Waste Management Market by Service Type (Disposal, Sorting & Segregation, Transportation), Waste Type (Agricultural & Animal Waste, Construction & Demolition Debris, Extraction & Mining Waste), End-User - Global Forecast 2024-2030

Waste Management Market by Service Type (Disposal, Sorting & Segregation, Transportation), Waste Type (Agricultural & Animal Waste, Construction & Demolition Debris, Extraction & Mining Waste), End-User - Global Forecast 2024-2030

The Waste Management Market size was estimated at USD 1.12 trillion in 2023 and expected to reach USD 1.19 trillion in 2024, at a CAGR 6.09% to reach USD 1.70 trillion by 2030.

Waste management refers to the systematic process of handling, disposing of, and recycling waste generated by human activities. It encompasses various activities, including collection, transport, treatment, and disposal of waste, as well as monitoring and regulation of the waste management process. Effective waste management is crucial for maintaining public health, environmental sustainability, and economic growth. The global surge in urbanization has led to higher waste generation rates in cities. Urban areas produce a significant amount of waste due to high population densities and increased economic activities. This drives the demand for more sophisticated waste management solutions to maintain cleanliness and public health. Growing awareness about the environmental impacts of waste, such as pollution and greenhouse gas emissions, has motivated both governments and the public to adopt better waste management practices, subsequently, driving the market growth. The high costs associated with waste management, from collection to disposal and recycling hampers the market growth. Growing innovations in waste processing and recycling technologies that expand the capabilities of waste management are expected to create opportunities for market growth.

Regional Insights

In the Americas, the waste management market is driven by legislation focused on recycling and reducing landfill usage, coupled with a growing awareness among the population about environmental issues. The United States and Canada are frontrunners in the region, adopting innovative technologies such as Waste-to-Energy (WtE) solutions and advanced recycling methods. South America is also making strides, although at a slower pace, with its efforts being bolstered by environmental policies and investment in waste management infrastructure. The Asia-Pacific region presents a dynamic landscape for the waste management market, fueled by rapid urbanization, burgeoning populations, and strengthening waste management regulations. Countries including Japan and South Korea are implementing cutting-edge technology in waste processing and recycling. Europe stands out in the EMEA region for its robust waste management frameworks and high recycling rates, driven by stringent EU directives such as the Waste Framework Directive and the Landfill Directive. Scandinavian countries, in particular, set the benchmark with their sustainable waste management practices and high levels of waste-to-energy conversion. In the Middle East and Africa, there’s a growing emphasis on improving waste collection and recycling activities, with several projects and initiatives being rolled out, especially in the Gulf Cooperation Council (GCC) countries and major African cities.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Waste Management Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Growing industrialization and increased garbage volume worldwide
• Increased environmental awareness regarding renewable waste management systems
• Increasing e-waste with rising technological advances and the shortened life cycle of electronic products

Market Restraints

• High costs associated with waste management services

Market Opportunities

• Innovations in waste processing and recycling technologies that improve the capabilities of waste management
• Increasing adoption of waste-to-energy (WtE) incineration and recycling techniques

Market Challenges

• Limited infrastructure for collection and segregation of waste

Market Segmentation Analysis

• Service Type: Growing usage of sorting & segregation services that facilitate easier recycling
• End-User: High potential of waste management services in industrial sector that includes hazardous materials requiring specialized management

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Waste Management Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Waste Management Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Organic Recycling Systems Expands Sustainable Waste Management Solutions to the Middle East

Organic Recycling Systems Limited (ORS) has strategically partnered with BioCatalyst by signing a Memorandum of Agreement. This collaboration marks ORS's substantial initiative to bring its pioneering waste management solutions to the Middle East market. BioCatalyst, as the region's accredited distributor and service entity for Bio Organic Catalyst Inc. from California, USA, would facilitate ORS's entry into this new market.

