Waste management category covers mostly the industrial waste which can be hazardous and non-hazardous in nature.
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Waste Management Industry Benchmarks
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The industry average payment terms in Waste Management category for the current quarter is 55.0 days
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Waste Management market report transcript
Waste Management Global Industry Outlook
The global waste management market was valued at $403.71 billion in 2021 at a CAGR of 1.7 percent and is estimated to be at $410.57 billion in 2022, this includes both hazardous and non-hazardous waste
The market is forecasted to grow at a CAGR of 2–4 percent in 2023. The North America and parts of Europe are expected to be the potential growth markets for waste management services in 2023
In a short time, vessel fuel has doubled in price, and the diesel price for road transport has never been higher. This extra cost is added to transport prices, which very much affects the price-sensitive waste industry
The price impact on services and inclusion of new technologies will be a matter of concern for buyer
Waste Management Demand Market Outlook
The WM services demand was increased in Q4 2022, due to an increase in waste volumes both from commercial and real estate. Companies predict businesses to gain ground post-inflation highs with a minor supply-demand mismatch as waste company earnings stabilize in 2022.
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 service providers. service providers 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.
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