Waste Management & Remediation to Grow by 5%
Waste management and remediation revenues in the US are projected to rise 5.0 percent annually to $105 billion in 2015. Demand for waste management and remediation services will continue to benefit from population growth, new household formation and resurgent construction activity, increasing the need for waste collection and treatment, and disposal services. Concerns about indoor air quality and stricter environmental standards will support increasing demand for remediation and materials recovery services. Waste collection remains the largest component of demand, accounting for more than 55 percent of total revenues in 2010. However, revenues for waste collection, as well as waste treatment and disposal, will increase more slowly than revenues for remediation and materials recovery services. Market maturity, coupled with a growing emphasis on source reduction and recycling, will moderate growth potential for traditional waste collection and disposal services.
Service industries to pace market growth
Government and residential customers are the leading markets for waste management and remediation services, accounting for nearly three-fifths of the total in 2010. However, service industries will continue to post more rapid growth, reflecting gains in the service economy as a whole; and the construction and demolition market will record the greatest gains, as construction activity rebounds from a very weak 2010 base. Demand for waste management services in the manufacturing and trade markets will also improve, as the economy gradually strengthens through 2015. Increasingly, companies in the waste management industry seek alternatives to the traditional waste collection and disposal business model. Opposition to new incineration and landfill operations and stricter regulations have prompted companies to develop new revenue streams, such as waste-to-energy, recycling and biofuels production. Materials recovery and other waste recycling services will post the largest gains through 2015, albeit from a comparatively small 2010 base.
Study coverage
This new industry study, Waste Management & Remediation Services, presents historical demand data (2000, 2005 and 2010) plus forecasts for 2015 and 2020 by service (waste collection, waste treatment and disposal, remediation and materials recovery) and by market (government, residential, service industries, manufacturing industries, construction and demolition, retail and wholesale trade, and other markets). Service revenues are also presented by geographic region. In addition, the study considers key market environment factors, evaluates company market share and profiles US industry players such as Waste Management, Allied Waste, Republic Services, Veolia and Shaw Group.
Source: http://www.sacbee.com/2011/04/07/3534791/reportlinker-adds-waste-management.html
