Waste Management Market

Global Waste Management Market is projected to generate a revenue of USD 573 Billion by 2027, increasing at a 5.6% CAGR during the forecast period, owing to their growing use to manage waste products and minimize the environmental impact of waste.

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Key Drivers and Emerging Trends

The waste management market is forecast to witness a smooth growth curve over the upcoming years, owing to the increasing emphasis on recycling and compositing. The increase in waste generated from several industries has increased the need for waste management, driving the market growth. Moreover, strategic government norms to reduce illegal dumping aided by the rising awareness regarding proper waste disposal in order to maintain animal and human health, will expand the market growth. For example, the Resource Conservation and Recovery Act (RCRA) launched by The Environmental Protection Agency (EPA) is intended to minimize open dumping and manage waste. In addition, accelerating population and rapid globalization has increased the volume of waste, propelling the Waste Management Market Share.

Moreover, the ongoing advancements in the waste management technologies and the advent of new policies like integrated waste management to optimize the existing waste management practices and reduce businesses costs, and pollution emitted during waste transportation, will offer enormous opportunities for the market. However, lack of skilled force, inadequate recycling infrastructure, and the high operating and procurement costs are some of the major factors restraining the Waste Management Market Size.

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Waste Segment Analysis

Industrial waste is expected to witness a higher CAGR during the forecast period, owing to the rapid industrialization. The growing amount of waste generated from various end-use industries like construction, electronics, chemical, and oil & gas have increased the incidences of medical conditions among humans, which has increased the need for waste management, driving the segment’s growth The government of several nations have enforced several norms for industries encouraging the use of industrial waste management. Moreover, the growing awareness pertaining waste management and increasing technological innovations in the recycling equipment are other factors fueling the segment’s growth. For example, the UK Government enforced a strategy in 2018, under which businesses and manufacturers will have to pay the cost needed to manage their packaging waste. In addition, the leading market players have expanded their geographies and are offering waste management services. For instance, SUEZ SA offers multiple collection systems such as Multi-sort collection services, collection of organic waste (biowaste) and green waste, collection of WEEE (Waste Electrical and Electronic Equipment), and collection points for hazardous waste (solvents, batteries, paint, biomedical waste).

Service Segment Analysis

Collection service is estimated to dominate the waste management market over the upcoming years, owing to their ability to save time and keeping the environment safe. The disposal service is expected to hold a larger share over the forecast period, owing to the emerging need for proper waste disposal to minimize environmental deterioration and reduce the chances of infections like HIV and hepatitis.

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Regional – Segment Analysis:

Europe is estimated to lead the market over the forecast period, primarily because of the strategic initiatives for proper waste management and increasing adoption of sophisticated waste management technologies.

On the other hand, Asia Pacific is predicted to witness a higher CAGR over the upcoming years. The growth is attributed to the accelerating population, increasing government initiatives like Swacch Bharat Abhiyan for the development of an effective and proper waste management solutions. Moreover, with the increasing industrialization, the need for waste management facilities has increased, fueling the regional growth. The rising consciousness pertaining the impact of non-eco-friendly packaging, such as plastic packaging and plastic materials has positively impacted the waste management market in this country. Moreover, the expansion of construction market, growing concerns pertaining the increased drilling activities, rapid urbanization, and growing emphasis of key players for developing technologically advanced, cost-effective, and sustainable management solutions will pave the way for market over the upcoming years. For example, in December 2017, Keppel Corporation, China, entered into a contract to design, build, and run the first integrated garbage management facility in Hong Kong.

Top Market Players

The major players operating in the market include Advanced Disposal Services, Inc, Biffa Group Ltd, Clean Harbors, Inc., Covanta Holding Corporation, Daiseki Co. Ltd, Hitachi Zosen Corporation, Remondis SE & Co. KG, Veolia Environnement S.A., Suez Environment S.A., and WM Intellectual Property Holdings, L.L.C.

