Wet waste management is mainly the idea of taking care of food scraps, meat &bones, agricultural waste, medical waste, shredded paper, and others. The global crisis led by waste and subsequently, landfill-related problems are driving governments into adopting initiatives that would handle the global wet waste management market quite effectively. The global wet waste management market is expecting an impressive CAGR during the forecast period (2017-2023).
Market Research Future (MRFR), in their report, identified several factors as possible wet waste management market influencers. Among them, technological integration, growing awareness, better construction with facilities to compost wet wastes, and private & government initiatives are deemed to play crucial roles.
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Competitive Landscape:
Several companies are showing keen interest in taking up projects that would take the cause of the wet waste management market ahead. These companies are SUEZ Environment Co. S.A. (France), Clean Harbors Inc. (U.S.), Republic Services Inc. (U.S.), Veolia Environment S.A. (France), Covanta Energy Corporation (U.S.), Waste Management Inc. (U.S.), Stericycle (U.S.), Advanced Disposal Services, Inc. (U.S.), Remondis SE & Co. Kg (Germany), Progressive Waste Solution Ltd. (Canada), Eco Wise Waste Management Pvt. Ltd. (India), Sampurn(e)arth Environment Solutions Pvt. Ltd. (India), Fomento de Construcciones y Contratas (Spain), Waste Ventures India (India), and Panda Recycling (Ireland). MRFR, in their report, profiled these companies for a better understanding of the market trends.
In June 2019, Bengaluru government announced their intention of asking residents to compost their wet waste at their home. This step is to reduce the responsibility of the government officials and make residents aware of the problem and start taking better care of them at the root.
Segmental Analysis:
The global Wet Waste Management Market has been segmented by MRFR in their report into service & equipment, source, and waste type for better insights.
Based on the service & equipment, the wet waste management market includes collection & transportation, sorting, processing, storage, and disposal & landfill. The processing segment has the maximum share of the global wet waste management market and is to retain the dominance over the review period. This growth can be accredited to the to growing population, growing waste generation and management services.
Based on the source, the wet waste management market includes household & municipal waste, healthcare & medical waste, commercial waste, industrial waste, and other waste. The household & municipal waste had the maximum share in 2016 and is expected to top the market in the coming years as well.
Based on the waste type, the wet waste management market encompasses shredded paper, food scrap, meat & bones, medical waste, agricultural waste, and others. The food is one of the most prominent segments in the world as a large amount of food get scrapped every day.
Regional Analysis:
The global wet waste management fragmented, as per the report of MRFR, into four regions namely North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).
The APAC region is both the largest market and the expected highest growth rate achiever in the world. Improved economic conditions, better awareness regarding wet waste management, technological integration, and heightened government initiatives are expected to play in favor of the global market. The region has also realized the potential to convert this waste into energy.
Europe ranked second in 2016. The regional market for wet waste management is thriving on government initiatives to ensure minimal waste output. Various schemes are followed to ensure minimum waste output. At the same time, people are quite concerned about health and hygiene owing to which the focus on wet waste management is quite high. North America is also showing substantial growth. The U.S. and Canada are leading the regional market ahead. The idea to use wet waste as fuel has impacted the regional authorities quite a lot. Driven by this, the regional market is progressing.
Table of Content
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
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
Continued……..
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List of Tables
Table 1 Global Wet Waste Management Market: by Region, 2017-2023
Table 2 North America Wet Waste Management Market: by Country, 2017-2023
Table 3 Europe Wet Waste Management Market: by Country, 2017-2023
Table 4 Asia-pacific Wet Waste Management Market: by Country, 2017-2023
Table 5 Row Wet Waste Management Market: by Country, 2017-2023
Table 6 Global Wet Waste Management Market by Service & Equipment , by Regions, 2017-2023
Table 7 North America Wet Waste Management Market by Service & Equipment , by Country, 2017-2023
Continued………
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Continued……..
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