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Waste Management Market by Waste Type (Municipal and Industrial) and Service (Collection and Disposal) - Global Opportunity Analysis and Industry Forecast, 2017-2023

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Pages: 150
Feb 2018 | 2532 Views
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Author's : Preksha Verma
Tables: 80
Charts: 36
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Waste Management Market Overview:

The Global Waste Management Market was valued at $285.0 billion in 2016 and is expected to reach $435.0 billion by 2023. Waste management is the process of treating solid wastes. It offers different solutions to recycle items that don’t belong to trash. It includes activities that help manage waste from its inception to final disposal. This includes collection, transport, treatment, and disposal of waste along with inspection and regulation.

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Increase in environmental awareness, rapid industrialization, rise in population, and growth in urbanization foster the waste management market. In addition, strict government norms toward open dumping is also expected to fuel the market growth. However, lack of awareness in developing countries and dearth of investments in SWM framework impede the market growth. The impact of the driving factors is expected to overshadow that of the restraints; hence, the market is projected to grow at a CAGR of 6.2% from 2017 to 2023.

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Key players operating in the waste management market include CLEAN HARBORS, INC., Daiseki Co. Ltd., Waste Management Inc., Suez Environment S.A., Advanced Disposal Services, Veolia Environment S.A, Republic Services Inc., Covanta, Remondis AG & Co. Kg, Biffa Group, and Hitachi Zosen Corporation.

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The waste management market is segmented based on waste type, service, and region. Based on waste type, the market is bifurcated into municipal waste and industrial waste. Based on service, it is classified into collection services (collection & transportation, storage & handling and sorting) and disposal services (landfills, recycling, composting & anaerobic digestion, and others). Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA and their respective countries.

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Europe is expected to dominate the waste management market owing to favorable government initiatives along with high-end technology adoption by management services. Asia-Pacific is anticipated to drive the demand for waste management services, due to the presence of densely populated countries such as China and India, where an increase in urban penetration is being witnessed. Moreover, government initiative in India, such as “Swach Bharat” program is expected to boost the demand for the waste management market.

Drivers

Growth in Urban Population

The global urban population was 34% in 1960, and the trend reveals a potential growth in urban population. As per WHO estimates and forecast, the global urban population is expected to grow by approximately 1.84% every year until 2020, about 1.63% every year from 2020 to 2025, and around 1.44% every year from 2025 to 2030. As per the data released by the World Bank, the amount of municipal solid waste (MSW), one of the most important by-products of an urban lifestyle, is growing even faster than the rate of urbanization.

Rise in Environmental Awareness

Surge in environmental awareness regarding renewable waste management systems among people and increase in CO2 emissions are projected to generate growth opportunities for the waste management systems market. Market players are taking measures to recycle the municipal solid waste and non-hazardous industrial waste to reduce the pollution and environmental hazards.

Government Regulations

Government measures to reduce illegal dumping as well as the introduction of sustainable mechanism to manage waste is anticipated to drive the global waste management market. Increase in adoption of WTE incineration and recycling techniques further boost the market growth. The EPA has introduced Resource Conservation and Recovery Act (RCRA), with an aim to reduce open dumping and to manage hazardous and non-hazardous waste.

Key Benefits for Stakeholders

  • The study provides an in-depth analysis of the global waste management market and current & future trends to elucidate the imminent investment pockets.
  • Information about key drivers, restrains, and opportunities and their impact analysis on the market is provided.
  • Porter’s Five Forces analysis illustrates the potency of buyers & suppliers operating in the industry.
  • The quantitative analysis of the global waste management market from 2017 to 2023 is provided to determine the market potential.

