According to the MarkNtel Advisors research report, “GCC Waste Management Market Analysis, 2021,” the market shall grow at a CAGR of 6.25% in the forecast period of 2021-26. It owes prominently to a shift towards integrated waste management in the GCC region, with a prime focus on recycling and converting waste into value. Besides, several tenders of waste management are well-observed in GCC, the Middle East, and Africa. Additionally, the focus to optimize the segregation process, both at source & material recovery facilities, is becoming more crucial. The urgency to manage the increasing waste is causing an emergence of lucrative opportunities in the sector to deliver solutions for recycling, segregation, treatment, and waste-to-energy solutions across various end-users like technology, services, and equipment.
Key Questions Answered in the Study
Collection Service dominated with the Largest Share
Based on Services, the GCC Waste Management Market segments into Collection Service, Collection & transportation, Storage & Handling, Sorting, Disposable Service, Landfills, Recycling, Compositing & anaerobic digestion. Of them all, Collection Services dominated the waste management market in the previous years, accounting for nearly 60% of the total market share. It is very likely to continue its dominance in the forecast years, too, owing to factors like the rapidly increasing environmental concerns & awareness to conserve them. Besides, the dedicated approach by numerous end-users to improve the overall condition of the environment shall further boost the need for collection services in the region, thereby augmenting the overall market growth.
“GCC Waste Management Market Analysis, 2021” provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Agriculture Analytics providers across the countries. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.
Qatar to Attain the Fastest Market Growth
The GCC Waste Management Market is growing exponentially across the region. However, Qatar is more likely to attain that the fastest market growth in the forecast period. The country is actively focusing on waste management to protect the environment with the help of government policies, funding, and regulations to reduce the production of waste coming from numerous commercial sites, industries, and households. Moreover, Qatar is looking forward to new ways to reduce and recycle this waste by paying attention to waste management and treatment. Besides the general domestic waste generated in the country, one of the significant waste-generating industries in Qatar is the construction industry. Therefore, government & domestic municipalities are taking steps for the current waste generation rate to combat the massive waste production in Qatar. Hence, based on these aspects, Qatar shall attain the fastest market growth and contribute to the overall market in the forecast period, reveals MarkNtel Advisors in their research report, “GCC Waste Management Market Analysis, 2021.”
According to MarkNtel Advisors, the leading players in the GCC Waste Management Market are Averda, EnviroServe, Suez Middle East Recycling LLC, Green Mountains, Veolia, Blue LLC, Envac, SEPCO Environment, Saudi Investment Recycling Company, Dulsco Waste Management Services, Bee'ah, Power Waste Management & Transport LLC, Al Haya Enviro, Bin-Ovation, United Waste Management Company, Kuwait Waste Collection & Recycling Company.
Market Segmentation: