BUSINESS: Industrial Waste Management Market 2021: In-Depth Research With Emerging Growth, Trends, Business Strategies And Industry Size Forecast To 2028

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By Daniel Webster, dWeb.News Publisher

Pune, India, Dec. 23, 2021 (GLOBE NEWSWIRE) — The global industrial waste management market size is expected to gain momentum by reaching USD 1,434.98 billion by 2028 while exhibiting a CAGR of 5.6% from 2021 to 2028. In its report titled “Industrial Waste Management Market, 2021-2028,” Fortune Business Insight mentions that the market stood at USD 937.06 billion in 2020 and is estimated to be USD 979.60 billion in 2021.

Today several developed and developing economies are widely focusing on the development of innovative technology and advanced scrap collection solutions such as advanced sensors are being deployed which alarms garbage management companies that bins are in full need to be serviced. Moreover, E-waste management is also gaining immense popularity around the world. For instance, Dubai’s municipality is installing smart weighbridges and electronics gates at all of its waste disposal sites to make them more sustainable. Such innovations and advancements in managing waste are expected to boost the market during the forecast period.

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What does the Report Provide?

The market report offers a methodical review of numerous factors such as the vital drivers and limitations that will influence growth. Furthermore, the report delivers understandings of the regional analysis that covers different regions, backing to the growth of the market. It comprises the competitive landscape that contains the leading companies and the adoption of approaches to introduce novel products, publicize partnerships, and collaborations to contribute to the market growth.

List of Key Players Profiled in Report

Suez (France)
Veolia Environment (France)
Waste Management Inc.(U.S.)
Stericycle (U.S.)
Remondis (Germany)
Daiseki Co. Ltd. (Japan)
Clean Harbors (U.S.)
Biffa (U.K.)
Covanta Energy (U.S.)
SembCorp (Singapore)
Republic Services, Inc. (U.S.)

Report Scope & Segmentation

Report Coverage
Forecast Period
2021 to 2028
Forecast Period 2021 to 2028 CAGR
2028 Value Projection
USD 1434.98 Billion
Base Year
Market Size in 2020
USD 937.06 Billion
Historical Data for
2017 to 2019
No. of Pages
Segments covered
Waste Type, Service, Region
Growth Drivers
Increasing E-Waste Management
Asia Pacific to Dominate Backed by Increasing Population in Region
Vital Players to Emphasize on New Launches to Reinforce their Market Prospectus

COVID-19 Impact

The ongoing COVID-19 pandemic situation has adversely impacted the market. The supply chain got disrupted as governments across various countries imposed travel bans and lockdowns. This resulted in the closure of companies and the unavailability of laborers. This reduces the scrap generated from the industries and ultimately leads to a decline in the adoption of such services. However, the medical waste segment generated a huge amount of leftovers amid the pandemic, as overall, gloves and face masks scrap increased by 350% which generates about 1200 tons of medical waste compared to the usual excessive leftovers of around 275 tons. Thus, the market is expected to flourish during the forecast period.

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Competitive Landscape

Vital Players to Emphasize on New Launches to Reinforce their Market Prospectus

The global market industrial waste management holds a huge number of significant companies that are incessantly trying to develop exclusive solutions to satisfy to the demand from across the world. In order to do so, they are collaborating with local or renowned firms, presenting new solutions to strengthen their portfolio in the market. Below is an industry development:

November 2020 – Mumbai’s biomedical waste incineration plant is anticipated to shift out of the city. This process is estimated to be concluded by February 2022.

Market Segmentation:

By waste type, the market is segmented into construction & demolition waste, manufacturing waste, chemical waste, mining waste, oil & gas waste, agriculture waste, nuclear waste, and others. By service the market is divided into landfill, recycling, and incineration.

Based on service, the landfill segment held a market share of 54.4% in 2020. This is attributable to its effective disposal method and it helps in preventing groundwater pollution as it ultimately impacts the environment and human life.

Finally, based on region, the market is categorized into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

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Regional Insights

The Asia Pacific to Dominate Backed by Increasing Population in Region

The Asia Pacific is expected to remain at the forefront and hold the highest position market during the forecast period. This is attributable to the rising population in the region. Additionally, the expansion of several industries generates a huge amount of scrap in the region. The region’s market stood at USD 320.85 billion in 2020.

North America is expected to showcase significant industrial waste management market share in upcoming years. This is attributable to the increasing awareness regarding the environmental impact caused by garbage. Additionally, stringent rules are imposed by the government on dumping scrap and garbage illegally. For instance, the U.S. government charged USD 7,500 per person for illegal dumping and burning of garbage.

Major Table of content:

Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions

Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities

Key Insights
Key Emerging Trends – For Major Countries
Latest Technological Advancement
Regulatory Landscape
Porters Five Forces Analysis

Qualitative Analysis – Impact of COVID-19
Impact of COVID-19 on the Industrial Waste Management Market
Steps Taken by the Government to Overcome the Impact
Key Developments by the Industry Players in Response to COVID-19
Potential Opportunities and Challenges due to COVID-19 Outbreak

Global Industrial Waste Management Market Analysis (USD Billion), Insights and Forecast, 2017-2028
Key Findings / Summary
Market Analysis, Insights and Forecast – By Waste Type
Construction & Demolition Waste
Manufacturing Waste
Chemical Waste
Mining Waste
Oil & Gas Waste
Agriculture Waste
Nuclear Waste

Market Analysis, Insights and Forecast – By Service

Market Analysis, Insights and Forecast – By Region
North America
Asia Pacific
Latin America
Middle East & Africa

TOC Continued…!

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Construction and Demolition Waste Management Market Size, Share & COVID-19 Impact Analysis, By Material (Concrete & gravel, Bricks and Ceramics, Asphalt and Tar, Timber and Wood Products, Metals, and Others), By Source (Demolition, Construction, and Renovation), By Service (Disposal, and Collection), and Regional Forecast, 2021-2028

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About Us:

Fortune Business Insights delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. We aim to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

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