Waste Management service Market Scope
Waste management services are one of the services which booming in the market as there is a high demand for Eco-friendly as well as an environment-friendly culture on the globe. Waste management service includes the collection, transport, treatment and disposal of waste together with monitoring and regulation. The various end-use industries like Oil and Gas, Agriculture, Electronics, Automobile, etc using these services on a large scale to optimize their waste and monitor it properly.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Clean Harbors, Inc (United States), Daiseki Co. Ltd (Japan), Waste Management Inc (United States), Suez Environment S.A (India), Veolia Environment S.A (France), Covanta (United States), Remondis AG & Co. Kg (Germany), Biffa Group (United Kingdom), Hitachi Zosen Corporation (Japan), Amec Foster Wheeler (United Kingdom), Xcel Energy (United States), Recology (United States), Keppel Segher (Belgium) and Plasco Conversions (Canada) |
CAGR | % |
The increasing demand for Eco-Friendly culture is one of the factors on which almost every country working for their waste management and above given top firms are helping hand for such initiative program for giving good life experience to people living in their respective countries. The top leading firms, also enhancing their services by using various technological tools to get better productivity. There is perfect competition between top leading firms as they are giving a variety of services to their customers. Also, the reliable option of mergers and acquisitions will be a key factor to change business strategies in the market.
Clean Harbors, Inc (United States), Daiseki Co. Ltd (Japan), Waste Management Inc (United States), Suez Environment S.A (India), Veolia Environment S.A (France), Covanta (United States), Remondis AG & Co. Kg (Germany), Biffa Group (United Kingdom), Hitachi Zosen Corporation (Japan), Amec Foster Wheeler (United Kingdom), Xcel Energy (United States), Recology (United States), Keppel Segher (Belgium) and Plasco Conversions (Canada) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Waste Management service market by Type , by Application (Reduction and Reuse, Animal Feeding, Composting and Manure, Fermentation, Landfills and Incineration and Land Application) and Region with country level break-up.
On the basis of geography, the market of Waste Management service has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In September 2021, Waste Connections acquired E.L. Harvey & Sons Inc., a waste management services provider in the United States. Harvey provides solid waste collection, recycling, and transfer services to commercial, industrial, municipal, and residential. With this acquisition, the main aim of Waste Connections is to expand its market position.
In June 2023, Keter Environmental Services, a recycling and waste management company signed an agreement to merge with Waste Harmonics, a technology-enabled managed waste service provider. The merger will allow both companies to provide services to nearly 70,000 business locations for 750 customers across a wide range of industries.
The US EPA that is the United States Environmental Protection Agency regulates waste management under the Resource Conservation and Recovery Act (RCRA). Further laws are defined according to hazardous waste, household hazardous waste and, non-hazardous waste, etc.
Influencing Trend:
Growing Demand For Hygiene Due To Emerging New Disease and Increasing demand for Eco-Friendly culture
Market Growth Drivers:
Growing Overall Population and Growing Promotion Foe Waste Management Via Social Media As Well Through Celebrity Medium
Challenges:
Developing And Under Developed Countries Lack Or Have Limited Recycling Activities
Restraints:
High Operation Costs Of Traditional Waste Collection
Opportunities:
Growing Awareness About Waste Management Services And Emerging New Technologies
Key Target Audience
Waste management services Providers, Waste management services Consultant and Organization, Distributors/Traders/Wholesalers Government sector, Sub-component Manufacturers, Regulatory Bodies, End-Use Industries and Non-profit organization