Valued at $1.8 trillion by 2026, industrial waste management is expected to experience robust growth worldwide
SAN FRANCISCO, June 29, 2022 /PRNewswire/ — New market research published by Global Industry Analysts Inc., (GIA), the leading market research firm, today released its report titled “Industrial Waste Management – Global Market Trajectory and Analysis”. The report presents new insights into the opportunities and challenges in a significantly transformed post COVID-19 market.
FACTS AT A GLANCE
Editing: seven; Published: January 2022
Executive Pool: 1194
Companies: 19 – Players covered include Clean Harbors, Inc.; Daiseki Co., Ltd. ; Enviroserv Waste Management (Pty) Ltd. ; Remondis AG & Co. KG; Republic Services, Inc.; Suez Environment SA; Veolia Environment SA; Waste Management, Inc. and others.
Cover: All major geographies and key segments
segments: Segment (Collection, Recycling, Incineration, Landfill)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; and rest of Europe); Asia Pacific; Rest of the world.
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Global industrial waste management market to reach $1.8 trillion by 2026
Amid COVID-19 crisis, Global Industrial Waste Management Market Estimated at US$1.2 trillionis expected to reach a revised size of US$1.8 trillion by 2026, growing at a CAGR of 7.5% over the analysis period. Collection, one of the segments analyzed in the report, is expected to register a CAGR of 7.3% and reach US$1.2 trillion at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Recycling segment is readjusted to a revised CAGR of 8.4% for the next 7-year period.
The US market is estimated at $375.4 billion in 2021, when China is expected to reach $315.8 billion by 2026
The industrial waste management market in the United States is estimated at US$375.4 billion in the year 2021. Chinathe second largest economy in the world, is expected to reach a projected market size of US$315.8 billion by 2026 at a CAGR of 7% over the analysis period. Other notable geographic markets include Japan and Canada, each predicting growth of 7% and 6.1% respectively over the analysis period. In Europe, Germany is expected to grow at around 6.1% CAGR.
Incineration segment to reach US$213.1 billion by 2026
In the global Incineration segment, UNITED STATES, Canada, Japan, China and Europe will drive the CAGR of 6.9% estimated for this segment. These regional markets representing a combined market size of US$114.3 billion will reach a projected size of US$181.8 billion at the end of the analysis period. China will remain among the most dynamic in this group of regional markets. After
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SOURCE Global Industry Analysts, Inc.