Smart Waste Management Market Research Report on Growth, Share, Value, Size, and Analysis | Ecube Labs Co. Ltd., Veolia Environnement S.A

Global Smart Waste Management Market Size, Status, and forecast for the 2025-2032. The research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Smart Waste Management Market industry, as well as predicted future growth, technological advancements, investment prospects, market economics, and financial data. Additionally, the report includes upstream and downstream analyses of key players, as well as global certainties and assurances. The report evaluates dynamic aspects such as forecast market information, Porter's Five Forces Analysis, sales estimates, wide product portfolio, market scenarios, and possibility studies.

The global Smart Waste Management Market Size was valued at USD 3.54 billion in 2024 and is projected to reach from USD 3.92 billion in 2025 to USD 9.02 billion by 2032, growing at a CAGR of 11.1% during the forecast period (2025-2032).

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Latest Trends:

The adoption of AI-powered waste sorting systems is transforming how waste is processed. Moreover, these systems enhance efficiency by automatically identifying and categorizing waste, reducing manual labor, and improving recycling rates. In addition, this technological advancement contributes to more effective waste management and resource recovery processes. For instance, in September 2024, Prairie Robotics introduced AI technology to Bay City, Michigan's recycling trucks through a six-month pilot project. This initiative aims to enhance recycling efficiency in the city, using AI to improve waste sorting and management, marking a significant advancement in smart waste management market share. According to UNEP, Municipal solid waste generation is predicted to grow from 2.1 Billion Tons in 2023 to 3.8 Billion tons by 2050.

Major Players in Smart Waste Management Markets are:

Ecube Labs Co. Ltd., Veolia Environnement S.A., Waste Management Inc., Bigbelly, Inc., Bine Sp. z o.o., SAP SE, SUEZ Environmental Services, Sensoneo j. s. a., Rubicon Technologies, Inc., and Enevo, Inc.

Industry News:

In November 2023, Veolia Environnement S.A. launched a groundbreaking AI-driven solution to transform the management of water, energy, and waste. The new technology enables real-time monitoring and predictive maintenance, enhancing operational efficiency and sustainability. This AI solution aims to optimize resource use, reduce environmental impact, and support global efforts to combat climate change and resource scarcity.

In June 2024, Waste Management Inc. (WM) announced its acquisition of Stericycle, a leading provider of medical waste services, for $7.2 billion. The deal involves WM purchasing all outstanding shares of Stericycle for $62.00 per share in cash. This acquisition is part of WM's strategy to expand its capabilities in the medical waste sector, enhancing its portfolio in specialized waste management services.

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Global Smart Waste Management Market Segmentation:

By Product
Hardware
Software

By Waste Type
Solid Waste
Special Waste
E-Waste

By Method
Smart Collection
Smart Processing
Smart Disposal

By Source
Residential
Commercial
Industrial

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The following areas and countries are covered in the worldwide Smart Waste Management Market file:

North America (US, Canada, Mexico)
Europe (Germany, France, UK, Russia, Italy)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE), Egypt, Nigeria, and South Korea)

North America is leading in the smart waste management market in 2023. An increase in smart city initiatives across the U.S. and Canada is expected to drive growth in the smart waste management market. The deployment of smart bins, leveraging IoT and cloud-based technologies for efficient waste management, will contribute to market expansion. Rising awareness about proper waste disposal and environmental safety is also projected to bolster market growth.

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