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The global commercial waste management market was valued USD 141.56 Bn in 2018 and is projected to show noteworthy growth with CAGR of 6.7% over the forecast period. Rapid growth in waste generation per capita, increase in consumer awareness for waste management and growing share of private firms are some of the key factors that are likely to augment the market growth over the forecast period.
Commercial waste is defined as waste generated from hotels, restaurants, stores and commercial complexes. Waste generated includes cardboard, plastics, food waste, paper, metal, glass, packaging articles among others.
Key factors impacting the market growth-
Market competition scenario:
The global commercial waste management market is a fragmented industry with large number of players operating regionally. Furthermore, wide disparities in the waste treatment across different regions also varies the operations of the regional players. Veolia Environnement SA, Suez Environnement SA, Waste Management, Republic Services, Clean Harbors, Waste Connections, Covanta, Biffa, Rubicon Global are example of some of the key players operating in the commercial waste management market.
Porter’s five forces analysis:
1. Bargaining power of suppliers
Presence of numerous global and regional suppliers in the market have moderately increased the bargaining power in recent years. Key suppliers provide equipment and services for collection, disposal, and transfer of waste. High dependency on labor forces to perform complex task may increase the bargaining power. Additionally, waste management service providers obtain license and agreement from government to run landfill and dispose waste. High prices of equipment and high leasing prices of equipment providers is expected to maintain the moderate bargaining power of suppliers in the future.
2. Bargaining Power of Buyers
Numerous buyers from hotels to commercial offices have the liberty to allocate budgets for waste management. Furthermore, switching cost of suppliers is low. Hence, the bargaining power of buyers is high at present. With more complex operations and huge sizes across the nations, the customers require well-established service providers to serve its purpose. The constant need for buyers for implementing good waste management practices is likely to result in the moderation of their bargaining power during the forecast period.
3. Threat of New Entrants
Several barriers to entry exist for new players. Presence of well-known brand names in the market, requirement of economies of scale for profitability, and high capital investment are some of the major factors obstructing the new entrants in the market. Hence, the threat of new entrants is low at present. However, opportunities for new entrants lie in untapped and potentially growing markets such as India, Southeast Asia, and Central & South America. This, scenario is expected to provide a passage for new entrants and is expected to increase their bargaining power from low to high over the forecast period.
4. Threat of Substitutes
At present, there is no substitution for waste management services and equipment at this point of time. However, emergence of IoT and automation to a certain extent, in equipment and services sectors may result in internal substitution or alternatives for replacement of conventional process over the course of time. Hence, substitute threat is expected to remain low during the forecast period.
5. Intensity of Rivalry
M&A activities and new product development for sustaining the competition within the market, has intensified the rivalry over the recent years. Presence of well-established brands, integrated operations of global and regional players within the value chain, and firm industry growth is expected to intensify the rivalry among competitors during the forecast period. Hence, the intensity of rivalry is considered to remain high in the future.
The global commercial waste management market is categorized on the basis of components, products, applications and regions. Based on components, the market is categorized into waste management equipment and services. On the basis of products, the market is segmented into food and non-food waste. By applications, the global commercial waste management market is segmented into major waste management process such as collection, transfer, disposal among others.
By components, service segment is poised to show high growth rate with a CAGR of 6.9% over the forecast period. Furthermore, service segment accounted for nearly one third of the market share in the global commercial waste management market. Waste management services include collection, transfer, disposal, recycling, and advanced treatment. Infrastructural advancements for waste management as well as growth in waste collection area are some of the key factors to supplement the growth of service segment. Growing indulgence of technology in waste management infrastructure is further projected to boost the waste management service industry.
By product, food waste segment is projected to be valued over USD 87 Bn by 2025. The segment is also projected to show noteworthy growth with CAGR 6.9% over the forecast period. Organic waste such as vegetable and fruit peels, liquid waste, and food leftovers /or non-consumed food are the types of wastes that are massively generated in hotel chains, restaurants, food cafes and outlets, and hypermarkets. Increasing dine out culture, increasing travels coupled with economic factors such as high per capita spending are some of the key factors that have led to the growth of food/organic waste since past few decades.
