Waste Management Market Segmentation:
Waste Type Segment Analysis
Based on waste type, e-waste segment is attributed to hold highest market share of about 40% during the forecast period. Chlorofluorocarbons (CFCs), hydrochlorofluorocarbons (HCFCs), brominated flame retardants (BFRs), mercury, and other hazardous materials are among the toxic additives and compounds found in e-waste. There are serious concerns to the environment and even human health associated with the rising amounts of e-waste, inadequate collection crates, improper dumping, and improper treatment of this garbage.
E-waste management gone wrong also adds to global warming. Initially, the materials found in e-waste cannot replace primary raw materials or lower greenhouse gas emissions from the extraction and refinement of primary raw materials if they are not recycled. Subsequently, certain temperature-control equipment produces greenhouse gasses due to the presence of refrigerants. 98 Mt of CO2 equivalents were emitted into the atmosphere as a result of abandoned air conditioners and refrigerators that were not handled sustainably. 53.6 Mt of e-waste were produced worldwide in 2019. That translates to 7.3 kilos on average per person. By 2030, 74.7 Mt of e-waste will have been produced, growing at a rate of roughly 3.5% year. In light of this, e-waste segment is expected to encounter significant growth during the projection period.
Service Type Segment Analysis
Based on service type, landfill segment garnered largest market share of about 30% and will continue the same over the projection period. For the purpose of disposing of solid waste, modern landfills are carefully designed and maintained structures. In order to guarantee adherence to specified regulations, landfills are planned, situated, run, and observed. Additionally, they are made to guard against pollutants that might be found in the waste stream and harm the ecosystem.
Environmentally sensitive locations cannot accommodate landfill construction, and their placement necessitates the use of on-site environmental monitoring equipment. These monitoring devices look for landfill gas and any indication of groundwater contamination. The Resource Conservation and Recovery Act (RCRA) imposes strict design, operation, and closing guidelines for landfills.
Our in-depth analysis of the global market includes the following segments:
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Waste Type |
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Service Type |
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End User |
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