic Services, Inc. (U.S.), Waste Connections, Inc. (U.S.), GFL Environmental Inc. (U.S.), Stericycle, Inc. (U.S.), Casella Waste Systems, Inc. (U.S.), and Bingo Industries Limited (Australia).
To gain more insights into the market with a detailed table of content and figures, click here:https://www.meticulousresearch.com/product/waste-management-market-5583
Key questions answered in the report-
- Which are the high-growth market segments based on waste type, waste management method, source, and geography?
- What was the historical market for the waste management market?
- What are the market forecasts and estimates for the period 2024–2030?
- What are the major drivers, restraints, opportunities, challenges, and trends in the waste management market?
- Who are the major players, and what shares do they hold in the waste management market?
- How is the competitive landscape in the waste management market?
- What are the recent developments in the waste management market?
- What strategies are adopted by the major players in the waste management market?
- What are the key geographic trends, and which are the high-growth countries?
- Who are the local emerging players in the global waste management market, and how do they compete with the other players?
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