Wet Waste Management Market Research Report- Global Forecast to 2023

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Wet Waste Management Market Research Report By
Forecast To 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Wet Waste Management Market Research Report -
Forecast to 2023
Global Wet Waste Management Market information
by Service Equipment (Collection
Transportation, Processing, Disposal), Source
(Industrial, Municipal, Commercial, Healthcare
Medical), Waste Type (Food Scrap, Meat Bones,
Agricultural Waste, Medical Waste) and By Region
- Global Forecast to 2023.
Wet waste is the organic waste, which is usually
heavy in weight due to dampness and can be
isolated on the basis of biodegradable and
non-biodegradable waste. Wet waste primarily
comprises of food scrap, meat bones,
agricultural waste, medical waste, shredded
paper, and others. Wet waste management is a
process of composting the waste for the
production of manure, biogas, etc. Moreover,
composting is a process of crushing down the
organic matter in the presence of air. Compost is
the end product of composting, usually rich in
readily usable plant nutrients forming a part of
the fertile soil. Additionally, removal of waste
from public areas helps in reducing risks
associated with health and hygiene, diminishing
exposure to biohazards and also diminishes
infestation of pests. Wet waste management also
produces waste energy, which can be further
utilized and deployed to generate
electricity. Growing awareness for the wet waste
management is a vital factor propelling the
global wet waste management market. Additionally,
the introduction of new wet waste management
technologies such as waste to energy solutions is
further augmenting the overall growth of the wet
waste management market. Increasing environmental
sustainability and increasing utilization of the
eco-friendly fuels are the prime elements driving
the growth of the global wet waste management
market. Growing government initiatives to spread
wet waste management awareness among the
population is further anticipated to boost the
overall global wet waste management market over
the forecast period. The global wet waste
management market is expected to grow at a CAGR
of 5 during the forecast period.
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Wet Waste Management Market Research Report -
Forecast to 2023
Segmentation
Global wet waste management market is segmented
based on service equipment, source, waste type,
and region. Based on the service equipment, the
market is segmented into collection
transportation, storage, sorting, processing, and
disposal landfill. The processing is projected
to dominate the global wet waste management
market and is likely to continue over the
forecast period, 2017-2023 due to growing
population, coupled with growing waste generation
and management services. Based on the source, the
market is segmented into household municipal
waste, commercial waste, industrial waste,
healthcare medical waste, and other waste. The
household municipal waste dominated the market
in 2016 and is projected to be the
fastest-growing source over the review period.
The global increase in the urbanization with
humongous population growth is creating a wide
scope household municipal waste generation.
Based on the waste type, the market is segmented
into food scrap, meat bones, agricultural
waste, medical waste, shredded paper, and others.
The food wastage is considered as one of the
major problems across the world, a huge amount of
food is wasted across the world through the
residential and commercial sector. Thus, making
food scrap as a prominent segment as a waste type
in global wet waste management market. The wet
waste management industry is expected to have a
vast number of new participants over the forecast
period owing to continuous expansions in
packaging industry coupled with rising consumer
preferences for high hygiene features. The market
is also expected to have high development
activities by multinationals and well-established
companies. Mergers and acquisition activities are
anticipated to be witnessed over the forecast
period.
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Wet Waste Management Market Research Report -
Forecast to 2023
Segmentation
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Wet Waste Management Market Research Report -
Forecast to 2023
Regional Analysis
The global wet waste management is majorly
fragmented into four regions namely North
America, Europe, Asia Pacific, and Rest of the
World. Among these, Asia Pacific is anticipated
to grow at highest CAGR and hold the largest
market share in the global wet waste management
market. The growing awareness for wet waste
management of the region with forthcoming
advanced new technologies such as waste to energy
solution, also the growing utilization of
eco-friendly materials and increasing ecological
sustainability concerns, improved economic
conditions of major emerging nations. All these
factors are majorly contributing towards the
evolution of the wet waste management market in
Asia Pacific region. Europe held the second
largest market share in 2016. The market for wet
waste management is primarily driven due to the
increasing government initiatives and support
schemes to promote waste management. All the
major countries in Europe have sponsored various
private players in the waste management through
their municipal commission at the city level to
promote health and hygiene benefits across the
population. North American countries are
practicing wet waste management techniques from
the last few decades and are expected to witness
the same stagnant growth over the forecast
period. The U.S. and Canada are the prominent
countries, which are immensely concentrating on
promoting wet waste management at an extensively
level to obtain compost for farms and biofuels as
transport fuels.
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Wet Waste Management Market Research Report -
Forecast to 2023
Key Players
Some of the key players in the global wet waste
management market are Clean Harbors Inc. (U.S.),
SUEZ Environment Co. S.A. (France), Veolia
Environment S.A. (France), Republic Services Inc.
(U.S.), Waste Management Inc. (U.S.), Covanta
Energy Corporation (U.S.), Advanced Disposal
Services, Inc. (U.S.), Stericycle (U.S.),
Progressive Waste Solution Ltd. (Canada),
Remondis SE Co. Kg (Germany), Sampurn(e)arth
Environment Solutions Pvt. Ltd. (India), Eco Wise
Waste Management Pvt. Ltd. (India), Waste
Ventures India (India), Fomento de Construcciones
y Contratas (Spain), and Panda Recycling
(Ireland)
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