Global Solid Waste Management Market

Global Solid Waste Management Market Size, Share, Growth Analysis, By Waste Type(Industrial Waste, Municipal Waste), By Treatment Method(Collection, Processing) - Industry Forecast 2023-2030


Report ID: SQMIG20L2038 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 62 | Figures: 75

Global Solid Waste Management Market Insights

Solid Waste Management Market size was valued at USD 1777.34 billion in 2021 and is poised to grow from USD 1837.77 billion in 2022 to USD 2483 billion by 2030, growing at a CAGR of 3.4% in the forecast period (2023-2030).

The collection, disposal, and treatment of solid waste that has reached its useful life or is no longer necessary are referred to as solid waste management. Inadequate municipal solid waste disposal can result in unsanitary circumstances, which can cause environmental contamination and outbreaks of vector-borne disease. One of the biggest sources of solid waste is people's houses and places of residence. The rubbish collected at these locations includes food scraps, plastics, paper, glass, leather, cardboard, metals, yard wastes, ashes, and special wastes such major household items like electronics, tyres, batteries, old mattresses, and used oil. The majority of residences have garbage cans where they can dispose of their solid wastes. After being filled, the cans are taken for treatment by a garbage collection business or individual. One of the largest sources of solid waste is known to come from industries. Examples include factories producing both light and heavy goods, building sites, fabrication facilities, canning facilities, power plants, and chemical plants. These businesses generate a variety of hazardous wastes, including household garbage, food waste, packaging waste, ashes, building and demolition waste, special waste, and medical waste. Commercial structures and infrastructure are a new source of solid waste nowadays. Commercial structures and amenities include, but are not limited to, hotels, markets, restaurants, godowns, stores, and office buildings.

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

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Global Solid Waste Management Market Segmental Analysis

The global solid waste management market is segmented based on the waste type, treatment method and region. Based on the waste type, the global solid waste management market is segmented as industrial waste and municipal waste. Based on the treatment method, the global solid waste management market is segmented as collection, processing, and disposal. Based on region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

Solid Waste Management Market Analysis by Waste Type

The market is divided into two categories based on waste type: municipal trash and industrial waste. The largest and fastest-growing of them is industrial waste. The main source of solid waste is thought to be industrial trash. The key factor driving the expansion of this market is the rapid industrialization of developing economies. The appropriate disposal of industrial waste is required by producers due to government-imposed strict rules. The need for effective waste management services grows as a result. Additionally, the need for professional industrial waste management services is being fueled by the growing significance of material recycling and the circular economy in achieving sustainable goals.

Solid Waste Management Market Analysis by Treatment Method

The market is divided into three categories based on the treatment method: collection, processing, and disposal. The collection sector among these was responsible for the market's highest revenue in 2019. The majority of the costs associated with solid waste management are related to the labor-intensive operation of collecting solid garbage. It is a complicated operation that calls for the usage of collection equipment and an efficient choice of collection routes. In 2019, the disposal category had the second-largest market share. Incineration and landfilling & open dump are the other divisions of this category. Landfilling and open dumps are two of them that are frequently utilised to dispose of industrial and municipal solid waste. Both industrial and municipal solid waste are handled by modern landfill operations, which are carefully planned out and run in a safe and responsible manner. Land that is of poor quality could be improved through landfilling and then used for recreational parks or playgrounds. Recycling and composting are further divided under the processing segment. Recycling made up the greatest portion of total waste processing since it helps to achieve sustainable goals and provides economic advantages in terms of reduced need for raw materials. Additionally, recycling lessens the need for landfilling and incineration and promotes environmental safety.

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Global Solid Waste Management Market Regional Insights

With a share of 34.2%, Europe dominated the global solid waste management market in 2021. In 2021, Europe held the biggest market share for solid waste management. The region's growth is most likely to be aided by regulatory measures that promote effective solid waste disposal, such as a carbon price, direct subsidies, or landfill levies. The development of waste management solutions is anticipated to be fueled by growing public and governmental awareness of waste-to-energy options in the area. The region's solid waste management market is anticipated to rise as a result of technological developments in waste management solutions. As the government regularly implements rigorous rules regarding emission control in order to limit the emission of greenhouse gases in the environment, the Asia Pacific region is predicted to experience the quickest growth throughout the projection period. The government's increased support for the installation of cutting-edge waste treatment facilities is anticipated to fuel the industry's expansion in this area.

