Waste Management  Industry Overview

The global waste management market size  was valued at USD 1,293.70 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.4% from 2023 to 2030. The market is expected to be driven by stringent government regulations such as the Resource Conservation and Recovery Act and Waste Shipment Regulation for improving this service. During the COVID-19 pandemic, due to the lockdown, waste production decreased from the commercial and industrial sectors as factories and offices were completely or partially shut down. However, the urban waste increased from residential areas. The reopening of production facilities at the beginning of 2021 and rising vaccination rates lead to the re-initiation of the waste recycling industry and companies at their full-scale capacities.

The US was one of the majorly COVID-19 affected countries, where the government had imposed a lockdown in 2020 to control the spread of the virus, resulting in the reduction of waste generation from the industrial sector. By 2021, the production facilities have started their operation, resulting in increased waste generation, thereby impacting the market growth positively.

Gather more insights about the market drivers, restraints and growth of the  Waste Management  Market

Rising awareness regarding proper waste disposal globally for maintaining animal and human health has resulted in the emergence of various disposal methods and techniques. The occurrence of large quantities of dangerous compounds, such as metals and salts, in the waste, has made it necessary for waste management companies to dispose of or recycle the waste over time.

The market is dominated by a few major players such as Veolia; Covanta; Valicor; and Waste Management Inc., which has large customer bases and goodwill, limiting new entrants. New market entrants are also expected to witness high capital costs owening to the advanced nature of processing technologies. This is expected to lower the threat of new entrants, thereby limiting the competition in the market.

The high cost of operating and procuring waste management solutions is anticipated to impact the market growth. Additionally, the industry is labor-intensive and can require a lot of amount as their wages. Costs of transportation of waste are also high as the cost includes collection costs and transportation costs to recycle facilities or landfills.

Browse through Grand View Research's  Water & Sludge Treatment Industry  Research Reports.

• The global  RO membrane chemicals market  size was estimated at USD 2.04 billion in 2023 and is projected to expand at a CAGR of 6.0% from 2024 to 2030.
• The global  water recycle and reuse market  size was estimated at USD 16.13 billion in 2023 and is expected to grow at a CAGR of 9.7% from 2024 to 2030.

Waste Management Market Segmentation

Grand View Research has segmented the global waste management market based on service type, waste type, and region:

Service type Outlook (Revenue, USD Billion; 2018 - 2030)

• Collection
• Transportation
• Disposal
  
  Waste Type Outlook (Revenue, USD Billion; 2018 - 2030)
   
  • Municipal Waste
  • Medical Waste
  • Industrial Waste
  • E-waste
    
    Regional Outlook (Revenue, USD Billion; 2018 - 2030)
     
    • North America
      • S.
      • Canada
      • Mexico
    • Europe
      • UK
      • Germany
      • France
      • Italy
      • Spain
    • Asia Pacific
      • China
      • India
      • Japan
      • Australia
      • South Korea
    • Central & South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • South Africa
      • UAE

Key Companies profiled:

• Suez
• Valicor
• Veolia
• Waste Connections
• Republic Services
• Biffa
• Clean Harbors
• Covanta Holding
• I am
• Hitachi Zosen
• Remondis Se & Co. Kg
• Urbaser
• Fcc Environment
• Biomedical Waste Solutions
• Stericycle

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