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Waste Treatment & Disposal Services in the US - Industry Market Research Report

Waste Treatment & Disposal Services in the US - Industry Market Research Report

  • November 2019
  • 39 pages
  • ID: 199128
  • Format: PDF
  • By Ibisworld

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Treated well: Continued growth in consumer spending is expected to further raise demand for industry services

Abstract

Waste Treatment & Disposal Services in the US
Demand for the Waste Treatment and Disposal Services industry is highly correlated with consumer spending, as the vast majority of waste generated in the United States stems from consumer products and packaging. Over the five years to 2019, as unemployment has declined and incomes have risen, consumer spending has grown steadily, increasing waste generation and driving growth in industry revenue. Although waste generation has increased, recycling is also on the rise, diverting a growing portion of waste away from industry landfills. Recycling has been driven both by heightened environmental awareness among consumers as well as greater regulation at all levels of government. Over the five years to 2024, continued growth in consumer spending is anticipated to raise demand for industry services, despite sustained gains expected in recycling that will temper revenue. As a result, industry operators will likely increasingly expand into waste-to-energy, as well as merge with recycling services. Hazardous waste handling is also expected to be an important driver of industry revenue as industrial production continues to rise.

This industry owns and operates waste treatment or disposal facilities, including waste combustors (waste- to-energy plants), solid waste landfills and compost dumps. Many companies in this industry also provide waste collection and hauling services and are also included in the Waste Collection Services industry (IBISWorld report 56211).

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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