Freedonia Market Research Analyzes the Waste Remediation and Collection Services Industry

Demand for waste management and remediation services in the US is forecast to increase 5.3 percent per year to $109 billion in 2012.  Advances will be supported by the ongoing need to collect, transport, treat and dispose of all types of waste.  The growing interest in recycling and composting will also benefit demand for waste management services.  Ongoing concern over indoor air quality and environmental health will aid use of remediation services in buildings and on nonbuilding sites.  These and other trends, including market share and company profiles, are presented in Waste Management & Remediation Services, a new study from The Freedonia Group, Inc., a Cleveland-based industry research firm. 

Among all segments, waste collection will continue to represent the largest share of demand, bolstered by the growing interest in recycling which will increase the collection of recyclable materials.  The collection of recyclable materials is a higher value service than standard waste collection, aiding value growth going forward. 

Through 2012, remediation and material recovery services are anticipated to provide the fastest growth in the industry.  Remediation services will continue to benefit from the ongoing interest in public and environmental safety.  Material recovery services will see strong growth due to the increasing interest in recycling in the US and the reuse of materials in the manufacturing market. Waste treatment and disposal services are projected to see the slowest gains among the major waste management services through 2012, mainly because of market maturity.  Furthermore, the number of active municipal solid waste landfills is forecast to continue to decline, limiting market expansion.  However, as existing landfills are closed, tipping fees are expected to increase, offsetting these negative factors.

In 2007, the government was the largest user of waste management and remediation services, with more than one-third of the total.  The share of direct provision revenues is expected to fall through 2012, generating growth opportunities for contract service providers as the government market continues to privatize waste management services.  The residential market accounted for one-quarter of waste management and remediation service demand in 2007.  Through 2012, this market will benefit from gains in recyclable material collection and building remediation services.  The service industries and construction and demolition markets will see the fastest growth through 2012.  Healthy advances are anticipated for service income and construction going forward.

The Freedonia Group is a leading international business research company, founded in 1985, that publishes more than 100 industry research studies annually. This industry analysis provides an unbiased outlook and a reliable assessment of an industry and includes product segmentation and demand forecasts, industry trends, demand history, threats and opportunities, competitive strategies, market share determinations and company profiles.