Waste Management Market Report, Size 2021: Global Trends, Top Players Updates, Future Plans, Industry Impact and Forecast till 2027

 A comprehensive overview of the Waste Management market is recently added by UnivDatos Market Insights to its humongous database. The Waste Management market report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Waste Management market. The Waste Management market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Waste Management market at the global and regional levels. Waste Management market is expected to grow at a CAGR of X% from 2021-2027 to exceed US$ X million by 2027.

Market Overview  

Key factors influencing the growth of the waste management market are the growing population around the world, industrialization in developing economies and increased awareness about waste management and recycling around the world. With the increasing population and rapid urbanization in most countries, the waste generated all over the world is increasing. The world generated 2.01 billion tons of solid waste in 2016, this number is expected to rise by 70% by 2050 producing 3.40 billion tons of waste in that year. All this waste needs to be properly treated to avoid pollution which can lead to health and economic problems. Additionally, the increased awareness about recycling and sustainability is also encouraging governments to invest in better waste management treatments. Effective waste management include segregating different types of waste and recycling as much of it as possible. This method however is costly and remains a challenge for many developing countries to be able to afford. Effective waste management usually comprises 20-50% of the total municipal budget. This may be the main constraint on the waste management market i.e., the affordability of effective waste treatment by low- and middle-income countries.

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COVID-19 Impact

The covid-19 pandemic led to the increase in healthcare waste all over the world. It is estimated that the waste generation in Bangkok during the pandemic increase to 160 metric tons per day as compared to 26 metric tons earlier. This is a daily increase of almost 500%. The main reason for the dramatic rise in waste during the pandemic is because of the increased use of disposable personal protective equipment (PPE), such as masks. The increase in production of waste generation was not the same in different communities. However, the rate of medical and hospital waste generation increased in all communities around the world mostly due to the increase in the number of patients admitted in hospitals.

Waste Management market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By Waste Type, the market is primarily segmented into

• Municipal Solid Waste
• Hazardous Waste
• E-waste
• Plastic Waste
• Bio-medical Waste

Amongst Waste Type, the Municipal Solid Waste segment of the Waste Management market was valued at US$ X million in 2020 and is likely to reach US$ X million by 2027 and is growing at a CAGR of X% from 2021-2027.

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By Disposable Methods, the market is primarily segmented into

• Landfill
• Incineration
• Dismantling
• Recycling

Amongst Disposable Methods, Recycling segment accounted for a market valuation of US$ X million in 2020 and is expected to reach US$ X million by the year 2027, at a CAGR of X% over the analyzed period.

By End-User, the market is primarily segmented into

• Residential
• Commercial
• Industrial

Amongst End-User, the Industrial segment of the Waste Management market was valued at US$ X million in 2020 and is likely to reach US$ X million by 2027 and is growing at a CAGR of X% from 2021-2027.

Waste Management Market Geographical Segmentation Includes:

• North America
• Europe
• Asia-Pacific
• Rest of the World

Based on the estimation, the Europe region dominated the Waste Management market with almost X% revenue share in 2020. Asia-Pacific also saw the highest CAGR of X% in the forecast period due to the increasing urbanization.

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The major players targeting the market includes

• Biffa Plc
• Clean Harbors, Inc.
• Covanta Holding Corporation
• Daiseki Co., Ltd.
• Hitachi Zosen Corporation
• Remondis Se & Co. Kg
• Republic Services, Inc.
• Suez
• Veolia Environment
• Waste Management Inc.

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analysing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Waste Management market. The leading players have been analysed by using research methodologies for getting insight views on global competition.

Key questions resolved through this analytical market research report include:

• What are the latest trends, new patterns, and technological advancements in the Waste Management market?
• Which factors are influencing the Waste Management market over the forecast period?
• What are the global challenges, threats, and risks in the Waste Management market?
• Which factors are propelling and restraining the Waste Management market?
• What are the demanding global regions of the Waste Management market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?

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