Global Environmental Services Industry
In the global market for environmental goods and services, technological innovation remains essential to limiting the environmental impact of industrialization and urbanization, while meeting the world’s increasing demand for clean drinking water.
Leading Environmental Services Market Segments
As governments become more concerned about the environmental impact of energy choices, customers are equally becoming more conscientious, choosing more eco-friendly options. Recycled content packaging represents the largest subcategory, though it will likely see the slowest growth. Faster growth is expected in other subcategories, such as reusable and degradable packaging.
According to research from Markets and Markets, generation of e-waste will surpass 93 million tons in 2016, representing an increase of 52 million tons over five years. The e-waste management market (along the environmental remediation sector) is forecast to grow at a compound annual growth rate of more than 17%, surpassing $20 billion in 2016. Technological innovation and greater purchasing power have lead to an ever-increasing turnover of electronic products such as laptops and mobile phones. The resulting electronic waste means that recycling will remain an important aspect of waste management going forward.
Industrialization is on the rise in developing countries, driving demand for waste/water utility management. The global demand for water disinfection products is expected to rise.
Key Regional Environmental Services Market Share
The US is the world’s leading green packaging market, followed by Japan and Germany, though national market growth in Japan is expected to slow.
Recycling market growth will be most pronounced in Asia, particularly India, Indonesia, and China. Growth in the Asia-Pacific region is driven by food and beverage industries. Growth will continue to be strong in Africa, the Middle East, Eastern Europe, and Central and South America.
