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Waste Management Market Size Worth $1,685.5 Billion by 2030: Grand View Research, Inc.
The adoption of plastics in packaging, consumer goods, transportation, electrical/electronic, and machinery manufacturing industries is witnessing significant growth. Rising demand for consumer electronics such as mobiles, which are typically composed of 40% plastic, PCs/laptops, washing machines, and dishwashers is expected to boost the market growth.
The demand for electronic products is rising rapidly globally, resulting in the increased generation of e-waste. The electronics companies are focusing on the usage of recycled material for production to limit the environmental degradation caused by e-waste. The rising demand for recycled materials from the electronics industry is expected to foster market growth.
The governments of various countries have introduced regulations regarding the effective disposal of wastes such as the landfill directive (1999/31/EC) standards for landfills announced by the European Union. The rising adoption of these regulations is expected to enhance sustainable waste management practices including recycling and anaerobic digestion, thereby fueling the market growth.
Companies are focusing on mergers and acquisitions to increase the consumer base and expand their geographical presence. For instance, in October 2020 , Waste Management acquired Advanced Disposal Services, providing waste management services to around new 3 million residential, industrial, and commercial customers in the U.S.
Grand View Research has segmented the global waste management market on the basis of based on service type, waste type, and region:
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco , the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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