Press release
Waste Management Market Size to Reach US$ 1.9 Trillion by 2030 Amid Rising Sustainability Focus
Waste Management Market
Governments and organizations worldwide are accelerating the shift toward sustainable waste management solutions to minimize landfill use and promote recycling and resource recovery. The growing establishment of waste-to-energy (WTE) facilities exemplifies this trend. For example, in June 2023, Telangana (India) announced plans for five WTE plants capable of generating up to 100 MW of electricity while processing 15,000 tons of solid waste daily.
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Key Highlights from the Report
➤ Global waste management market projected to reach US$ 1.9 trillion by 2030 at a 3.0% CAGR
➤ Asia-Pacific maintains its position as both the largest and fastest-growing regional market
➤ Implementation of waste-to-energy plants transforming waste into renewable energy
➤ Rapid urbanization and industrialization driving strong infrastructure investments
➤ Shift toward circular economy and Extended Producer Responsibility (EPR) frameworks
➤ Key players like Veolia and Waste Management Inc. expanding global recycling operations
Market Segmentation
The market is segmented by waste type, service, and region. Based on waste type, municipal solid waste (MSW) accounts for the largest share, contributing nearly two-thirds of the total market value. According to the World Bank, over 2.01 billion tons of MSW is generated annually worldwide, necessitating advanced systems for collection, segregation, and processing.
By service, collection and disposal services dominate due to their central role in preventing waste accumulation, improving sanitation, and protecting public health. The integration of digital tracking systems and GPS-enabled smart waste collection is further enhancing service reliability and efficiency.
Regional Insights
Asia-Pacific commands nearly half of the global waste management market, driven by rapid urbanization, infrastructure expansion, and population growth in major nations such as China, India, and Japan. The United Nations estimates that Asia-Pacific houses nearly 4.3 billion people, significantly increasing waste generation levels.
Governments in the region are launching strong environmental regulations to improve waste management outcomes. For instance, India introduced E-Waste (Management) Rules, 2022, effective from April 2023, setting strict collection and disposal targets for electronic waste. Similarly, growing participation in recycling and energy recovery initiatives is transforming urban waste handling frameworks across the region.
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Market Dynamics
Market Drivers
Rapid industrialization and urban population growth are generating higher quantities of waste, prompting governments to enhance waste collection and processing infrastructure. Increased focus on sustainability and energy recovery is also driving technological advancements in waste-to-energy systems.
Market Restraints
Many developing nations face challenges from inadequate waste collection networks and limited recycling capacity. Insufficient infrastructure for waste segregation, processing, and landfill management remains a major barrier to industry growth.
Market Opportunities
The global movement toward a circular economy and implementation of EPR regulations present major opportunities for scalable recycling and resource recovery systems. In addition, ongoing investments in digital waste management and renewable energy integration are opening new growth avenues.
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Reasons to Buy the Report
✔ Gain data-backed insights into the global waste management market growth trajectory
✔ Understand the role of circular economy and technological innovations in driving change
✔ Identify emerging opportunities in Asia-Pacific's expanding waste management sector
✔ Review key company strategies in waste collection, recycling, and waste-to-energy projects
✔ Access detailed regional analysis and competitor benchmarking for strategic planning
Frequently Asked Questions (FAQs)
◆ How big is the global waste management market in 2022?
◆ What factors are driving the waste management market growth worldwide?
◆ Who are the leading players in global waste collection and recycling services?
◆ What is the projected CAGR of the market through 2030?
◆ Which region is expected to dominate the global waste management industry?
Company Insights
Veolia
Suez
Waste Management Inc.
FCC Environment CEE
Hitachi Zosen Corporation
Clean Harbors, Inc.
Covanta Holding Corporation
Biffa Group Limited
Daiseki Co., Ltd.
Remondis SE & Co. KG
Recent Developments:
March 30, 2023 - UNEP observed the first International Day of Zero Waste, raising global awareness of waste's environmental and economic impacts.
April 2023 - The Indian Government implemented new plastic waste management regulations to improve plastic reuse and recycling efficiency.
March 2023 - Beeah Group (UAE) partnered with the International Solid Waste Association to set global standards for waste recycling.
Conclusion
The global waste management market is on a steady upward trajectory, driven by sustainability goals, circular economy interventions, and the rising deployment of waste-to-energy technologies. As Asia-Pacific leads with large-scale waste volumes and emerging environmental standards, global players are investing in digital, automated, and renewable-driven waste management models to create clean, resilient, and future-ready urban ecosystems.
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DataM Intelligence 4Market Research is a comprehensive market intelligence platform offering syndicated and customized reports along with expert consulting across multiple industries, including chemicals, healthcare, agriculture, food & beverages, and more. With extensive experience and a strategy-focused approach, DataM provides businesses and individuals with reliable market insights, statistical forecasts, and personalized research solutions to help them make informed decisions and successfully bring innovations to market.
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