Asia-Pacific Industrial Waste Management Market, By Waste Type (Construction & Demolition Waste, Manufacturing Waste, Agricultural Waste, Chemical Waste, Mining Waste, Oil & Gas Waste, Nuclear Waste, Others); By Service (Recycling, Incineration, Landfill); By Country (China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Vietnam, Rest of APAC), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
Asia-Pacific Industrial Waste Management Market Size Set to Touch USD 268.65 Billion by 2029
Asia-Pacific industrial waste management market is gaining traction because of the rapid industrialization in major emerging economies and stringent government regulations for environmental protection.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Asia-Pacific industrial waste management market size at USD 183.06 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Asia-Pacific industrial waste management market size to grow at a CAGR of 6.6% reaching a value of USD 268.65 billion by 2029. The key growth factors for the Asia-Pacific industrial waste management market include rapid industrialization in major emerging APAC economies, such as India and China, as well as stringent government regulations aimed at reducing the environmental effect of industrial waste.
Asia-Pacific Industrial Waste Management Market – Overview
Industrial waste refers to waste products created by industries or industrial operations. Chemicals, rubbish, oils, solvents, dirt and gravel, and other materials are some of the most common examples of industrial waste. Thus, industrial waste management entails the safe removal, recycling, and disposal of such waste. Waste can be disposed of, destroyed, processed, recycled, reused, or controlled. The primary goal of waste management is to limit the amount of waste and to avoid any health and environmental issues.
Asia-Pacific Industrial Waste Management Market
Segmental Information
Asia-Pacific Industrial Waste Management Market – By Service
Based on service, the Asia-Pacific industrial waste management market is segmented into recycling, incineration, and landfill. The landfill segment accounts for the highest share of the market. Such a process minimizes disease transmission and keeps communities clean by reducing the amount of waste that ends up in the environment. However, recycling is projected to register the highest growth rate during the forecast period owing to its economical nature. Recycling also minimizes the requirement for raw material extraction (mining, quarrying, and logging), refining, and processing, all of which cause significant air and water pollution.
Impact of COVID-19 on the Asia-Pacific Industrial Waste Management Market
The Asia-Pacific industrial waste management market was disrupted in certain sectors, such as construction & manufacturing, but gained traction in others, including the medical sector. Industrial operations were temporarily halted during the pandemic to prevent the virus from spreading. This led to a significant reduction in the amount of waste generated by industries, leading to a decline in the demand for industrial waste management services. However, the need for proper waste management has increased in the medical sector owing to the significant rise in medical waste, which includes PPE kits and face masks.
Competitive Landscape
Major players operating in the Asia-Pacific industrial waste management market include Eco-Wise Waste Management Pvt Ltd, China Everbright International Limited, Shanghai Chengtou Holding Co. Ltd, Hitachi Zosen Corporation, WasteServ Malta Ltd, Daiseki Co., Ltd, SembCorp, and Vietstar Environmental (Vietstar). To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Asia-Pacific Industrial Waste Management Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Asia-Pacific Industrial Waste Management Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. Asia-Pacific Industrial Waste Management Market Insights
- 3.1. Industry Value Chain Analysis
- 3.1.1. DROC Analysis
- 3.1.2. Growth Drivers
- 3.1.2.1. Growing industrialization
- 3.1.2.2. Environmental regulations
- 3.1.3. Restraints
- 3.1.3.1. High initial costs
- 3.1.3.2. Regulatory compliance
- 3.1.4. Opportunities
