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During the forecast period (2023-2030), the size of the global waste management market is expected to increase from USD 889.59 billion in 2022 to USD 1329.68 billion, representing a CAGR of 6.4%.
Two pieces of government legislation, the Resource Conservation and Recovery Act and the Waste Shipment Regulation, are widely anticipated to have a sizable impact on the industry as a whole. The rules exist to make this activity more satisfying. Waste from businesses and industries dropped as factories and offices shuttered totally or partially during the COVID-19 pandemic shutdown. Nonetheless, garbage production in cities and other densely populated places increased. Companies in the waste recycling industry will once again be operating at full capacity beginning in 2021 when production facilities reopen and immunization rates continue to rise. As more people learn about the link between improper garbage disposal and declining animal and human health, numerous disposal strategies and procedures have emerged. Massive volumes of dangerous substances, such as metals and salts, necessitate quick disposal or recycling of the garbage by waste management businesses.
Few waste management companies, like Veolia, Covanta, Valrico, and Waste Management Inc., control the majority of the market due to their large customer bases and stellar reputations. New entrants to the industry should also expect high capital expenditures due to the complexity of processing technologies. The potential for new entrants to the market to be disrupted should decrease as a result of this. It is expected that the high price of purchasing and implementing waste management systems will have an effect on market development. The sector also requires a lot of work and is willing to pay top dollar because of this. Garbage collection and delivery to dumps or recycling centers incur significant transportation expenditures.
Market Analysis of Waste Management by Waste Type
The e-waste industry is projected to grow at a compound annual rate of growth of 7.3% throughout the predicted time frame. Rapid technological progress has led to the production of new electronic items and updated versions of existing ones, which has shortened the lifespan of electronics and increased the volume of e-waste. The trash produced by hospitals, clinics, and diagnostic facilities must be managed using suitable waste management techniques to prevent the spread of infections and diseases like pneumonia, TB, tetanus, whooping cough, and diarrhea. With more than 50% of the market in 2021, industrial waste was the most important sector. Industrial waste is on the rise, and urbanization and more manufacturing are to blame. Because improper disposal of this trash can poison groundwater and pollute lakes, industrial waste management is crucial.
Market Segmentation for Waste Management Services
By 2021, the collection subsegment had captured over 60% of the market. Sorting trash, loading and unloading it, finding a place to store it not too far from where it was generated, and keeping it in good condition are all part of the garbage collection process. Garbage collection services should plan on maintaining and cleaning these facilities on a regular basis. It's important to take safety measures to prevent any waste from leaking or spilling during transit. Liquid waste must be contained and prevented from leaking during transit. Garbage that poses no danger can be brought directly to the recycling plant, but hazardous waste from businesses and factories must be transported using specially equipped vehicles.
Motivators in the Waste Management Industry
Increased government efforts to manage garbage
Positive actions by governments to collect, transport, and recycle waste will likely enhance the need for waste management systems.
To ensure effective waste management, the Indian government enacted a number of rules and regulations. Waste management services in urban areas, including airports, train stations, economic zones, and religious institutions, must comply with municipal solid waste legislation in India.
Growth in Electronic Waste
An electronic device often goes through a development phase, an introduction phase, a growth phase, a maturity phase, and finally a disposal or recycling phase. The end of a product's usable life, advances in technology, and changes in customer taste all have an impact on the recycling of electrical goods. Rapid technological progress has led to the development of numerous novel electronic gadgets in addition to refined iterations of age-old products like computers, mobile phones, and televisions. As the standard of living of a population rises, so does the average age at which technical breakthroughs are still useful.
Limitations on the Waste Management Industry
Waste collection and sorting facilities are inadequate.
Segregating trash into dry and wet categories paves the way for more advanced waste management techniques including composting, recycling, and burning. The goal is to reduce garbage sent to landfills and, ultimately, to end pollution of our air, water, and land. Correct waste collection and sorting are essential for recycling non-hazardous materials like paper, metal, and wood. The improper disposal of trash poses a significant risk to municipalities and other government agencies involved in waste management.
Strategic Market Shifts
Monitoring, collecting, transporting, recycling, and disposing of the trash produced during the building, refurbishment, or demolition of structures or other infrastructure are all part of the management of construction and demolition waste. It helps recycle and repurpose building debris like dirt, concrete, wood, glass, plastic, cardboard, and metal. In contrast to household garbage, construction and demolition debris are inert, hefty, and non-biodegradable. Therefore, regulatory authorities seek commercial facilities for sorting, processing, and filtering them before they can be reused or decomposed. An increase in building and tearing down around the world has boosted interest in C&D waste management.