By application, collection segment dominated the global commercial waste management market whereas disposal segment accounted for the highest growth over the forecast period. Advancements in disposal technologies in developing countries such as India and China is anticipated to support the growth of disposal segment; which is projected to grow at CAGR of 7.1% over the forecast period.
Geographically, the global commercial waste management market is categorized into key regions such as North America, Asia Pacific, Europe, Middle East & Africa and Central & South America.
The global market is dominated by Europe, closely followed by North America and Asia Pacific. Asia Pacific is projected to show the highest growth with CAGR of 7.5% over the forecast period. Furthermore, the region is projected to surpass Europe by the end of the forecast period. Overall, Asia Pacific is the key region to drive the growth of commercial waste management market across the globe.
Regional snapshot of key regions:
Key segments of the global commercial waste management market
Component Overview, 2015-2025 (USD Million)
Product Overview, 2015-2025 (USD Million)
Application Overview, 2015-2025 (USD Million)
Regional Overview, 2015-2025 (USD Million)
Reasons for the study
What does the report include?
Who should buy this report?
The global commercial waste management market was valued USD 141.56 Bn in 2018 and is projected to show noteworthy growth with CAGR of 6.7% over the forecast period. Rapid growth in waste generation per capita, increase in consumer awareness for waste management and growing share of private firms are some of the key factors that are likely to augment the market growth over the forecast period.
Commercial waste is defined as waste generated from hotels, restaurants, stores and commercial complexes. Waste generated includes cardboard, plastics, food waste, paper, metal, glass, packaging articles among others.
Key factors impacting the market growth-
Market competition scenario:
The global commercial waste management market is a fragmented industry with large number of players operating regionally. Furthermore, wide disparities in the waste treatment across different regions also varies the operations of the regional players. Veolia Environnement SA, Suez Environnement SA, Waste Management, Republic Services, Clean Harbors, Waste Connections, Covanta, Biffa, Rubicon Global are example of some of the key players operating in the commercial waste management market.
Chapter 1. Executive Summary
1.1. Market snapshot
1.2. Key industry factors
1.3. Segmentation overview
1.4. Regional market snapshot
Chapter 2. Market Introduction
2.1. Market taxonomy
2.2. Market definition
Chapter 3. Global Commercial Waste Management Market Outlook
3.1. Commercial waste management, market size and projections- 2015-2025
3.1.1. Global commercial waste management market forecast, 2019-2025
3.1.2. Global commercial waste management absolute $ opportunity, 2015-2025
3.1.3. Forecast factors- Impact analysis
3.2. Pricing analysis and annual expenditure by component (USD Million)
3.2.1. US Commercial Waste Management Market Annual Expenditure, 2018
3.2.2. Canada Commercial Waste Management Market Annual Expenditure, 2018
3.2.3. UK Commercial Waste Management Market Annual Expenditure, 2018
3.2.4. China Commercial Waste Management Market Annual Expenditure, 2018
3.2.5. India Commercial Waste Management Market Annual Expenditure, 2018
3.2.6. Japan Commercial Waste Management Market Annual Expenditure, 2018
Chapter 4. Global Commercial Waste Management Market Analysis, by Component, 2015-2025
4.1. Market introduction- by component
4.2. Commercial waste management market absolute $ opportunity, by component type
