Waste Management Market By Type (Municipal Waste, Industrial Waste, Hazardous Waste), By Service (Collection, Disposable): Global Opportunity Analysis and Industry Forecast, 2023-2032
The global waste management market was valued at $1,860,212.6 million in 2020, and is projected to reach $3,498,176.5 million by 2032, registering a CAGR of 5.5% from 2023 to 2032. Waste management is the collection, transportation & disposable of garbage, sewage, and other waste products. It involves treating solid waste and disposing unwanted products and substances in a safe and efficient manner.
Waste management includes all types of waste including solid, liquid, or gas. Waste management deals with municipal, industrial, and hazardous waste. Municipal waste generally refers to residential waste and non-hazardous waste generated in towns and cities. Industrial waste refers to waste generated in industries while production and manufacturing processes. Hazardous waste refers to waste generated in pharmaceuticals, medicals, chemicals, and paint manufacturing industries. Further, major activities performed on waste are its collection and disposal. Collection services refer to collection & transportation, storage & handling, and sorting of waste. Whereas, disposable services refer to segregation of waste into landfills, recycling, compositing and anaerobic digestion.
The waste management industry is majorly driven by growth in population around the globe. This has eventually led to increase in volume of waste from municipal as well as industrial sector. In addition, rise in environmental awareness has led to increase in planned collection and disposal of waste. Further, owing to harm done on human health as well as increase in pollution of illegal waste dumping has compelled governments to bring strict laws on illegal dumping of waste on land as well as in oceans.
However, lack of awareness is a major restraint for the waste management market along with its labor intensive and high cost of processing. On the contrary, owing to several opportunities in developing countries, the waste management market is expected to grow during the forecast period.The global waste management market is segmented based on type, service, and region. Based on type, the market is divided into municipal waste, industrial waste, and hazardous waste. Based on services, it is classified into collection services and disposable services. The collection services segment is sub segmented into collection & transportation, storage & handling, and sorting. The disposable services segment is further segregated into landfills, recycling, compositing & anaerobic digestion, and others.
Region wise, the waste management market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). In 2020, Asia-Pacific was the highest contributor to the waste management market share and is anticipated to secure a leading position during the forecast period, owing to rise in waste processing and treatment projects and environmental awareness in developing nations.
Competition analysisThe major players profiled in the waste management market include Biffa Plc, Clean Harbors, Inc., Covanta Holding Corporation, Daiseki Co., Ltd., Hitachi Zosen Corporation, Remondis Se & Co. Kg, Republic Services, Inc., Suez, Veolia Environnement, Waste Management Inc.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the waste management market analysis from 2020 to 2032 to identify the prevailing waste management market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the waste management market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global waste management market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy TypeMunicipal Waste
Industrial Waste
Hazardous Waste
By ServiceCollection
Type
Collection and transportation
Storage and handling
Sorting
Disposable
Type
Landfills
Recycling
Composting and anaerobic digestion
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market PlayersRepublic Services, Inc.
Remondis Se & Co. Kg
Hitachi Zosen Corporation
Daiseki Co. Ltd
Waste Management Inc.
Covanta Holding Corporation
Clean Harbors, Inc.
Veolia Environnement
SUEZ
Biffa Plc
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