Waste management market was valued at $285.0 billion in 2016, and is expected to reach $435.0 billion by 2023, registering a CAGR of 6.2% from 2017 to 2023. Waste management is collection, transportation, and disposable of garbage, sewage, and other waste products. It involves treatment of solid waste and disposal of the products and substances in a safe and efficient manner.
Government measures to reduce illegal dumping majorly drives the growth of the waste management market. In addition, surge in population and increased globalization increase the volume of the overall waste. According to World Bank in 2012, urban population produced about 1.3 billion tons of Municipal Solid Waste (MSW), which is expected to grow to 2.2 billion tons in 2025. Moreover, unhealthy lifestyle as well as industrialization in emerging economies such as India, China, and Taiwan leads to the development of chemical, oil & gas, automobile and medical industries, which further increases waste generation, which that boost the market growth. However, high cost associated with waste management solutions hamper the growth of the market. Conversely, increase in awareness among public and government about these solutions and developing waste-to-energy solutions provide lucrative growth opportunities.
Major Key Players of the Waste Management Market are:CLEAN HARBORS, Daiseki , Waste Management , Suez Environment S.A., Advanced Disposal Services, Veolia Environment S.A, Republic Services Inc., Covanta, Remondis AG & Co. Kg, Biffa Group, and Hitachi Zosen Corporation.
Read More @ https://www.openpr.com/news/2023594/waste-management-market-to-witness-growth-acceleration-during
Government measures to reduce illegal dumping majorly drives the growth of the waste management market. In addition, surge in population and increased globalization increase the volume of the overall waste. According to World Bank in 2012, urban population produced about 1.3 billion tons of Municipal Solid Waste (MSW), which is expected to grow to 2.2 billion tons in 2025. Moreover, unhealthy lifestyle as well as industrialization in emerging economies such as India, China, and Taiwan leads to the development of chemical, oil & gas, automobile and medical industries, which further increases waste generation, which that boost the market growth. However, high cost associated with waste management solutions hamper the growth of the market. Conversely, increase in awareness among public and government about these solutions and developing waste-to-energy solutions provide lucrative growth opportunities.
Major Key Players of the Waste Management Market are:CLEAN HARBORS, Daiseki , Waste Management , Suez Environment S.A., Advanced Disposal Services, Veolia Environment S.A, Republic Services Inc., Covanta, Remondis AG & Co. Kg, Biffa Group, and Hitachi Zosen Corporation.
Read More @ https://www.openpr.com/news/2023594/waste-management-market-to-witness-growth-acceleration-during
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