Waste Management Market Is Estimated To Expand Further At A CAGR Of 5.4% From 2023 To 2030
Waste Management Industry Overview The global waste management market size was valued at USD 1,293.70 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.4% from 2023 to 2030. The market is expected to be driven by stringent government regulations such as the Resource Conservation and Recovery Act and Waste Shipment Regulation for improving this service. During the COVID-19 pandemic, due to the lockdown, waste production decreased from the commercial and industrial sectors as factories and offices were completely or partially shut down. However, the urban waste increased from residential areas. The reopening of production facilities at the beginning of 2021 and rising vaccination rates lead to the re-initiation of the waste recycling industry and companies at their full-scale capacities. Gather more insights about the market drivers, restrains and growth of the Waste Management Market The U.S. was one of the majorly COVID-19 affected countri...