Waste Management Market Key Segments:

By Waste Type

  • Municipal Waste
  • Industrial Waste

By Service

  • Collection
  • Disposal

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Market Players

  • CLEAN HARBORS, INC.
  • Daiseki Co. Ltd.
  • Waste Management Inc.
  • Suez Environment S.A.
  • Advanced Disposal Services
  • Veolia Environment S.A
  • Republic Services Inc.
  • Covanta
  • Remondis AG & Co. Kg
  • Biffa Group
  • Hitachi Zosen Corporation
 

Chapter: 1: INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & models

Chapter: 2: EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

Chapter: 3: MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies
3.2.4. Top Winning Strategies, By Development, 2014-2018*
3.2.5. Top Winning Strategies, By Company, 2014-2018*

3.3. PORTER'S FIVE FORCES ANALYSIS
3.4. KEY PLAYER POSITIONING, 2016
3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.1.1. Growth in urban population
3.5.1.2. Increased amount of waste generated
3.5.1.3. Rise in environmental awareness
3.5.1.4. Rapid industrialization
3.5.1.5. Government regulations

3.5.2. Restraint

3.5.2.1. Lack of awareness in developing countries

3.5.3. Opportunity

3.5.3.1. Increase in awareness about devices and treatment options for cardiac disorders

Chapter: 4: WASTE MANAGEMENT MARKET, BY WASTE TYPE

4.1. MARKET OVERVIEW

4.1.1. Market size and forecast, by type

4.2. MUNICIPAL WASTE

4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region

4.3. INDUSTRIAL WASTE

4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region

Chapter: 5: WASTE MANAGEMENT MARKET, BY SERVICE

5.1. MARKET OVERVIEW

5.1.1. Market size and forecast, by service

5.2. COLLECTION

5.2.1. Key market trends, growth and opportunities

5.2.1.1. Collection & transportation
5.2.1.2. Storage & handling
5.2.1.3. Sorting

5.2.2. Market size and forecast, by region

5.3. DISPOSABLE

5.3.1. Key market trends, growth factors and opportunities

5.3.1.1. Landfills
5.3.1.2. Recycling
5.3.1.3. Compositing & anaerobic digestion
5.3.1.4. Others

5.3.2. Market size and forecast, by region

Chapter: 6: WASTE MANAGEMENT MARKET, BY REGION

6.1. MARKET OVERVIEW

6.1.1. Market size and forecast

6.2. NORTH AMERICA

6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by country
6.2.3. Market size and forecast, by waste type
6.2.4. Market size and forecast, by services
6.2.5. Market size and forecast, by country

6.2.5.1. U.S. market size and forecast by waste type
6.2.5.2. U.S. market size and forecast, by services
6.2.5.3. Canada market size and forecast, by waste type
6.2.5.4. Canada market size and forecast, by services
6.2.5.5. Mexico market size and forecast, by waste type
6.2.5.6. Mexico market size and forecast, by services

6.3. EUROPE

6.3.1. Key market trends, growth factors and opportunities
6.3.2. Europe market size and forecast, by country
6.3.3. Europe market size and forecast, by waste type
6.3.4. Europe market size and forecast, by services
6.3.5. Europe market size and forecast, by country

6.3.5.1. Germany market size and forecast, by waste type
6.3.5.2. Germany market size and forecast, by services
6.3.5.3. France market size and forecast, by waste type
6.3.5.4. France market size and forecast, by services
6.3.5.5. UK market size and forecast, by waste type
6.3.5.6. UK market size and forecast, by services
6.3.5.7. Russia market size and forecast, by waste type
6.3.5.8. Russia market size and forecast, by services
6.3.5.9. Rest of Europe market size and forecast, by waste type
6.3.5.10. Rest of Europe market size and forecast, by services

6.4. ASIA-PACIFIC

6.4.1. Key market trends, growth factors and opportunities
6.4.2. Asia-Pacific market size and forecast, by country
6.4.3. Asia-Pacific market size and forecast, by waste type
6.4.4. Asia-Pacific market size and forecast, by services
6.4.5. Asia-Pacific market size and forecast, by country

