Global Industrial Waste Management Market

Industrial Waste Management Market Size, Share, Growth Analysis, By Treatment Type(Incineration, Recycling, Landfill, and Others.), By Application(Manufacturing, Construction, Oil and Gas, Pharmaceuticals and Others.), By Waste Type(Hazardous and Non - Hazardous Wastes.), By Region - Industry Forecast 2024-2031


Report ID: SQMIG20F2009 | Region: Global | Published Date: March, 2024
Pages: 202 |Tables: 90 |Figures: 76

Industrial Waste Management Market Insights

Global Industrial Waste Management Market size was valued at USD 87.75 Billion in 2022 and is poised to grow from USD 92.49 billion in 2023 to USD 140.87 Billion by 2031, at a CAGR of 5.4% during the forecast period (2024- 2031).

One of the primary drivers of the global industrial waste management market is the increasing awareness and focus on environmental sustainability. With growing concerns over pollution and its impact on ecosystems, governments and industries worldwide are implementing stringent regulations and standards for waste management. This has led to a greater demand for efficient and sustainable waste management solutions, thereby driving the market's growth. Furthermore, advancements in waste treatment and disposal technologies are revolutionising the industrial waste management market. Innovations such as waste-to-energy conversion, recycling technologies, and advanced landfill management techniques are gaining traction globally. These technologies not only help in waste reduction and resource recovery but also contribute to energy generation and circular economy initiatives. The adoption of such advanced technologies is likely to fuel the market's growth by offering more sustainable and cost-effective waste management solutions.

US Industrial Waste Management Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 87.75 Billion

Largest Segment

Recycling

Fastest Growth

Incineration

Growth Rate

5.4% CAGR

Global Industrial Waste Management Market ($ Bn)
Country Share for North America Region (%)

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Industrial Waste Management Market Segmental Analysis

The global industrial waste management market is segmented on the basis of treatment type, application, waste type, and region. By treatment type, the market is segmented into incineration, recycling, landfill, and others. By application, the market is segmented into manufacturing, construction, oil and gas, pharmaceuticals, and others. By waste type it is segmented into hazardous waste and non - hazardous waste. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Industrial Waste Management Market Analysis By Type

Recycling has emerged as the dominant type within the global industrial waste management market. With growing environmental concerns and increased awareness of sustainable practices, industries are increasingly adopting recycling methods to manage their waste. Recycling offers the advantage of converting waste materials into reusable resources, reducing the overall environmental impact. This dominant position can be attributed to the emphasis on circular economy principles and government regulations promoting waste reduction and recycling initiatives.

On the other hand, incineration is the fastest-growing type within the global industrial waste management market. Incineration involves the controlled combustion of waste materials, resulting in the production of heat, energy, or ash residues. Incineration is gaining momentum due to its ability to generate energy and minimise the volume of waste requiring disposal. This method is particularly attractive in regions where energy recovery and waste-to-energy initiatives are encouraged. The growing adoption of waste-to-energy plants and advancements in incineration technologies contribute to its rapid growth.

Industrial Waste Management Market Analysis By Application

Among the various applications in the global industrial waste management market, the dominant sector is the manufacturing industry. Manufacturing activities generate a significant amount of waste materials, including hazardous and non-hazardous waste. As a result, the manufacturing sector requires robust waste management solutions to ensure compliance with environmental regulations and reduce the impact on the environment. This dominance is primarily due to the large-scale production processes and the diverse range of waste generated across different manufacturing subsectors.

Regarding the fastest-growing application in the global industrial waste management market, the construction industry stands out. The construction sector is experiencing rapid growth globally, driven by urbanisation, infrastructure development, and commercial construction projects. Construction activities generate substantial amounts of waste materials, including debris, concrete, wood, and metals. Effective waste management practices in construction are becoming increasingly important to minimise environmental impacts and ensure sustainability.

Global Industrial Waste Management Market By Technology, 2023 (%)

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Industrial Waste Management Market Regional Insights

The dominant region in the global industrial waste management market is North America. North America has a well-established industrial sector, including manufacturing, energy production, and chemical processing, which generates a substantial amount of industrial waste. Additionally, the region has strict environmental regulations and a high level of awareness regarding the importance of proper waste management. These factors have led to the development of a robust industrial waste management infrastructure in North America. The presence of key market players and the adoption of advanced waste management technologies further contribute to the region's dominant position in the market.

On the other hand, the fastest-growing region in the global industrial waste management market is Asia Pacific. The region is witnessing rapid industrialization, particularly in countries such as China, India, and Southeast Asian nations. The growing manufacturing and construction sectors in these countries result in a significant volume of industrial waste generation. Furthermore, increasing government initiatives and regulations aimed at promoting sustainable waste management practices are driving the demand for industrial waste management solutions in the region. The adoption of advanced waste treatment technologies, including recycling, waste-to-energy conversion, and landfill remediation, is also on the rise in Asia Pacific. These factors contribute to the region's remarkable growth in the industrial waste management market.

