PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1503306
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1503306
Waste Management Market Forecasts to 2030 - Global Analysis By Service Type, Waste Type, End User and By Geography
According to Stratistics MRC, the Global Waste Management Market is accounted for $2,502.78 billion in 2024 and is expected to reach $3,905.86 billion by 2030 growing at a CAGR of 7.7% during the forecast period. Waste management involves the collection, transportation, processing, recycling, and disposal of waste materials. Its primary goal is to reduce the adverse effects of waste on human health and the environment. Effective waste management practices aim to minimize waste generation, promote recycling and reuse, and ensure proper disposal of residual waste. Modern waste management also emphasizes sustainable practices like composting organic waste, using energy recovery from waste, and reducing landfill dependence.
According to the estimates and forecasts of the WHO, the global urban population is expected to grow by approximately 1.84% annually until 2020, at the rate of about 1.63% per annum from 2020 to 2025 and around 1.44% per annum from 2025 to 2030.
Market Dynamics:
Driver:
Increasing number of construction projects
Construction activities generate substantial amounts of waste materials, including debris, concrete, wood, metals, and plastics. Proper waste management in construction projects is crucial for several reasons. Effective management helps mitigate environmental impacts by reducing the volume of waste sent to landfills and minimizing pollution. It promotes resource efficiency through recycling and reusing materials, which conserves natural resources and reduces energy consumption associated with producing new materials. Adhering to waste management regulations ensures compliance with environmental laws and standards, preventing legal liabilities and potential fines.
Restraint:
Lack of proper facilities for waste collection
Without accessible and reliable means to collect waste, communities face numerous challenges. Improper disposal becomes prevalent, leading to environmental degradation such as soil and water pollution. Inadequate waste collection also heightens health risks, as unmanaged waste can harbor disease vectors like rodents and insects. The visual blight of scattered refuse diminishes quality of life and deters tourism and economic development. Communities may struggle with implementing recycling programs or sustainable waste practices without a foundational system for collection.
Opportunity:
Increasing e-waste
As technology advances and consumer electronics become more prevalent, the disposal of obsolete devices such as smartphones, laptops, and televisions has escalated. This surge in e-waste necessitates effective waste management strategies that prioritize recycling, reuse, and responsible disposal to mitigate environmental and health risks posed by hazardous materials like lead, mercury, and cadmium found in electronic components. By implementing extended producer responsibility (EPR) frameworks and educating the public on proper disposal methods, communities can reduce the environmental footprint of e-waste while recovering valuable resources like metals, plastics, and rare earth elements.
Threat:
High cost of recycling
The high cost of recycling presents a significant challenge to effective waste management strategies worldwide. Recycling involves numerous steps, from collection and sorting to processing and re-manufacturing materials into new products. Each stage incurs costs related to labor, transportation, equipment maintenance, and energy consumption. The market prices for recycled materials can fluctuate, impacting the economic feasibility of recycling programs. As a result, many regions struggle to maintain comprehensive recycling programs or resort to exporting recyclables to countries with lower labor costs, which raises environmental concerns due to transportation emissions and questionable recycling practices in some regions.
Covid-19 Impact:
The COVID-19 pandemic significantly impacted waste management systems worldwide. Increased medical waste from hospitals and households, such as discarded masks and gloves, strained existing disposal infrastructures. Changes in consumer behavior, including heightened online shopping and home deliveries, led to a surge in packaging waste. Lockdowns and restrictions also affected recycling programs and waste collection schedules, disrupting the regular flow of materials and creating backlogs in some areas. The pandemic highlighted vulnerabilities in waste management systems, emphasizing the need for resilience and adaptability to sudden shifts in waste generation patterns.
The Municipal Waste segment is expected to be the largest during the forecast period
Municipal Waste segment is expected to be the largest during the forecast period. It encompasses various aspects of waste collection, transportation, recycling, and disposal, focusing on the efficient handling of household and commercial waste. Effective management in this sector involves implementing sustainable practices such as source reduction, recycling initiatives, and energy recovery from waste. By prioritizing recycling and composting programs, municipalities can reduce the volume of waste sent to landfills, thereby minimizing environmental impact and conserving resources.