6.4.5.1. Japan market size and forecast, by waste type
6.4.5.2. Japan market size and forecast, by services
6.4.5.3. China market size and forecast, by waste type
6.4.5.4. China market size and forecast, by services
6.4.5.5. South Korea market size and forecast, by waste type
6.4.5.6. South Korea market size and forecast, by services
6.4.5.7. India market size and forecast, by waste type
6.4.5.8. India market size and forecast, by services
6.4.5.9. Rest of Asia-Pacific market size and forecast, by waste type
6.4.5.10. Rest of Asia-Pacific market size and forecast, by services

6.5. LAMEA

6.5.1. Key market trends, growth factors and opportunities
6.5.2. LAMEA market size and forecast, by country
6.5.3. LAMEA market size and forecast, by waste type
6.5.4. LAMEA market size and forecast, by services
6.5.5. LAMEA market size and forecast, by region

6.5.5.1. Latin America market size and forecast, by waste type
6.5.5.2. Latin America market size and forecast, by services
6.5.5.3. Middle East market size and forecast, by waste type
6.5.5.4. Middle East market size and forecast, by services
6.5.5.5. Africa market size and forecast, by waste type
6.5.5.6. Africa market size and forecast, by services

Chapter: 7: COMPANY PROFILE

7.1. CLEAN HARBORS, INC.

7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Product portfolio
7.1.5. Business performance
7.1.6. Key strategic moves and developments

7.2. DAISEKI CO., LTD.

7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Operating business segments
7.2.4. Product portfolio
7.2.5. Business performance
7.2.6. Key strategic moves and developments

7.3. WASTE MANAGEMENT INC.

7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Product portfolio
7.3.5. Business performance
7.3.6. Key strategic moves and developments

7.4. SUEZ

7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments
7.4.4. Product portfolio
7.4.5. Business performance
7.4.6. Key strategic moves and developments

7.5. ADVANCED DISPOSABLE SERVICES

7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.5.4. Product portfolio
7.5.5. Business performance
7.5.6. Key strategic moves and developments

7.6. VEOLIA ENVIORNMENT S.A.

7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Product portfolio
7.6.5. Business performance
7.6.6. Key strategic moves and developments

7.7. COVANTA HOOLDING CORPORATION

7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Operating business segments
7.7.4. Product portfolio
7.7.5. Business performance

7.8. BIFFA

7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Operating business segments
7.8.4. Product portfolio
7.8.5. Business performance
7.8.6. Key strategic moves and developments

7.9. HITACHI ZOSEN CORPORATION

7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Operating business segments
7.9.4. Product portfolio
7.9.5. Business performance

7.10. REMONDIS SE & CO. KG

7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Product portfolio
7.10.4. Key strategic moves and developments

