- The key vendors in the global construction waste management market 2015-2019 are EnviroServ, Progressive Waste Solution, Remondis group, Republic Services, and Waste Management
London, 29 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global construction waste management market 2015-2019. Recent innovations pertaining to sustainable and green building technology is a key trend observed in this market. Commercial buildings produce large quantities of solid waste due to their frequent construction and repair. Thus, green buildings that have an efficient waste management system aid in reducing the amount of solid waste generated throughout the life cycle of the building. This market is expected to grow at a CAGR of 9.67% during the forecast period of 2014-2019.
Growth in the construction sector will result in the increased deposition of solid waste materials in the environment. This increase in the amount of waste generated by commercial buildings is expected to augment the market for construction waste management. Factors like growing environmental concern and the increasing waste management initiatives by the government also bolster the demand for effective construction waste management solutions globally.
“In landfill reclamation, old waste cells in the landfill are excavated to recover recyclable waste items. This not only increases the landfill capacity but also avoids the cost of acquiring additional land for waste disposal,” says Faisal Ghaus, Vice President of Technavio Research.
“Landfill reclamation also helps in generating revenue if items such as ferrous metal, plastic, and glass are recycled and sold.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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