The Residential segment is expected to have the highest CAGR during the forecast period
Residential segment is expected to have the highest CAGR during the forecast period. Implementing comprehensive recycling programs encourages residents to segregate waste effectively, diverting recyclable materials from landfills. Education plays a crucial role, promoting awareness about proper disposal methods and the importance of reducing waste generation through initiatives like composting organic materials. Technologies such as smart waste bins equipped with sensors help optimize collection routes, minimizing fuel consumption and emissions.
Region with largest share:
Because of the region's growing population, high level of disposable income, and rising demand for packed food products, North America held the largest share of the market over the extrapolated period. International agreements promote the adoption of sustainable practices and technologies, encouraging the region to manage waste more efficiently and responsibly. By harmonizing regulations and facilitating cross-border cooperation, such policies enable the sharing of best practices, innovations, and resources among countries. These elements are boosting the regional growth.
Region with highest CAGR:
Europe region is poised to hold profitable growth during the projection period. Stringent policies aimed at reducing landfill waste, promoting recycling, and increasing resource efficiency are driving innovation and investment in the sector. The European Union's Circular Economy Action Plan, for instance, sets ambitious targets for waste reduction and recycling rates, pushing companies to adopt more sustainable practices. These regulations not only compel businesses to minimize waste generation but also foster the regional development of advanced technologies for waste sorting, treatment, and recycling.
Key players in the market
Some of the key players in Waste Management market include Augean Plc, Biffa Group, Biomedical Waste Solutions, Clean Harbors Inc, Covanta Holding Corporation, Hitachi Zosen Corporation, Suez Environment S.A., Veolia Environment SA and Waste Management Inc.
Key Developments:
In November 2023, Biffa has acquired Hamilton Waste and Recycling Limited (HWR), Scotland's leading construction and demolition (C&D) waste collection and processing business. The acquisition of HWR is a significant step for Biffa, expanding its waste capabilities in the construction and demolition sector, further underpinning its commitment to low-carbon collections and material processing.
In September 2022, WM Intellectual Property Holdings, L.L.C. acquired Avangard Innovative's U.S. business, which will operate as Natura PCR - an independent company expected to scale and grow recycling capacity to produce an estimated 400 million pounds per year of post-consumer resin (PCR) in five years
Service Types Covered:
- Disposal
- Transportation
- Collection
Waste Types Covered:
- Hazardous Waste
- Industrial Waste
- Municipal Waste
- Plastic Waste
- Other Waste Types
End Users Covered:
- Commercial
- Residential
- Industrial
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 End User Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Waste Management Market, By Service Type
- 5.1 Introduction
- 5.2 Disposal
- 5.3 Transportation
- 5.4 Collection
6 Global Waste Management Market, By Waste Type
- 6.1 Introduction
- 6.2 Hazardous Waste
- 6.3 Industrial Waste
- 6.4 Municipal Waste
- 6.5 Plastic Waste
- 6.6 Other Waste Types
7 Global Waste Management Market, By End User
- 7.1 Introduction
- 7.2 Commercial
- 7.3 Residential
- 7.4 Industrial
8 Global Waste Management Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 Augean Plc
- 10.2 Biffa Group
- 10.3 Biomedical Waste Solutions
- 10.4 Clean Harbors Inc
- 10.5 Covanta Holding Corporation
- 10.6 Hitachi Zosen Corporation
- 10.7 Suez Environment S.A.
