Waste Management Market size is expected to reach USD 1,685.5 billion by 2030
Waste Management Industry Overview The global waste management market size was valued at USD 989.20 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.2% from 2022 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. The U.S. was one of the majorly COVID-19 affected countries, wherein the government had imposed a lockdown in 2020 to control the spread of the...