Overview and Scope
Waste management services are those services that are involved in all aspects of waste management, from collection to recycling and monitoring. These services provide waste collection, treatment, and disposal services, remediation services, operating materials recovery facilities, or provide septic tank pumping and related services. Remediation services are those services involved in reversing or stopping environmental damage and the removal of polluted or contaminated soil, sediment, surface water, or groundwater.
Sizing and Forecast
The waste management and remediation services market size has grown strongly in recent years. It will grow from <b>$720.03 billion in 2023 to $775.91 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. </b> The growth in the historic period can be attributed to environmental regulations, waste generation, urbanization, industrial activities, 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 <b>$1028.91 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. </b> The growth in the forecast period can be attributed to circular economy initiatives, sustainability and green practices, technological advancements, e-waste management. Major trends in the forecast period include circular economy adoption, sustainability and environmental awareness, green infrastructure development, sustainable construction and demolition waste.
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Segmentation & Regional Insights
The waste management and remediation services market covered in this report is segmented –
1) By Type: Waste Collection, Waste Treatment And Disposal, Remediation Services, Other Waste Management Services
2) By Mode: Online, Offline
3) By Application: Residential, Manufacturing, Retail/Wholesale, Construction and Demolition
<b>Western Europe</b> 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.
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Major Driver Impacting Market Growth
An increase in waste generation across the globe is expected to propel the growth of the waste management and remediation services market. Waste generation encompasses the production of any items that are thrown away, regardless of whether they are recycled or dumped in a landfill. In order to lessen the negative consequences of waste on human health, the environment, and aesthetics, waste management is required, generating demand for waste management and remediation services. For instance, according to 2022 estimates by The World Bank, a US-based international financial institution, the world produced 2.24 billion tons of solid garbage in 2020, or 0.79 kg of rubbish per person every day. The annual waste generation is anticipated to rise by 73% from 2020 levels to 3.88 billion tons in 2050 due to increasing population expansion and urbanization. Therefore, an increase in waste generation is expected to drive the waste management and remediation services market going forward.
Key Industry Players
Major companies operating in the waste management and remediation services market include <b> 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.</b>
The waste management and remediation services market report table of contents includes:
1. Executive Summary
2. Waste Management And Remediation Services Market Characteristics
3. Waste Management And Remediation Services Product/Service Analysis -Product/Service Examples
4. Waste Management And Remediation Services Market Trends And Strategies
5. Waste Management And Remediation Services Market – Macro Economic Scenario
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68. Global Waste Management And Remediation Services Market Competitive Benchmarking
69. Global Waste Management And Remediation Services Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Waste Management And Remediation Services Market
71. Waste Management And Remediation Services Market Future Outlook and Potential Analysis
72. Appendix
Top Major Players:
Waste Management Inc
Republic Services Inc
Waste Connections Inc
Clean Harbors
Stericycle Inc
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