 

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Global Solid Waste Management Market Dynamics

Solid Waste Management Market Driver

  • Smart Waste Management's Development Will Aid Market Expansion

Rapid urbanization and industrialization are the primary drivers of the solid waste management market's expansion. In addition, the market is anticipated to grow as new technological trends, including smart waste management, emerge. In the upcoming years, this will help the market grow along with the development of Internet of Things technologies, which have the ability to improve garbage collection processes through optimization while also lowering total operational costs.

Solid Waste Management Market Restraint

  • High Operating Costs Could Limit Market Growth

The process of managing solid waste is difficult and time-consuming. As a result, waste collection vehicles, bins, and processing equipment have substantial initial and ongoing costs. Waste management necessitates a larger workforce performing a variety of tasks. It might be difficult to maintain properly motivated workers because they frequently need to work in multiple places to ensure efficient operations. Additionally, solid trash should be managed carefully and with the aid of trained employees because it can quickly harm the land and water resources. The whole operation's running costs consequently go up as a result.

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Global Solid Waste Management Market Competitive Landscape

A large number of small and medium-sized manufacturers dominate the solid waste management market, which is relatively fragmented and accounts for a sizable portion of the global share. The firms are engaged in numerous R&D projects and have well-equipped manufacturing facilities. Leading participants in the market for solid waste management include:

Top Players in the Global Solid Waste Management Market

  • Veolia Environnement S.A.
  • Waste Management Inc.
  • SUEZ Environment S.A.
  • Republic Services Inc.
  • Clean Harbors Inc.
  • Waste Connections Inc.
  • Stericycle Inc.
  • Covanta Holding Corporation
  • Advanced Disposal Services Inc.
  • Remondis SE & Co. KG
  • Biffa Group Limited
  • Renewi plc
  • Rumpke Consolidated Companies Inc.
  • FCC Environment UK Limited
  • China Everbright International Limited
  • U.S. Ecology Inc.
  • EEW Energy from Waste GmbH
  • Hitachi Zosen Corporation
  • Biffa Waste Services Ltd.
  • Viridor Waste Management Ltd.

Solid Waste Management Market Recent Developments

  • In May 2022, Tana is introducing a new shredder model and an entirely new kind of disc screen as part of an expansion of its product line. Both separately and together as a machine chain, the shredder and disc screen perform admirably. Tana is equipped to handle all requirements for garbage recycling with its current model lineup.
  • In January 2022, A portion of the approximately 18 billion old beverage containers that would otherwise end up in landfills or roadside ditches are put into the recycling cycle thanks to REMONDIS' collaboration with major merchants in Germany. Retailers have a lot of opportunities in this regard because to the deposit system's setup. Over the next few years, deposit return systems will be implemented in a number of European nations. REMONDIS currently desires to increase its involvement on a national and global scale by completing an acquisition.

Global Solid Waste Management Key Market Trends

  • An entirely new technological trend in the market has been sparked by the introduction of smart waste management services. Traditional rubbish collection methods are very resource-intensive and frequently follow predetermined routes. This can occasionally result in the needless waste of resources. The better garbage collection procedure, identification of waste filling trends, driver schedule optimization, and operational cost reduction are all possible with the new Internet of Things (IoT)-based technologies. Additionally, IoT-based garbage collecting bins are anticipated to be a workable smart solution for waste management in the near future due to the decline in the cost of sensors.
  • The quest for zero waste, innovative packaging, and the use of technology for trash separation are the most recent developments in the solid waste management market, and they are fueling market expansion. Airtight reactors with microorganisms termed anaerobic biogas digesters are utilized in the anaerobic decomposition of organic waste to produce biogas. The leftovers can be utilized in agriculture as fertilizer. In developing nations, the converted biogas is shaped to power low-tech equipment and is used as energy. Anaerobic digestion is used to treat 25% of organic waste in Europe. A clever technique to manage solid waste without polluting the air is to use biogas.

