Waste Treatment Disposal Market: Global Industry Analysis and Forecast, 2015 – 2021
Waste treatment disposal comes under waste management process. Waste management comprises all the activities and actions required to manage the waste from its founding to its final disposal. These activities include collection, transportation, treatment, and disposal of waste along with monitoring and regulation. It also comprises the legal and regulatory framework that concerns with waste management including guidance on recycling and so on. Waste treatment disposal is attributed to reduce adverse effects of waste on the environment, the health, or the aesthetics. Different types of waste include the waste generated during the extraction of raw materials, the consumption of final products, the processing of raw materials into intermediate and final products, or other human activities such as municipal (residential, institutional, and commercial), agricultural, and social (health care, household hazardous wastes, and sewage sludge). The waste treatment disposal practices may differ as per countries, regions, and sectors.
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Growing concerns from governments, enterprises, and the general population regarding the environmental consequences of the huge amount of waste generated on a daily basis is the major factor boosting the growth of the global waste treatment disposal market. Moreover, an effort taken for recycling, reusing, and refusing solid waste by the large waste management companies in order to manage the growing volume of solid waste will positively impact the global waste treatment disposal market in the near future. Major factors boosting the growth of the global market are increasing population, growing personal consumption expenditure, increasing prospects of recycled products, and rising numbers of housing starts. Conversely, resilient contracting requirements, limited space for landfills, lack of awareness about recycled products, costly process, and changing waste composition are factors hindering the growth of the global market.
On the basis of the waste type, the global waste treatment disposal market is segmented as municipal, agricultural, social, and industrial. The municipal waste segment is further sub-segmented as residential, institutional, and commercial, whereas the social segment is sub-segmented as health care, household hazardous wastes, and sewage sludge. Based on the disposal solution used, the global market is segmented as landfill, incineration, recycling, and re-use. The re-use segment is further sub-segmented as biological reprocessing, energy recovery, and pyrolysis.
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Europe and North America are expected to witness high demand for global waste treatment disposal services mainly owing to strict environmental and government norms relevant to the proper management and disposal of waste. Furthermore, developing economies in Asia-Pacific and the Rest of the World are anticipated to experience high growth due to the continual growth of countries such as India, Russia, Brazil, and China, and the rapid pace of industrialization in these countries.
Major players dominating the global waste treatment disposal market include EnviroSolutions Incorporated, Waste Connections Incorporated, Allied Waste Industries, Clean Harbors Incorporated, and Environmental Quality Company. Other key players influencing the global market are Casella Waste Systems Incorporated, Tyco International Limited, Waste Management Incorporated, and Waste Industries USA Incorporated.
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Waste treatment disposal Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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