Construction Waste Management Market Revenue and Growth Rate 2021 – 2031

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Global Construction Waste Management Market: Overview

The increasing demand for recycled and sustainable construction materials intended for application in commercial construction projects is one of the most notable driver for the growth within the global construction waste management market. The segments in the global construction waste management market based on the type of waste include hazardous waste as well as non-hazardous waste (which includes dredging material wastes as well as building materials waste). Key applications for the products and services in the global construction waste management market are non-residential construction activities as well as residential construction activities. Based on the process of waste management, the global construction waste management market can be segmented into – collection and hauling, sorting, transport and disposal, job site sorting, tipping, and containerizing.

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Global Construction Waste Management Market: Major Trends and Drivers

Some of the major and significant drivers shaping the development trajectory of the global construction waste management market include the rising construction activities aimed at building commercial properties, including educational institutes, offices, and shopping complexes, among others as well as the rising number of housing projects that are currently under construction. Furthermore, the increasing expenditure or property restoration as well as renovation is also expected to create increased demand within the global construction waste management market in near future. However, the lack of proper regulatory framework for the effective collection as well as segregation of construction waste may restrict the growth within the global construction waste management market in near future.

On the other hand, the increasing investments in the domain of real estate is anticipated to provide various lucrative opportunities for the growth and development in the global construction waste management market. Additionally, proactive participation of various government authorities across the world to restrict illegal dumping of hazardous construction materials as well as the increase in the global population are also some of the notable drivers, influencing the growth within the global construction waste management market in coming years. Furthermore, rapid urbanization as well as the increasing trend of globalization are also significantly contributing to the development of the global construction waste management market.

Global Construction Waste Management Market: Key Players and Manufacturers

The competitive landscape of the global construction waste management market is filled with several international as well as regional industry players. Some of the most prominent manufacturers and players operational within the global construction waste management market include WM Intellectual Property Holdings, LLC, IEISL, Waste Management, Republic Services, Waste Connections, Kajima Corporation, Clean Harbor, Daiseki, Veolia, SUEZ, Krause Manufacturing, Inc., Biffa, Covanta Holdings, and Hitachi Zosen, among others.

The leading incumbent players in the global construction waste management market are witnessed adopting several growth strategies, including joint ventures with other players, strategic partnerships and collaborations, as well as mergers and acquisitions, among others. For instance, Waste Management acquired the Advanced Disposal in October of 2020. This move aided the Waste Management in expanding their footprint across the globe and deliver sustainable waste management services to almost 3 million new industrial, residential, and commercial end users in the United States.

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Global Construction Waste Management Market: Regional Assessment

The leading regions involved in the global construction waste management market include Asia Pacific, North America, Europe, Latin America, and Middle East and Africa. Geographically, the regional industry of Asia Pacific amounted for the highest industry share in the global construction waste management market in recent past. It is also expected that the Asia Pacific region will continue to dominate the global construction waste management market in coming years as well. Some of the key drivers for the growth of the global construction waste management market in Asia Pacific region include the increasing demand from regional economies, such as India, Japan, and China, as well as the high number of ongoing as well as upcoming construction and building projects happening in the region. The fastest growing nation within the global construction waste management market in Asia Pacific is India.