Malaysia Waste Management Market

Malaysia Waste Management Market Overview

Malaysia waste management market size is expected to increase during the forecast period due to the rapid industrialization with the expansion of industries. Rapid population growth has increased the amount of waste generated due to the landfills in Malaysia. As per the National Solid Waste Department, the country report 165 landfills and 8 sanitary landfills. Malaysia government is adopting various strategies to implement zero waste and to reduce dependency on landfills by using advanced technology and to avoid food wastage.

Major Malaysia Waste Management Market Drivers

Malaysia accounted for 31% recycling rate which is lower than other southeast Asia countries such as Korea, Thailand, Singapore, and Taiwan. Malaysia management produces 30,000 tonnes of municipal solid waste, which is a significant problem for the Country. The government planned to achieve recycling rate to 40% by 2025 due to the increased focus on environmental management in Malaysia. Malaysia is also providing incentives to waste management company in Malaysia in to order to reduce commercial waste generation from manufacturing activities such as toxic waste, non-toxic wate and chemicals.

The key factors driving the growth of the Malaysia waste management industry includes increasing industrialization and urbanization, rapid population growth. Increasing environmental degradation with the rapid expansion in economic development is predicted to boost the waste management market in Malaysia. In addition, increasing awareness regarding the benefits of waste management and investment on advanced technologies for waste management will further drive the market growth. Rising focus on reduction of food wastage by adoption adequate storage strategies. Malaysia government is investing and taking initiatives to create more opportunities for the companies in waste management market in Malaysia.

Growing demand for ecofriendly and cost-effective waste management solutions is boosting the market demand. Rising government efforts for efficient waste disposal systems and to improve the waste management infrastructure. Moreover, increasing environmental concerns about the waste generation along with the high demand for sustainable waste management practices is likely to propel the market growth. However, high cost for implementing waste management solutions will hinder the waste management industry in Malaysia.

Segments covered in the Report:

The Malaysia waste management market has been segmented on the basis of waste and service. Based on waste, the market is segmented into, Industrial, municipal and hazardous. Based on service, the market is segmented into Disposal and collection.

Market Segmentation

Malaysia Waste Management Market by Waste

• • Municipal Waste
  • Industrial Waste
  • Hazardous Waste

Malaysia Waste Management Market by Service

• • Collection
  • Disposal