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Key Findings: Solid Waste Management Market
Currently, the annual generation of solid waste has touched a figure of over 2 billion tons across the globe. More than 80% of such wastes are not properly disposed of which is making the geographies vulnerable to emissions and disaster risks. To tackle the prevailing environmental conditions, buyers from the government, F&B, and hospitality sectors are collaborating with service providers that offer a one-stop solution through the collection, transportation, and disposal of solid waste. These initiatives will drive the spend momentum of the solid waste management market during the forecast period. However, the workforce in this market is highly susceptible to occupational hazards. This will make it imperative for suppliers to adopt safety measures such as no-scavenging policies, providing protective gear, and specifying guidelines for parking and operating trucks. Consequently, this will increase the operating costs of the suppliers which will be compensated by buyers in the form of an excess procurement spend.
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Enterprises looking to procure solid waste management can leverage this report to better plan their category spend and identify avenues to reduce excess spend. An overview of the solid waste management pricing models, supply chain margins, supplier cost structure, and regional spend dynamics is also offered in this procurement market intelligence report.
Our portfolio of reports on the facilities management category help buyers understand:
Buyers from the restaurant and hotel industry are investing in services for efficient management of food waste generated by these industries. The generation of biogas during the food waste management, which is renewable source energy, will act as one of the major spend growth drivers of the solid waste management market during the forecast period.
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This solid waste management market report offers a coverage of:
Optimize Category Spend for the Solid Waste Management Market
Following the government's mandate issued on the F&B and FMCG sectors to collect packaging waste from end-consumers, it is recommended that buyers from these sectors partner with service providers that develop proper strategies to collect the waste from the end- users. Such strategies will minimize the overall time and cost involved in the procedure. Collaboration with service providers that offer integrated solid waste management solutions, including collection, disposal, and transportation of solid wastes as well as consulting services will also aid buyers in avoiding legal risks.
This solid waste management procurement market intelligence report also offers a coverage of:
Assess Category Spend for the US Region
Most of the active landfills in the US are reaching their full capacity. This is creating an urgent need to develop innovative solutions that can reduce the environmental impact of solid waste. This is expected to drive the category spend growth of the solid waste management market. However, the current solid waste management market forecasts a significant price hike owing to the rise in a labor shortage that is adding to the supplier's expenses in labor retention.
Additional information offered in this solid waste management procurement market intelligence report will help buyers analyze:
Build Strategies for Effective Supplier Selection
Distribution and logistics capabilities are one of the key selection criteria for suppliers for the solid waste management market. Possession of a good network of distribution facilities indicates that the suppliers have transfer stations where wastes can be decomposed or composted. Buyers can fulfill their ad hoc requirements related to waste management when service providers have a wide distribution network.
This solid waste management sourcing and procurement report identifies the major costs incurred by suppliers and provides additional information on:
Category manages must ensure that the suppliers maintain absolute adherence to the relevant waste disposal regulations framed by local, national, and international regulatory bodies. Failure to do the same can result in significant losses to both the parties, which may further result in huge penalties. Solid waste management involves significant risks during the handling of hazardous waste during different stages. Such occupational hazards can add to the expenditure owing to project delays. Thereby it is imperative that category managers ensure that the suppliers adopt proper onsite labor-safety measures to reduce occupational hazards.
Key insights offered in this solid waste management market report will help the buyers identify:
Determine the Spend Dynamics for Key Geographies
Compared to the developed nations, developing economies such as APAC lacks proper management of solid waste. This is driving the environmental watchdogs to implement new regulations and amend the existing ones for reducing waste generation. This will drive the spend in the solid waste management market in APAC. In MEA, major economies such as the UAE, Saudi Arabia, Qatar, and Oman, have implemented solid waste management projects. This is expected to favor category growth in the region during the forecast period.
Key geographies analyzed in this solid waste management procurement market intelligence report include the following:
Information on the top solid waste management suppliers and major risks faced while procuring is offered in this solid waste management market report. Download a free sample to access the report's complete scope of coverage.
SpendEdge presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key category influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.