Waste Management Market (By Service Type: Collection, Transportation, Disposal: By Waste Type: Industrial Waste, E-waste) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022-2030.

Published Date : Jul 2022 | No. of Pages : 150+ Pages | Category : Chemical and Material

The global waste management market was valued at USD 989.29 billion in 2021 and it is predicted to surpass around USD 1,685.7 billion by 2030 with a CAGR of 6.10% from 2022 to 2030.

Waste Management Market Size 2021 to 2030

Report Highlights

  • The collection segment led the market and accounted for over 60.05% share in 2021. 
  • The disposal segment is estimated to expand at the highest CAGR of 7.1% over the forecast period. 
  • The industrial waste segment led the market and accounted for over 50.05% share in 2021. 
  • The e-waste segment is likely to expand at the fastest CAGR of 7.3% over the forecast period. 
  • Asia Pacific led the industry and accounted for over 40.0% share in 2021. 
  • The Middle East and Africa is estimated to expand at a CAGR of 6.4% over the forecast period. 

Proactive government measures to decrease illegal dumping and the rising adoption of waste-to-energy (WTE) incineration and recycling techniques are anticipated to boost the market growth.

Rapid industrialization in developing countries such as India and China generates waste and causes pollution by the end-use industries. Rising environmental awareness regarding renewable waste management among individuals and increasing CO2 emissions across the globe are expected to have a positive impact on the market growth over the forecast period.

The adoption of plastics in packaging, consumer goods, transportation, electrical/electronic, and machinery manufacturing industries is witnessing significant growth. Rising demand for consumer electronics such as mobiles, which are typically composed of 40% plastic, PCs/laptops, washing machines, and dishwashers is expected to boost the market growth.

The demand for electronic products is rising rapidly globally, resulting in the increased generation of e-waste. The electronics companies are focusing on the usage of recycled material for production to limit the environmental degradation caused by e-waste. The rising demand for recycled materials from the electronics industry is expected to foster market growth.

The governments of various countries have introduced regulations regarding the effective disposal of wastes such as the landfill directive (1999/31/EC) standards for landfills announced by the European Union. The rising adoption of these regulations is expected to enhance sustainable waste management practices including recycling and anaerobic digestion, thereby fueling the market growth.

Companies are focusing on mergers and acquisitions to increase the consumer base and expand their geographical presence. For instance, in October 2020, Waste Management acquired Advanced Disposal Services, providing waste management services to around new 3 million residential, industrial, and commercial customers in the U.S.

Scope of The Report

Report Coverage Details
Market Size in 2021 USD 989.29 billion 
Revenue Forecast by 2030 USD 1,685.7 billion
Growth rate from 2022 to 2030 CAGR of 6.10%
Base Year 2021
Forecast Period 2022 to 2030
Segmentation Service type, waste type, region
Companies Covered Waste Management; Suez; Veolia; Valicor; Waste Connections; Republic Services; Biffa; Clean Harbors; Covanta Holding; Daiseki; Hitachi Zosen; Remondis Se & Co. Kg; Urbaser; Fcc Environment; Biomedical Waste Solutions; Stericycle

 

Service Type Insights

The collection segment led the market and accounted for over 60.05% share in 2021. The waste collection includes segregation of waste, loading and unloading of waste, selecting a suitable area, setting up that area for storage of waste at a minimum distance from where the waste is generated, and maintenance of the waste. The companies involved in the waste collection have to consider regular cleaning and maintenance of these storage areas.

Proper measures are required to be taken while transporting the waste in order to avoid waste spilling and leaking. The liquid waste needs to be covered and must be leak-proof during transportation. Hazardous waste from commercial and industrial premises is required to be transported through proper transport vehicles with a certain level of protection, whereas non-hazardous waste can be transported directly to the recycling facility.

The disposal segment is estimated to expand at the highest CAGR of 7.1% over the forecast period. There are various methods of disposal, namely recycling, incineration, composting, landfills, and open dumping. The proper disposal of waste is required to avoid environmental deterioration and various infections such as HIV and hepatitis among the population caused due to improper waste disposal.

Incineration plants generate energy from waste, which is useful for the generation of heat and electricity. The incineration disposal method reduces the volume of waste by 95%-96% depending upon the degree of recovery of waste material as metals from the ash for recycling. Incineration reduces the dependency on landfills.

Waste Type Insights

The industrial waste segment led the market and accounted for over 50.05% share in 2021. Rapid urbanization and industrialization are major factors behind increasing industrial waste generation. Industrial waste management is required as mismanagement of this waste can lead to the pollution of lakes and groundwater and damage to wildlife and vegetation.

According to our world data, by 2050, around 7 billion people will live in urban areas, which is expected to increase urban waste generation in the near future. During the COVID-19 pandemic, in 2020, the government of various countries such as the U.S., India, and China imposed a lockdown to control the spread of the virus, resulting in people working from home due to which the urban waste increased in 2020.

The e-waste segment is likely to expand at the fastest CAGR of 7.3% over the forecast period. Rapid technological advancements have resulted in the emergence of new electronic products and upgraded versions of the existing products, thereby reducing their shelf life and in turn, increasing the e-waste generation.

Waste generated from hospitals, clinics, and diagnostic centers is required to be managed through proper waste management techniques to avoid the spread of infections and diseases such as pneumonia, tuberculosis, tetanus, whooping cough, and diarrhea. The biomedical waste generation increased between 2020 and 2021 owing to the growth in various diagnostic activities and treatment of COVID-19 patients.

Regional Insights

Asia Pacific led the industry and accounted for over 40.0% share in 2021. Government initiatives such as Swacch Bharat Abhiyan and the zero waste plan by several Asia Pacific countries are likely to boost awareness regarding waste management. This, in turn, is anticipated to have a positive impact on the market growth in Asia Pacific.

Factors such as increasing waste generation, strict government regulations for waste management, and illegal dumping are anticipated to drive the demand for waste management in North America. Furthermore, rapid technological advancements such as PET bottle recycling technology in waste management practices are expected to have a positive impact on the demand in North America.

The Middle East and Africa is estimated to expand at a CAGR of 6.4% over the forecast period. The growth is attributed to the increasing awareness regarding sustainable advantages and benefits of reusing and recycling waste materials. However, the lack of money, inadequate infrastructure to introduce effective collection, and recycling in the majority of countries in the African region have resulted in illegal landfill sites, thereby hampering the market growth.

Increasing population, rising urbanization, economic growth, and unsustainable consumption and production patterns are some of the factors contributing to the rise in waste generation in Central and South America. Furthermore, rising awareness regarding waste recycling in the region is expected to have a positive impact on the market growth over the forecast period.

Key Players

  • Waste Management
  • Suez
  • Valicor
  • Veolia
  • Waste Connections
  • Republic Services
  • Biffa
  • Clean Harbors
  • Covanta Holding
  • Daiseki
  • Hitachi Zosen
  • Remondis Se & Co. Kg
  • Urbaser
  • Fcc Environment
  • Biomedical Waste Solutions
  • Stericycle

Market Segmentation

  • By Service Type Outlook
    • Collection
    • Transportation
    • Disposal
      • Open Dumping
      • Incineration/Combustion
      • Landfill
      • Recycling
      • Composting
      • Others
  • By Waste Type Outlook
    • Urban Waste
      • Solid Waste
      • Liquid Waste
    • Industrial Waste
      • Solid Waste
      • Liquid Waste
    • Biomedical Waste
    • E-waste
  • By Regional Outlook
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • Italy
      • Spain
      • U.K.
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
    • Central & South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa

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