About Waste Management & Remediation Services
Waste management is the procedure of treating wastes. It provides different solutions to recycle items which don’t belong to trash. It contains activities which help manage waste from its start to final removal. This contains collection, transport, treatment, & disposal of waste as well as inspection and regulation. Waste management & remediation services companies are using technologies like Internet of Things for improved management of waste as well as recycling. IoT offers solutions like route optimization & so operational analytics to dropping costs. Increasing population as well as projected economic expansion, new construction activity, all of these will lead to a rise in the amount of waste generated. Growing environmental concerns with unavoidable increase in non-hazardous waste due to rapid economic growth mainly across developing countries drive the demand for waste management & remediation services. This is likely to boost the growth of the global waste management & remediation services market over the near future.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.6% |
Competition among existing players is due to the Waste Management & Remediation Services market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Waste Management & Remediation Services Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that French, German, and United States Manufacturers will contribute the maximum growth to Global Waste Management & Remediation Services market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Waste Management Inc. (United States), Republic Services, Inc (United States), Clean Harbors, Inc. (United States), Stericycle (United States), Waste Connections of Canada (Canada), Clean Harbors, Inc. (United States), Suez Environment S.A. (France) and Advanced Disposal Services, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Veolia Environment S.A. (France) and Remondis SE & Co. Kg (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Waste Management & Remediation Services market by Type (Waste Collection, Waste Treatment And Disposal, Remediation and Material Recovery), Application (Residential, Government, Manufacturing, Retail/wholesale, Construction and Demolition and Others) and Region.
On the basis of Type, Waste Collection are dominating the market in the year 2023On the basis of geography, the market of Waste Management & Remediation Services 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). North America region held largest market share in the year 2023.
Market Growth Drivers:
High amount of waste generated, Improved economic activity and Growing adoption of recycling programs
Challenges:
Unavailability of Landfill Sites for Waste Disposal
Restraints:
Low Participation of Source Sectors to Management of Waste and Fewer number of Treatment Plants & Lack of Expertise
Opportunities:
Rising Purchase of End Product and Growing Environmental Safety Rules
Market Leaders and their expansionary development strategies
In January 2023, Building on a recent series of high-profile acquisitions, Covanta, a premier provider of environmental services for businesses and communities, announced it is adding Globalcycle and Global Remediation Services to its stable of sustainable solutions. Acquiring these regional leaders in wastewater treatment, recycling and environmental services fast-tracks Covanta's expansion into the highly regulated New England market and advances the company's leadership in sustainable materials management.
In May 2023, Minister for Housing and Urban Affairs, launched MoHUA’s mega campaign ‘Meri LiFE, Mera Swachh Shehar’, in the presence of Secretary, MoHUA, Manoj Joshi and other senior officials of MoHUA and MoEFCC.
Key Target Audience
Waste Management & Remediation Services providers, Manufacturing Industry, Retail Industry, Residential, Construction Industry, Private utility players, Government and research organizations and End users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.