The solid waste management market size surpassed USD 281.10 billion in 2023 and is projected to be worth USD 403.55 billion by 2032, rising at a CAGR of 4.10% from 2023 to 2032.
Key Takeaways
- North America contributed more than 36% of revenue share in 2022.
- Asia Pacific is estimated to witness the fastest CAGR between 2023 and 2032.
- By waste, the industrial segment has held the largest market share of 68% in 2022.
- By waste, the municipal segment is anticipated to grow at a remarkable CAGR of 6.2% between 2023 and 2032.
- By treatment, the disposal segment generated over 63% of revenue share in 2022.
- By treatment, the open dumping segment is expected to expand at the fastest CAGR over the projected period.
- By material, the paper & paperboard segment held the largest market share of 38% in 2022.
- By material, the plastic segment is expected to expand at the fastest CAGR over the projected period.
The Solid Waste Management Market plays a pivotal role in addressing the global challenge of waste disposal. It encompasses a range of activities and strategies aimed at efficiently handling, collecting, transporting, and disposing of solid waste. With the increasing global population and urbanization, the demand for effective solid waste management solutions has surged, making it a critical aspect of sustainable development.
Growth Factors
Several factors contribute to the growth of the Solid Waste Management Market. Heightened environmental awareness, stringent regulations, and the rising emphasis on recycling and resource recovery are key drivers. Additionally, technological advancements in waste treatment methods and the adoption of innovative waste-to-energy technologies contribute significantly to market expansion.
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Region Snapshot
The Solid Waste Management Market exhibits regional variations influenced by economic development, regulatory frameworks, and cultural factors. Developed regions often showcase well-established waste management systems, while emerging economies experience rapid market growth due to increasing urbanization. Tailoring strategies to regional needs is crucial for success in this dynamic and geographically diverse market.
Drivers
The market is driven by a confluence of factors such as urbanization, industrialization, and population growth. Increased waste generation from these sources necessitates advanced and efficient solid waste management systems. Government initiatives and policies promoting sustainable waste management practices further propel market growth, creating a conducive environment for investment and innovation.
Opportunities
The Solid Waste Management Market presents ample opportunities for investment and innovation. The growing demand for waste-to-energy solutions, smart waste management technologies, and circular economy practices open avenues for businesses to explore sustainable and profitable ventures. Collaborations between public and private sectors also create opportunities for developing integrated waste management systems.
Challenges
Despite its growth prospects, the Solid Waste Management Market faces challenges that require careful consideration. Issues such as inadequate infrastructure, insufficient funding, and public resistance to waste management facilities pose obstacles to effective waste management. Developing cost-effective and environmentally friendly solutions remains a challenge that industry stakeholders continually work to overcome.
Solid Waste Management Market Scope
| Report Coverage | Details |
| Market Size in 2023 | USD 281.10 Billion |
| Market Size by 2032 | USD 403.55 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 4.10% |
| Largest Market | North America |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Waste, By Treatment, and By Material |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
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Recent Developments
- In 2021, Biffa Group announced the acquisition of Company Shop Group (‘CSG’), the UK’s premier redistributor of surplus food and household products. This strategic move enhances Biffa’s position in sustainable waste management by incorporating CSG’s expertise in reducing and repurposing surplus goods.
- In 2020, Valicor acquired Affiliated Wastewater Environmental Services, a strategic move aimed at expanding its U.S. network and solidifying its position as a leading provider of wastewater treatment services in the country. This acquisition enhances Valicor’s capabilities and presence in the growing environmental services sector.
Solid Waste Management Market Players
- Waste Management, Inc.
- Republic Services, Inc.
- Veolia Environnement S.A.
- Clean Harbors, Inc.
- Suez SA
- Biffa Group Limited
- Covanta Holding Corporation
- Renova AB
- Waste Connections, Inc.
- Stericycle, Inc.
- Advanced Disposal Services, Inc.
