Environmental Sustainability in Action: Examining the Global Waste Management Market

FactMR is a market research and consulting firm that provides a variety of reports and insights on various industries, including the waste management market. According to FactMR’s research, the global waste management market is expected to grow at a CAGR of 5% from 2021 to 2031.

The report notes that increasing urbanization and industrialization have resulted in a significant increase in the amount of waste generated, which has led to a rise in demand for waste management services. Additionally, the report highlights the increasing adoption of sustainable waste management practices and the introduction of stringent government regulations as factors driving the growth of the waste management market.

The report also identifies some of the key players in the waste management market, including Veolia Environment S.A., Waste Management, Inc., Republic Services, Inc., SUEZ SA, and Clean Harbors, Inc. These companies are investing in new technologies and services to expand their market share and improve their sustainability and environmental performance.

Overall, the waste management market is expected to continue growing in the coming years as demand for waste management services increases and companies continue to invest in new technologies and sustainable practices

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Segmentation of Waste Management Industry Survey

• By Service :
  • Collection
  • Transportation
  • Recycling & Disposal
• By Waste Type :
  • Commercial Waste
  • Industrial Waste
  • Municipal Waste
  • Others (not covered elsewhere)
• By End-use Industry :
  • Residential
  • Commercial
  • Industrial
• By Region :
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa

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Competitive Landscape

• Advanced Disposal Services was purchased by Waste management, a reputable waste management business, in October 2020. The acquisition will give the company access to about 3 million new commercial, residential, and industrial customers who are primarily spread across 16 states in the eastern half of the country, providing them with differentiated, sustainable waste management & recycling services that are unmatched in the industry.
• To handle the reverse logistics of medical waste, UPS healthcare has partnered with waste management company Stericycle as of July 2021. The partnership enabled business growth in the areas of transportation, handling, and disposal of various kinds of medical waste, including biohazardous, pharmaceutical, and sharps waste.
• Biffa Group, a top waste management company, acquired Shop Group, a top company for redistributing leftover food and household goods, in February 2021. As part of the agreement, the two companies will work together to present a unique circular economy proposition to the food manufacturing and FMCG industries. As a result, some of the biggest businesses in the UK will be able to realize sustainable value from the 141,000 tonnes of surplus high-quality food and beverage production that the country produces annually.

Key Companies Profiled

• Biffa Group
• Biomedical Waste Solutions
• Clean Harbors, Inc.,
• Covanta Holding Corporation
• Cleanaway Waste Management Limited
• GFL Environmental Inc.
• Daiseki
• Fcc Environment
• Hitachi Zosen Corporation
• Remondis Se & Co. Kg
• Republic Services, Inc
• Renewi Plc
• Stericycle
• Suez Environment S.A
• Urbaser
• Valicor
• Veolia Environment S.A
• Waste Connections
• Waste Management Inc.

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Which Factors Will Aid the Growth of the U.S. Waste Management Market?

Several factors are expected to aid the growth of the U.S. waste management market, including:

1. Growing knowledge of environmental issues: The demand for waste management services in the U.S. is being driven by a rising understanding of the need to decrease waste and manage resources more effectively.
2. urbanization and a growing population: The demand for waste management services is anticipated to increase as the U.S. population and urbanization both increase the amount of waste that cities produce.
3. Government restrictions: In order to promote waste reduction, reuse, and recycling, the U.S. government is putting regulations into place, which is raising demand for waste management services.
4. Technical developments: The demand for waste management services in the United States is anticipated to increase as a result of the development of novel and cutting-edge waste management technologies, such as waste-to-energy systems and sophisticated recycling technologies.