Irving, Texas (PRWEB) August 19, 2012
The global waste management and remediation services industry experienced good growth during the last five years and is expected to continue its growth momentum, reaching approximately US$263.4billion in 2017 with a CAGR of 4.7% over the next five years (2012-2017).Increasing population, rise in living standard of people in emerging and developed economies, technological advancement, and impending infrastructural projects urbanization are expected to drive the industry.
Lucintel, a leading global management consulting and market research firm, has analyzed the global waste management and remediation services industry and presents its findings in “Global Waste Management and Remediation Services Industry2012-2017:Trend, Profit and Forecast Analysis.”
The industry covers the revenue generated from the collection, treatment, and disposal of solid waste, which includes hazardous and non-hazardous waste and remediation services. North America dominates the market, contributing 44.7%. The industry is fragmented with a substantial number of companies. A robust growth for the industry is expected in the near future.
Lucintel’s research indicates that in 2011,the industry witnessed a robust growth over 2010 as growth and advancement in the economy fostered the demand for a cleaner environment and technologies for remediation of contaminated land.
APAC is expected to emerge as the most potential region for growth in the industry due to good growth in solid waste generation promoted by significant industrialization, urbanization,and government regulations for organizations releasing waste and causing damage and pollution.
Government regulation for a clean environment, technological advancement and operational flexibility, population growth and awareness,investment in infrastructure, growth in the economy, and industrialization are anticipated to boost the industry.The industry is expected to face certain growth challenges such as performance and operational effectiveness, unorganized and illegal waste disposal, poor waste management and resource depletion, and a lack of consumer knowledge about recycled products.
This study provides an overview of the global waste management and remediation services industry.The report tracks two market segment for four geographic regions: thus, it tracks eight segments of the industry.
For a detailed table of contents and pricing information on this timely, market report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency.