Wet Waste Management Market by Sources (Commercial, Healthcare & Medical, Municipal, and Industrial), Types (Agricultural Waste, Medical Waste, Food Scrap, and Meat & Bones), Service & Equipment (Collection & Transportation [Garbage Trucks], Processing [Preceptor, Crusher, Scrubber, Combustor, Digester, Separator, Sludging Machine, and Gas Storage Equipment], Disposal & landfill, and Sorting [Compactors, Balers, and Shredders]), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
Wet Waste Management Market 2031
The global wet waste management market size was valued at USD 139.79 Billion in 2022 and is projected to reach USD 200.69 Billion by 2031, expanding at a CAGR of 4.1% during the forecast period, 2023-2031. The growth of the market is attributed to strict waste management restrictions enacted by various regional and state bodies.
Wet waste management refers to the procedures or methods used to treat waste produced or unwanted by-product released by industries. Emerging economies are not only developing healthcare, chemical, food, oil and gas, medicinal, and automobile sectors, but these developments are also becoming a major source of toxic wet waste creation.
Increased work prospects in cities are causing the populace to migrate from rural and isolated places to industrialized and urban areas. However, in comparison to the volume of garbage created globally, there are very few treatment plants for wet waste processing.
The outbreak of the COVID-19 pandemic had a huge impact on people all around the world. The government, public bodies, and municipalities have taken many initiatives to enhance lockdown in response to the crisis. Waste management is widely considered be a major step to properly prevent the chance of illnesses and infections spreading in communities. Thus, during this crisis, numerous deaths have occurred worldwide as a result of poor waste management.
Wet Waste Management Market Trends, Drivers, Restraints, and Opportunities
- Government agencies’ attempts to raise trash management awareness through different programs, commercials, and social networking sites are key drivers of the wet waste management market growth.
- Developing innovative technology for easy waste-to-energy solutions is anticipated to push the industrial demand for services. This presents another key factor fueling the market.
- Lack of engagement from industry players such as commercial, healthcare, and food acts as a major restraining factor that can hamper the wet waste management market growth.
- The paucity of waste sites and lack of development for dumping waste materials is a key hurdle. This factor can hinder the wet waste management market expansion during the given timeline.
- Waste volume is expected to skyrocket due to the expansion of new industries. Therefore, a large number of treatment facilities is required to match the waste volume that creates lucrative opportunities for the wet waste management market growth.
Scope of Wet Waste Management Market Report
The report on the global wet waste management market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Wet Waste Management Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023–2031 |
Segmentation |
Sources (Commercial, Healthcare & Medical, Municipal, and Industrial), Types (Agricultural Waste, Medical Waste, Food Scrap, and Meat & Bones), Service & Equipment (Collection & Transportation [Garbage Trucks], Processing [Preceptor, Crusher, Scrubber, Combustor, Digester, Separator, Sludging Machine, and Gas Storage Equipment], Disposal & landfill, and Sorting [Compactors, Balers, and Shredders]) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Covanta; Republic Services, Inc.; Advanced Disposal; Veolia Environment S.A.; Stericycle; Suez Environment; Progressive Waste Solution Ltd.; Republic Services Inc.; Clean Harbors Inc.; REMONDIS SE & Co. KG; and Waste Management Inc. |
Wet Waste Management Market Segment Insights
Source Segment Analysis
Based on sources, the global wet waste management market is segmented into commercial, healthcare & medical, municipal, and industrial. The municipal segment is projected to expand at a considerable CAGR during the forecast period as it is connected to a town or a city with its own administration.
On the other hand, the industrial segment is anticipated to account for a major market share during the forecast period. Industrial waste may contaminate groundwater, rivers, lakes, streams, and coastal waterways, which can harm the land and neighboring water bodies.
