Waste Management Market Overview
The global waste management market is valued at approximately $403 billion whereas the amount of global waste is increasing on a daily basis which is expected to reach 2.2 billion tons by 2025. The waste management market is quite mature in economically developed regions such as Europe and North America. However, the adoption of waste management is still low in emerging economies such as those in LATAM and APAC. The European region leads in waste management as the region is expected to spend approximately $5.4 billion in reuse and safe disposal with Germany recycling and reusing more than 75 percent of its total waste.
The report provides a thorough analysis of the adoption of waste management systems in different regions across the globe. The report discusses both mature and non-mature markets in detail along with factors such as specific growth drivers and challenges. Some other aspects of the global waste management market discussed in the report include regional market outlook, the latest technological innovations in the industry, industry best practices, and competitor case studies. The report also provides information on revenue generation and cost saving opportunities in several types of waste management through different processes and practices.
Beroe gathers intelligence through primary sources that include industry experts, researchers, and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations. Following data collation, analysis, and strategic review, the Final Research Report is published on Beroe LiVE.
Waste Management Market Trends
Category Intelligence on Waste Management covers the following
- Information relating to market, supply, cost, and pricing analysis
- Hard to find data on cost and TCO models, supplier details, and performance benchmarks
- Macroeconomic and regional trends impacting cost, supply, and other market dynamics
- Category-specific negotiation and sourcing advice
Industry Outlook & Drivers
Waste Management Global Industry Outlook
The global waste management market was valued at $492 billion in 2016. This includes both hazardous and non-hazardous waste
- The market is forecasted to grow at a CAGR of 3–4 percent to $508 billion by 2017
- Regions such as Western Europe, North America and some parts of Asia Pacific (APAC), including Australia, Japan and Hong Kong, have high market maturity
- APAC and parts of Latin America (LATAM) are expected to be the potential growth markets for WM services by 2020
- The top global service providers in the smart waste management market are Veolia Environmental Services, Suez Environment, Remondis, Urbaser, Fcc Environment, and Clean Harbors.
- Waste management market research shows that the KPIs are on-site waste segregation and collection, sustainable waste disposal, effective waste treating methods, regulatory compliances, and extent of area coverage.
- Absence of major suppliers’ direct operational presence across locations in a particular region leads to subcontracting of services.
- Subcontracting of services usually leads to variation in quality of the services performed and difficulties in managing multiple suppliers for buyers; hence, it is avoided by buyers as much as possible in the waste management market.
- By outsourcing waste management services to a single supplier, buyers can leverage synergies in various services based on service provider capabilities. Synergies exist in collection, segregation, proper waste treatment, recycling, and disposal.
- Proper segregation of recyclable waste at the source and disposing it to the right supplier would save significant costs involved in waste disposal. Suppliers basically charge less for recycling/disposing recyclables, as they have a substantial resale value.
- Engaging with a single WM supplier would allow buyers to realize operational benefits and cost savings and achieve economies of scale.
- Centralized procurement through a regional model will help buyers to re-examine their budgets on a regional scale
Waste Management Global Market Maturity
Waste management market maturity is still very low outside of Europe, and North America. This is due to the lack of stringent adoption of WM services
- A long-term waste management contract is somewhere between a 10–25 year period
- APAC and LATAM are witnessing a gradual transition towards proper WM services due to efforts by large global buyers to consolidate supply bases
Waste Management Industry Trends
Increasing levels of sustainable disposal of waste and adoption of integrated strategies on a global scale signal are increasing buyer maturity and willingness to partner with suppliers. Suppliers are also improving their supply capabilities while adopting performance-based metrics for evaluation and monitoring of performance
- LATAM is far behind North America with respect to all growing trends. Stringent measures are being adopted to streamline waste disposal in a legal and sustainable method across LATAM
Europe has targeted to achieve the circular economy model across all types of waste. The rate of technology adoption is high across Europe
- APAC is in the nascent stage across most industry trends, and it has a huge growth potential in the coming years, mainly in regulatory change and revenue-generating opportunity trends
Why You Should Buy This Report
- Information about the waste management market size, sourcing trends, changes in regulation, latest trends in the smart waste management market, waste management industry outlook, and waste management industry trends.
- Major drivers and constraints, regional market outlook, Porter’s five force analysis of developed and emerging markets.
- Supply market outlook, key profile and SWOT analysis of major suppliers like Veolia Environmental Services, Suez Environment, REMONDIS, etc.
- Cost structure analysis, cost breakup, pricing analysis, waste management industry price forecast.
- Best sourcing and pricing models.