LIST OF TABLES

TABLE 01. GLOBAL WASTE MANAGEMENT MARKET REVENUE, BY TYPE OF WASTE, 2016-2023 ($BILLION)
TABLE 02. WASTE MANAGEMENT MARKET, FOR MUNICIPAL WASTE, BY REGION, 2016-2023 ($BILLION)
TABLE 03. INDUSTRIAL WASTE MARKET REVENUE, BY REGION, 2014-2023 ($BILLION)
TABLE 04. GLOBAL WASTE MANAGEMENT MARKET REVENUE, BY SERVICES, 2016-2023 ($BILLION)
TABLE 05. COLLECTION WASTE MANAGEMENT MARKET REVENUE, BY REGION, 2016-2023 ($BILLION)
TABLE 06. DISPOSABLE WASTE MANAGEMENT MARKET REVENUE, BY REGION, 2016-2023 ($BILLION)
TABLE 07. WASTE MANAGEMENT MARKET, BY REGION, 2016–2023 ($BILLION)
TABLE 08. NORTH AMERICA WASTE MANAGEMENT MARKET, BY COUNTRY, 2016–2023 ($BILLION)
TABLE 09. NORTH AMERICA WASTE MANAGEMENT MARKET, BY WASTE TYPE, 2016–2023 ($BILLION)
TABLE 10. NORTH AMERICA WASTE MANAGEMENT MARKET REVENUE, BYSERVICES, 2016–2023 ($BILLION)
TABLE 11. U.S. WASTE MANAGEMENT MARKET, BY WASTE TYPE, 2016–2023 ($BILLION)
TABLE 12. U.S. WASTE MANAGEMENT MARKET, BY SERVICES, 2016–2023 ($BILLION)
TABLE 13. CANADA WASTE MANAGEMENT MARKET, BY WASTE TYPE, 2016–2023 ($BILLION)
TABLE 14. CANADA WASTE MANAGEMENT MARKET, BY SERVICES, 2016–2023 ($BILLION)
TABLE 15. MEXICO WASTE MANAGEMENT MARKET, BY WASTE TYPE, 2016–2023 ($BILLION)
TABLE 16. MEXICO WASTE MANAGEMENT MARKET, BY SERVICES, 2016–2023 ($BILLION)
TABLE 17. EUROPE WASTE MANAGEMENT MARKET, BY COUNTRY, 2016–2023 ($BILLION)
TABLE 18. EUROPE WASTE MANAGEMENT MARKET, BY WASTE TYPE, 2016–2023 ($BILLION)
TABLE 19. EUROPE WASTE MANAGEMENT MARKET, BY SERVICES, 2016–2023 ($BILLION)
TABLE 20. GERMANY WASTE MANAGEMENT MARKET, BY WASTE TYPE, 2016–2023 ($BILLION)
TABLE 21. GERMANY WASTE MANAGEMENT MARKET, BY SERVICES, 2016–2023 ($BILLION)
TABLE 22. FRANCE WASTE MANAGEMENT MARKET, BY WASTE TYPE, 2016–2023 ($BILLION)
TABLE 23. FRANCE WASTE MANAGEMENT MARKET, BY SERVICES, 2016–2023 ($BILLION)
TABLE 24. UK WASTE MANAGEMENT MARKET, BY WASTE TYPE, 2016–2023 ($BILLION)
TABLE 25. UK WASTE MANAGEMENT MARKET, BY SERVICES, 2016–2023 ($BILLION)
TABLE 26. RUSSIA WASTE MANAGEMENT MARKET, BY WASTE TYPE, 2016–2023 ($BILLION)
TABLE 27. RUSSIA WASTE MANAGEMENT MARKET, BY SERVICES, 2016–2023 ($BILLION)
TABLE 28. REST OF EUROPE WASTE MANAGEMENT MARKET, BY WASTE TYPE, 2016–2023 ($BILLION)
TABLE 29. REST OF EUROPE WASTE MANAGEMENT MARKET, BY SERVICES, 2016–2023 ($BILLION)
TABLE 30. ASIA-PACIFIC WASTE MANAGEMENT MARKET, BY COUNTRY, 2016–2023 ($BILLION)
TABLE 31. ASIA-PACIFIC WASTE MANAGEMENT MARKET, BY WASTE TYPE, 2016–2023 ($BILLION)
TABLE 32. ASIA-PACIFIC WASTE MANAGEMENT MARKET, BY SERVICES, 2016–2023 ($BILLION)
TABLE 33. JAPAN WASTE MANAGEMENT MARKET, BY WASTE TYPE, 2016–2023 ($BILLION)
TABLE 34. JAPAN WASTE MANAGEMENT MARKET, BY SERVICES, 2016–2023 ($BILLION)
TABLE 35. CHINA WASTE MANAGEMENT MARKET, BY WASTE TYPE, 2016–2023 ($BILLION)
TABLE 36. CHINA WASTE MANAGEMENT MARKET, BY SERVICES, 2016–2023 ($BILLION)
TABLE 37. SOUTH KOREA WASTE MANAGEMENT MARKET, BY WASTE TYPE, 2016–2023 ($BILLION)
TABLE 38. SOUTH KOREA WASTE MANAGEMENT MARKET, BY SERVICES, 2016–2023 ($BILLION)
