Construction & Demolition Waste Management Market Size, Industry Research Report 2022-2027
The global construction and demolition waste management market size is expected to reach US$287.4 billion by 2027, growing at a CAGR of 4.9% during the period 2022-2027.
SHERIDAN, WYOMING, USA, May 10, 2022 /EINPresswire.com/ — The latest research study, “construction and demolition waste management market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027” was added by IMARC Group. The global construction and demolition waste management market size reached 212.8 billion in 2021. Going forward, the market is projected to reach US$287.4 billion by 2027, exhibiting a CAGR of 4.9% during the period 2022-2027.
Industry definition and application:
Construction and demolition (C&D) waste management is the process of collecting, transporting, recycling and disposing of debris produced during renovation, construction, alteration, destruction and rehabilitation infrastructures. The demolition of existing structures creates more than 20 different types of waste, including metals, wood, bricks, plastics, concrete and plumbing fixtures. C&D waste management consists of eliminating or reusing this waste to limit the negative impact on the environment and reduce the consumption of virgin resources. As these materials are heavy and non-biodegradable, they are initially sorted, processed and filtered for later use or decomposition. The growing awareness of environmental degradation has led to the adoption of C&D waste management globally.
Note: We regularly track the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
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Global Construction & Demolition Waste Management Market Trends:
Recent years have seen several demolition and renovation projects, especially in developing regions, due to rapid urbanization and globalization. Additionally, rising income levels and improved living standards of individuals have contributed to residential construction activities. Since improper waste disposal leads to environmental degradation and greenhouse gas emissions, the adoption of C&D waste management has gradually increased. Apart from this, the governments of several countries are taking initiatives to eliminate illegal disposal and reuse waste. For example, new rules have been introduced by the Department of Environment of the National Capital Territory Government of Delhi, India, to incorporate a comprehensive waste management plan prior to any construction activity. Similarly, the Construction & Demolition Recycling Association (CDRA) in the United States promotes the recycling of salvageable C&D materials, including concrete, asphalt, asphalt shingles, gypsum board, wood and metals, which are produced every year. Additionally, non-governmental organizations are raising awareness about the hazardous impact of disposing of such wastes, which, in turn, is providing impetus for the growth of the market.
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The competitive landscape of the market has also been examined with some of the major players being Progressive Waste Solutions Ltd., Remondis Group, Republic Services, Inc. (RSG), Clean Harbors, Inc. (CLH), DAISEKI CO LTD (DSKIF), Gamma Waste Systems LLC, Veolia North America LLC, Waste Management, Inc. (WM), RENEWI PLC ORD 10P (RWI.L), the Federal Communications Commission (FCC), Advanced Disposal Services, Inc. and Casella Waste Systems.
Based on the sector of activity, the market has been divided into construction, renovation and demolition. Among these, the demolition segment accounts for the largest market share.
Based on service type, collection is the most popular service type. Other segments include recycling, landfill and incineration.
Based on waste type, the market has been categorized into inert, cardboard, glass, wood, plastic, metal, and others. Currently, inert waste holds the largest market share.
Regionally, the market has been segregated into Europe, Asia-Pacific, Latin America, North America, Middle East & Africa.
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