Waste Management Market Size, Industry Trends Report | 2031
Waste Management Market Size, Industry Trends Report | 2031
Segments - Waste Management Market by Types (Hazardous Waste, E-waste, Plastic Waste, Bio-medical Waste, Industrial Waste, and Municipal Solid Waste), Disposal Methods (Incineration, Recycling, and Landfills), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
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| Report ID :EP-4314
| 4.7 Rating
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| 195 Pages
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Report Description
The global waste management market size is projected to register a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the concerns about waste management across the globe.
Waste management refers to the procedures and actions that are essential to manage trash from its conception to its final disposal. Organic and non-organic wastes may both be treated with waste management systems. Furthermore, these systems can properly dispose of liquid and plastic metal wastes, solid trash, e-waste, as well as radioactive waste, released from a variety of sources. Waste management systems allow the specific treatment that targets particular type of waste particles or stream from various sectors. For instance, thermal techniques are used to remediate pharmaceutical waste. Garbage management focuses on either removing waste or repurposing it in the most effective way possible. Furthermore, electronic items are efficiently recycled for reuse using waste management systems. Increasing consumer purchasing power is a key factor that push the demand for newer things from consumers, which has resulted in the rising need for effective waste management system to ensure maximum use of resources.
The COVID-19 pandemic had affected the waste management market due to the shutdown of factories and offices during the emergency lockdown. As a result, the volume of garbage from residential areas were far higher than the industrial and commercial sectors. With the gradual recovery of the global economy, resuming manufacturing activities, as well as the launch of vaccination campaigns across nations, the demand for re-starting of waste recycling and waste management businesses is likely to increase rapidly.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing issues associated with non-discarded wastes from various industries are expected to fuel the market during the forecast period.
- Rising population has resulted in increasing number of households and these households subsequently produce a lot of garbage in the residential areas. This is a key factor that drives the market.
- Increasing number of hazardous wastes released by industries from various sectors such as pharmaceutical, healthcare, as well as manufacturing, is likely to boost the market.
- Rising recycling costs, landfill fees, and rising fuel prices are major hurdles that can hamper the market growth during the forecast period.
- For building and construction activities; waste management system is widely implemented to reduce and allow reuse of materials such as metal, concrete, soil, wood, glass, cardboard, and plastic. This presents a key factor creating lucrative opportunities for the market growth.
Scope of the Report
The report on the global waste management market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Solid Waste Management is a critical component of the broader waste management system, focusing specifically on the collection, treatment, and disposal of solid materials. This involves a range of activities from waste collection at the source to the final disposal or recycling of waste materials. The importance of solid waste management cannot be overstated, as it directly impacts environmental health, public safety, and the efficient use of resources. Effective management strategies not only help in reducing the environmental footprint but also contribute to the conservation of resources by promoting recycling and reuse. As urban populations continue to grow, the demand for efficient solid waste management systems becomes increasingly urgent, necessitating innovative solutions and robust infrastructure.
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Attributes |
Details |
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Report Title |
Waste Management Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Types (Hazardous Waste, E-waste, Plastic Waste, Bio-medical Waste, Industrial Waste, and Municipal Solid Waste) and Disposal Methods (Incineration, Recycling, and Landfills) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Desco Electronic Recyclers; Mine Restoration Investments Ltd.; Republic Services Inc.; Casella Waste Systems Inc.; Waste Connections Inc.; Suez SA; Veolia Environnement SA; Electronic recyclers international Inc.; Sims Recycling Solutions Inc.; E-waste Harvesters Inc.; and E-waste Systems Inc. |
Market Segment Insights
Industrial waste segment to expand at a considerable CAGR
On the basis of type, the waste management market is segmented into hazardous waste, e-waste, plastic waste, bio-medical waste, industrial waste, and municipal solid waste. The industrial waste segment is projected to expand at a considerable CAGR during the forecast period due to the rise in the quantity of garbage and waste substances produced by various industries. On the other hand, the e-waste segment is anticipated to account for a major market share during the forecast period as these waste contain environmental hazards such as arsenic, lead, selenium, chromium, cadmium, cobalt, and mercury.
Recycling segment to hold significant share of the market
In terms of disposal methods, the market is divided into incineration, recycling, and landfills. The recycling segment is expected to hold significant share of the market ascribed to rising demand for converting garbage into useable materials. However, the incineration segment accounts for a large market share in the coming years owing to lowering the toxicity and amount of hazardous chemical and biological waste.
North America is anticipated to constitute a key market share
In terms of regions, the waste management market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period owing to improved retreatment of waste infrastructure in the region. Moreover, increasing number of government initiatives and legislation requiring waste treatment in numerous industries present another key factor for the regional market expansion. However, the market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period due to rising public awareness and government goals for more effective garbage disposal.
Segments
The global waste management market has been segmented on the basis ofType
- Hazardous Waste
- E-waste
- Plastic Waste
- Bio-medical Waste
- Industrial Waste
- Municipal Solid Waste
- Incineration
- Recycling
- Landfills
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
- Desco Electronic Recyclers
- Mine Restoration Investments Ltd.
- Republic Services Inc.
- Casella Waste Systems Inc.
- Waste Connections Inc.
- Suez SA
- Veolia Environnement SA
- Electronic recyclers international Inc.
- Sims Recycling Solutions Inc.
- E-waste Harvesters Inc.
- E-waste Systems Inc.