- 10.8 Veolia Environment SA
- 10.9 Waste Management Inc
List of Tables
- Table 1 Global Waste Management Market Outlook, By Region (2022-2030) ($MN)
- Table 2 Global Waste Management Market Outlook, By Service Type (2022-2030) ($MN)
- Table 3 Global Waste Management Market Outlook, By Disposal (2022-2030) ($MN)
- Table 4 Global Waste Management Market Outlook, By Transportation (2022-2030) ($MN)
- Table 5 Global Waste Management Market Outlook, By Collection (2022-2030) ($MN)
- Table 6 Global Waste Management Market Outlook, By Waste Type (2022-2030) ($MN)
- Table 7 Global Waste Management Market Outlook, By Hazardous Waste (2022-2030) ($MN)
- Table 8 Global Waste Management Market Outlook, By Industrial Waste (2022-2030) ($MN)
- Table 9 Global Waste Management Market Outlook, By Municipal Waste (2022-2030) ($MN)
- Table 10 Global Waste Management Market Outlook, By Plastic Waste (2022-2030) ($MN)
- Table 11 Global Waste Management Market Outlook, By Other Waste Types (2022-2030) ($MN)
- Table 12 Global Waste Management Market Outlook, By End User (2022-2030) ($MN)
- Table 13 Global Waste Management Market Outlook, By Commercial (2022-2030) ($MN)
- Table 14 Global Waste Management Market Outlook, By Residential (2022-2030) ($MN)
- Table 15 Global Waste Management Market Outlook, By Industrial (2022-2030) ($MN)
- Table 16 North America Waste Management Market Outlook, By Country (2022-2030) ($MN)
- Table 17 North America Waste Management Market Outlook, By Service Type (2022-2030) ($MN)
- Table 18 North America Waste Management Market Outlook, By Disposal (2022-2030) ($MN)
- Table 19 North America Waste Management Market Outlook, By Transportation (2022-2030) ($MN)
- Table 20 North America Waste Management Market Outlook, By Collection (2022-2030) ($MN)
- Table 21 North America Waste Management Market Outlook, By Waste Type (2022-2030) ($MN)
- Table 22 North America Waste Management Market Outlook, By Hazardous Waste (2022-2030) ($MN)
- Table 23 North America Waste Management Market Outlook, By Industrial Waste (2022-2030) ($MN)
- Table 24 North America Waste Management Market Outlook, By Municipal Waste (2022-2030) ($MN)
- Table 25 North America Waste Management Market Outlook, By Plastic Waste (2022-2030) ($MN)
- Table 26 North America Waste Management Market Outlook, By Other Waste Types (2022-2030) ($MN)
- Table 27 North America Waste Management Market Outlook, By End User (2022-2030) ($MN)
- Table 28 North America Waste Management Market Outlook, By Commercial (2022-2030) ($MN)
- Table 29 North America Waste Management Market Outlook, By Residential (2022-2030) ($MN)
- Table 30 North America Waste Management Market Outlook, By Industrial (2022-2030) ($MN)
- Table 31 Europe Waste Management Market Outlook, By Country (2022-2030) ($MN)
- Table 32 Europe Waste Management Market Outlook, By Service Type (2022-2030) ($MN)
- Table 33 Europe Waste Management Market Outlook, By Disposal (2022-2030) ($MN)
- Table 34 Europe Waste Management Market Outlook, By Transportation (2022-2030) ($MN)
- Table 35 Europe Waste Management Market Outlook, By Collection (2022-2030) ($MN)
- Table 36 Europe Waste Management Market Outlook, By Waste Type (2022-2030) ($MN)
- Table 37 Europe Waste Management Market Outlook, By Hazardous Waste (2022-2030) ($MN)
- Table 38 Europe Waste Management Market Outlook, By Industrial Waste (2022-2030) ($MN)
- Table 39 Europe Waste Management Market Outlook, By Municipal Waste (2022-2030) ($MN)
- Table 40 Europe Waste Management Market Outlook, By Plastic Waste (2022-2030) ($MN)
- Table 41 Europe Waste Management Market Outlook, By Other Waste Types (2022-2030) ($MN)
- Table 42 Europe Waste Management Market Outlook, By End User (2022-2030) ($MN)
- Table 43 Europe Waste Management Market Outlook, By Commercial (2022-2030) ($MN)
- Table 44 Europe Waste Management Market Outlook, By Residential (2022-2030) ($MN)
- Table 45 Europe Waste Management Market Outlook, By Industrial (2022-2030) ($MN)
- Table 46 Asia Pacific Waste Management Market Outlook, By Country (2022-2030) ($MN)
