Waste Management Market Growth Rate, Gross Margin, Competitive Situation and Trends, Forecast To 2025
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.
Europe accounted for the highest market share in the waste management market in 2017, and is expected to maintain its dominance throughout the forecast period, owing to technological leadership and implementation of stringent government regulations toward waste management in the region.
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However, Asia-Pacific is expected to emerge as a lucrative area with maximum growth potential, owing to the rapidly developing industrial infrastructure and rise in awareness among consumers and companies regarding waste management.
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.
o Waste management market analysis is conducted by following key product positioning and monitoring of the top competitors within the market framework.
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The major players profiled in the report include Advanced Disposal Services, Biffa Group, Clean Harbors, Inc., Covanta Holding Corporation, Daiseki Co. Ltd., Hitachi Zosen Corporation, Remondis AG & Co. Kg, Suez Environment S.A., Veolia Environment S.A., Waste Management Inc. The parameters considered for the representation are geographical outreach, key strategies adopted, and their focus on the waste management segment offerings for residential and nonresidential sectors.
The emerging regions of Asia-Pacific, such as India and South Korea, are expected to witness maximum growth in the waste management market. This is attributed to factors such as rapid industrial development and emergence of new recycling techniques.
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