Wet Waste Management Market 2019: Industry Size, Share, Trends, Growth, Regional Analysis and Segmentation By Service & Equipment (Collection & Transportation, Processing, Disposal), Source (Industrial, Municipal, Commercial, Healthcare & Medical), Waste Type (Food Scrap, Meat & Bones, Agricultural Waste, Medical Waste) and Region To 2023
Pune , India – January 11, 2019 —
Wet waste is the organic waste, which is usually heavy in weight due to dampness and can be isolated on the basis of biodegradable and non-biodegradable waste. Wet waste primarily comprises of food scrap, meat &bones, agricultural waste, medical waste, shredded paper, and others. Wet waste management is a process of composting the waste for the production of manure, biogas, etc. Moreover, composting is a process of crushing down the organic matter in the presence of air. Compost is the end product of composting, usually rich in readily usable plant nutrients forming a part of the fertile soil. Additionally, removal of waste from public areas helps in reducing risks associated with health and hygiene, diminishing exposure to biohazards and also diminishes infestation of pests. Wet waste management also produces waste energy, which can be further utilized and deployed to generate electricity.
Growing awareness for the wet waste management is a vital factor propelling the global wet waste management market. Additionally, the introduction of new wet waste management technologies such as waste to energy solutions is further augmenting the overall growth of the wet waste management market. Increasing environmental sustainability and increasing utilization of the eco-friendly fuels are the prime elements driving the growth of the global wet waste management market. Growing government initiatives to spread wet waste management awareness among the population is further anticipated to boost the overall global wet waste management market over the forecast period.
The global wet waste management market is expected to grow at a CAGR of ~ 5% during the forecast period 2018-2023.
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• Clean Harbors Inc. (U.S.)
• SUEZ Environment Co. S.A. (France)
• Veolia Environment S.A. (France)
• Republic Services Inc. (U.S.)
• Waste Management Inc. (U.S.)
• Republic Services Inc. (U.S.)
• Covanta Energy Corporation(U.S.)
• Advanced Disposal Services Inc. (U.S.)
• Stericycle (U.S.)
• Progressive Waste Solution Ltd. (Canada)
These are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Wet Waste Management Market.
Wet Waste Management Global Market 2019 Competitive Snapshot
The global Wet Waste Management market is characterized by the presence of many global, regional, and local vendors. The market is highly competitive with all the players competing to gain market share. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are key factors that confront market growth. In addition, in-house research and development capabilities, global footprint network, material offerings, R&D investments, and strong client base have become the key areas to gain an edge over the competitors.
The vendors compete based on cost, product quality, reliability, and aftermarket service. It is crucial for the vendors to provide cost-efficient and high-quality Wet Waste Management services, in order to survive and succeed in an intensely competitive market environment.
The vendors with better technical and financial resources can develop innovative products that render the competitors’ products obsolete and non-competitive even before they are launched, or costs are recovered. Therefore, vendors have to develop new technologies and stay abreast of emerging technologies that could affect the continuing competitiveness of their product lines in the market. The competitive environment in the market is likely to intensify further due to an increase in product/service extensions, technological innovations, and M&A.
Wet Waste Management Market – Segmentation
The Global Wet Waste Management Market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Waste Type: Comprises Food Scrap, Agricultural Waste, Medical Waste, Others.
Segmentation by Service & Equipment: Comprises Collection & Transportation, Processing, Disposal
Segmentation by Source: Comprises Industrial, Commercial, Medical and Others
Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Global Wet Waste Management Market
The global wet waste management is majorly fragmented into four regions namely North America, Europe, Asia Pacific, and Rest of the World. Among these, Asia Pacific is anticipated to grow at highest CAGR and hold the largest market share in the global wet waste management market. The growing awareness for wet waste management of the region with forthcoming advanced new technologies such as waste to energy solution, also the growing utilization of eco-friendly materials and increasing ecological sustainability concerns, improved economic conditions of major emerging nations. All these factors are majorly contributing towards the evolution of the wet waste management market in Asia Pacific region.
Europe held the second largest market share in 2016. The market for wet waste management is primarily driven due to the increasing government initiatives and support schemes to promote waste management. All the major countries in Europe have sponsored various private players in the waste management through their municipal commission at the city level to promote health and hygiene benefits across the population. North American countries are practicing wet waste management techniques from the last few decades and are expected to witness the same stagnant growth over the forecast period. The U.S. and Canada are the prominent countries, which are immensely concentrating on promoting wet waste management at an extensively level to obtain compost for farms and biofuels as transport fuels.
Table of Content
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Bargaining Power of Suppliers
3.1.4 Threat of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
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Name: Abhishek Sawant
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Organization: Market Research Future
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This news is published on Reuters.