Waste management industry

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The waste management industry, or waste industry for short, includes all industrial branches involved in waste management, waste dumping, waste recycling, waste characterisation, and, to a lesser degree, waste prevention. The industry includes a large number of waste management companies, including multinational corporations.

On a global scale, the market size is expected to reach $530.0 billion by 2025 from $330.6 billion in 2017, with a compound annual growth rate of 6.0%. [1] The growth might even continue when, according to a World Bank report, global waste production will grow by 70% from 2018 to 2050, unless severe measures are taken. [2] [3]

For example, within Germany, waste management has evolved into a large economic sector. There are more than 270,000 people working in some 11,000 companies with an annual turnover of around 70 billion euros (~$78 billion). More than 15,500 waste management facilities help to conserve resources through recycling and other recovery operations. [4]

Global players

Among the top companies in the sector are the following: [5]

References

  1. ↑ "Industry Analysis and Forecast - 2025". Allied Market Research. Retrieved January 20, 2020.
  2. ↑ Kaza, Silpa; Yao, Lisa C.; Bhada-Tata, Perinaz; Woerden, Van (September 20, 2018). What a Waste 2.0. doi:10.1596/978-1-4648-1329-0. hdl:10986/30317. ISBN   978-1-4648-1329-0. S2CID   169100123 . Retrieved January 21, 2020.
  3. ↑ "Global Waste to Grow by 70 Percent by 2050 Unless Urgent Action is Taken: World Bank Report". World Bank. September 20, 2018. Retrieved January 21, 2020.
  4. ↑ "Waste Management in Germany 2018 / Facts, data, diagrams" (PDF). BMU. 2018.
  5. ↑ "Industry Analysis and Forecast - 2025". Allied Market Research. Retrieved January 21, 2020.
  6. ↑ "Top 5 Waste Companies". Archived from the original on 2014-11-14. Retrieved 2023-11-11.
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