Waste has become an unavoidable part of modern-day life, with waste
being generated in solid, liquid and gas forms directly from consumers as well
as by industries in developed and developing countries. As the global human
population continues to grow, the waste generated is correspondingly
increasing, resulting in even greater importance for the global waste
management market. The overall process of waste management refers to the
activities that take place to manage raw waste from the point of generation to
final disposal, including collection, transportation, treatment, and disposal.
The global waste management market has already crossed a valuation of
$508 billion, with the amount of waste generated at a global level increasing
day by day. By 2025, the amount of global waste in terms of volume is expected
to reach 2.2 billion tons. Click here to know more about the global waste
management market.
Global Waste Management
Market Size
The global waste management market is classified on the basis of the
type of waste, waste management service, and region. According to waste types,
the market is divided into industrial waste, municipal waste, and hazardous waste, with municipal waste accounting for the
single largest segment, a trend that is expected to continue in the near
future. Based on waste management service, the market is broadly divided into
collection services such as collection, transportation, storage, handling and
sorting, and disposal services such as recycling, landfills, composting and
anaerobic digestion.
High market maturity regions are Austria, Germany, The Netherlands,
Japan, the U.S., U.K. and Western Europe while medium market maturity regions
are Eastern Europe, Canada, Singapore and New Zealand. The adoption of waste
management processes is low in emerging economies, for example those in APAC
and LATAM. These markets are expected to have great potential for waste
management growth by 2020.
Global Waste Management
Market Size Industry Analysis
The increasing adoption at a global level of integrated strategies for
waste management and sustainable waste disposal indicate a greater buyer
maturity and interest in partnering with suppliers. Correspondingly, suppliers
are also boosting their capabilities and evaluation metrics to cater to the
growing demands.
Buyers have a lower bargaining power for small contracts between the
range of $5-25 million as compared with larger contracts of over $25 million.
Labor accounts for nearly 40 percent of total costs with the most popular
pricing models comprising of fixed-fee model and volume-based model. Key
players in the market are Veolia Environmental Services, Suez Environment,
Remondis, Urbaser, FCC Environment and Clean Harbors.
Global Waste Management
Opportunities
There are immense opportunities in the global waste management market,
driven by increasing awareness among the general public and nations overall
regarding the amount of waste that is being generated, especially
non-biodegradable waste. Across the world, waste is piling up in landfills,
polluting oceans and becoming hazards, which is why effective waste management
is growing in demand, along with demand for the development of more innovative
and safe methods to deal with waste.
Germany already recycles and reuses over 75 percent of the total waste
generated, indicating that it is possible to effectively manage generated
waste. Although the APAC region is still
in the initial stages for the waste management industry, it has great potential
in coming years, especially in revenue-generating opportunities and regulatory
changes. Technology is expected to play a major role in the global waste
management market by providing opportunities for easier sorting and recycling,
thereby making waste management more accessible.
Conclusion
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