Waste Management Market SWOT Analysis by Future Insights | 2018-2025 | Advanced Disposal Services, Biffa Group, Clean Harbors, Inc., Covanta Holding Corporation, Daiseki

According to a new report published by Allied Market Research, titled, "Waste Management Market by Waste Type and Service: Global Opportunity Analysis and Industry Forecast, 2018-2025,"

The global waste management market size accounted for $330.6 billion in 2017, and is expected to reach $530.0 billion by 2025, growing at a CAGR of 6.0% from 2018 to 2025. In 2018, Europe dominated the global market, in terms of revenue, accounting for about 39.0% share of the global waste management market, followed by North America.

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Based on waste type, the waste management market is bifurcated into municipal waste, industrial waste, and hazardous waste. Municipal solid waste is expected to reach $261.0 billion by 2025, growing at a CAGR of 5.8% during the forecast period. Based on services, the market is classified into collection and disposal services, among which disposal service segment is expected to secure highest market share and it is anticipated to witness higher growth rate during the forecast period.

Based on geography, the market is divided into Asia-Pacific, LAMEA, Europe, and North America. Europe region held the largest share in 2017, contributing about one-third of the market share. However, the Asia-Pacific region is expected to grow at the fastest CAGR of 6.6% through 2025.

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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. These players focus on expanding their business operations in emerging countries by adopting various strategies, such as acquisitions and contracts/agreements.

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. Furthermore, emerging economies in Asia-Pacific and LAMEA have focused on adopting solid waste management solutions, which is expected to spread awareness and increase utility of these systems in the near future.

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