Portland, OR, March 05, 2019 (GLOBE NEWSWIRE) -- Allied Market Research recently published a report, titled, “Waste Management Market: Global Opportunity Analysis and Industry Forecast, 2018–2025”. According to the report, the global waste management market was pegged at $303.6 billion by 2025 and is expected to reach $484.9 billion by 2025, registering CAGR of 6.0% from 2018 to 2025.
The market is divided on the basis of type, service, and opportunities. Based on type, the market is divided into municipal and industrial. The municipal segment held the largest share in 2017, contributing more than half of the market, owing to rise in amount of municipal waste and illegal dumping due to increase in urban population growth. However, the industrial waste segment is expected to manifest the fastest CAGR of 6.2% during the forecast period.
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On the basis of service, the market is segmented into collection and disposal. The disposal segment is expected to register the fastest CAGR of 6.9% during the study period, owing to rise in environmental awareness toward hygiene. Moreover, the segment held the largest share in 2017, contributing about half of the market share.
Based on geography, the market is divided into Asia-Pacific, LAMEA, Europe, and North America. Europe region held the largest share in 2017, contributing about one-third of the market share. However, the Asia-Pacific region is expected to grow at the fastest CAGR of 6.6% through 2025.
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The major market players are included in the report, such as Advanced Disposal Services, Clean Harbors, Inc., Daiseki Co. Ltd., Remondis AG & Co. Kg, Suez Environment S.A., Biffa Group, Covanta Holding Corporation, Hitachi Zosen Corporation, Veolia Environment S.A., and Waste Management Inc.
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