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Chicago , April 8, 2024 /PRNewswire/ -- Waste Management Market is expected to reach USD 1598.1 billion by 2029 from USD 1219.6 billion in 2024 at a CAGR of 5.6% during the forecast period according to a new report by MarketsandMarkets™. Waste management is an important process that includes the collection, transportation, disposal, and recycling of waste materials. Effective waste management is critical to ensuring environmental sustainability, public health, and resource conservation. Sustainable waste management practices not only help in reducing pollution but also create opportunities for economic growth through the development of recycling industries and
Job creation in the waste management sector. Proactive government actions, technical improvements, and an increase in e-waste output are all key drivers of this expansion. Waste Management, Suez, Veolia, and others are major players in the Waste Management Market, with methods such as corporate development and alliances being implemented to improve services. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=72285482 Waste Management Market Scope: Report Coverage Details Market Revenue in 2024 $1219.6 billion Estimated Value by 2029 $1598.1 billion Growth Rate Poised to Grow at a CAGR of 5.6% Largest Market Asia Pacific Market Size Available for 2019-2029 Forecast Period 2024-2029 Forecast Units Value (USD) Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends Segments Covered Waste Management Market by Waste type, Disposal method, Source and Region. Geographies Covered North America, Europe, Asia Pacific, Latin America, and
Middle East & Africa. Key Market Opportunities Circular
economy & recycling Key Market Drivers Technological advancements in waste management Non-Hazardous Industrial Waste, by waste type is expected to be the largest segment during the forecast period. Based on waste type, the Waste Management Market is categorized into six categories: Hazardous Waste, E-Waste, Municipal Solid Waste, Medical Waste, Construction & Demolition, Non-Hazardous Industrial waste. The Non-Hazardous Industrial waste is expected to be the largest segment. Non-Hazardous Industrial waste encompasses materials that become unusable during manufacturing processes in sectors like factories, mills, and mining. This waste can be solid, semi-solid, or liquid, containing substances such as dirt, gravel, concrete, scrap metal, oil, chemicals, and even organic matter from restaurants. Globally, Non-Hazardous industrial waste production is significant, with the US generating an estimated 7.6 billion tons annually, ranking first globally followed by
China . Developing countries like China see a rise in industrial waste generation, while countries like
India witness increasing demand for waste management services. Recycling, by Disposal method, is expected to be the fastest growing segment during the forecast period. Based on the Disposal method, the Waste Management Market is segmented into six categories: Open Dumping, Incineration/Combustion, Landfill, Recycling, Composting & Anaerobic Digestion. Recycling is the fastest growing segment by disposal method. Recycling is the process of collecting and processing materials that would otherwise be thrown away as trash and turning them into new products. Recycling is crucial for managing waste sustainably. It helps save resources, reduce pollution, and create jobs. By recycling materials like paper, plastic, and glass instead of throwing them away, it helps to conserve energy, cut down on greenhouse gas emissions, and protect the environment. Recycling also supports the economy by generating income from selling recycled materials and encouraging innovation. The key advantages of recycling and recovery are reduced quantities of disposed waste and the return of materials to the economy. In many developing countries, informal waste pickers at collection points and disposal sites recover a significant portion of discards. Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=72285482 North America is expected to be the largest region in the Waste Management Industry . The dense population and rapid urban development in the area result in a notable volume of waste from residential, commercial, and industrial activities. This situation necessitates the implementation of comprehensive waste management systems and infrastructure. Moreover, the
United States , being the largest contributor to waste due to its population size, generates a significant portion of the world's municipal solid waste. In North America , the waste management sector benefits from efficient industrial waste management techniques, an increasing focus on environmental cleanliness, and the primary industrial sectors such as electricity, pharmaceuticals, and
Oil and gas, which are major consumers of waste management services. Stringent government regulations in the U.S. and
Canada have spurred the collection and disposal of industrial waste, further stimulating the waste management industry in the region. It has headquarters of many big waste management companies such as WM Intellectual Property Holdings, L.L.C. (US), Republic Services (US) & Waste Connections (US). Key Players Some of the major players in the Waste Management Market are WM Intellectual Property Holdings, L.L.C. (US), Suez (France), Veolia (France) , Republic Services (US) & Waste Connections (US) are the market leaders in the Waste Management Market. The major strategies adopted by these players include new product launches, acquisitions, contracts, agreements, partnerships, joint ventures, collaborations, investments, and expansions. Browse Adjacent Markets: Energy and Power Market Research Reports & Consulting Related Reports: Shredder Blades Market by Shaft Count (Single shaft, Double shaft), Blade Design (Hook, Square), End User Industry (Waste Management & Recycling, Food Industry), Application (Plastic, Rubber, Metal, Wood, E-waste) & Region - Global Forecast to 2028 Biomass Power Generation Market by Technology (Combustion, Gasification, Anaerobic Digestion, Pyrolysis), Feedstock (Agricultural Waste, Forest Waste, Animal Waste, Municipal Waste), Fuel (Solid, Liquid, Gaseous) and Region - Global Forecast to 2028 Loading... Loading... Recycled Plastics Market by Source (Bottles, Fibers, Films, Foams), Process, Plastic Type (PET, PE, PP, PVC, PS), Type, End-Use (Packaging, Textiles, Building & Construction, Automotive, Electrical & Electronics), and Region - Global Forecast to 2030 About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes , as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on
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