Waste Management Market research report by Delvens focuses on primary sections such as – market segments, market outlook, competitive landscape, and company profiles. The segments provide details in terms of various perspectives such as end-use industry, product or service type, and any other relevant segmentation as per the market’s current scenario which includes various aspects to perform further marketing activity.
The Global Waste Management Market size is projected to reach a CAGR of 5.2% from 2023-2030.
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Treatment of solid waste through garbage management includes a variety of recycling techniques. Managing debris involves gathering, moving, and getting rid of waste, sewage, and other things. It entails handling solid waste efficiently and safely getting rid of useless goods and substances.
An entirely new technological trend in the market has been sparked by the introduction of smart waste management services. Traditional rubbish collection methods are very resource-intensive and frequently follow predetermined routes. This can occasionally result in the needless waste of resources. The improved garbage collection operations, the identification of waste-filling trends, the optimization of driver schedules, and the reduction of operational expenses are all possible thanks to modern Internet of Things (IoT)-based technologies. Additionally, IoT-based garbage collecting bins are anticipated to be a workable smart solution for waste management in the near future due to the decline in the cost of sensors.
Delvens Industry Expert's Standpoint:
The waste management market is experiencing significant growth driven by factors such as urbanization, stringent regulations, environmental awareness, technological advancements, and circular economy initiatives. The increasing volume and complexity of waste generated globally necessitate effective waste management solutions to ensure environmental sustainability and public health.
Companies Profiled:
Waste Management, Veolia, Republic Services, SUEZ, Waste Connections, Biffa, Clean Harbors, Covanta Holding, Daiseki, and Hitachi Zosen
Key Findings
• By Waste Type, The waste management industry's e-waste segment commands the market in terms of waste kind. E-waste includes a number of dangerous or toxic compounds, including mercury, brominated flame retardants (BFRs), chlorofluorocarbons (CFCs), and hydrochlorofluorocarbons (HCFCs), among others.
• By service type, The waste management market's landfill segment is anticipated to be the largest by service type. Solid waste is disposed of in well-managed, well-engineered landfills nowadays. To ensure adherence to stated regulations, landfills are planned, situated, run, and monitored.
• The waste management market's largest end-user category is anticipated to be the residential sector. By end user, the residential sector accounted for the greatest portion of the waste management market growth in 2020. This category includes waste gathered from single- and multi-family homes.
• The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. The largest market share was held by Europe.
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North America to Dominate the Market
• Europe dominates the global waste management market and is anticipated to maintain its lead during the forecast period.
• The growth is majorly attributed to the presence of more than 500 waste-to-energy facilities in operation. Additionally, the European Union has created extensive legislation throughout the years to enhance waste management and lower greenhouse gas emissions
Recent Developments:
• Biffa Group announced in February 2021 that it has acquired Company Shop Group ('CSG'), the largest and most renowned redistributor of surplus food and household goods in the UK.
• Following the completion of the necessary regulatory permissions, in October 2020, Waste Management completed the acquisition of all outstanding shares of Advanced Disposal. When accounting for about USD 1.8 billion of Advanced Disposal's net debt, the previously disclosed purchase price of USD 30.30 per share in cash equals a USD 4.6 billion enterprise value overall.
Reasons to Acquire:
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• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
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In addition to the market data for Waste Management Market, Delvens offers a client-centric report customized according to the company’s specific demand and requirement.
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