Major companies in the waste management and remediation services market include Waste Management Inc; Republic Services Inc; Clean Harbors; Stericycle Inc and Progressive Waste Solutions Ltd.
New York, Feb. 17, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Waste Management And Remediation Services Global Market Report 2021: COVID 19 Impact and Recovery to 2030" - https://www.reportlinker.com/p06025319/?utm_source=GNW
The global waste management and remediation services market is expected to grow from $504.14 billion in 2020 to $542.83 billion in 2021 at a compound annual growth rate (CAGR) of 7.7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $679.85 billion in 2025 at a CAGR of 6%.
The waste management and remediation services market consists of sales of waste management and remediation services and related goods by entities (organizations, sole traders and partnerships) that provide waste collection, treatment and disposal services, remediation services, operate materials recovery facilities, or provide septic tank pumping and related services. The waste management and remediation services market is segmented into waste collection; waste treatment and disposal; remediation services; and other waste management services.
Western Europe was the largest region in the global waste management and remediation services market, accounting for 34% of the market in 2020. Asia Pacific was the second largest region accounting for 31% of the global waste management and remediation services market. Africa was the smallest region in the global waste management and remediation services market.
Waste management and remediation services are increasingly using sensors for managing waste collected. A sensor is a device that detects and responds to some type of input from the physical environment. The specific input could be light, heat, motion, moisture, pressure, or any other environmental phenomena. Sensors let waste management companies know that bins are full and need to be serviced. Sensor technology can also be used to sort recyclables quickly and efficiently, thereby reducing manual work and encouraging higher recycling rates. This enables companies to have a complete visibility of containers which helps them to reduce the costs. For instance, the OnePlus Metro from OnePlus Systems is an ultrasonic trash can sensor that lets waste management companies determine if waste containers are full.
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