PUBLISHER: The Business Research Company | PRODUCT CODE: 1387667
PUBLISHER: The Business Research Company | PRODUCT CODE: 1387667
“Waste Management And Remediation Services Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on waste management and remediation services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for waste management and remediation services? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The waste management and remediation services market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Waste management services encompass a wide range of activities related to the management of waste, spanning from its collection and recycling to monitoring. These services encompass waste collection, treatment, and disposal, as well as remediation services. They may operate materials recovery facilities and provide services like septic tank pumping and related activities. Remediation services are focused on addressing and halting environmental damage, involving the cleanup and removal of polluted or contaminated soil, sediment, surface water, or groundwater.
The primary categories within the domain of waste management and remediation services include waste collection, waste treatment and disposal, remediation services, and other waste management services. Waste collection pertains to the process of collecting and transporting waste by municipal services, similar organizations, public or private corporations, specialized enterprises, or government entities to treatment or disposal facilities. These services can be utilized both online and offline, serving various sectors such as residential, manufacturing, retail/wholesale, construction, and demolition.
The waste management and remediation services market research report is one of a series of new reports from The Business Research Company that provides waste management and remediation services market statistics, including waste management and remediation services industry global market size, regional shares, competitors with waste management and remediation services market share, detailed waste management and remediation services market segments, market trends and opportunities, and any further data you may need to thrive in the waste management and remediation services industry. This waste management and remediation services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The waste management and remediation services market size has grown strongly in recent years. It will grow from $720.03 billion in 2023 to $775.91 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The historical growth in this context can be attributed to several factors, including the implementation of environmental regulations, the volume of waste generated, the process of urbanization, industrial activities, and heightened public health concerns.
The waste management and remediation services market size is expected to see strong growth in the next few years. It will grow to $1,028.91 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The anticipated growth in the forecast period can be attributed to a variety of factors, including the adoption of circular economy initiatives, increased focus on sustainability and green practices, advancements in technology, and the management of electronic waste (e-waste). Notable trends in this projected period encompass the wider adoption of circular economy principles, heightened awareness of sustainability and environmental concerns, the development of green infrastructure, and the sustainable management of construction and demolition waste.
The waste management and remediation services market is poised for growth due to the global increase in waste generation. Waste generation encompasses the production of discarded items, whether they are ultimately recycled or sent to landfills. Effective waste management is essential to mitigate the adverse impacts on human health, the environment, and overall aesthetics. This growing need for waste management drives the demand for waste management and remediation services. For example, as per 2022 estimates from The World Bank, the world generated 2.24 billion tons of solid waste in 2020, equivalent to 0.79 kg of waste per person daily. Anticipated waste generation is projected to increase by 73% from 2020 levels to reach 3.88 billion tons in 2050 due to population growth and urbanization trends. Hence, the surge in waste generation is expected to be a key driver of the waste management and remediation services market.
The expansion of mining activities is also set to propel the growth of the waste management and remediation services market. Mining operations involve the extraction of valuable minerals, ores, and geological materials from the Earth's crust. In these industries, waste management and remediation services are crucial for proper waste disposal and environmental restoration, in compliance with regulatory requirements. For instance, in January 2022, according to the United States Geological Survey, global silver mine production witnessed a slight increase in 2021, growing from 23,500 tons in 2020 to an estimated 24,000 tons. This upswing in mining activities contributes to the growth of the waste management and remediation services market.
The waste management and remediation services sector is increasingly adopting sensor technology to enhance waste management. Sensors are devices that detect and respond to various environmental inputs, such as light, heat, motion, moisture, and pressure. Waste management companies utilize sensors to monitor the fill levels of waste bins, enabling efficient servicing when they are full. Sensor technology can also streamline the sorting of recyclables, reducing manual labor and promoting higher recycling rates. This provides companies with full visibility of their containers, leading to cost reductions. For example, the OnePlus Metro sensor from OnePlus Systems is an ultrasonic trash can sensor used by waste management companies to determine the status of waste containers.
Major companies in the waste management and remediation services market are actively pursuing innovative solutions for the recycling of challenging materials, aiming to gain a competitive edge. These solutions are designed for waste streams that are not typically recyclable through standard curbside programs. For instance, in October 2022, Casella Waste Systems Inc., a U.S.-based waste management company, collaborated with TerraCycle, another U.S.-based waste management company, to launch an inventive home recycling pilot program known as the TerraCycle Pouch for handling hard-to-recycle items. This initiative empowers consumers to divert such materials from landfills, fosters community engagement, and offers rewards for their recycling efforts. The primary goal of this program is to recycle over 20 hard-to-recycle materials while expanding recycling services.
Major companies operating in the waste management and remediation services market include Waste Management Inc., Suez Environnement SA, Republic Services Inc., Waste Connections Inc., Clean Harbors, Stericycle Inc., Astellas Pharma Inc., Covanta Holding Corporation, Advanced Disposal Services Inc., Sacyr SA, Veolia Environnement SA, Waste Connections Inc., Casella Waste Systems Inc., US Ecology Inc., Heritage-Crystal Clean Inc., Progressive Waste Solutions Ltd., GFL Environmental Inc., Waste Industries USA Inc., FCC Environment Ltd., Biffa PLC, Renewi PLC, Remondis SE & Co KG, Wheelabrator Technologies Inc., Ecolab Inc., Cleanaway Waste Management Limited, Transpacific Industries Group Ltd., Recology Inc., Newalta Corporation, Ecoserv LLC, Terracycle US Inc., Waste Pro USA Inc., Meridian Waste Solutions Inc., Wastequip LLC.
Western Europe was the largest region in the waste management and remediation services market in 2023. Asia-Pacific was the second-largest region in the waste management and remediation services market. The regions covered in the waste management and remediation services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The countries covered in the waste management and remediation services market are: Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
The waste management and remediation services market consists of revenues earned by entities that provide waste collection, treatment, and disposal services, remediation services, operate materials recovery facilities, or provide septic tank pumping and related services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.