4.3. Equipment
4.3.1. Market size and forecast, 2015-2025
4.4. Service
4.4.1. Market size and forecast, 2015-2025
4.5. Commercial Waste management market attractiveness analysis, by component
Chapter 5. Global Commercial Waste Management Market Analysis, by Product, 2015-2025
5.1. Market introduction- by product
5.2. Commercial waste management market absolute $ opportunity, by product
5.3. Non-food waste
5.3.1. Market size and forecast, 2015-2025
5.4. Food waste
5.4.1. Market size and forecast, 2015-2025
5.5. Commercial waste management market attractiveness analysis, by product
Chapter 6. Global Commercial Waste Management Market Analysis, by Application, 2015-2025
6.1. Market introduction- by application
6.2. Commercial waste management market absolute $ opportunity, by application
6.3. Collection
6.3.1. Market size and forecast, 2015-2025
6.4. Disposal
6.4.1. Market size and forecast, 2015-2025
6.5. Transfer
6.5.1. Market size and forecast, 2015-2025
6.6. Others
6.6.1. Market size and forecast, 2015-2025
6.7. Commercial waste management market attractiveness analysis, by application
Chapter 7. Global Commercial Waste Management Market Analysis, by Region, 2015-2025
7.1. Market introduction- by region
7.2. Commercial waste management market absolute $ opportunity, by region
7.3. Commercial waste management market attractiveness analysis, by region
7.4. North America
7.4.1. Market size and forecast, 2015-2025
7.4.2. Market attractiveness analysis, by country, 2015 & 2025
7.4.3. US
7.4.3.1. Market size and forecast, 2015-2025
7.4.4. Canada
7.4.4.1. Market size and forecast, 2015-2025
7.5. Europe
7.5.1. Market size and forecast, 2015-2025
7.5.2. UK
7.5.2.1. Market size and forecast, 2015-2025
7.6. Asia Pacific
7.6.1. Market size and forecast, 2015-2025
7.6.2. Market attractiveness analysis, by country, 2015 & 2025
7.6.3. China
7.6.3.1. Market size and forecast, 2015-2025
7.6.4. India
7.6.4.1. Market size and forecast, 2015-2025
7.6.5. Japan
7.6.5.1. Market size and forecast, 2015-2025
7.6.6. Rest of Asia Pacific
7.6.6.1. Market size and forecast, 2015-2025
7.7. Central & South America
7.7.1. Market size and forecast, 2015-2025
7.8. Middle East & Africa
7.8.1. Market size and forecast, 2015-2025
Chapter 8. Market Competition Analysis
8.1. Porter’s five forces analysis
8.2. Market ranking of key players
8.2.1. By service
8.2.2. By equipment
8.3. Company mapping by offerings
8.3.1. By service
8.3.2. By equipment
Chapter 9. Company Profiles
9.1. Veolia Environnement S.A.
9.1.1. Company overview
9.1.2. Product offerings
9.1.3. Key financials
9.1.4. Recent initiative
9.2. Suez SA
9.2.1. Company overview
9.2.2. Product offerings
9.2.3. Key financials
9.2.4. Recent initiative
9.3. Waste Management, Inc.
9.3.1. Company overview
9.3.2. Product offerings
9.3.3. Key financials
9.3.4. Recent initiative
9.4. Clean Harbors
9.4.1. Company overview
9.4.2. Product offerings
9.4.3. Key financials
9.4.4. Recent initiative
9.5. Waste Connections
9.5.1. Company overview
9.5.2. Product offerings
9.5.3. Key financials
9.5.4. Recent initiative
9.6. Republic Services
9.6.1. Company overview
9.6.2. Product offerings
9.6.3. Key financials
9.6.4. Recent initiative
9.7. Rubicon Global Holdings LLC
9.7.1. Company overview
9.7.2. Product offerings
9.7.3. Key financials
9.7.4. Recent initiative
9.8. Covanta Holding Corporation
9.8.1. Company overview
9.8.2. Product offerings
9.8.3. Key financials
9.8.4. Recent initiative
9.9. Biffa
9.9.1. Company overview
9.9.2. Product offerings
9.9.3. Key financials
9.9.4. Recent initiative
9.10. InSinkErator
9.10.1. Company overview
9.10.2. Product offerings
9.10.3. Key financials
9.10.4. Recent initiative
Chapter 10. Research Methodology