China Waste Management Market Outlook
The China Waste Management Market size was USD 70.76 Billion in 2022 and is likely to reach USD 112.15 Billion by 2031, expanding at a CAGR of 5.25% during 2023–2031. Garbage management encompasses all sorts of waste, including solid, liquid, and gas waste. Waste management involves the collection, transportation, and disposal of garbage, sewage, and other waste products.
It entails processing solid waste and disposing of undesired items and substances in a safe and effective manner. Waste management is linked with municipal, industrial, and hazardous waste. Municipal waste, in general, refers to residential and non-hazardous trash created in towns and cities. Hazardous waste is the trash generated in the pharmaceutical, chemicals, and paint-producing industries. Industrial waste is waste generated in industries throughout the industrial and assembly processes.
China Waste Management Market Trends, Drivers, Restraints, and Opportunities
- Strict rules imposed by governments around to improve trash management and commence environmental protection is driving the market growth.
- Technological advancements and shorter life cycles of electronic products contribute to an increase in e-waste, which promotes the market growth.
- Rapid urbanization, changing urban mobility, and an increased desire to minimize carbon emissions are anticipated to fuel the market growth.
- High cost of acquiring and managing waste management technologies is projected to hinder the market growth.
- Increasing investments associated with the waste management process can positively stimulate the growth of the market.
- Increased environmental awareness about renewable waste management systems among people, as well as an increase in CO2 emissions globally, are likely to drive the growth market.
- Rising number of construction projects, buildings, and roads and use of construction and demolition (C&D) materials in metropolitan areas provides attractive opportunities for the waste management market.
Scope of China Waste Management Market Report
The report on China waste management market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
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Attributes
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Details
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Report Title
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Waste Management Market - China Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016 & 2021
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Forecast Period
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2023–2031
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Segmentation
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Waste Types (Bio-medical Waste, E-waste, Hazardous Waste, Industrial Waste, Municipal Solid Waste, and Plastic Waste), Types of Ownerships (Public-private Partnerships, Private, and Public), Disposal Methods (Dismantling, Incineration, Landfill, and Recycling)
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Country Scope
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China
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Report Coverage
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Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast
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Key Players Covered in the Report
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Amera Seiki Corp.; Datron AG; Dalian Machine Tool Group Corp.; Okuma Corp.; Hurco Companies, Inc.; Amada Co., Ltd.; Fanuc Corp.; DMG Mori; Haas Automation, Inc.; Yamazaki Mazak Corp.; and Shenyang Machine Tool Co., Ltd
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China Waste Management Market Segment Insights
E-waste segment is projected to hold significant market share
Based on waste types, the market can be segmented into bio-medical waste, e-waste, hazardous waste, industrial waste, municipal solid waste, and plastic waste. The e-waste segment is projected to hold a significant market share. Electrically powered component garbage consists of e-waste. China is one of the prominent manufacturer and user of electronic items, resulting in massive amounts of e-waste creation.
E-waste is a mix of valuable and harmful items that necessitates cautious management and recycling. The processes involved in the treatment and recycling of e-waste had serious negative environmental and human health consequences in China. To address these difficulties, China's e-waste management segment requires widespread attention. In recent years, the central and municipal governments of China have made concrete attempts to improve trash management.
Public-private partnerships segment is anticipated to account for a substantial share
On the basis of types of ownerships, the market can be segregated into public-private partnerships, private, and public. The public-private partnerships segment is anticipated to account for a substantial share in the projected timeline.
Plastic, metal, and electronics are the most recycled materials in China, and most organizations, both public and private, are constantly developing in terms of the latest technology to meet the requirements of the expanding trash generated by various industries. The supply of total scrap metal in China has increased and is estimated to continue to expand in the future.
Landfill segment to register a robust growth rate during the forecast period
In terms of disposal methods, the China waste management can be fragmented into dismantling, incineration, landfill, and recycling. The landfill segment is estimated to register a robust growth rate during the forecast period. Increasing requirement to dispose waste that cannot be recycled is driving the rise of the landfill industry.
Landfills have several advantages, including providing good energy sources, environmentally beneficial choice; keeping cities, towns, and districts clean and help keep hazardous trash segregated, and affordability.
Segments
By Waste types
- Bio-medical Waste
- E-waste
- Hazardous Waste
- Industrial Waste
- Municipal Solid Waste
- Plastic Waste
By Types of ownerships
- Public-private Partnerships
- Private
- Public
By Disposal methods
- Dismantling
- Incineration
- Landfill
- Recycling
By Country
By Key Players
Competitive Landscape
Key players in the China Waste Management market are China Sembcorp Industries Ltd; Everbright International Limited; Capital Environmental Holdings Ltd. (CEHL); Veolia Environnement S.A.; and HydroThane. These players have actively engaged in several market development strategies including collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to strengthen their geographical presence and expand their customer base globally.
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