Global Waste Management Market

Global Waste Management Market Size, Share, Growth Analysis, By Waste Type(Hazardous Waste, E-waste), By Service Type(Collection, Open Dumping), By End-User(Residential, Commercial) - Industry Forecast 2024-2031

Report ID: SQMIG15A2139 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 95 | Figures: 76

Global Waste Management Market Regional Insights

North America dominated the global market as a result of government regulations mandating waste management in a number of industries and infrastructure improvements. The Resource Conservation and Recovery Act and the Waste Shipment Regulation are anticipated to have a big impact on the market. These rules are intended to enhance the service.

Asia-Pacific holds the largest market share and a dominant position in the waste management sector. Throughout Asia Pacific, it is expected that as more people move from rural to urban regions, the production of solid waste will increase quickly. Through the migration of rural residents to urban regions and the development of towns into cities, industrialization has increased urbanization in the Asia Pacific region. Customers in the Asia-Pacific region have more money to spend thanks to the region's constant economic growth, which has ultimately led to an increase in the demand for waste management services. The waste management industry in this region has been greatly affected by the growing awareness of the harmful environmental effects of non-ecofriendly packaging, such as plastic packaging and other plastic product components.

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Global Waste Management Market size was valued at USD 889.58 billion in 2019 and is poised to grow from USD 938.25 billion in 2023 to USD 1329.61 billion by 2031, growing at a CAGR of 5.4% in the forecast period (2024-2031).

The major competitors in the market offer services for waste collection, transportation, and disposal by integration throughout the supply chain. As a result, operational costs are optimized, profit margins are raised, and the companies are capable of capturing a large share of the market. 'Waste Management Inc.', 'Veolia Environnement S.A.', 'SUEZ Environment S.A.', 'Republic Services, Inc.', 'Clean Harbors, Inc.', 'Waste Connections, Inc.', 'Stericycle, Inc.', 'Biffa Group Limited', 'Remondis AG & Co. Kg', 'Advanced Disposal Services, Inc.', 'Casella Waste Systems, Inc.', 'Covanta Holding Corporation', 'FCC Environment', 'Waste Industries', 'Renewi plc', 'Progressive Waste Solutions Ltd.', 'Hitachi Zosen Corporation', 'China Everbright International Limited', 'Newater Technology, Inc.', 'GFL Environmental Inc.'

Governments all over the world are taking positive steps to collect, transport, and recycle waste, so demand for waste management solutions is expected to increase.

The management of construction and demolition waste involves a variety of tasks, including monitoring, collecting, transporting, recycling, and disposing of the waste produced during the construction, refurbishment, or demolition of structures or other infrastructure. During construction activities, it aids in the reduction and reuse waste materials including concrete, dirt, wood, glass, plastic, cardboard, and metal. Construction and demolition waste are inert, heavy, and non-biodegradable waste, in contrast to residential waste. So, before these materials can be reused or decomposed, regulatory authorities want commercial facilities for sorting, processing, and filtering these. Global demand for construction and demolition waste management has been driven by an increase in construction and demolition activity.

North America dominated the global market as a result of government regulations mandating waste management in a number of industries and infrastructure improvements. The Resource Conservation and Recovery Act and the Waste Shipment Regulation are anticipated to have a big impact on the market. These rules are intended to enhance the service.

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