Procurement Outlook
Apart from keeping the environment clean and fresh, hiring a waste management company has other long-term benefits such as:
The key procurement strategies for efficient waste management are:
Demand Outlook
The global waste management market size was estimated at USD 398.6 billion in 2020 and is expected to register a compound annual growth rate (CAGR) of 5% from 2021 to 2027. Key driving factors include strict waste management regulations from various governments, focus on sorting and treatment of different types of waste before disposal, composting of bio-degradable waste, etc.
Due to COVID-19, in 2020 the industry witnessed a segmental shift, the residential sector generated more waste as compared to commercial and industrial sector owing to lockdowns in various parts of the world.
APAC held the largest market share of waste management services due to increased disposable income and demand for packaged foods and beverages from growing economies such as India, China, Australia, and South Korea.
Grab your copy, or request for a free sample of the “Waste Management Industry Procurement Intelligence Report, published by Grand View Research” for In-depth details regarding supplier ranking and selection, sourcing, and pricing criteria & strategies.
Cost Drivers
Increasing recycling is the major step to reduce disposal costs and improving the bottom line of any organization. Waste can be used as raw materials for new products, it helps in conserving water, energy, land, and raw materials.
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.
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