Global Industrial Waste Management Market By Region, 2024-2031
  • Largest
  • Fastest

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Industrial Waste Management Market Dynamics

Industrial Waste Management Market Drivers

Increasing Industrialization

  • The global industrial waste management market is driven by the increasing pace of industrialization worldwide, leading to the generation of substantial volumes of industrial waste. Industries such as manufacturing, construction, chemicals, and energy have experienced significant growth, creating a heightened demand for effective waste management solutions.

Industrial Waste Management Market Restraints

Lack of Awareness and Expertise

  • In certain regions, particularly developing areas, industries may face challenges due to a lack of awareness and expertise in proper waste management practices. Limited knowledge about available technologies, regulatory requirements, and best practices can impede the adoption of efficient waste management solutions in these industries. It is crucial to enhance awareness and provide necessary education to overcome this hurdle.

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Industrial Waste Management Market Competitive Landscape

The global industrial waste management market is highly competitive, with several key players operating on a global scale. This market encompasses a wide range of services and solutions aimed at managing and disposing of industrial waste in an environmentally responsible and cost-effective manner. The competitive landscape of the market is characterised by a mix of established waste management companies, specialised players, and emerging startups. The market players in the industrial waste management industry offer a diverse range of services, including waste collection, transportation, treatment, recycling, and disposal. These companies cater to various industries such as manufacturing, construction, healthcare, oil and gas, chemicals, and others, addressing their unique waste management requirements.

Industrial Waste Management Market Top Player’s Company Profile

  • Veolia (France)
  • SUEZ (France)
  • Waste Management Inc. (US)
  • Republic Services Inc. (US)
  • Stericycle Inc. (US)
  • Clean Harbors Inc. (US)
  • Covanta Holding Corporation (US)
  • Advanced Disposal Services Inc. (US)
  • Remondis SE & Co. KG (Germany)
  • Biffa Group Limited (UK)
  • Renewi PLC (UK)
  • FCC Environment (Spain)
  • EnviroServ Waste Management (South Africa)
  • Waste Connections Inc. (Canada)
  • Sembcorp Industries Ltd. (Singapore)
  • China Everbright International Limited (China)
  • Shanghai Chengtou Holding Co. Ltd. (China)
  • Norsk Gjenvinning Group (Norway)
  • Hitachi Zosen Corporation (Japan)
  • WasteServ Malta Ltd. (Malta)

Industrial Waste Management Market Recent Developments

  • In February 2024, Bollegraaf, the greatest producer of recycling plants, partnered with Greyparrot, a forerunner in AI waste examination, to further develop how we oversee waste universally. Bollegraaf is giving its AI vision business to Greyparrot and putting $12.8M in real money into Greyparrot; however, it won't control the organization. Bollegraaf will likewise assist Greyparrot with appropriating its Analyzer innovation, which utilizes AI cameras to track waste in recycling plants across 14 nations.

     

  • In November 2023, Hayleys Fabric united with Pro Green to change industrial waste into construction materials. This collaboration, working under the name FaBriEco, centers around making harmless items for the ecosystem and reasonable items for the local market. They intend to use dye waste, fabric waste, and fly ash delivered to the textile industry. The initiative depends on research led by Pro Green Laboratories, driven by Professor Rangika U. Halwatura. Their imaginative patents include mud concrete blocks and polymerized self-compacting mud blocks, adding to reasonable solutions for construction materials.

     

  • In March 2024, Bina Darulaman (BDB) partnered with a Chinese firm to deal with an industrial waste management project. As indicated by Raja Shahreen Raja Othman, BDB's executive director, this joint effort fits with the Kedah Improvement Plan 2035 (PPK 2035) and is a vital piece of the organization's new essential strategy. This worldwide association aims to consolidate the qualities of the two organizations to give viable answers for overseeing modern waste. These arrangements expect to diminish mischief to the climate, promote sustainable practices, and guarantee that all guidelines are met.

Industrial Waste Management Key Market Trends

  • The increasing focus on sustainability is a key market trend in the global industrial waste management market. Businesses are increasingly looking for ways to reduce their environmental impact, and this is driving demand for sustainable waste management solutions. Sustainable waste management solutions can help businesses to reduce their waste disposal costs, improve their environmental performance, and comply with government regulations.

