USD 889.58 billion
Global Waste Management Market Size, Share, Growth Analysis, By Waste Type(Hazardous Waste, E-waste), By Service Type(Collection, Open Dumping), By End-User(Residential, Commercial) - Industry Forecast 2024-2031
Report ID:
SQMIG15A2139 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
95 |
Figures:
76
Global Waste Management Market Insights
Global Waste Management Market size was valued at USD 889.58 billion in 2019 and is poised to grow from USD 938.25 billion in 2023 to USD 1329.61 billion by 2031, growing at a CAGR of 5.4% in the forecast period (2024-2031).
Government regulations that have been expected to have a significant effect on the market are the Resource Conservation and Recovery Act and the Waste Shipment Regulation. The regulations are intended to improve this experience better. Due to the lockdown during the COVID-19 pandemic, generated waste from the commercial and industrial sectors decreased as factories and offices were closed completely or in part. All the same, waste in urban areas from population centers grew. Beginning in 2019, production facilities reopen, and rising vaccination rates cause businesses in the trash recycling sector to resume operations at maximum capacity.
Several disposal techniques and procedures have developed as a result of increasing awareness of proper waste disposal and its significance for maintaining animal and human health on a global scale. Waste management companies must promptly dispose of or recycle the waste because of the presence of massive quantities of hazardous compounds, such as metals and salts, in the waste.
The market is dominated by a few wastes’ major players, such Veolia, Covanta, Valrico, and Waste Management Inc., that have substantial customer bases and good reputation and thus limit new entrants. Due to the sophisticated nature of processing technologies, large capital costs are also anticipated for new market entrants. This is anticipated to reduce the threat of new entrants, hence decreasing market competition.
The high cost of buying and using waste management solutions is anticipated to have an influence on market growth. Also, the industry necessitates a lot of effort and can pay the high rates. Transportation costs for garbage are also high as these include both collection and delivery to landfills or recycling facilities.
US Waste Management Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Hazardous Waste
Fastest Growth
Hazardous Waste
Growth Rate
5.4% CAGR
Global Waste Management Market by Waste Type ($ Bn)
Country Share for North America Region (%)
Global Waste Management Market by Waste Type($ Bn)
Global Waste Management Market by Waste Type (%)
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Global Waste Management Market Segmental Analysis
Global Waste Management Market is segmented based on Waste Type, Service Type, End-User, and region. Based on Waste Type the Waste Management Market is segmented into Hazardous Waste, E-waste, Municipal Waste, Plastic Waste, Industrial Waste, Others. Based on Service Type the Waste Management Market is segmented into Collection, Open Dumping, Incineration/Combustion, Landfill, Recycling. Based on End User, the Waste Management Market is segmented into Residential, Commercial, Industrial. Based on region the global Waste Management Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Waste Management Market Analysis by Waste Type
Over the forecast period, the e-waste segment is expected to expand at the fastest CAGR of 7.3%. Rapid advancements in technology have resulted in the manufacture of new electronic products as well as upgraded versions of current products, which has reduced their shelf life and increased the amount of e-waste. In order to prevent the spread of infections and diseases like pneumonia, tuberculosis, tetanus, whooping cough, and diarrhea, waste generated by hospitals, clinics, and diagnostic centers must be treated using proper waste management techniques.
In 2021, the industrial waste segment dominated the market with a market share of over 50.0%. The major causes of the growing industrial waste generation are urbanization and industrialization. Industrial waste management is essential because poor handling of this waste can cause serious damage to plants and animals as well as groundwater and lake pollution.
Waste Management Market Analysis by Service Type
In 2021, the collection segment dominated the market with a share of over 60.0%. Waste collection involves sorting the waste, loading and unloading the waste, selecting a suitable location, preparing that location for waste storage at a minimal distance from the waste generation site, and maintaining the waste. The garbage collection companies must consider the routine cleaning and maintenance of these storage areas.
To avoid waste spilling or leaking while transporting, proper precautions should be taken. During transportation, the liquid waste needs to be covered and leak-proof. Non-hazardous garbage can be delivered directly to the recycling plant, while hazardous waste from commercial and industrial premises must be transported through proper transport vehicles with a certain level of protection.
Global Waste Management Market by Waste Type, 2023 (%)
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Global Waste Management Market Regional Insights
North America dominated the global market as a result of government regulations mandating waste management in a number of industries and infrastructure improvements. The Resource Conservation and Recovery Act and the Waste Shipment Regulation are anticipated to have a big impact on the market. These rules are intended to enhance the service.
