What is the global market size of Solid Waste Management Market?

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).

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 News

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 Market Report Snapshots

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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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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

Global Solid Waste Management Market News

Global Solid Waste Management Market Report Snapshots

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