Waste Management Market size was around USD 455 Billion by revenue, at the end of 2022. It is anticipated to grow at a CAGR of 7.05 % to reach close to USD 610 Billion by the end of 2028.

Waste management is produced to reduce the adverse effects of waste on human health, planetary resources, the environment, and aesthetics. Waste management is the purpose to provide solid waste storage, hygiene, collection, and treatment. Waste management includes the processes and actions required to manage waste from inception to its final disposal.

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Drivers:

The increasing stringent government regulations such as the resources conservation and recovery and waste management regulations for improving this service. The growing adoption of WTE incineration and recycling techniques is expected to promote waste management to drive the market growth. This leads to the growing demand for commodities and the consequent generation of waste is propelling to drive the market growth.

Rising concerns of health hazards

The health hazards are improper practices such as dumping of biomedical waste in water bodies, open spaces, and municipal dustbins leading to the spread of disease. Basically water pollution is caused mainly by industrial waste. causes various diseases in human cholera, plague, gastroenteric, and hepatitis diseases.

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Restraints:

The high cost is one of the important fencings in the market growth. The high cost of procuring and operating waste management solutions is excepted to hamper the market growth. The absence of the necessary framework for the collection and segregation of waste restraints the market growth.

Segmentation Analysis:

Waste Management Market - By Type:

Municipal waste
Industrial waste
Hazardous waste
Waste Management Market - By Disposal Methods:

Landfills
Incineration
Recycling
Waste Management Market – By Service

Collection Service
Disposable Service
Waste Management Market – By End User:

Residential
Commercial
Industrial
Regional Analysis:

North America
Europe
Asia Pacific
Latin America
Middle east and Africa
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