Report Coverage
Global Waste Management research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Waste Management report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Waste Management competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Waste Management market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Waste Management market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Waste Management market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
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.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Waste Management market based on the below-mentioned segments:
Global Waste Management Market, By Waste Type
Hazardous Waste
E-waste
Municipal Waste
Plastic Waste
Industrial Waste
Others
Global Waste Management market, By Service Type
Collection
Open Dumping
Incineration/Combustion
Landfill
Recycling
Global Waste Management Market, By End User
Residential
Commercial
Industrial
Global Waste Management market, Regional Analysis
Two pieces of government legislation, the Resource Conservation and Recovery Act and the Waste Shipment Regulation, are widely anticipated to have a sizable impact on the industry as a whole. The rules exist to make this activity more satisfying. Waste from businesses and industries dropped as factories and offices shuttered totally or partially during the COVID-19 pandemic shutdown. Nonetheless, garbage production in cities and other densely populated places increased. Companies in the waste recycling industry will once again be operating at full capacity beginning in 2021 when production facilities reopen and immunization rates continue to rise. As more people learn about the link between improper garbage disposal and declining animal and human health, numerous disposal strategies and procedures have emerged. Massive volumes of dangerous substances, such as metals and salts, necessitate quick disposal or recycling of the garbage by waste management businesses.
Few waste management companies, like Veolia, Covanta, Valrico, and Waste Management Inc., control the majority of the market due to their large customer bases and stellar reputations. New entrants to the industry should also expect high capital expenditures due to the complexity of processing technologies. The potential for new entrants to the market to be disrupted should decrease as a result of this. It is expected that the high price of purchasing and implementing waste management systems will have an effect on market development. The sector also requires a lot of work and is willing to pay top dollar because of this. Garbage collection and delivery to dumps or recycling centers incur significant transportation expenditures.
Market Analysis of Waste Management by Waste Type
The e-waste industry is projected to grow at a compound annual rate of growth of 7.3% throughout the predicted time frame. Rapid technological progress has led to the production of new electronic items and updated versions of existing ones, which has shortened the lifespan of electronics and increased the volume of e-waste. The trash produced by hospitals, clinics, and diagnostic facilities must be managed using suitable waste management techniques to prevent the spread of infections and diseases like pneumonia, TB, tetanus, whooping cough, and diarrhea. With more than 50% of the market in 2021, industrial waste was the most important sector. Industrial waste is on the rise, and urbanization and more manufacturing are to blame. Because improper disposal of this trash can poison groundwater and pollute lakes, industrial waste management is crucial.
Market Segmentation for Waste Management Services
By 2021, the collection subsegment had captured over 60% of the market. Sorting trash, loading and unloading it, finding a place to store it not too far from where it was generated, and keeping it in good condition are all part of the garbage collection process. Garbage collection services should plan on maintaining and cleaning these facilities on a regular basis. It's important to take safety measures to prevent any waste from leaking or spilling during transit. Liquid waste must be contained and prevented from leaking during transit. Garbage that poses no danger can be brought directly to the recycling plant, but hazardous waste from businesses and factories must be transported using specially equipped vehicles.
Motivators in the Waste Management Industry
Increased government efforts to manage garbage
Positive actions by governments to collect, transport, and recycle waste will likely enhance the need for waste management systems.
To ensure effective waste management, the Indian government enacted a number of rules and regulations. Waste management services in urban areas, including airports, train stations, economic zones, and religious institutions, must comply with municipal solid waste legislation in India.
Growth in Electronic Waste
An electronic device often goes through a development phase, an introduction phase, a growth phase, a maturity phase, and finally a disposal or recycling phase. The end of a product's usable life, advances in technology, and changes in customer taste all have an impact on the recycling of electrical goods. Rapid technological progress has led to the development of numerous novel electronic gadgets in addition to refined iterations of age-old products like computers, mobile phones, and televisions. As the standard of living of a population rises, so does the average age at which technical breakthroughs are still useful.
Limitations on the Waste Management Industry
Waste collection and sorting facilities are inadequate.
Segregating trash into dry and wet categories paves the way for more advanced waste management techniques including composting, recycling, and burning. The goal is to reduce garbage sent to landfills and, ultimately, to end pollution of our air, water, and land. Correct waste collection and sorting are essential for recycling non-hazardous materials like paper, metal, and wood. The improper disposal of trash poses a significant risk to municipalities and other government agencies involved in waste management.
Strategic Market Shifts
Monitoring, collecting, transporting, recycling, and disposing of the trash produced during the building, refurbishment, or demolition of structures or other infrastructure are all part of the management of construction and demolition waste. It helps recycle and repurpose building debris like dirt, concrete, wood, glass, plastic, cardboard, and metal. In contrast to household garbage, construction and demolition debris are inert, hefty, and non-biodegradable. Therefore, regulatory authorities seek commercial facilities for sorting, processing, and filtering them before they can be reused or decomposed. An increase in building and tearing down around the world has boosted interest in C&D waste management.
Report Coverage
Global Waste Management research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Waste Management report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Waste Management competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Waste Management market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | 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. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Waste Management Market from 2021 to 2030.
- Market Forecast for Waste Management Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Waste Management competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Waste Management
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Waste Management market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Waste Management market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
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.
Primary Target Market
- Market Players of Waste Management
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Waste Management market based on the below-mentioned segments:
Global Waste Management Market, By Waste Type
Hazardous Waste
E-waste
Municipal Waste
Plastic Waste
Industrial Waste
Others
Global Waste Management market, By Service Type
Collection
Open Dumping
Incineration/Combustion
Landfill
Recycling
Global Waste Management Market, By End User
Residential
Commercial
Industrial
Global Waste Management market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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