Competitive Landscape
Key players competing in the global waste management market are Desco Electronic Recyclers; Mine Restoration Investments Ltd.; Republic Services Inc.; Casella Waste Systems Inc.; Waste Connections Inc.; Suez SA; Veolia Environnement SA; Electronic recyclers international Inc.; Sims Recycling Solutions Inc.; E-waste Harvesters Inc.; and E-waste Systems Inc.
Several of these players had been recognized and awarded for their effective efforts in waste management services across the globe. Veolia Environnement SA was awarded a USD 505 million contract to manage a wood chip power plant in Ireland in June 2015 while Sims Solutions' US operations were awarded the R2:2013 certification in March 2015. In May 2015, Casella Waste Systems Inc. formed a recycling relationship with Hypertherm Inc., a Hanover-based industrial cutting equipment manufacturer. The former company could access to involve in management of activities such as gather, store, bundle, and recycle goods in one of Hypertherm's underutilized warehouses on Etna Road in Lebanon. Cassella Solutions has also employed a crew at Hypertherm to collect pre-sorted materials from containers located around the company's 11 facilities.
Frequently Asked Questions
Key players include Desco Electronic Recyclers, Mine Restoration Investments Ltd., Republic Services Inc., Casella Waste Systems Inc., Waste Connections Inc., Suez SA, Veolia Environnement SA, Electronic Recyclers International Inc., Sims Recycling Solutions Inc., E-waste Harvesters Inc., and E-waste Systems Inc.
Recycling is expected to hold a significant share due to the growing demand for converting waste into usable materials and the need for sustainable waste management solutions.
The industrial waste segment is projected to expand at a considerable CAGR due to the increase in waste produced by various industries.
Major challenges include rising recycling costs, landfill fees, and increasing fuel prices, which can hamper market growth.
Key drivers include increasing issues with non-discarded industrial waste, rising population and household waste, and growing hazardous waste from sectors like pharmaceuticals and healthcare.
North America is anticipated to hold a key share of the market due to advanced waste infrastructure and strong government initiatives, while Asia Pacific is projected to grow rapidly due to rising public awareness and government goals.
The COVID-19 pandemic led to increased residential waste due to lockdowns and reduced industrial and commercial waste. As economies recover, the demand for waste recycling and management services is expected to rise rapidly.
The report analyzes three primary disposal methods: incineration, recycling, and landfills.
The main types of waste covered include hazardous waste, e-waste, plastic waste, bio-medical waste, industrial waste, and municipal solid waste.
The global waste management market is expected to register a substantial CAGR during the forecast period of 2021 to 2028, driven by increasing concerns about effective waste management worldwide.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Waste Management Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Waste Management Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Waste Management Market - Supply Chain
4.5. Global Waste Management Market Forecast
4.5.1. Waste Management Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Waste Management Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Waste Management Market Absolute $ Opportunity
5. Global Waste Management Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Waste Management Market Size and Volume Forecast by Types
5.3.1. Hazardous Waste
5.3.2. E-waste
5.3.3. Plastic Waste
5.3.4. Bio-medical Waste
5.3.5. Industrial Waste
5.3.6. Municipal Solid Waste
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Waste Management Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Waste Management Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Waste Management Demand Share Forecast, 2019-2026
7. North America Waste Management Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Waste Management Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Waste Management Market Size and Volume Forecast by Types
7.4.1. Hazardous Waste
7.4.2. E-waste
7.4.3. Plastic Waste
7.4.4. Bio-medical Waste
7.4.5. Industrial Waste
7.4.6. Municipal Solid Waste
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Waste Management Demand Share Forecast, 2019-2026
8. Latin America Waste Management Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Waste Management Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Waste Management Market Size and Volume Forecast by Types
8.4.1. Hazardous Waste
8.4.2. E-waste
8.4.3. Plastic Waste
8.4.4. Bio-medical Waste
8.4.5. Industrial Waste
8.4.6. Municipal Solid Waste
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Waste Management Demand Share Forecast, 2019-2026
9. Europe Waste Management Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Waste Management Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Waste Management Market Size and Volume Forecast by Types
9.4.1. Hazardous Waste
9.4.2. E-waste
9.4.3. Plastic Waste
9.4.4. Bio-medical Waste
9.4.5. Industrial Waste
9.4.6. Municipal Solid Waste
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Waste Management Demand Share Forecast, 2019-2026
10. Asia Pacific Waste Management Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Waste Management Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Waste Management Market Size and Volume Forecast by Types
10.4.1. Hazardous Waste
10.4.2. E-waste
10.4.3. Plastic Waste
10.4.4. Bio-medical Waste
10.4.5. Industrial Waste
10.4.6. Municipal Solid Waste
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Waste Management Demand Share Forecast, 2019-2026
11. Middle East & Africa Waste Management Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Waste Management Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Waste Management Market Size and Volume Forecast by Types
11.4.1. Hazardous Waste
11.4.2. E-waste
11.4.3. Plastic Waste
11.4.4. Bio-medical Waste
11.4.5. Industrial Waste
11.4.6. Municipal Solid Waste
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Waste Management Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Waste Management Market: Market Share Analysis
12.2. Waste Management Distributors and Customers
12.3. Waste Management Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Desco Electronic Recyclers
12.4.2. Mine Restoration Investments Ltd.
12.4.3. Republic Services Inc.
12.4.4. Casella Waste Systems Inc.
12.4.5. Waste Connections Inc.
12.4.6. Suez SA
12.4.7. Veolia Environnement SA
12.4.8. Electronic recyclers international Inc.
12.4.9. Sims Recycling Solutions Inc.
12.4.10. E-waste Harvesters Inc.
12.4.11. E-waste Systems Inc.
Methodology
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