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 2024-2031

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

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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Solid Waste Management Market size was valued at USD 1777.34 billion in 2019 and is poised to grow from USD 1837.77 billion in 2023 to USD 2483 billion by 2031, growing at a CAGR of 3.4% in the forecast period (2024-2031).

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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