Industrial Waste Management Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to the Global Industrial Waste Management Market analysis, The study also identifies the restraints and challenges faced by the global industrial waste management market. This can be a significant barrier for small and medium-sized enterprises (SMEs) looking to adopt sustainable waste management practices. Moreover, the lack of awareness and limited technical expertise in some regions pose challenges to the adoption of effective waste management strategies. The report provides a comprehensive analysis of the market's segmentation based on waste type, service type, and industry vertical. It delves into the various waste types, including hazardous waste, non-hazardous waste, and e-waste, and assesses their respective market potentials. Furthermore, it examines the different service types offered in the market, such as collection, transportation, treatment, and disposal. The report also analyses the market based on industry verticals, including manufacturing, healthcare, chemicals, automotive, and others.

Report Metric Details
Market size value in 2023 USD 87.75 Billion
Market size value in 2031 USD 140.87 Billion
Growth Rate 5.4%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Treatment Type
    • Incineration, Recycling, Landfill, and Others.
  • Application
    • Manufacturing, Construction, Oil and Gas, Pharmaceuticals and Others.
  • Waste Type
    • Hazardous and Non - Hazardous Wastes.
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Veolia (France)
  • SUEZ (France)
  • Waste Management Inc. (US)
  • Republic Services Inc. (US)
  • Stericycle Inc. (US)
  • Clean Harbors Inc. (US)
  • Covanta Holding Corporation (US)
  • Advanced Disposal Services Inc. (US)
  • Remondis SE & Co. KG (Germany)
  • Biffa Group Limited (UK)
  • Renewi PLC (UK)
  • FCC Environment (Spain)
  • EnviroServ Waste Management (South Africa)
  • Waste Connections Inc. (Canada)
  • Sembcorp Industries Ltd. (Singapore)
  • China Everbright International Limited (China)
  • Shanghai Chengtou Holding Co. Ltd. (China)
  • Norsk Gjenvinning Group (Norway)
  • Hitachi Zosen Corporation (Japan)
  • WasteServ Malta Ltd. (Malta)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Industrial Waste Management Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Industrial Waste Management Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Industrial Waste Management Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Industrial Waste Management Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Industrial Waste Management Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Industrial Waste Management Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

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FAQs

Industrial Waste Management Market size was valued at USD 87.75 Billion in 2022 and is poised to grow from USD 92.49 billion in 2023 to USD 140.87 Billion by 2031, at a CAGR of 5.4% during the forecast period (2024- 2031).

The industrial waste management market is highly competitive, with several key players operating on a scale. This market encompasses a wide range of services and solutions aimed at managing and disposing of industrial waste in an environmentally responsible and cost-effective manner. The competitive landscape of the market is characterised by a mix of established waste management companies, specialised players, and emerging startups. The market players in the industrial waste management industry offer a diverse range of services, including waste collection, transportation, treatment, recycling, and disposal. These companies cater to various industries such as manufacturing, construction, healthcare, oil and gas, chemicals, and others, addressing their unique waste management requirements. 'Veolia (France)', 'SUEZ (France)', 'Waste Management Inc. (US)', 'Republic Services Inc. (US)', 'Stericycle Inc. (US)', 'Clean Harbors Inc. (US)', 'Covanta Holding Corporation (US)', 'Advanced Disposal Services Inc. (US)', 'Remondis SE & Co. KG (Germany)', 'Biffa Group Limited (UK)', 'Renewi PLC (UK)', 'FCC Environment (Spain)', 'EnviroServ Waste Management (South Africa)', 'Waste Connections Inc. (Canada)', 'Sembcorp Industries Ltd. (Singapore)', 'China Everbright International Limited (China)', 'Shanghai Chengtou Holding Co. Ltd. (China)', 'Norsk Gjenvinning Group (Norway)', 'Hitachi Zosen Corporation (Japan)', 'WasteServ Malta Ltd. (Malta)'

The industrial waste management market is driven by the increasing pace of industrialization worldwide, leading to the generation of substantial volumes of industrial waste. Industries such as manufacturing, construction, chemicals, and energy have experienced significant growth, creating a heightened demand for effective waste management solutions.

The increasing focus on sustainability is a key market trend in the industrial waste management market. Businesses are increasingly looking for ways to reduce their environmental impact, and this is driving demand for sustainable waste management solutions. Sustainable waste management solutions can help businesses to reduce their waste disposal costs, improve their environmental performance, and comply with government regulations.

The dominant region in the industrial waste management market is North America. North America has a well-established industrial sector, including manufacturing, energy production, and chemical processing, which generates a substantial amount of industrial waste. Additionally, the region has strict environmental regulations and a high level of awareness regarding the importance of proper waste management. These factors have led to the development of a robust industrial waste management infrastructure in North America. The presence of key market players and the adoption of advanced waste management technologies further contribute to the region's dominant position in the market.

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