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2021

North America Waste Management Market

North America Waste Management Market Size, Share, Competitive Landscape and Trend Analysis Report by Type and Service : Global Opportunity Analysis and Industry Forecast, 2020-2027

CM : Engineering, Equipment and Machinery

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Author's: Amol Phoke| Priyanka Khandelwal | Sonia Mutreja
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The North America waste management market size is expected to reach $229.3 billion by 2027, from $208.0 billion in 2019, registering a CAGR of 5.3% from 2020 to 2027. Waste management is a concept used to collect, store, handling, recycle, disposable, composting, and transportation of waste. The waste management is required to avoid human diseases such as cholera, diarrhea, dengue, and others. Waste collection services refer to gathering, transport, collection, storage, sorting, and handling of waste. Whereas, disposable services consist of activities such as separation of waste into recycling, landfills, and composition of waste.

Rapid urbanization & industrialization is expected to create a huge amount of waste and to manage this waste, intelligence waste management systems are required, which is anticipated to propel the North America waste management market growth. For instance, urbanization in Mexico was 80.44% in 2019, and 80.16% in 2018.  Increase in environmental awareness regarding renewable waste management systems among people and rise in CO2 emissions, are expected to generate growth opportunities for the waste management market.

North-America-Waste-Management-Market-2020-2027

Major players such as SUEZ Environmental Services, Clean Harbors Inc., and Waste Management Inc., are adopting acquisition, business expansion, and agreement as key strategies for improving their service portfolio of waste management services. For instance, in January 2021, Covanta Holding Corporation signed a partnership with Town of North Hempstead, New York. The partnership aimed to generate waste from energy, with a capacity of 140,000 tons annually. The partnership was done for five-year term and is expected to extend up to 10 years. 

The huge amount of waste generated in the U.S., Canada, and Mexico, fuels the growth of the North America waste management market. In addition, huge amount of waste generated from hazardous waste, and municipal waste, fuels the growth of the market. For instance, as per data released by the U.S. Environmental Protection Agency, in 2017, Americans generated about 267.8 million tons of municipal solid waste of which about 67 million tons were recycled and 27 were composted, which is equivalent to a 35.1% recycling rate. In addition, stringent government regulations toward open burning, and illegal dumping fuels the growth of the market. In addition, the introduction of country level government norms and regulations to curb greenhouse gas emissions is expected to augment the market growth. For instance, according to the Environmental Protection Agency (EPA), there is a change in law related to illegal dumping, the U.S. government charged $7,500 per person for illegal dumping and burning of waste. Such instances are anticipated to drive the market growth

However, inadequate waste disposal methods, and labor intensive and high cost of transportation are anticipated to restraint the North America waste management market. On the contrary, implementation of advanced waste management practices is expected to witness growth during the forecast period.

Lockdown implemented in countries such as the U.S., Canada, and Mexico, impacted the sales of waste management companies. In addition, owing to the pandemic situation, there has been a halt in distribution of waste management systems and services, owing to lockdown in major countries. This has hampered the growth of the North America waste management market significantly in the past few months, which is expected to continue during 2021.  

North America Waste Management Market
By Type
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Industrial Waste segment dominate the market during the forecast period.

The North America waste management market is segmented based on service, type, and country. Based on type, the market is bifurcated into industrial waste, hazardous waste, and municipal waste. Based on services, the market is classified into disposable services and collection services. The collection services segment is sub-segmented into storage & handling, sorting, and collection & transportation. Disposable services segment is further sub-segmented into recycling, landfills, compositing and anaerobic digestion, and others.

Country wise, the North America waste management market analysis is conducted across the U.S., Canada, and Mexico. In 2019, the U.S. was the highest contributor to the North America waste management market share, and is anticipated to secure a leading position during the forecast period.

North America Waste Management Market
By Service
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Disposable Services segment is expected to grow at a significant CAGR

Competition Analysis

The major players, such as Biffa Plc, Covanta Holding Corporation, Bigbelly Inc., Remondis Se & Co. Kg, Veolia Environnement, Hitachi Zosen Corporation, Republic Services, Inc., Clean Harbors, Inc., Suez, and Waste Management Inc.

