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The daily waste is commonly known as garbage or trash or rubbish is mainly consisting of items discarded by the people. Commercial Waste Treatment Disposal is the process of collecting, transporting of sewage, garbage and other waste items. The procedure involves treating solid waste out of the collected products and disposing the unwanted ones in an efficient and safe manner. The global Commercial Waste Management Market has recorded a praiseworthy growth over the past two decades. The increase in globalization and rise in population across the globe has been a major factor driving the growth of the industry. The rise in the population led to massive increase in the production of waste materials which in turn caused a need for proper waste management. Moreover, the rise in awareness regarding the proper waste management has also been acting as a major factor driving the growth of the market.The global commercial waste management market was valued USD 141.56 Bn in 2018 and is projected to show noteworthy growth with CAGR of 6.7% over the forecast period.
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The increase urbanization on global level including developing regions has given rise to the increase in number of industries. The increase in industrialization among these emerging economies has caused a development of medical, automobile, oil & gas and chemical industries that ends up generating enormous amount of waste and causes pollution. This is another crucial aspect responsible behind the upsurge in the industry growth. In addition to that, several governments and private organizations are actively taking efforts in order to reduce illegal dumping. This increased number of initiatives taken is anticipated to propel the performance for Commercial Waste Management industry. Owing to this number and the lucrative opportunities offered by them numerous waste management companies have adopted strategies like business partnership, agreement, acquisitions and expansion in order to offer better services in the market. These market programs are also adding fuel to the industry growth process.
The recently occurred COVID-19 pandemic has affected the Commercial Waste Management drastically as the commercial sector as industries and offices were completely or partially shut down due to the regulations imposed by the government. Nevertheless, due to rising demand for recyclable material like plastic and rubber and decline in manufacturing operations of new products there has been a significant increase in disposal of waste in landfills and temporary dumps which in turn has boosted the growth for the Commercial Waste Management market. However, the industry growth is anticipated to be impeded by the factors like high cost of operating and procuring waste management solutions. Conversely, introduction of vaccines and reopening of production facilities are expected to lead to re-initiation of commercial waste management market at its full-scale capacities. Additionally, the emerging need for waste-to-energy solutions and rise in demand from government and public agencies for these solutions is anticipated to offer lucrative growth opportunities to manufacturers and vendors across the globe.
Suez Environnement SA, Veolia Environnement SA, Republic Services, Waste Connections, Clean Harbors, Covanta, Rubicon Global, Waste Management and Biffa are examples of some of the major companies operating in the commercial waste management market.
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Key segments of the global commercial waste management market
Component Overview, 2015-2025 (USD Million)
Equipment
Service
Product Overview, 2015-2025 (USD Million)
Non-food waste
Food waste
Application Overview, 2015-2025 (USD Million)
Collection
Disposal
Transfer
Others
Regional Overview, 2015-2025 (USD Million)
North America
U.S.
Canada
Europe
UK
Rest of Europe
Asia Pacific
China
India
Japan
Rest of Asia Pacific
Central & South America
Middle East & Africa
Some Major Points from Table of Contents:
Chapter 8. Market Competition Analysis
8.1. Porter’s five forces analysis
8.2. Market ranking of key players
8.2.1. By service
8.2.2. By equipment
8.3. Company mapping by offerings
8.3.1. By service
8.3.2. By equipment
Chapter 9. Company Profiles
9.1. Veolia Environnement S.A.
9.1.1. Company overview
9.1.2. Product offerings
9.1.3. Key financials
9.1.4. Recent initiative
9.2. Suez SA
9.2.1. Company overview
9.2.2. Product offerings
9.2.3. Key financials
9.2.4. Recent initiative
9.3. Waste Management, Inc.
9.3.1. Company overview
9.3.2. Product offerings
9.3.3. Key financials
9.3.4. Recent initiative
9.4. Clean Harbors
9.4.1. Company overview
9.4.2. Product offerings
9.4.3. Key financials
9.4.4. Recent initiative
9.5. Waste Connections
9.5.1. Company overview
9.5.2. Product offerings
9.5.3. Key financials
9.5.4. Recent initiative
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