Global Waste Management Industry
The level of world waste produced continues to increase due to rising urbanization, which has created demand for effective waste management. The global waste management industry is characterized by a high degree of fragmentation, and competition in this sector is intense, with significant entry barriers to the market, reports Koncept Analytics.
Governments are under pressure to ensure adequate waste reduction and recycling are provided for, and that the amount of space used for landfills is limited so as to reduce the threat of encroaching on valuable natural resources. Waste-to-energy technology is seeing increased levels of interest and investment, with private equity investments acting as significant growth drivers in the industry.
The expansion of waste management industry is fuelled by awareness of environmental issues, technological innovation, the need to conserve natural resources and state investment in waste disposal, reports Global Industry Analysts.