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Abstract
The global waste management market size is expected to reach $484.9 billion by 2025 from $303.6 billion in 2017, growing at a CAGR of 6.0% from 2018 to 2025. Waste management is the collection, transportation, and disposable of garbage, sewage, and other waste products. It involves treatment of solid waste and disposal of products and substances in a safe and efficient manner.
The growth of the global waste management market is driven by increase in adoption of proactive government measures to reduce illegal dumping. In addition, surge in population and increased globalization has led to rise in the overall waste volume, worldwide. The urban population produced about 1.3 billion tons of municipal solid waste (MSW) in 2012, which is expected to grow to 2.2 billion tonnes by 2025.
