Waste Management Market is predicted to reach USD 715.0 billion by 2030, witnessing a CAGR of 6.1%

The Global Waste Management Market size was valued to USD 394.1 billion in 2020, and is predicted to reach USD 715.0 billion by 2030, witnessing a CAGR of 6.1% from 2021-2030.

Waste management is the handling of waste from its generation point to its final disposal. It involves collection, transport, treatment, as well as disposal of waste, along with monitoring and regulation of waste management process. The waste management techniques differ for solid, liquid, and gaseous wastes. Besides, waste management practices are not uniform for domestic waste, industrial waste, and biological waste. The global waste management market is projected to garner a notable revenue by the year 2030.

Access Full Description of this report at:-

https://www.nextmsc.com/report/waste-management-market

Competitive Landscape

The waste management market, which is highly competitive, consists of various market players. Some of the major market players are Biffa Group, Advanced Disposal Services, Covanta Holding Corporation, Clean Harbors, Inc., Hitachi Zosen Corporation, Daiseki Co. Ltd., Suez Environment S.A., Remondis AG & Co. Kg, Waste Management Inc., and Veolia Environment S.A. among others.

The past endeavors and futuristic advancements, sum-up to comprehend the growth of the overall waste management market.

For instance, in January 2020, Biffa, the leading UK recycler and waste management provider, introduced its new £27.5m1 state of the art PET plastic bottle recycling facility in Seaham, County Durham.

Market Dynamics and Trends

The constantly multiplying population, leading to growing demand for commodities and the consequent generation of waste, are propelling the growth of global waste management market. Furthermore, factors such as rapid urbanization, industrialization, economic evolution, higher standards of living, rising concerns of health hazards, and the raising awareness towards sustainable development are to supplement the market growth over the forecast period.

However, uncollected waste and its dumping tend to pose health hazards directly or indirectly. Also, insufficient facilities and lack of awareness in the developing countries regarding dumping, handling, transportation, and treatment, of waste are expected to hamper the growth of global waste management market during the forecast period.

Moreover, factors such as stringent regulatory policies for environment protection, increasing initiatives by public-private authorities to promote awareness, rising government concerns for proper waste management, and investments in waste treatment plants are to create lucrative opportunities in the global waste management market in coming future.

Request sample copy of this report at:-

https://www.nextmsc.com/waste-management-market/request-sample

Market Segmentations and Scope of the Study:

The global waste management market share analysis is based on waste type, service, and geography.

Based on waste type, the market is segmented into Municipal Waste, Industrial Waste, and Hazardous Waste. Based on service, the market is divided into collection and disposal. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

Europe is expected to dominate the global waste management market share during the forecast period, owing to adoption of advanced waste management technologies by management services as well as government initiatives leading to sustainable development.

North America is anticipated to maintain its market share owing to the increased adoption of waste management system. Besides, technological advancement, presence of developed infrastructure, and stringent environmental policies are likely to support the growth of waste management market in this region.

Asia Pacific is expected to show rapid growth with constantly developing market share owing to growing population and rapid urbanization. Supplementing the market growth in this region are the government initiatives and awareness campaigns by the public-private authorities for proper waste management; for instance the Swachh Bharat Abhiyan, cleanliness mission initiated by the government of India, are expected to fuel-up the growth chart in the future.

Contact:
Phone Number: +1-217-650-7991
E-mail: info@nextmsc.com

About Next Move Strategy Consulting:

Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.

We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solution that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.

For more insights, please visit, https://www.nextmsc.com

This release was published on openPR.