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The waste management market size is forecast to increase by USD 223.8 billion at a CAGR of 8.8% between 2023 and 2028. The market is experiencing significant growth due to various driving factors. Legislation in Europe, such as the Landfill Directive and the Waste Framework Directive, is pushing for increased recycling and reduction of waste, thereby fueling the growth of liquid waste management. Additionally, the rising demand for renewable cleaning solutions and the shift towards sustainable practices are creating new opportunities in the market. Furthermore, the disposal of biomedical waste necessitates huge capital investments in medical waste management, driving market expansion. These trends are expected to continue shaping the waste management industry in the coming years.
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The market is witnessing significant growth due to the increasing focus on environmental sustainability and public health. With the urban population expanding rapidly, the production of municipal solid waste, sewage, liquid waste, gas waste, industrial waste, and hazardous waste is on the rise, driving the importance of hazardous waste management. This trend is driven by rapid industrialization and the resulting increase in CO2 emissions. International organizations and governments are implementing policies to promote a circular economy, where waste is repurposed, reused, and recycled into valuable resources. Extended producer responsibility (EPR) schemes are being adopted to make manufacturers responsible for the disposal of their products at the end of their life cycle.
Furthermore, processing, recycling, and composting are key areas of focus in the waste management industry. Recycled materials, such as plastic and rubber, are being used to produce new products, reducing the need for virgin resources and minimizing waste. Repurposing and reusing waste are also becoming popular strategies to minimize waste production. The coronavirus pandemic has highlighted the importance of waste management in maintaining public health. Proper disposal of medical waste and ensuring the safe collection and transportation of household waste are crucial to prevent the spread of diseases.
Moreover, they offer services for the collection, transportation, processing, and disposal of various types of waste, including municipal solid waste, industrial waste, and hazardous waste. In conclusion, the market is evolving to meet the challenges of environmental sustainability, public health, and resource conservation. The focus on a circular economy, industrial waste recycling and services, and repurposing waste is driving innovation and growth in the industry.
The waste management market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The residential segment is estimated to witness significant growth during the forecast period. The municipal solid waste (MSW) generated from the residential sector is a substantial portion of The market. This waste encompasses various materials and products, including food waste, packaging, paper, plastics, glass, textiles, and non-hazardous household items. The escalating challenge in managing residential waste stems from its increasing volume due to the expansion of urban populations and consumerism. International organizations advocate for environmental sustainability and public health by promoting circular economy principles, such as repurposing, reusing, and recycling. Technologies like smart waste bins with waste level sensors, AI recycling robots, and renewable energy are employed to enhance waste management efficiency.
However, the lack of infrastructure in many regions poses a significant hurdle. E-waste, an integral component of MSW, necessitates specialized handling due to its hazardous nature. Linear economy practices, such as landfilling, open dumping, incineration/combustion, composting, anaerobic digestion, and debris management, are employed for waste processing. CO2 emissions from waste management processes call for continuous innovation and the adoption of sustainable practices. Rapid industrialization and the growing urban population necessitate a comprehensive, integrated approach to waste management.
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The residential segment was valued at USD 130.20 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 33% to the growth of the global waste management market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market encompasses the collection, transportation, processing, and disposal of various types of waste, including garbage, solid waste, liquid waste, and gas waste. Municipal waste, generated from residential and commercial sectors, and industrial waste, produced from manufacturing processes, are the primary focus of this market. Hazardous waste, which poses a significant risk to human health and the environment, requires specialized handling and disposal methods. Composting offers a sustainable solution for managing organic waste, reducing the need for landfills. The coronavirus pandemic has led to an increase in waste production due to the increase in packaging and single-use items. Recycling materials, such as plastic, glass, and metal, is another essential aspect of waste management. Furthermore, waste-to-energy solutions, including incineration and gasification, convert waste into usable energy, reducing the reliance on fossil fuels and minimizing waste disposal.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Laws in Europe for recycling waste is the key driver of waste management market growth. The European market is driven by a strong commitment to environmental sustainability and public health. The European Union (EU) has implemented stringent regulations to safeguard the continent's air, water, and land, resulting in some of the world's highest environmental standards for its citizens. To meet these standards, the EU mandates that its members recycle a minimum of 55% of their municipal waste by 2025, 6% by 2030, and 65% by 2035. The EU also employs specific policies for various types of waste, such as batteries, construction and demolition waste, end-of-life vehicles, and packaging waste. Key waste management practices in Europe include recycling, repurposing, and reusing.
Moreover, advanced technologies like smart waste bins with waste level sensors, AI recycling robots, and renewable energy solutions are being adopted to optimize waste processing and reduce CO2 emissions. However, the lack of infrastructure for waste management in some areas, particularly in urban populations, remains a challenge. E-waste, debris management, sewage, and municipal solid waste are major concerns. In the linear economy, waste is often disposed of through landfilling, open dumping, incineration/combustion, and composting.