Global Solid Waste Management Market SkyQuest Analysis

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

According to our global solid waste management market analysis, the adoption of creative solid waste management solutions is rapidly expanding as awareness of the negative effects of improperly disposed-of and uncollected solid wastes grows. The market for solid waste management is also being revitalised by the advent of numerous beneficial government initiatives to enhance waste collection systems and create cutting-edge waste management techniques. During the projected period, technological developments and innovations to improve operational and cost effectiveness while reducing energy use in solid waste management are likely to further fuel market expansion.

Report Metric Details
Market size value in 2021 USD 1777.34 billion
Market size value in 2030 USD 2483 billion
Growth Rate 3.4%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Waste Type
    • Industrial Waste, Municipal Waste
  • Treatment Method
    • Collection, Processing, Disposal
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 Environnement S.A.
  • Waste Management Inc.
  • SUEZ Environment S.A.
  • Republic Services Inc.
  • Clean Harbors Inc.
  • Waste Connections Inc.
  • Stericycle Inc.
  • Covanta Holding Corporation
  • Advanced Disposal Services Inc.
  • Remondis SE & Co. KG
  • Biffa Group Limited
  • Renewi plc
  • Rumpke Consolidated Companies Inc.
  • FCC Environment UK Limited
  • China Everbright International Limited
  • U.S. Ecology Inc.
  • EEW Energy from Waste GmbH
  • Hitachi Zosen Corporation
  • Biffa Waste Services Ltd.
  • Viridor Waste Management Ltd.
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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 Global Solid 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 Global Solid 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 Global Solid 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 Global Solid 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 Global Solid Waste Management Market:

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

Regional Analysis: Further analysis of the Global Solid 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.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Solid Waste Management Market size was valued at USD 1777.34 billion in 2021 and is poised to grow from USD 1837.77 billion in 2022 to USD 2483 billion by 2030, growing at a CAGR of 3.4% in the forecast period (2023-2030).

A large number of small and medium-sized manufacturers dominate the solid waste management market, which is relatively fragmented and accounts for a sizable portion of the global share. The firms are engaged in numerous R&D projects and have well-equipped manufacturing facilities. Leading participants in the market for solid waste management include: 'Veolia Environnement S.A.', 'Waste Management Inc.', 'SUEZ Environment S.A.', 'Republic Services Inc.', 'Clean Harbors Inc.', 'Waste Connections Inc.', 'Stericycle Inc.', 'Covanta Holding Corporation', 'Advanced Disposal Services Inc.', 'Remondis SE & Co. KG', 'Biffa Group Limited', 'Renewi plc', 'Rumpke Consolidated Companies Inc.', 'FCC Environment UK Limited', 'China Everbright International Limited', 'U.S. Ecology Inc.', 'EEW Energy from Waste GmbH', 'Hitachi Zosen Corporation', 'Biffa Waste Services Ltd.', 'Viridor Waste Management Ltd.'

Smart Waste Management's Development Will Aid Market Expansion

An entirely new technological trend in the market has been sparked by the introduction of smart waste management services. Traditional rubbish collection methods are very resource-intensive and frequently follow predetermined routes. This can occasionally result in the needless waste of resources. The better garbage collection procedure, identification of waste filling trends, driver schedule optimization, and operational cost reduction are all possible with the new Internet of Things (IoT)-based technologies. Additionally, IoT-based garbage collecting bins are anticipated to be a workable smart solution for waste management in the near future due to the decline in the cost of sensors.

With a share of 34.2%, Europe dominated the global solid waste management market in 2021. In 2021, Europe held the biggest market share for solid waste management. The region's growth is most likely to be aided by regulatory measures that promote effective solid waste disposal, such as a carbon price, direct subsidies, or landfill levies. The development of waste management solutions is anticipated to be fueled by growing public and governmental awareness of waste-to-energy options in the area. The region's solid waste management market is anticipated to rise as a result of technological developments in waste management solutions. As the government regularly implements rigorous rules regarding emission control in order to limit the emission of greenhouse gases in the environment, the Asia Pacific region is predicted to experience the quickest growth throughout the projection period. The government's increased support for the installation of cutting-edge waste treatment facilities is anticipated to fuel the industry's expansion in this area.

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Global Solid Waste Management Market

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