- 3.1.4.1. Market expansion
- 3.1.5. Challenges
- 3.1.5.1. Waste diversity
- 3.1.5.2. Technological integration
- 3.2. Technological Advancements/Recent Developments
- 3.3. Regulatory Framework
- 3.4. Porter’s Five Forces Analysis
- 3.4.1. Bargaining Power of Suppliers
- 3.4.2. Bargaining Power of Buyers
- 3.4.3. Threat of New Entrants
- 3.4.4. Threat of Substitutes
- 3.4.5. Intensity of Rivalry
- 4. Asia-Pacific Industrial Waste Management Market Overview
- 4.1. Market Product & Forecast, 2019–2029
- 4.1.1. By Value (USD Billion)
- 4.2. Market Share & Forecast
- 4.2.1. By Waste Type
- 4.2.1.1. Construction & Demolition Waste
- 4.2.1.2. Manufacturing Waste
- 4.2.1.3. Agricultural Waste
- 4.2.1.4. Chemical Waste
- 4.2.1.5. Mining Waste
- 4.2.1.6. Oil & Gas Waste
- 4.2.1.7. Nuclear Waste
- 4.2.1.8. Others
- 4.2.2. By Service
- 4.2.2.1. Recycling
- 4.2.2.2. Incineration
- 4.2.2.3. Landfill
- 4.2.3. By Country
- 4.2.3.1. China
- 4.2.3.2. India
- 4.2.3.3. Japan
- 4.2.3.4. South Korea
- 4.2.3.5. Australia & New Zealand
- 4.2.3.6. Indonesia
- 4.2.3.7. Malaysia
- 4.2.3.8. Singapore
- 4.2.3.9. Vietnam
- 4.2.3.10. Rest of APAC
- 5. Competitive Landscape
- 5.1. List of Key Players and Their Offerings
- 5.2. Asia-Pacific Industrial Waste Management Company Market Share Analysis, 2022
- 5.3. Competitive Benchmarking, By Operating Parameters
- 5.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- 6. Impact of Covid-19 on Asia-Pacific Industrial Waste Management Market
- 7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 7.1. Eco-Wise Waste Management Pvt Ltd
- 7.2. China Everbright International Limited
- 7.3. Shanghai Chengtou Holding Co. Ltd
- 7.4. Hitachi Zosen Corporation
- 7.5. WasteServ Malta Ltd
- 7.6. Daiseki Co., Ltd
- 7.7. SembCorp
- 7.8. Vietstar Environmental (Vietstar)
- 7.9. Other Prominent Players
- 8. Key Strategic Recommendations
- 9. Research Methodology
- 9.1. Qualitative Research
- 9.1.1. Primary & Secondary Research
- 9.2. Quantitative Research
- 9.3. Market Breakdown & Data Triangulation
- 9.3.1. Secondary Research
- 9.3.2. Primary Research
- 9.4. Breakdown of Primary Research Respondents, By Country
- 9.5. Assumptions & Limitations
- *Financial information of non-listed companies can be provided as per availability.
- **The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
- List of Figures
- Figure 1 Asia-Pacific Industrial Waste Management Segmentation
- Figure 2 Asia-Pacific Industrial Waste Management Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 Asia-Pacific Industrial Waste Management Market Size, By Value (USD Billion), 2019–2029
- Figure 5 Asia-Pacific Industrial Waste Management Market Share, By Waste Type, By Value, 2019–2029
- Figure 6 Asia-Pacific Industrial Waste Management Market Share, By Service, By Value, 2019–2029
- Figure 7 Asia-Pacific Industrial Waste Management Market Share, By Country, By Value, 2019–2029
- List of Tables
- Table 1 Asia-Pacific Industrial Waste Management Market Size, By Value (USD Billion), 2019–2029
- Table 2 Asia-Pacific Industrial Waste Management Market Size, By Waste Type, By Value, 2019–2029
- Table 3 Asia-Pacific Industrial Waste Management Market Size, By Service, By Value, 2019–2029
- Table 4 Asia-Pacific Industrial Waste Management Market Size, By Country, By Value, 2019–2029
- Table 5 Eco-Wise Waste Management Pvt Ltd Company Overview
- Table 6 Eco-Wise Waste Management Pvt Ltd Financial Overview
- Table 7 China Everbright International Limited Company Overview
- Table 8 China Everbright International Limited Financial Overview
- Table 9 Shanghai Chengtou Holding Co. Ltd Company Overview
- Table 10 Shanghai Chengtou Holding Co. Ltd Financial Overview
- Table 11 Hitachi Zosen Corporation Company Overview
- Table 12 Hitachi Zosen Corporation Financial Overview
- Table 13 WasteServ Malta Ltd Company Overview
- Table 14 WasteServ Malta Ltd Financial Overview
- Table 15 Daiseki Co., Ltd Company Overview
- Table 16 Daiseki Co., Ltd Financial Overview
- Table 17 SembCorp Company Overview
- Table 18 SembCorp Financial Overview
- Table 19 Vietstar Environmental (Vietstar) Company Overview
- Table 20 Vietstar Environmental (Vietstar) Financial Overview
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