However, the shift towards a circular economy prioritizes the importance of reducing waste generation and maximizing resource utilization through recycling and repurposing. Key materials for recycling include plastics, rubber, and various metals. The EU's regulations on extended producer responsibility and the growing focus on reducing waste and promoting sustainability are driving the market towards a more circular economy.
Increasing demand for renewable cleaning is the upcoming trend in the waste management market. Waste management is a critical aspect of ensuring both public health and environmental sustainability, particularly in the context of rapid industrialization and urban population growth. The processing, recycling, and repurposing of municipal solid waste, e-waste, sewage, and debris are essential components of a circular economy, which aims to minimize the reliance on a linear economy of production and disposal. International organizations, such as the United Nations and the European Union, advocate for extended producer responsibility and smart waste management solutions, including waste level sensors, AI recycling robots, and renewable energy solutions.
Despite these advancements, challenges persist, including the lack of infrastructure for waste management in certain regions, the need for resource and strategy in managing CO2 emissions, and the ongoing issues of open dumping, landfilling, incineration/combustion, and composting. Furthermore, such as activated water cleaning, high-flow fluid extraction, and steam vapor technology. These efforts are crucial in reducing the environmental impact of waste management while ensuring the health and safety of communities.
Huge capital investment to discard biomedical waste is a key challenge affecting waste management market growth. Biomedical waste, derived from the healthcare industry, poses a significant challenge due to its hazardous and toxic nature, encompassing infectious, toxic, and radioactive materials, as well as sharp objects such as hypodermic needles, knives, and scalpels. With approximately 16 billion injections administered globally each year, the proper disposal of associated waste remains a critical issue. Effective management of biomedical waste necessitates advanced waste treatment units and facilities, a specialized workforce, and substantial capital investment. Incineration is a common waste management method for biomedical waste, offering complete waste elimination and safe microorganism removal. However, its implementation comes with challenges, including high capital investment for the setup, odor generation, and potential microwave energy leakage.
Furthermore, environmental sustainability and public health are paramount in waste management. International organizations advocate for circular economy principles, such as repurposing, reusing, and recycling, to minimize waste generation and promote resource efficiency. Technologies like smart waste bins with waste level sensors, AI recycling robots, and renewable energy solutions are instrumental in achieving these goals. However, the lack of infrastructure in urban areas, particularly in developing countries, poses a significant challenge. E-waste, a growing concern, requires specialized handling due to its complex composition. Linear economy practices, such as landfilling, open dumping, and incineration/combustion, contribute to CO2 emissions and environmental degradation. Alternative methods, such as composting, anaerobic digestion, and garbage/debris management, offer more sustainable solutions. Municipal solid waste, including plastic and rubber, affects urban populations, necessitating effective waste management strategies. By prioritizing environmental sustainability, public health, and resource efficiency, these organizations contribute to a more circular economy and reduce the environmental impact of waste.
The waste management market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the waste management market growth analysis report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Bertin Technologies SAS - The company offers medical waste management processing systems such as Sterilwave 250, Sterilwave 440, and Sterilwave 100.
The waste management market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The waste management market is experiencing significant growth due to the increasing focus on environmental sustainability and public health. The market encompasses various activities, including transportation, processing, recycling, and disposal of municipal solid waste, sewage, debris, and e-waste. International organizations and governments are promoting circular economy principles, such as repurposing, reusing, and recycling, to reduce the reliance on linear economy practices like landfilling, open dumping, incineration/combustion, and composting. Advancements in technology are driving innovation in waste management. Smart waste bins with waste-level sensors and AI recycling robots are streamlining waste collection and processing. Renewable energy solutions are being integrated into waste management processes to reduce CO2 emissions.
However, the lack of infrastructure in some regions poses a challenge to effective waste management. The rapid industrialization and growing urban population have led to an increase in waste generation, particularly in plastic and rubber. Resource and strategy companies are addressing these challenges by implementing extended producer responsibility programs and investing in new technologies to promote sustainable waste management practices.
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Market Scope |
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Report Coverage |
Details |
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Page number |
183 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.8% |
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Market Growth 2024-2028 |
USD 223.8 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
7.48 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 33% |
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Key countries |
China, US, Germany, Japan, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Bertin Technologies SAS, Biffa Plc, Clean Harbors Inc., Covanta Holding Corp., Daiseki Co. Ltd., FCC SA, GEPIL, Hasiru Dala Innovations Pvt. Ltd., HFCL Ltd., Hitachi Zosen Corp., Republic Services Inc., RETHMANN SE and Co. KG, SAAHAS WASTE MANAGEMENT Pvt. Ltd., Stericycle Inc., SUEZ SA, URBASER SA, Valicor Inc., Veolia Environnement SA, Waste Connections Inc., and Waste Management Inc. |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our waste management market forecast report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Service Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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