Waste Disposal Market - Global Industry Dynamics 2019-2020, Trends and Forecast 2021-2028

Water disposal is a method of handling all types of wastes, which requires various approaches to recycle products. It involves operations from its origin to final removals such as collection, transport, processing, and disposal of hazardous waste, along with examination and regulation. Growing understanding of the environment, rapid industrialization, population growth, and rising urbanization promote the development of the global market for waste disposal. In addition, enforcement of stringent policy norms against open dumping is expected to accelerate the waste disposal market growth.

Driving and Restraining Factors:

  • Rising demand for uncollected waste and pollution is impacting safety directly or indirectly, which is expected to raise the demand for waste management services in the upcoming years

  • Increasing occurrence of health-related infections, high management burden of these diseases, and emerging cleaning regulations are key drivers of this market

  • However, the lack of information in developing countries and the storage of investments in waste management system hinders the expansion of the waste disposal market

  • The volume of municipal solid waste, a key by-product of urban lifestyle, is rising at a higher rate

  • It has been observed that countries with higher per capita waste disposal level are islands, more likely due to waste created by the tourism sector

  • One of the major factors driving the expansion of the waste disposal market is improved environmental awareness about sustainable waste management systems among people and an increase in carbon-dioxide emissions

  • Emphasis on environmental concerns from several administrations and industries remains minimal. Administrations, particularly in developed countries, were much more oriented on infrastructural growth and industrialization. This lack of attention had a restricting impact on the waste disposal market.

Trends & Opportunities:

  • Numerous governments around the globe are making a concerted effort to overcome this problem. There are various forms of effective methods of garbage disposal such as dumping, burning, and other similar methods, but these in some way affecting the environment, which can lead to different health issues.

  • Waste disposal unit manufacturing companies are focused on inventing innovative environment-friendly technologies, including waste to energy technologies. Disposers transform the waste into small particles, which further contributes to the production of biogas, which then generates electricity with the help of biofuel.

Market Segmentation:

  • The global waste disposal market can be segmented based on type, component, application, distribution channel, and region

  • Based on type, the global waste disposal market can be classified into solid waste, hazardous waste, industrial waste, and others

  • In terms of component, the global waste disposal market can be segregated into food waste unit and garbage disposable unit

  • Based on application, the global waste disposal market can be bifurcated into residential and commercial

  • In terms of distribution channels, the global waste disposal market can be split online and offline. The offline segment can be further divided into specialty stores, supermarkets/hypermarkets, and others. The online segment can be sub-divided into e-Commerce websites and company websites.

  • Based on region, the global waste disposal market can be divided into North America (U.S., Canada, and Rest of North America), Europe (U.K., Germany, France, Italy, and Rest of Europe), Asia Pacific (China, Japan, India, and Rest of Asia Pacific), Middle East & Africa (GCC Countries, South Africa, and Rest of the Middle East & Africa), and South America (Brazil and Rest of South America)

Competition Landscape:

  • Prominent players operating in the global waste disposal market include Advanced Disposal Services, Inc., WM Intellectual Property Holdings, L.L.C., CLEAN HARBORS, INC., Daiseki Co., Ltd., Biffa, Covanta Holding Corporation, Hitachi Zosen Corporation, Suez, REMONDIS SE & Co. KG, Veolia, etc.

Segments:

  • By Type:

    • Solid Waste

    • Hazardous Waste

    • Industrial Waste

    • Others

  • By Components:

    • Food waste units

    • Garbage waste units

  • By Application:

    • Residential

    • Commercial

  • By Distribution channel:

    • Online

    • Offline

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