TABLE 39. INDIA WASTE MANAGEMENT MARKET, BY WASTE TYPE, 2016–2023 ($BILLION)
TABLE 40. INDIA WASTE MANAGEMENT MARKET, BY SERVICES, 2016–2023 ($BILLION)
TABLE 41. ASIA-PACIFIC AIR COMPRESSOR MARKET VOLUME, BY COUNTRY, 2014–2023 (THOUSAND UNITS)
TABLE 42. REST OF ASIA-PACIFIC WASTE MANAGEMENT MARKET, BY SERVICES, 2016–2023 ($BILLION)
TABLE 43. LAMEA WASTE MANAGEMENT MARKET, BY COUNTRY, 2016–2023 ($BILLION)
TABLE 44. LAMEA WASTE MANAGEMENT MARKET, BY WASTE TYPE, 2016–2023 ($BILLION)
TABLE 45. LAMEA WASTE MANAGEMENT MARKET, BY SERVICES, 2016–2023 ($BILLION)
TABLE 46. LATIN AMERICA WASTE MANAGEMENT MARKET, BY WASTE TYPE, 2016–2023 ($BILLION)
TABLE 47. LATIN AMERICA WASTE MANAGEMENT MARKET, BY SERVICES, 2016–2023 ($BILLION)
TABLE 48. MIDDLE EAST WASTE MANAGEMENT MARKET, BY WASTE TYPE, 2016–2023 ($BILLION)
TABLE 49. MIDDLE EAST WASTE MANAGEMENT MARKET, BY SERVICES, 2016–2023 ($BILLION)
TABLE 50. AFRICA WASTE MANAGEMENT MARKET, BY WASTE TYPE, 2016–2023 ($BILLION)
TABLE 51. AFRICA WASTE MANAGEMENT MARKET, BY SERVICES, 2016–2023 ($BILLION)
TABLE 52. CLEAN HARBORS, INC.: COMPANY SNAPSHOT
TABLE 53. CLEAN HARBORS, INC.: OPERATING SEGMENTS
TABLE 54. CLEAN HARBORS, INC.: PRODUCT PORTFOLIO
TABLE 55. DAISEKI CO.,LTD.: COMPANY SNAPSHOT
TABLE 56. DAISEKI CO.,LTD.: OPERATING SEGMENTS
TABLE 57. DAISEKI CO.,LTD.: PRODUCT PORTFOLIO
TABLE 58. WASTE MANAGEMENT INC.: COMPANY SNAPSHOT
TABLE 59. WASTE MANAGEMENT INC.: OPERATING SEGMENTS
TABLE 60. WASTE MANAGEMENT INC.: PRODUCT PORTFOLIO
TABLE 61. SUEZ: COMPANY SNAPSHOT
TABLE 62. SUEZ: OPERATING SEGMENTS
TABLE 63. SUEZ: PRODUCT PORTFOLIO
TABLE 64. ADVANCED DISPOASBLE SERVICES: COMPANY SNAPSHOT
TABLE 65. ADVANCED DISPOASBLE SERVICES: OPERATING SEGMENTS
TABLE 66. ADVANCED DISPOASBLE SERVICES: PRODUCT PORTFOLIO
TABLE 67. VEOLIA ENVIORNMENT S.A.: COMPANY SNAPSHOT
TABLE 68. VEOLIA ENVIORNMENT S.A.: OPERATING SEGMENTS
TABLE 69. VEOLIA ENVIORNMENT S.A.: PRODUCT PORTFOLIO
TABLE 70. COVANTA HOLDING CORPORATION : COMPANY SNAPSHOT
TABLE 71. COVANTA HOLDING CORPORATION : OPERATING SEGMENTS
TABLE 72. COVANTA HOLDING CORPORATION : PRODUCT PORTFOLIO
TABLE 73. BIFFA: COMPANY SNAPSHOT
TABLE 74. BIFFA: OPERATING SEGMENTS
TABLE 75. BIFFA: PRODUCT PORTFOLIO
TABLE 76. HITACHI ZOSEN CORPORATION: COMPANY SNAPSHOT
TABLE 77. HITACHI ZOSEN CORPORATION: OPERATING SEGMENTS
TABLE 78. HITACHI ZOSEN CORPORATION: PRODUCT PORTFOLIO
TABLE 79. REMONDIS SE & CO. KG: COMPANY SNAPSHOT
TABLE 80. REMONDIS SE & CO. KG: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01. GLOBAL WASTE MANAGEMENT MARKET, 2016-2023
FIGURE 02. GLOBAL WASTE MANAGEMENT MARKET, BY COUNTRY, 2016-2023
FIGURE 03. GLOBAL AIR COMPRESSOR MARKET: KEY PLAYERS
FIGURE 04. TOP INVESTMENT POCKETS
FIGURE 05. MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 06. MODERATE-TO-HIGH BARGAINING POWER OF BUYERS
FIGURE 07. MODERATE THREAT OF SUBSTITUTES
FIGURE 08. MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 09. HIGH COMPETITIVE RIVALRY
