The Global Waste Management Market size was valued at USD 446.89 Billion in 2023 and the total Waste Management revenue is expected to grow at a CAGR of 5.3% from 2024 to 2030, reaching nearly USD 641.50 Billion.
Waste Management Market Overview:
The Waste Management Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Waste Management Market, as well as the causes for variances in the industry’s growth in various places
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Waste Management Market Scope:
To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.
Waste Management Market Drivers:
Technological advancements in waste-to-energy play a significant role in the waste management market, it offers innovative solutions to address both environmental and energy-related challenges. Waste-to-energy is the technology used to convert garbage into energy by gasification or incineration is known as waste-to-energy technology. By 2030, waste-to-energy (WTE) is expected to have a $52.9 billion global market size. This is because Renewable resources are replacing coal to minimize carbon content.
Incineration is the process of burning hazardous material at high temperatures to destroy contaminants. China has circulating fluidized bed (CFB) incineration units. They have around 28 operating CFB units, the most current of which was built in 2012 and handles more than 800 tonnes/day. A new factory is being built in Shenzhen that will have a capacity of 5000 metric tonnes per day and will be the world’s largest WTE facility. Waste gasification is a chemical process that involves heating waste in a low-oxygen atmosphere until it decomposes into its constituent molecules.
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Waste Management Market Segmentation:
by Waste Type
E-waste
Plastic waste
Bio-medical waste
Hazardous waste
Others
by Service Type
Landfill
Recycling
Incineration
Open Dumping
Composition & Anaerobic Digestion
by End-use Industry
Commercial
Industrial
Residential
Waste Management Market Key Players: The key players are
1. Clean Harbors Inc.
2. Daiseki Co. Ltd.
3. Waste Management Inc.
4. Suez Environment S.A.
5. Advanced Disposal Services
6. Veolia Environment S.A
7. Republic Services Inc.
8. Covanta
9. Remondis AG & Co. Kg
10.Biffa Group
11.Hitachi Zosen Corporation
12.Green Conversions
13.Amec Foster Wheeler
14.Xcel Energy, Recology
15.Keppel Segher
16.Plasco Conversions
17.Wheelabrator Technologies
18.Nexans
19.China Everbright International
20.Cleanaway
21.Sims Metal Management
22.Stericycle
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Regional Analysis:
Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Waste Management Market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
Key Questions Answered in the Waste Management Market Report are:
1. What is the study period of the market?
Ans. The Global Waste Management Market is studied from 2023-2030.
2. What is the growth rate of the Waste Management Market?
Ans. The Waste Management Market is growing at a CAGR of 5.3% over the forecast period.
3. What is the market size of the Waste Management Market by 2030?
Ans. The market size of the Waste Management Market by 2030 is expected to reach USD 609.22 Bn.
4. What is the forecast period for the Waste Management Market?
Ans. The forecast period for the Waste Management Market is 2024-2030.
5. What was the market size of the Waste Management Market in 2023?
Ans. The market size of the Waste Management Market in 2023 was valued at USD 446.89 Bn.
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