The US Waste Management Market: Industry Analysis & Outlook (2016-2020)
Waste comes in different forms and may be categorized in a variety of ways. It is an unusable or unwanted material which is discarded after the primary use. It is generated by all sorts of ways and it...
Waste comes in different forms and may be categorized in a variety of ways. It is an unusable or unwanted material which is discarded after the primary use. It is generated by all sorts of ways and its composition and volume largely depends upon the composition pattern of a country along with industrial and economic structures. Waste may be generated during the extraction of raw materials, processing of raw materials into intermediate and final product, and other human activates. 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 treating wastes and offers variety of solutions for recycling items that do not belong to trash. Its management is about realizing the true potential of valuable resource. An important goal of waste management is to reduce the amount of disposable waste, preserve valuable and limited landfill space. The waste management hierarchy explains the importance of prior planning to minimize waste and develop criteria for recycling options.
The US waste market is expected to grow steadily with increasing home construction activities attributable to rapid urbanization and increasing population. An increased effort of recycling, reusing, and refusing solid waste by the large waste management companies in the US, to manage the growing volume of solid waste will benefit the solid waste market of the US in the future.
The key factors driving the growth of the US waste management market includes increasing population, growing prospects of recycled products, increasing personal consumption expenditure, and rising numbers of housing starts. However, there are certain factors which hinder the growth of the market like tough contracting requirements, limited space for landfills, costly process, lack of awareness about recycled products, and changing waste composition.
The report offers an in-depth analysis of the “The US Waste Management Market”. 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.
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