Waste management is the collection, transportation, and disposal of garbage, sewage, and other waste products. It includes treating solid waste and disposing of unwanted products and substances safely and efficiently.
The global Waste Management market is expected to rise at a significant rate in the forthcoming years due to proactive government measures to reduce illegal dumping. Additionally, the rise in population and increase in globalization has led to an increase in the overall waste volume, worldwide. Moreover, a surge in industrialization in developing countries, such as India, China has led to the development of chemical, oil & gas, automobile, and medical industries, which produces a huge amount of waste and causes pollution. These factors are anticipated to escalate the growth of the global Waste Management market.
On the contrary, the high cost of procuring and operating waste management solutions is expected to hamper the growth of the global Waste Management market. Besides this, an increase in awareness among public and government agencies about these solutions and a surge in the need to develop waste-to-energy solutions are anticipated to provide profitable growth opportunities for market players throughout the forecast period.
Covid-19 Impact on Waste Management Market
As around one-third of the global population is staying indoors owing to nationwide lockdown, stay-at-home orders, and restrictions on movement, the energy demand has sharply dipped. By the end of 2020, approximately, a decline in 5% of the energy demand was been recorded. Also, waning in corresponding gas and oil demands of 4% and 9%, respectively were registered in 2020. Currently, the energy market is at a historic low with surplus supplies. However, the situation is expected to ease up with a lift in lockdown restrictions and end-use industries start operating with great efficiencies.
Waste Management Market Segment Overview
According to Waste Type, the e-waste segment is estimated to be the largest contributor in the waste management market during the forecast period. E-waste contains electrically powered component waste. They include appliances such as computers, consumer electronics, and refrigerators. E-waste is a mixture of useful and hazardous materials that demand careful handling and recycling of materials. Therefore, e-waste management has gained importance worldwide to secure the environment from the adverse effects of the materials such as lead and plastics. In addition to this, the recycled material is used to make next-generation goods. The growth of this segment is mainly attributed to rapid urbanization, transforming urban mobility, and increased need to reduce carbon emissions.
Waste Management Market, By Waste Type
· Hazardous Waste
· e-waste
· Plastic Waste
· Bio-medical Waste
· Others
Waste Management Market, By Service Type
· Open Dumping
· Incineration/Combustion
· Landfill
· Recycling
· Composting & Anaerobic Digestion
Waste Management Market, By End-User
· Residential
· Commercial
· Industrial
Waste Management Regional Overview
In terms of region, Asia Pacific held the largest share of the waste management market in 2020. Important factors such as the growing population of the region, the high disposable income of the people, and the increased demand for packaged food products are driving the growth of waste management in this region. The Asia Pacific is also a key contributor to marine plastic pollution. The materials include plastic bottles, plastic bags, single-use plastic items, and plastic packaging, among others. Further, key countries responsible for this kind of pollution include China, Indonesia, and Thailand. This aspect also contributes largely to the waste management market’s expansion in this region.
Waste Management Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Waste Management Market Competitor overview
Some key developments and strategies adopted by manufacturers in Waste Management are highlighted below.
· In May 2021, SUEZ signed an agreement with Eramet, a key player in the extraction and valorization of metals, to expand joint efforts in the area of recycling end-of-life electric vehicle batteries. Through this agreement, Eramet and Suez aim to pave the way for the next stages of industrial production by creating a partnership that combines the two groups' complementary expertise in all the key areas required for battery recycling.
· In September 2020, Solvay and Veolia announced their partnership on a circular economy consortium to offer new solutions that promise better resource efficiency for critical metals used in lithium ion electric vehicle (EV) batteries.
· In October 2020, Waste Management announced that it completed its acquisition of all outstanding shares of Advanced Disposal, following the receipt of required regulatory approvals. This acquisition grows Waste Management’s footprint and allows the Company to deliver unparalleled access to differentiated, sustainable waste management and recycling services to approximately 3 million new commercial, industrial and residential customers primarily located in 16 states in the eastern half of the United States.
Waste Management Market, Key Players
· Biffa Plc
· Clean Harbors, Inc.