FIGURE 10. KEY PLAYER POSITIONING
FIGURE 11. DRIVERS, RESTRAINTS: GLOBAL AIR COMPRESSOR MARKET
FIGURE 12. WASTE MANAGEMENT MARKET, BY REGION
FIGURE 13. CLEAN HARBORS, INC.: NET SALES, 2014–2016 ($BILLION)
FIGURE 14. CLEAN HARBORS, INC.: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 15. CLEAN HARBORS, INC.: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 16. DAISEKI CO.,LTD.: NET SALES, 2014–2016 ($BILLION)
FIGURE 17. DAISEKI CO.,LTD.: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 18. WASTE MANAGEMENT INC.: NET SALES, 2015–2017 ($BILLION)
FIGURE 19. WASTE MANAGEMENT INC.: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 20. SUEZ: NET SALES, 2014–2016 ($BILLION)
FIGURE 21. SUEZ: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 22. SUEZ: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 23. ADVANCED DISPOASBLE SERVICES: NET SALES, 2015–2017 ($BILLION)
FIGURE 24. ADVANCED DISPOASBLE SERVICES: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 25. ADVANCED DISPOASBLE SERVICES: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 26. VEOLIA ENVIORNMENT S.A.: NET SALES, 2015–2017 ($BILLION)
FIGURE 27. VEOLIA ENVIORNMENT S.A.: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 28. COVANTA HOLDING CORPORATION : NET SALES, 2014–2016 ($BILLION)
FIGURE 29. COVANTA HOLDING CORPORATION : REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 30. COVANTA HOLDING CORPORATION: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 31. BIFFA: NET SALES, 2015–2017 ($BILLION)
FIGURE 32. BIFFA: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 33. BIFFA: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 34. HITACHI ZOSEN CORPORATION: NET SALES, 2014–2016 ($BILLION)
FIGURE 35. HITACHI ZOSEN CORPORATION: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 36. HITACHI ZOSEN CORPORATION: REVENUE SHARE BY GEOGRAPHY, 2016 (%)

 

Waste management is the precise name for the collecting, transporting, disposing, or recycling and monitoring of waste. As per the data released by United Nations Department of Economic and Social Affairs, share of urban population across the globe is projected to reach 66% by 2050 when compared with 52% in 2014, which will result in increased quantity of waste generation by the public. Increase in generation of industrial and municipal waste coupled with stringent regulations to eradicate the disposal of non-hazardous leftovers foster the market growth.

Market players also focus on product launch and acquisition to expand their presence in the market and improve their offerings. For instance, Casella Waste Systems Inc. acquired Complete Disposal Company, Inc., an integrated solid waste services provider in the greater Holyoke, MA and its subsidiary United Material Management of Holyoke, Inc.
Opportunities such as usage of IoT technologies, digital applications, and usage of big data are expected to revolutionize the solid waste management industry.

 

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