Global Construction Waste Management Market Demand Analytics, Top Companies, Types, Application, Growth Drivers, Size, Share and Industry Analysis Forecast 2025
Market Overview
Market Research Future (MRFR), in its
recently published research report, asserts that the global Construction
Waste Management Market 2020 is expected to grow exponentially over the
review period, recording a substantial market valuation of USD 32.0 billion, at
a healthy 8% CAGR in the forecast period.
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Drivers and Restraints
Over the past couple of years the Global
Market for Construction Waste Management has seen significant growth.
Construction waste management demand is expected to be driven by rising
construction industry, increased renovation and remodeling, and the increasing
popularity of building waste management techniques. Globally, the growth of the
construction industry has led to an rise in real estate investments. Factors
such as an increase in the construction of new buildings, such as industrial
complexes, educational institutes, and offices, create the demand for the
management of construction waste. Growth in the number of housing projects
worldwide is projected to boost the demand for waste management of building,
globally. Factors such as increased remanufacturing and demolition spending are
expected to drive market growth. In addition, reforms and regulations
implemented by governments in several countries to improve the development of
their construction and real-estate industries are contributing to an increase
in demand for waste management in construction.
But the environmental issues and
fluctuating prices for raw materials could hamper market development. The
rising customer demand from the emerging economies for construction waste
management is an opportunity for market players.
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Segmental Analysis
Based on waste type, the global market is
segmented into hazardous waste and non-hazardous waste. The non-hazardous waste
segment is bifurcated into building material wastes and dredging material
wastes. The segment is expected to have a higher market share in the global
market for building waste management and is expected to experience the highest
CAGR over the forecast period.
Based on the application, the global construction
waste management market has been divided into residential and non-residential.
In 2018, the non-residential segment held the largest market share in the
global waste management industry and was expected to experience the highest
CAGR over the forecast period.
Based on the waste management process, the
global construction waste management market has been segmented as transport
& disposal, job site sorting, tipping, collection & hauling, sorting,
containerization, and others. The collection & hauling segment is projected
to hold a more significant share of the market for building waste management
due to the growing investment in the implementation of high-tech waste
management aiding machines.
Regional Analysis
The geographical overview of the global
market has been conducted in four major regions, including the Asia Pacific,
North America, Europe, and the rest of the world.
Asia-Pacific dominated the global economy,
led by North America, owing primarily to development in China and India's
construction industry. In addition, the growing influx of FDI into the
construction industry, contributing to the growth of the Asia-Pacific
construction industry, is expected to push the Asia-Pacific market to grow.
Growing real estate investments and an increasing number of Special Economic
Zones (SEZs) in developing countries, primarily in India, are the other
significant factors driving the Asia-Pacific market growth.
Owing to the increased home improvement and
renovation programs in the region, North America has seen substantial growth in
the construction sector
Competitive Analysis
The major market players operating in the
global market, as identified by MRFR are WM Intellectual
Property Holdings, L.L.C., Inc., Republic Services, IEISL, Krause Manufacturing
Inc., and Kajima Corporation, among others.
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