Key Development:

• • In 2021, SUEZ partnered with Eramet, a leading player in the extraction and valorization of metals, to expand the efforts in the area of recycling end-of-life electric vehicle batteries. This collaboration is aimed to offer an exclusive, competitive and sustainable battery recycling solution for the European market.
  • In 2021, Veolia collaborated with Groupe Renault, an automobile manufacturer offering a range of cars and vans, and Solvay, to strengthen the circular economy of EV battery metals in Europe through closed-loop recycling.
  • In 2021: Biffa group acquired Company Shop Group (‘CSG’), the UK’s leading and largest redistributor of surplus food and household products.
  • In 2021, SUEZ partnered with Eramet, a leading player in the extraction and valorization of metals, to expand the efforts in the area of recycling end-of-life electric vehicle batteries. This collaboration is aimed to offer an exclusive, competitive and sustainable battery recycling solution for the European market.
  • In 2021, Veolia collaborated with Groupe Renault, an automobile manufacturer offering a range of cars and vans, and Solvay, to strengthen the circular economy of EV battery metals in Europe through closed-loop recycling
  • In 2021: Biffa group acquired Company Shop Group (‘CSG’), the UK’s leading and largest redistributor of surplus food and household products.
  • In 2020: Waste Management acquired all outstanding shares of Advanced Disposal, following the receipt of required regulatory approvals. The previously acquired price of USD 30.30 per share in cash represents a total value of USD 4.6 billion when including approximately USD 1.8 billion of Advanced Disposal’s net debt.
  • In 2020: Waste Management acquired all outstanding shares of Advanced Disposal, following the receipt of required regulatory approvals. The previously acquired price of USD 30.30 per share in cash represents a total value of USD 4.6 billion when including approximately USD 1.8 billion of Advanced Disposal’s net debt.

Segments covered in the Report:

The global waste management market has been segmented on the basis of waste, service, and region. Based on waste, the market is segmented into municipal, industrial, and hazardous. Based on service, the market is segmented into collection, and disposal.

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Key questions answered in this research report:

• • At what pace is global waste management market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in waste management market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global waste management market?
  • Which service generated maximum revenues in 2019 and identify the most promising service during the forecast period?
  • What are the various types of waste in global waste management market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Waste Management Market by Waste

• • Municipal Waste
  • Industrial Waste
  • Hazardous Waste

Global Waste Management Market by Service

• • Collection
  • Disposal

Global Waste Management Market by Region

• • North America Waste Management Market (Option 1: As a part of the free 25% customization)
    • • By Waste
      • By Service
      • US Market All-Up
      • Canada Market All-Up
  • Europe Waste Management Market (Option 2: As a part of the free 25% customization)
    • • By Waste
      • By Service
      • UK Market All-Up
      • Germany Market All-Up
      • France Market All-Up
      • Spain Market All-Up
      • Rest of Europe Market All-Up
  • Asia-Pacific Waste Management Market (Option 3: As a part of the free 25% customization)
    • • By Waste
      • By Service
      • China Market All-Up
      • India Market All-Up
      • Japan Market All-Up
      • Rest of APAC Market All-Up
  • RoW Waste Management Market (Option 4: As a part of the free 25% customization)
    • • By Waste
      • By Service
      • Brazil Market All-Up
      • South Africa Market All-Up
      • Saudi Arabia Market All-Up
      • UAE Market All-Up
      • Rest of world (remaining countries of the LAMEA region) Market All-Up

Global Waste Management Leading Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Advanced Disposal Services, Inc
  • Biffa Group Ltd
  • Clean Harbors, Inc.
  • Covanta Holding Corporation
  • Daiseki Co. Ltd
  • Hitachi Zosen Corporation
  • Remondis SE & Co. KG
  • Veolia Environnement S.A.
  • Suez Environment S.A.
  • WM Intellectual Property Holdings, L.L.C