Types Segment Analysis
In terms of types, the global wet waste management market is segregated into agricultural waste, medical waste, food scrap, and meat & bones. The medical waste segment is expected to hold a significant share of the market as the improper disposal of abandoned needles and other sharps can endanger the public and trash employees' health.
However, the food scrap segment is anticipated to account for a large market share since the use of management can be useful for food trash collection and utilization. Food trash reduction offers several advantages including energy and resource saving.
Service & Equipment Segment Analysis
Based on service & equipment, the wet waste management market is divided into collection & transportation, processing, disposal & landfill, and sorting. The collection & transportation segment involves of equipment such as garbage trucks. The processing segment is further categorized as preceptor, crusher, scrubber, combustor, digester, separator, sludging machine, and gas storage equipment.
Additionally, the sorting segment is further fragmented into compactors, balers, and shredders. The processing segment is expected to grow at a high rate during the projected period owing to incineration, recycling, and the remediation of dumpsites and landfills options.
Regional Analysis
In terms of regions, the global wet waste management market share is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to constitute a key share of the market during the projected period owing to the advancement of waste management technologies accompanied by an increase in restrictions in the region.
However, the market of Europe is anticipated to expand at a rapid pace during the forecast period. Strict European Commission restrictions along with substantial waste output from the medical and industrial sectors are likely to boost the regional market.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wet 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. Wet 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. Wet Waste Management Market - Supply Chain
4.5. Global Wet Waste Management Market Forecast
4.5.1. Wet Waste Management Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Wet Waste Management Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Wet Waste Management Market Absolute $ Opportunity
5. Global Wet 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. Wet Waste Management Market Size and Volume Forecast by Types
5.3.1. Agricultural Waste
5.3.2. Medical Waste
5.3.3. Food Scrap
5.3.4. Meat & Bones
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Wet 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. Wet 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 Wet Waste Management Demand Share Forecast, 2019-2026
7. North America Wet 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 Wet 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 Wet Waste Management Market Size and Volume Forecast by Types
7.4.1. Agricultural Waste
7.4.2. Medical Waste
7.4.3. Food Scrap
7.4.4. Meat & Bones
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 Wet Waste Management Demand Share Forecast, 2019-2026
8. Latin America Wet 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 Wet 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 Wet Waste Management Market Size and Volume Forecast by Types
8.4.1. Agricultural Waste
8.4.2. Medical Waste
8.4.3. Food Scrap
8.4.4. Meat & Bones
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 Wet Waste Management Demand Share Forecast, 2019-2026
9. Europe Wet 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 Wet 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 Wet Waste Management Market Size and Volume Forecast by Types
9.4.1. Agricultural Waste
9.4.2. Medical Waste
9.4.3. Food Scrap
9.4.4. Meat & Bones
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 Wet Waste Management Demand Share Forecast, 2019-2026
10. Asia Pacific Wet 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 Wet 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 Wet Waste Management Market Size and Volume Forecast by Types
10.4.1. Agricultural Waste
10.4.2. Medical Waste
10.4.3. Food Scrap
10.4.4. Meat & Bones
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 Wet Waste Management Demand Share Forecast, 2019-2026
11. Middle East & Africa Wet 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 Wet 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 Wet Waste Management Market Size and Volume Forecast by Types
11.4.1. Agricultural Waste
11.4.2. Medical Waste
11.4.3. Food Scrap
11.4.4. Meat & Bones
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 Wet Waste Management Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Wet Waste Management Market: Market Share Analysis
12.2. Wet Waste Management Distributors and Customers
12.3. Wet Waste Management Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Covanta
12.4.2. Republic Services, Inc.
12.4.3. Advanced Disposal
12.4.4. Veolia Environment S.A.
12.4.5. Stericycle
12.4.6. Suez Environment
12.4.7. Progressive Waste Solution Ltd.
12.4.8. Republic Services Inc.
12.4.9. Clean Harbors Inc.
12.4.10. REMONDIS SE & Co. KG
12.4.11. Waste Management Inc.