Asia-Pacific holds the largest market share and a dominant position in the waste management sector. Throughout Asia Pacific, it is expected that as more people move from rural to urban regions, the production of solid waste will increase quickly. Through the migration of rural residents to urban regions and the development of towns into cities, industrialization has increased urbanization in the Asia Pacific region. Customers in the Asia-Pacific region have more money to spend thanks to the region's constant economic growth, which has ultimately led to an increase in the demand for waste management services. The waste management industry in this region has been greatly affected by the growing awareness of the harmful environmental effects of non-ecofriendly packaging, such as plastic packaging and other plastic product components.
Global Waste Management Market By Region, 2024-2031
- Largest
- Fastest
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Global Waste Management Market Dynamics
Waste Management Market Drivers
Growing government waste management initiatives
- Governments all over the world are taking positive steps to collect, transport, and recycle waste, so demand for waste management solutions is expected to increase.
- The Indian government passed a slew of laws, rules, and rules pertaining to efficient management of solid waste. In India, municipal solid waste regulations have indeed been established to conduct waste management services in municipal areas as well as in places such railway stations, special economic zones, places of worship, and others.
Increase in e-waste
- The usual life cycle of an electronic product includes product development, introduction, growth, maturity, and disposal or recycling. The recycling of electrical products is influenced by the end of their useful lives, technological developments, and shifting consumer preferences. As a result of quick-paced new inventions, new electronic devices and improved versions of ancient products, like laptops, mobile phones, and televisions, are created. Similar to how people's purchasing power increases, the lifespan of technological advances also tends to increase.
Waste Management Market Restraints
Lack of necessary infrastructure for waste collection and segregation
- Waste segregation is the process of separating dry and wet trash, which makes other waste management procedures like composting, recycling, and incineration possible. The objective is to lessen waste going to landfills and eventually stop air, water, and land contamination. For recycling garbage and plastic products or any other items like paper, metals, and wood products, proper waste collection and classification are crucial. Municipalities and other government entities engaged in waste management face serious danger from improper trash disposal.
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Global Waste Management Market Competitive Landscape
The major competitors in the market offer services for waste collection, transportation, and disposal by integration throughout the supply chain. As a result, operational costs are optimized, profit margins are raised, and the companies are capable of capturing a large share of the market.
Waste Management Market Top Player’s Company Profiles
- Waste Management Inc.
- Veolia Environnement S.A.
- SUEZ Environment S.A.
- Republic Services, Inc.
- Clean Harbors, Inc.
- Waste Connections, Inc.
- Stericycle, Inc.
- Biffa Group Limited
- Remondis AG & Co. Kg
- Advanced Disposal Services, Inc.
- Casella Waste Systems, Inc.
- Covanta Holding Corporation
- FCC Environment
- Waste Industries
- Renewi plc
- Progressive Waste Solutions Ltd.
- Hitachi Zosen Corporation
- China Everbright International Limited
- Newater Technology, Inc.
- GFL Environmental Inc.
Waste Management Market Recent Developments
- In February 2022, Veolia was deployed at LIPOR's Energy Recovery Plant, close to Porto, and became one of the first synthetic E-Fuel production units in Europe. The waste-to-energy business is expected to undergo a revolution thanks to its cutting-edge technology configuration and design, which will also help to decarbonize the aviation industry.
- In March 2022, The largest and most renowned redistributor of leftover food and household goods in the UK, Company Shop Group (or "CSG"), was purchased by Biffa Group.
Global Waste Management Key Market Trends
- The management of construction and demolition waste involves a variety of tasks, including monitoring, collecting, transporting, recycling, and disposing of the waste produced during the construction, refurbishment, or demolition of structures or other infrastructure. During construction activities, it aids in the reduction and reuse waste materials including concrete, dirt, wood, glass, plastic, cardboard, and metal. Construction and demolition waste are inert, heavy, and non-biodegradable waste, in contrast to residential waste. So, before these materials can be reused or decomposed, regulatory authorities want commercial facilities for sorting, processing, and filtering these. Global demand for construction and demolition waste management has been driven by an increase in construction and demolition activity.
Global 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 by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Waste Management Market analysis, there is a dearth of a holistic approach to waste and resource management that covers the entire value chain of product design, raw material extraction, production, consumption, recycling, and trash treatment. The market is growing due to a lack of land for effective waste disposal and a focus on resource and energy recovery. On the other side, low significance placed on waste management and lower sustainability in waste management is limiting market growth. Also, the increasing popularity of recyclable products is opening up tremendous opportunities for the market. An increase in the adoption of aggressive government measures to reduce illegal dumping is what is driving the growth of the global waste management market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 889.58 billion |
| Market size value in 2031 | USD 1329.61 billion |
| Growth Rate | 5.4% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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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 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
- Exhibit: Impact analysis of DROC, 2021
- 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 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
- Exhibit: Impact analysis of DROC, 2021
- 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
- Competitive rivalry
- 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(%)
- Total number of companies covered
Methodology
For the Global 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 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 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 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.
Global Waste Management Market Report Snapshots
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