· Covanta Holding Corporation
· Daiseki Co., Ltd.
· Hitachi Zosen Corporation
· Remondis Se & Co. Kg
· Republic Services, Inc.
· Veolia Environnement
· Waste Management Inc.
· SUEZ
· Waste Connections
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Waste Management Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Waste Type
- 5.2.1. Hazardous Waste
- 5.2.2. e-waste
- 5.2.3. Plastic Waste
- 5.2.4. Bio-medical Waste
- 5.2.5. Others
- 5.3. Market Analysis, Insights and Forecast – By Service Type
- 5.3.1. Open Dumping
- 5.3.2. Incineration/Combustion
- 5.3.3. Landfill
- 5.3.4. Recycling
- 5.3.5. Composting & Anaerobic Digestion
- 5.4. Market Analysis, Insights and Forecast – By End-User
- 5.4.1. Residential
- 5.4.2. Commercial
- 5.4.3. Industrial
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East and Africa
6. North America Waste Management Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Waste Type
- 6.2.1. Hazardous Waste
- 6.2.2. e-waste
- 6.2.3. Plastic Waste
- 6.2.4. Bio-medical Waste
- 6.2.5. Others
- 6.3. Market Analysis, Insights and Forecast – By Service Type
- 6.3.1. Open Dumping
- 6.3.2. Incineration/Combustion
- 6.3.3. Landfill
- 6.3.4. Recycling
- 6.3.5. Composting & Anaerobic Digestion
- 6.4. Market Analysis, Insights and Forecast – By End-User
- 6.4.1. Residential
- 6.4.2. Commercial
- 6.4.3. Industrial
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Waste Management Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Waste Type
- 7.2.1. Hazardous Waste
- 7.2.2. e-waste
- 7.2.3. Plastic Waste
- 7.2.4. Bio-medical Waste
- 7.2.5. Others
- 7.3. Market Analysis, Insights and Forecast – By Service Type
- 7.3.1. Open Dumping
- 7.3.2. Incineration/Combustion
- 7.3.3. Landfill
- 7.3.4. Recycling
- 7.3.5. Composting & Anaerobic Digestion
- 7.4. Market Analysis, Insights and Forecast – By End-User
- 7.4.1. Residential
- 7.4.2. Commercial
- 7.4.3. Industrial
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Waste Management Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Waste Type
- 8.2.1. Hazardous Waste
- 8.2.2. e-waste
- 8.2.3. Plastic Waste
- 8.2.4. Bio-medical Waste
- 8.2.5. Others
- 8.3. Market Analysis, Insights and Forecast – By Service Type
- 8.3.1. Open Dumping
- 8.3.2. Incineration/Combustion
- 8.3.3. Landfill
- 8.3.4. Recycling
- 8.3.5. Composting & Anaerobic Digestion
- 8.4. Market Analysis, Insights and Forecast – By End-User
- 8.4.1. Residential
- 8.4.2. Commercial
- 8.4.3. Industrial
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Waste Management Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Waste Type
- 9.2.1. Hazardous Waste
- 9.2.2. e-waste
- 9.2.3. Plastic Waste
- 9.2.4. Bio-medical Waste
- 9.2.5. Others
- 9.3. Market Analysis, Insights and Forecast – By Service Type
- 9.3.1. Open Dumping
- 9.3.2. Incineration/Combustion
- 9.3.3. Landfill
- 9.3.4. Recycling
- 9.3.5. Composting & Anaerobic Digestion
- 9.4. Market Analysis, Insights and Forecast – By End-User
- 9.4.1. Residential
- 9.4.2. Commercial
- 9.4.3. Industrial
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Biffa Plc
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Clean Harbors, Inc.
- 10.6. Covanta Holding Corporation
- 10.7. Daiseki Co., Ltd.
- 10.8. Hitachi Zosen Corporation
- 10.9. Remondis Se & Co. Kg
- 10.10. Republic Services, Inc.
- 10.11. Veolia Environnement
- 10.12. Waste Management Inc.
- 10.13. SUEZ
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