The key players in this market adopted business expansion, partnership, and agreement as their key strategies to improve the service portfolio of waste management practices. For instance, in August 2018, Bigbelly Inc. signed a partnership with the non-profit organization Recycling Across America, based in the U.S., which deals in recycling materials. The partnership aimed to collect and recycle waste such as glass, bottles, plastics, papers, and aluminum tins.  

North America Waste Management Market
By Country
2027
U.s. 
Canada
Mexico

U.S. country is expected to dominate the market during the forecast period

Key Benefits For Stakeholders

  • The report provides an extensive analysis of the current and emerging North America waste management market trends and dynamics.  
  • In-depth market analysis is conducted by market estimations for the key market segments between 2019 and 2027. 
  • Extensive analysis is conducted by following key product positioning and monitoring of the top competitors within the market framework.
  • A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
  • The North America waste management market forecast analysis from 2020 to 2027 is included in the report.
  • The key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the market.

Key Market Segments

By Type 

  • Municipal Waste
  • Industrial Waste
  • Hazardous Waste

By Service

  • Collection Services
  • Collection and Transportation
  • Storage and Handling
  • Sorting
  • Disposable Services
  • Landfills
  • Recycling
  • Composting and anaerobic digestion

By Country

  • U.S.
  • Canada
  • Mexico

North America Waste Management Market Report Highlights

Aspects Details
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By TYPE
  • Municipal waste
  • Industrial waste
  • Hazardous waste
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By SERVICE
  • Collection
    • Collection & transportation
    • Storage & handling
    • Sorting
  • Disposable
    • Landfills
    • Recycling
    • Composting & anaerobic digestion
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By COUNTRY
  • U.S
  • Canada
  • Mexico
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Key Market Players

REMONDIS SE & CO. KG, BIGBELLY, INC., WASTE MANAGEMENT INC., SUEZ ENVIRONMENTAL SERVICES, VEOLIA ENVIRONNEMENT S.A., COVANTA HOLDING CORPORATION, CLEAN HARBORS, INC., REPUBLIC SERVICES, INC., BIFFA PLC, .HITACHI ZOSEN CORPORATION

Analyst Review

Waste management includes the actions and activities required to manage waste from its collection to disposal. Waste can be solid, liquid, and gaseous type. Utilization of waste management services is expected to increase, owing to huge amount of waste generated. Moreover, significant technological advancements in solid waste management solutions are anticipated to create lucrative opportunities for the growth of the North America waste management market. U.S. country is projected to be the highest revenue contributor to the North America waste management market, whereas Mexico country is expected to grow at the highest CAGR of 7.4% during the forecast period. 

Rise in population has led to huge amount of waste being generated, which drives the growth of the North America waste management market. For instance, according to the World Health Organization (WHO), in 2018, per person waste generated in Canada was up to 6 kg (13.23 pounds).  In addition, strict government regulations toward illegal dumping, and open burning, drives the growth of the North America waste management market. However, high investment costs and inadequate waste disposal methods are anticipated to hamper the growth of the market. Moreover, implementation of advanced waste management practices is anticipated to create lucrative opportunities for the North America waste management market during the forecast period.
 

Author Name(s) : Amol Phoke| Priyanka Khandelwal | Sonia Mutreja
Frequently Asked Questions?

The North America waste management market size was $208.0 billion in 2019 and is projected to reach $229.3 billion in 2027, growing at a CAGR of 5.3% from 2020 to 2027.

The forecast period considered for the North America waste management market is 2020 to 2027, wherein, 2019 is the base year, 2020 is the estimated year, and 2027 is the forecast year.

The base year considered in the North America waste management market is 2019.

The report for North America waste management market doesn’t provides Value Chain Analysis, but if there is a requirement for the same, it could be added as an additional customization.

On the basis of type, the industrial waste segment is expected to be the most influencing segment growing in the North America waste management market report.

Based on service, in 2019, the disposable services segment generated the highest revenue, accounting for over half of the market share, and is projected to grow at a CAGR of 5.5% from 2020 to 2027.

The report contains an exclusive company profile section, where the leading 10 companies in the market are profiled. These profiles typically cover company overview, geographical presence, and market dominance (in terms of revenue and volume sales).

The key trending market based on the service, in the North America waste management market is the disposable services segment.

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North America Waste Management Market

Global Opportunity Analysis and Industry Forecast, 2020-2027