- Table 47 Asia Pacific Waste Management Market Outlook, By Service Type (2022-2030) ($MN)
- Table 48 Asia Pacific Waste Management Market Outlook, By Disposal (2022-2030) ($MN)
- Table 49 Asia Pacific Waste Management Market Outlook, By Transportation (2022-2030) ($MN)
- Table 50 Asia Pacific Waste Management Market Outlook, By Collection (2022-2030) ($MN)
- Table 51 Asia Pacific Waste Management Market Outlook, By Waste Type (2022-2030) ($MN)
- Table 52 Asia Pacific Waste Management Market Outlook, By Hazardous Waste (2022-2030) ($MN)
- Table 53 Asia Pacific Waste Management Market Outlook, By Industrial Waste (2022-2030) ($MN)
- Table 54 Asia Pacific Waste Management Market Outlook, By Municipal Waste (2022-2030) ($MN)
- Table 55 Asia Pacific Waste Management Market Outlook, By Plastic Waste (2022-2030) ($MN)
- Table 56 Asia Pacific Waste Management Market Outlook, By Other Waste Types (2022-2030) ($MN)
- Table 57 Asia Pacific Waste Management Market Outlook, By End User (2022-2030) ($MN)
- Table 58 Asia Pacific Waste Management Market Outlook, By Commercial (2022-2030) ($MN)
- Table 59 Asia Pacific Waste Management Market Outlook, By Residential (2022-2030) ($MN)
- Table 60 Asia Pacific Waste Management Market Outlook, By Industrial (2022-2030) ($MN)
- Table 61 South America Waste Management Market Outlook, By Country (2022-2030) ($MN)
- Table 62 South America Waste Management Market Outlook, By Service Type (2022-2030) ($MN)
- Table 63 South America Waste Management Market Outlook, By Disposal (2022-2030) ($MN)
- Table 64 South America Waste Management Market Outlook, By Transportation (2022-2030) ($MN)
- Table 65 South America Waste Management Market Outlook, By Collection (2022-2030) ($MN)
- Table 66 South America Waste Management Market Outlook, By Waste Type (2022-2030) ($MN)
- Table 67 South America Waste Management Market Outlook, By Hazardous Waste (2022-2030) ($MN)
- Table 68 South America Waste Management Market Outlook, By Industrial Waste (2022-2030) ($MN)
- Table 69 South America Waste Management Market Outlook, By Municipal Waste (2022-2030) ($MN)
- Table 70 South America Waste Management Market Outlook, By Plastic Waste (2022-2030) ($MN)
- Table 71 South America Waste Management Market Outlook, By Other Waste Types (2022-2030) ($MN)
- Table 72 South America Waste Management Market Outlook, By End User (2022-2030) ($MN)
- Table 73 South America Waste Management Market Outlook, By Commercial (2022-2030) ($MN)
- Table 74 South America Waste Management Market Outlook, By Residential (2022-2030) ($MN)
- Table 75 South America Waste Management Market Outlook, By Industrial (2022-2030) ($MN)
- Table 76 Middle East & Africa Waste Management Market Outlook, By Country (2022-2030) ($MN)
- Table 77 Middle East & Africa Waste Management Market Outlook, By Service Type (2022-2030) ($MN)
- Table 78 Middle East & Africa Waste Management Market Outlook, By Disposal (2022-2030) ($MN)
- Table 79 Middle East & Africa Waste Management Market Outlook, By Transportation (2022-2030) ($MN)
- Table 80 Middle East & Africa Waste Management Market Outlook, By Collection (2022-2030) ($MN)
- Table 81 Middle East & Africa Waste Management Market Outlook, By Waste Type (2022-2030) ($MN)
- Table 82 Middle East & Africa Waste Management Market Outlook, By Hazardous Waste (2022-2030) ($MN)
- Table 83 Middle East & Africa Waste Management Market Outlook, By Industrial Waste (2022-2030) ($MN)
- Table 84 Middle East & Africa Waste Management Market Outlook, By Municipal Waste (2022-2030) ($MN)
- Table 85 Middle East & Africa Waste Management Market Outlook, By Plastic Waste (2022-2030) ($MN)
- Table 86 Middle East & Africa Waste Management Market Outlook, By Other Waste Types (2022-2030) ($MN)
- Table 87 Middle East & Africa Waste Management Market Outlook, By End User (2022-2030) ($MN)
- Table 88 Middle East & Africa Waste Management Market Outlook, By Commercial (2022-2030) ($MN)
- Table 89 Middle East & Africa Waste Management Market Outlook, By Residential (2022-2030) ($MN)
- Table 90 Middle East & Africa Waste Management Market Outlook, By Industrial (2022-2030) ($MN)
