The waste management and remediation services market’s establishments are engaged in waste collection, treatment and disposal services, remediation services, materials recovery facilities, septic tank and related services.
Waste Management and Remediation Services Market Size
The global waste management and remediation services market was valued at $574.9 billion in 2017. North America was the largest geographic region accounting for $203.5 billion or 35.4% of the global market. The USA was the largest country accounting for $157.5 billion or 27.4% of the global waste management and remediation services market.
Waste Management and Remediation Services Market Trend
Waste management companies are using technologies such as Internet of Things (IoT) for better management of waste and recycling. IoT provides solutions such as route optimization and operational analytics to reducing costs. A waste management company called Enevo created a dumpster sensor and software system which can communicate with the waste management company and tell them whether the container is at full capacity, when it needs to be emptied allowing them to cut unnecessary costs. These sensors also can help the company forecast when a dumpster will be full, allowing them to plan ahead future routes.
The companies covered are Waste Management Inc, Republic Services Inc, Clean Harbors, Stericycle Inc, and Progressive Waste Solutions Ltd.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Waste Management and Remediation Services Market Segmentation
The waste management and remediation service market is segmented into Waste Collection; Waste Treatment And Disposal; Remediation Services; Other Waste Management Services.
Waste Collection group comprises establishments primarily engaged in collecting and hauling non-hazardous or hazardous waste within a local area. Establishments engaged in hazardous waste collection may be responsible for treating and packaging the waste for transport. Waste transfer stations are also included.
Waste Treatment And Disposal comprises establishments are primarily engaged in operating land fill sites, incinerators, or other treatment or disposal facilities for non-hazardous or hazardous waste. Establishments that integrate the collection, treatment and disposal of waste are also included.
Remediation Services comprises establishments primarily engaged in the remediation and clean-up of contaminated buildings, mine sites, soil or ground water. Establishments primarily engaged in integrated mine site reclamation activities, such as soil remediation, waste water treatment, hazardous material removal, contouring of land and revegetation, are also included.
Other Waste Management Services comprises establishments primarily engaged in (1) operating facilities for separating and sorting recyclable materials from nonhazardous waste streams (i.e., garbage) and/or (2) operating facilities where commingled recyclable materials, such as paper, plastics, used beverage cans, and metals, are sorted into distinct categories.