The global cold chain monitoring market is anticipated to grow at a CAGR of 5.2% during the forecast period (2022- 2028). Waste management includes the activities and actions required to manage waste from its inception to its final disposal. This includes the collection, transportation, treatment, and disposal of waste, together with monitoring and regulation of the waste management process. The rapidly growing economies, urbanization, and the increasing population have led to an intensive increase in resource consumption, and consequently the release of large amounts of waste into the environment. The growing awareness about waste management among the industries along with increasing technological advancement in recycling equipment are some of the factors that are driving the growth of the market.
The market is segmented based on the waste type and disposal methods. Based on the disposal methods, the market is sub-segmented into landfill, incineration, and recycling. A landfill is an engineered pit, in which layers of solid waste are filled, compacted, and covered for final disposal. It is linked at the bottom to prevent groundwater pollution. Incineration is a method of treating waste that involves the combustion of the organic substances found in waste materials. Recycling is the process of converting waste materials into new materials and objects.
Some major players in the market include Stericycle, Inc., Clean Harbors, Inc., and Suez, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in February 2021 Biffa group announced the acquisition of Company Shop Group (CSG), the UK’s leading and largest redistributor of surplus food and household products. Additionally, in October 2020 Waste Management completed its acquisition of all outstanding shares of Advanced Disposal, following the receipt of required regulatory approvals.
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Market Coverage
The market number available for – 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Waste Type
By Disposal Methods
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Top major key players:
Stericycle, Inc., Clean Harbors, Inc., and Suez, among others.
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
A full report of cold chain monitoring market is available at:
https://orionmarketreports.com/global-industrial-waste-management-market/97488/
Global Industrial Waste Management Market Report by Segment
By Waste Type
Industrial Waste
Municipal solid waste
E-Waste
Plastic Waste
Bio-Medical Waste
By Disposal Methods
Landfill
Incineration
Recycling
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