Innovative Expansion in Waste Management: ESG's Introduction of Cutting-edge Contamination Detection Technology

Environmental Solutions Group (ESG), a subsidiary of Dover Corporation, has significantly expanded its digital Connected Collections portfolio by unveiling an advanced Recycling and Waste Facility Contamination Detection system via its 3rd Eye brand. This novel Software as a Service (SaaS) solution enhances ESG's digital strategy across the recycling, solid waste, and organics sectors. With this addition, ESG aims to offer a more comprehensive solution for automated waste and recycling management. By incorporating this pioneering technology, ESG continues to lead in providing integrated equipment, software solutions, and services for efficient refuse collection and recycling operations.

WM Ushers in a New Era of Recycling with Advanced Facility in Cleveland

WM inaugurated a groundbreaking recycling facility in Cleveland, which encompasses nearly 100,000 square feet and is equipped with cutting-edge technology. Designed to process up to 420 tons of recyclables daily, the facility sets a new standard in waste management. It incorporates innovative solutions such as glass recovery systems, optical sorters, non-wrapping screens, and ballistic separators, aiming to broaden regional recycling capabilities while enhancing the quality of materials provided to manufacturers. This strategic advancement positions WM at the forefront of recycling innovation, promising significant improvements in material recovery and sustainability.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Waste Management Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Waste Management Market, highlighting leading vendors and their innovative profiles. These include ALBA Europe Holding PLC& Co. KG, Biffa PLC, BioMedical Waste Solutions, LLC, Casella Waste Systems, Inc., Clean Harbors, Inc., Covanta Holding Corporation, Custom Polymers, Inc., Daiseki Co., Ltd., Envac AB, FCC Environment Limited, HAHN Plastics Ltd., Krubong-Karich Group, Luxus Limited, Plastic Energy, REMONDIS SE & Co. KG, Repeat Plastics Australia Pty Ltd., Republic Services, Inc., Stericycle, Inc., Suez SA, Tana Oy, Veolia Environnement SA, Waste Connections, Inc., and Waste Management, Inc..

Market Segmentation & Coverage

This research report categorizes the Waste Management Market to forecast the revenues and analyze trends in each of the following sub-markets:

Service Type

• Disposal
• Sorting & Segregation
• Transportation
• Treatment, Recycling, & Recovery
• Chemical Treatment
• Composting & Anaerobic Digestion
• Incineration & Combustion
• Mechanical Biological Treatment
• Pyrolysis & Gasification
• Waste Collection
• Waste Type
  • Agricultural & Animal Waste
  • Construction & Demolition Debris
  • Extraction & Mining Waste
  • Fossil Fuel Combustion Waste
  • Hazardous Waste
  • Industrial Non-Hazardous Waste
  • Medical Waste
  • Municipal Solid Waste & Sewage Sludge
  • Oil & Gas Production Waste
  • Radioactive Waste
  • End-User
  • Commercial
  • Industrial
  • Agriculture & Forestry
  • Construction & Demolition
  • Electronics & Technology
  • Food & Beverage
  • Healthcare & Pharmaceutical
  • Manufacturing
  • Mining & Energy Production
  • Retail & Hospitality
  • Residential
  Region
  • Americas
  • Argentina
  • Brazil
  • Canada
  • Mexico
  • United States
  • California
  • Florida
  • Illinois
  • New York
  • Ohio
  • Pennsylvania
  • Texas
  • Asia-Pacific
  • Australia
  • China
  • India
  • Indonesia
  • Japan
  • Malaysia
  • Philippines
  • Singapore
  • South Korea
  • Taiwan
  • Thailand
  • Vietnam
  • Europe, Middle East & Africa
  • Denmark
  • Egypt
  • Finland
  • France
  • Germany
  • Israel
  • Italy
  • Netherlands
  • Nigeria
  • Norway
  • Poland
  • Qatar
  • Russia
  • Saudi Arabia
  • South Africa
  • Spain
  • Sweden
  • Switzerland
  • Turkey
  • United Arab Emirates
  • United Kingdom
  
  
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