Waste Management Market to 2025 - Regional Analysis and Forecasts by Product, Technology and End-User

Waste management is the process of collecting, transporting, disposing, or recycling, and monitoring of waste. Rise in environmental concerns along with inevitable increase in nonhazardous waste, owing to rapid economic growth across developing nations drive the demand for waste management services.

Allied Market Research recently published a report, titled, "Waste Management Market: Global Opportunity Analysis and Industry Forecast, 2018-2025". According to the report, the global waste management market was pegged at $303.6 billion by 2025 and is expected to reach $484.9 billion by 2025, registering CAGR of 6.0% from 2018 to 2025.

Clean Harbors, Inc., Waste Management Inc., Suez Environment S.A., and Advanced Disposal Services are the major product & service providers to various end-user industries across the globe. The global waste management market is projected to exhibit a notable growth by 2025.

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Key Findings of the Waste Management Market:

o The municipal waste segment generated the highest revenue in 2017, and is projected to grow at a CAGR of 5.8% during the forecast period.
o The disposal services sector is expected to grow at a significant CAGR of 6.9% during the forecast period.
o Germany is the major shareholder in the European market, accounting for more than 29% of waste management market share in 2017.

Europe accounted for the highest share in the waste management industry in 2017, accounting for more than 39% share, and is expected to maintain its dominance throughout the forecast period, owing to existence of well-developed infrastructure and presence of various end-user industries in the region.

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Furthermore, uncollected waste and dumping are impacting on health directly or directly, which is expected to increase demand for waste management services. However, lack of awareness in developing countries and dearth of investments in solid waste management framework impede the waste management market growth. The impact of the driving factors is expected to surpass that of the restraints; hence, the market is projected to grow at a CAGR of 6.0% from 2018 to 2025.

The major market players are included in the report, such as Advanced Disposal Services, Clean Harbors, Inc., Daiseki Co. Ltd., Remondis AG & Co. Kg, Suez Environment S.A., Biffa Group, Covanta Holding Corporation, Hitachi Zosen Corporation, Veolia Environment S.A., and Waste Management Inc.

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