The global waste management market size was worth $331.2 billion in 2018, and is expected to reach $532.0 billion by 2026, growing at a CAGR of 6.3% from 2019 to 2026. In 2018, Europe dominated the global market, in terms of revenue, accounting for about 39.6% share of the global waste management market, followed by North America.
Increase in environmental awareness, rapid industrialization, surge in population, and rise in urbanization foster the growth of the global waste management market. In addition, implementation of stringent government norms toward open dumping is expected to fuel the market growth. The other key factors that boost the growth of the waste management market include growth in adoption of recycling techniques and development of innovative technologies and advanced waste collection solutions to enhance collection processes.
The report analyzes and forecasts the waste management market at global and regional levels. The market has been forecast based on volume (Tons) and value (US$ Mn) from 2019 to 2026. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report comprises a detailed value chain analysis, which provides a comprehensive view of the global waste management market. The Porter’s Five Forces model has also been included to help understand the competitive landscape of the market. The study encompasses market attractiveness analysis, wherein various applications have been benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the waste management market by segmenting it in terms of form and application. The segment has been analyzed based on the present and future trends. Regional segmentation includes the current and projected demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report provides size (in terms of volume and value) of waste management market for the base year 2018 and the forecast between 2019 and 2026. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
Competitive analysis and profiles of the major waste management market players, such as CLEAN HARBORS, INC., Daiseki Co. Ltd., Waste Management Inc., Suez Environment S.A., Advanced Disposal Services, Veolia Environment S.A, Covanta, Remondis AG & Co. Kg, Biffa Group, and Hitachi Zosen Corporation, are provided in this report. The key strategies adopted by these players from 2015 to 2018 were product launch, acquisition, partnership, business expansion, and collaboration. For instance, Veolia, one of the leading waste management service providers, collaborated with Tetra Pak in November 2018 for recycling used beverage cartons collected within the European Union.
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.
Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.
The study objectives of this report are: