The North American Waste Management market is expected to be worth USD 256.69 billion by 2029 from USD 196.4 billion in 2024 and grow at a CAGR of 5.5% from 2024 to 2029.
Sustainable waste management practices in North America are growing as several. This shift towards adopting environment-friendly practices such as recyclability and landfills is driving the waste management market in the area. Mexico is expected to become one of the highest-growing regions for waste management in North America, which is due to the increased recyclability practices and improvements in the overall waste management sector. The economies of various North American countries are growing, and this presents growth opportunities for industries like waste management.
Recent government norms regarding reduction in the adoption of incineration technique for waste management has caused many industries to look for an alternate solution without a surge in overall costs. The waste management industry in the North American region is still in its early phases and lacks cooperation from people for its proper functioning.
Coronavirus has resulted in severe challenges for the waste management market with a standstill around the industrial sectors. The USA of North America has been largely affected due to pandemic, resulting in a slowdown of manufacturing industries, but unsurprisingly, the waste management industry in the North American region has gone up and is doing very well. The demand for packaging has increased during the pandemic, and bioplastics and similar materials have been segregated successfully during this period. Healthcare experts have suggested that amidst the absence of vaccines, trials are supposed to ramp up, and thus the demand for Waste management will be very high. Landfill and recycling activities will be growing rapidly in this area in the future.
The industrial waste segment is the largest contributor to the waste management market in North America. In addition, this segment is also foreseen to record the highest CAGR during the forecast period between 2024 to 2029.
based on service, disposable waste service has been leading the market till 2020. It is anticipated to register the highest revenue during the outlook period. Landfills, as a service, haven’t been popular in the North American region but recent government norms regarding the reduction of the incineration process have perturbed this trend, and investments are being made in landfill service as well
The USA is one of the largest markets in the North American region in waste management. The country is focusing on various industrial production activities which in turn benefits the waste management business. Canada and Mexico are also anticipated to contribute in a significant manner to the growth of the regional market.
Advanced disposal services, Republic Services, Waste Management Inc, FCC Environment Ltd are some of the notable companies in the North America Waste Management Market.
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