Waste Management Procurement Intelligence

The waste management category is anticipated to witness growth at a CAGR of 5.4% from 2023 to 2030. In 2022, Asia Pacific held a substantial share of the global category, followed by North America and Europe. The need for waste management in North America is expected to be driven by factors such as rising waste generation, unlawful dumping, and stringent waste management laws in various sectors. Rapid technological developments, such as the recycling of PET bottles through waste management techniques such as re-extrusion, are anticipated to further fuel this demand. Growing infrastructure is also expected to influence the growth. Regulations such as as the Resource Conservation and Recovery Act (RCRA) and the Waste Shipment Regulation are expected to significantly impact the industry.

Key sectors that utilize waste management services include construction, manufacturing, healthcare, pharmaceuticals, and chemicals since these sectors produce a sizeable amount of waste compared to others. Food and beverages, retail, packaging, and hospitality sectors also contribute to the utilization of services offered in the category. The healthcare industry is expected to witness the fastest growth in consumption of waste management services during the forecast period, due to increasing awareness of risks associated with healthcare waste and the implementation of stringent policies and standards regarding healthcare waste disposal. By type, E-waste, hazardous, plastic, and biomedical waste are the key segments of the waste management category. The e-waste segment is expected to witness the fastest growth due to increased global consumption of electronic items.

Technologies such as big data & analytics are playing a crucial role in supporting the category’s development. Big data and analytics enhance operational efficiencies in the complex process of waste management. The data collected by smart bin sensors provides information about the frequency of emptying bins depending on the location. This helps waste management companies determine the type of garbage based on a particular site and guarantee prompt waste collection. Big data also enables waste management service providers to track and manage carbon emissions from their current waste management processes. Waste management and recycling facilities are incorporating advanced technologies such as autonomous waste picking systems and material scanners to increase operational efficiency. These technologies support recyclers in recovering more materials and improving waste stream quality.

The COVID-19 pandemic caused significant disruption in waste management services. The demand for these services intensified after the COVID-19 outbreak, due to the additional medical and household waste burden from increased usage of Personal Protective Equipment (PPE) such as face masks, gloves, and face shields. The rise in the usage of syringes, packaging material, and sample collection containers also resulted in a demand surge for medical waste disposal. Supply chain disruptions were initially prevalent due to limited resources and labor shortages as a result of government-imposed lockdowns, but the supply stabilized in 2023 to meet the increased global demand.

Order your copy of the Waste Management category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

Waste Management Sourcing Intelligence Highlights

• The waste management category exhibits a moderately consolidated landscape with the presence of a few large players dominating the market.
• Buyers in the industry possess high negotiating power since there are few switching costs, plenty of substitutes, and little differences between the service providers. If consumers are dissatisfied with the services of one player, they can simply switch to a rival.
• India is the preferred low-cost / best cost country for sourcing waste management owing to competitive labor costs, which result in significant cost savings.
• Machineries & equipment, labor, rent & utilities, logistics, and maintenance & repair, and other costs are the major cost components of waste management category. Other costs can be further bifurcated into administrative expenses, depreciation, repayment of loan, insurance, and regulatory certifications.

List of Key Suppliers

• Biffa Ltd.
• Clean Harbors, Inc.
• Covanta Holding Corporation
• Daiseki Co., Ltd.
• FCC Environmental
• Hitachi Zosen Corporation
• Remondis SE & Co. KG
• Republic Services
• Stericycle, Inc.
• SUEZ SA
• Valicor Environmental Services
• Veolia Environnement SA
• Waste Connections, Inc.
• Waste Management, Inc.

Browse through Grand View Research’s collection of procurement intelligence studies:

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Waste Management Procurement Intelligence Report Scope

• Waste Management Category Growth Rate : CAGR of 5.4% from 2023 to 2030

• Pricing Growth Outlook : 5% - 10% increase (Annually)

• Pricing Models : Fixed pricing, weight-based / volume-based pricing

• Supplier Selection Scope : Cost and pricing, past engagements, productivity, geographical presence

• Supplier Selection Criteria : Industries served, certifications, employee strength, geographic service provision years in service, industrial waste management, municipal waste management, medical waste management, e-waste management, and others

• Report Coverage : Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Brief about Pipeline by Grand View Research:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.

Our services include (not limited to):

• Market Intelligence involving – market size and forecast, growth factors, and driving trends
• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions