Waste Treatment and Disposal Services Market Propelled by Industrialization of Developing Economies

The primary driver for the global waste treatment and disposal services market is the rapid rate of industrialization that major developing economies are currently undergoing. Nations such as China, India, Brazil, and Russia are showing signs of rapid progress in terms of industrial infrastructure and the inclusion of major industry verticals and processes. The rapidly increasing industrial activity itself is creating a large amount of waste products. At the same time, the subsequently increasing population density, coupled with the increasing number of individuals with disposable incomes, is further boosting the global waste treatment and disposal services market.
 
As for developed economies of North America and Europe, the imposition of increasingly stringent regulations for the protection of the environment are increasing the growth of the waste treatment and disposal services market in these regions. Both regions are showing a high number of government policies that are being implemented when it comes to disposal and management of waste products, from industrial as well as commercial and residential sources.
 
The global waste treatment and disposal services market can also present opportunities for recycling or re-utilization of the waste produced in large organizations. This also includes the use of landfills as fuel sources, where large amounts of garbage can be incinerated to generate heat, which is converted to electricity. At the same time, the ash generated from such incineration can also be used as a raw material in the manufacture of cement. Other aspects include the use of methane gas from decomposing garbage. Methane can be collected, compressed, and converted to liquid nitrogen gas. LNG is an effective alternative to natural gas, diesel, or petrol. Additionally, LNG also gives a very low amount of carbon emission in comparison to conventional fossil fuels.

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The above factors can prove to be a major boost to multiple industries, and an increasing awareness of the utilities of the global waste treatment and disposal services market will therefore help make this possible.
 
Key players in the global waste treatment and disposal services market are Casella Waste Systems Inc., Progressive Waste Solutions Ltd., Waste Connections Inc, and Waste Management Inc.