The US Waste Management Market: Industry Analysis & Outlook

Transcription

1 Industry Research by Koncept Analytics The US Waste Management Market: Industry Analysis & Outlook August

2 Executive Summary Waste composition and volume largely depends upon the composition pattern of a country along with industrial and economic structures. Waste is largely generated from urban areas or municipalities, industrial, commercial and agricultural sectors. It mostly ends up into water bodies, negatively changing the composition of the water thereby, contaminating the soil affecting animals and human life. Waste management is the process of collection, disposal and processing of large volume of waste. Waste management is about realizing the true potential of valuable resource. It is an important segment of the environmental services industry which also includes wastewater treatment works, remediation services, analytical services and many more. The US waste management market is further bifurcated into two subsegments i.e. hazardous waste management and non-hazardous waste management. The US environmental services industry is likely to grow positively in the coming years, along with growth of waste management market. The US waste management market is expected to grow with strong economic growth, rise in landfill tipping fees, thereby creating large revenues and maturing recycling and waste-toenergy markets. The key trends of the market at present include floating concept of commercial franchise zones, vertical integration of the markets and large market consolidations. The report offers an in-depth analysis of the. Competition is concentrated in the hands of publically owned companies. Major waste management companies that have been covered in the report include Waste Management Inc., Waste Connections Inc., Republic Services Inc., and Clean Harbors. 2

3 US$ Billion Activities like construction, and increase in government funding in environmental sector is expected to gain momentum, which would lead to higher revenues in the US Waste Management market. The US Environmental Services Industry by Value ( ) The market for environmental services in the US reached US$.. billion in 2016, increasing from US$.. billion in The market grew at a CAGR of..% for the period spanning Wastewater treatment is likely to account for..% share of the total US environmental services market by Non-hazardous waste management accounted for highest value share in the year 2016, i.e...%, followed by hazardous waste management with..% share in the same year The US Environmental Services Industry Forecast by Type (2021) The US Waste Management Market by Type (2016) Wastewater Treatment Works Non-Hazardous Waste Management Consulting & Engineering Remediation Services Hazardous Waste Management Non-Hazardous Waste Management Hazardous Waste Management 3

4 US$ Billion Maturing Waste-to-energy and Recycling market to benefit the US waste Management market at large in the coming years. The US Non-Hazardous Waste Management Market by Value ( ) The US non-hazardous waste management market was recorded at US$.. billion in 2016, increasing from US$.. billion in In year 2016,..% of the US solid waste or nonhazardous waste volume was collected and processed maximum at landfills, followed by recycled and composted with..% share The US Non-Hazardous Waste Management Market by Volume Share (2016) In the year 2016, federal/government accounted for..% of the total hazardous waste management. Industrial/ commercial accounted for..% share in terms of value in the total hazardous waste management market in the US. The US Hazardous Waste Management Market by Customer Type (2016) Landfill Recycled and Composted Total Combustion Federal Waste Medical Waste Industrial/Commercial Nuclear 4

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