LONDON--(EON: Enhanced Online News)--According to the latest procurement intelligence report from Technavio, the market for global waste management services 2017-2021 is expected to grow at a CAGR of 10.1% over the next five years due to an increase in the volumes of waste generated and increasing concern for environmental sustainability.
“During the forecast period, the waste management services market will be driven by increasing concern about environmental safety and sustainability and implementation of employee health and safety initiatives”
The research report titled ‘Global Waste Management Services: Procurement Intelligence Report 2017-2021’ provides an in-depth analysis of category spend, best procurement practices and cost saving opportunities, aimed at helping organizations achieve superior business performance. The report also provides insights on pricing, supplier positioning and top companies, enabling sourcing professionals to improve their competitive advantage through procurement excellence.
“During the forecast period, the waste management services market will be driven by increasing concern about environmental safety and sustainability and implementation of employee health and safety initiatives,” says lead Technavio procurement specialist Angad Singh for category spend intelligence. “In addition, growing demand from developing markets such as APAC and LATAM, which have surging volumes of waste and inadequate infrastructure, will also drive the market,” adds Angad.
Request a sample report: http://www.technavio.com/request-a-sample?report=56213
Technavio sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Cost saving opportunities in the waste management services market
The adoption of various cost-optimization levers helps buyers of waste management services realize direct cost savings and enhance category management and value benefits (including reduced procurement complexities).
Technavio procurement experts have segmented the cost saving opportunities in the waste management services market into the following value-enhancement opportunities:
- Adoption of technology
- Supplier Competition
- Adoption of negotiation strategies
- Optimization of procurement practices
- Bundling of services
Adoption of technology saving aspects
Waste treatment via composting, anaerobic decomposition, incineration, recycling, recovery, and reuse, can help realize savings to the extent of 7% of the total category spend. Such sustainable practices can help convert waste-to-energy conversion, create sanitary landfills, and reduce the volume and toxicity of the final waste disposed. Buyers look for service providers who can adopt such innovations to reduce the final volume of waste disposed into landfills. This saves landfill tax payable to respective governments.
Supplier competition saving aspects
Optimization of supply pool segregation is critical in the global waste management services market. Technavio analysts suggest competitive bidding based on experience, expertise, value-adds, and transparency in pricing.
Organizations prefer to reduce the volume and toxicity of waste generated through manufacturing and production activities. This helps them in waste reporting activities and saves tax liabilities. Hence, buyers prefer to engage with suppliers who can provide training and consultation on effective waste minimization techniques applicable for each stage of production activity.
Bundling of services saving aspects
One of the most opportunistic strategic cost saving levers in the global waste management services market is the need for bundling of services such as expert consulting, waste tracking and reporting along with traditional waste management services.
Buyers are required to comply with regional waste management and disposal regulations to avoid litigations or heavy penalties. Hence, they prefer engaging with suppliers that have an in-depth understanding of such regulations.
Browse other reports:
- Tax Advisory Services Market - Procurement Market Intelligence Report 2017-2021
- Global Real Estate Property Purchasing Market - Procurement Market Intelligence Report 2017-2021
- Global Real Estate Professional Services - Procurement Market Intelligence Report 2017-2021
Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they’re published in addition to all 6,000+ existing reports covering segments. This subscription nets you thousands in savings, while staying connected to Technavio’s constant transforming research library, helping you make informed business decisions more efficiently.
Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
If you are interested in more information, please contact our media team at email@example.com.