June 29, 2022
According to the research report titled ‘Global Airport Waste Management Market 2022-2028’, available with MarketStudyReport, global airport waste management market was worth USD 1587 million in 2021 and is anticipated to garner a CAGR of 3.1% over the stipulated timeframe to reach USD 1965 million by the year 2028.
Report findings suggest that global airport waste management market growth is attributed to soaring number of airports around the world, improved spending capacity of individuals leading to preference for air travel, and efforts towards mindful disposal of waste.
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For the unversed, numerous operations carried out at airports generate a substantial amount of waste, which is regarded as one of the most important environmental challenges of air travel. Notably, the vacuum toilet waste or wastewater from airline lavatory, which must be pumped out and disposed of after each trip, is included in airport waste management.
Strict norms pertaining to waste disposal & management, in consort with focus on adopting sustainable practices are stimulating the industry outlook.
The report provides a thorough understanding of the latest trends in this business sphere, including growth drivers, upcoming opportunities, challenges, as well as potential methods to solve them. Moreover, insights pertaining to historical data are considered to make predictions about growth rate and valuation of worldwide airport waste management industry over 2022-2028.
Based on airport tier, the marketplace is branched into tier 5, tier 4, tier 3, tier 2, and tier 1. Whereas regionally, the industry trends are evaluated across Europe, Asia Pacific, North America, and rest of the world.
Furthermore, the study also entails business profiles of established industry players. Speaking of which, Veolia Environnement S.A., JWC Environmental LLC (Sulzer Ltd.), Stericycle, Inc., Business Waste Ltd., BEEAH Group, and Averda South Africa (Pty) Ltd. are the leading players in global airport waste management marketplace.
The document analyses competitive trends of the market such as mergers and acquisitions, distribution, R&D activities, and collaboration. Furthermore, conclusions from Porter's Five Forces analysis are included to help both current players and potential entrants in developing profit-making strategies.