Global Waste Management Market Analysis 2022
The Global Waste Management Market is expected to reach $679.88 billion by 2028 growing at a CAGR of 7.0% from 2021 to 2028. Waste management is the collection, transportation, and disposal of garbage, sewage, and other waste products. Waste management includes all types of waste including solid, liquid, or gas.
Factors such as proactive government measures to reduce illegal dumping and increasing e-waste are driving the growth of the market. However, the lack of proper facilities for waste collection is restraining the growth of the market.
Based on application, the residential segment is going to have a lucrative growth during the forecast period due to the ever-increasing population and significant solid waste generation. Waste generated from residential end users can be used for generating energy through waste-to-energy plants by burning solid waste to produce steam in a boiler and can also be used to generate electricity.
The key vendors mentioned are Covanta Holding Corporation, Waste Management Inc, Biomedical Waste Solutions, Veolia Environment S.A., Urbaser, Suez Environment S.A., Republic Services, Remondis AG & Co. Kg, Hitachi Zosen Corporation, FCC Environment, Daiseki Co. Ltd, Clean Harbors Inc, Biffa Group, Advanced Disposal Services and Waste Connections.
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