- Hitachi Zosen Corporation
- EnviroServ Waste Management (Pty) Ltd
- Remondis SE & Co. KG
- Bharat Heavy Electricals Limited (BHEL)
Segments Covered in the Report
By Waste
- Municipal
- Industrial
By Treatment
- Open Dumping
- Disposal
By Material
- Paper & Paperboard
- Plastic
- Metals
- Food
- Textiles
- Others
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Table of Content
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Solid Waste Management Market
5.1. COVID-19 Landscape: Solid Waste Management Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Solid Waste Management Market, By Waste
8.1. Solid Waste Management Market Revenue and Volume, by Waste, 2023-2032
8.1.1 Municipal
8.1.1.1. Market Revenue and Volume Forecast (2020-2032)
8.1.2. Industrial
8.1.2.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 9. Global Solid Waste Management Market, By Treatment
9.1. Solid Waste Management Market Revenue and Volume, by Treatment, 2023-2032
9.1.1. Open Dumping
9.1.1.1. Market Revenue and Volume Forecast (2020-2032)
9.1.2. Disposal
9.1.2.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 10. Global Solid Waste Management Market, By Material
10.1. Solid Waste Management Market Revenue and Volume, by Material, 2023-2032
10.1.1. Paper & Paperboard
10.1.1.1. Market Revenue and Volume Forecast (2020-2032)
10.1.2. Plastic
10.1.2.1. Market Revenue and Volume Forecast (2020-2032)
10.1.3. Metals
10.1.3.1. Market Revenue and Volume Forecast (2020-2032)
10.1.4. Food
10.1.4.1. Market Revenue and Volume Forecast (2020-2032)
10.1.5. Textiles
10.1.5.1. Market Revenue and Volume Forecast (2020-2032)
10.1.6. Others
10.1.6.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 11. Global Solid Waste Management Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Volume Forecast, by Waste (2020-2032)
11.1.2. Market Revenue and Volume Forecast, by Treatment (2020-2032)
11.1.3. Market Revenue and Volume Forecast, by Material (2020-2032)
11.1.4. U.S.
11.1.4.1. Market Revenue and Volume Forecast, by Waste (2020-2032)
11.1.4.2. Market Revenue and Volume Forecast, by Treatment (2020-2032)
11.1.4.3. Market Revenue and Volume Forecast, by Material (2020-2032)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Volume Forecast, by Waste (2020-2032)
11.1.5.2. Market Revenue and Volume Forecast, by Treatment (2020-2032)
11.1.5.3. Market Revenue and Volume Forecast, by Material (2020-2032)
11.2. Europe
11.2.1. Market Revenue and Volume Forecast, by Waste (2020-2032)
11.2.2. Market Revenue and Volume Forecast, by Treatment (2020-2032)
11.2.3. Market Revenue and Volume Forecast, by Material (2020-2032)
11.2.4. UK
11.2.4.1. Market Revenue and Volume Forecast, by Waste (2020-2032)
11.2.4.2. Market Revenue and Volume Forecast, by Treatment (2020-2032)
11.2.4.3. Market Revenue and Volume Forecast, by Material (2020-2032)
11.2.5. Germany
11.2.5.1. Market Revenue and Volume Forecast, by Waste (2020-2032)
11.2.5.2. Market Revenue and Volume Forecast, by Treatment (2020-2032)
11.2.5.3. Market Revenue and Volume Forecast, by Material (2020-2032)
11.2.6. France
11.2.6.1. Market Revenue and Volume Forecast, by Waste (2020-2032)
11.2.6.2. Market Revenue and Volume Forecast, by Treatment (2020-2032)
11.2.6.3. Market Revenue and Volume Forecast, by Material (2020-2032)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Volume Forecast, by Waste (2020-2032)
11.2.7.2. Market Revenue and Volume Forecast, by Treatment (2020-2032)
11.2.7.3. Market Revenue and Volume Forecast, by Material (2020-2032)
11.3. APAC
11.3.1. Market Revenue and Volume Forecast, by Waste (2020-2032)
11.3.2. Market Revenue and Volume Forecast, by Treatment (2020-2032)
11.3.3. Market Revenue and Volume Forecast, by Material (2020-2032)
11.3.4. India
11.3.4.1. Market Revenue and Volume Forecast, by Waste (2020-2032)
11.3.4.2. Market Revenue and Volume Forecast, by Treatment (2020-2032)
11.3.4.3. Market Revenue and Volume Forecast, by Material (2020-2032)
11.3.5. China
11.3.5.1. Market Revenue and Volume Forecast, by Waste (2020-2032)
11.3.5.2. Market Revenue and Volume Forecast, by Treatment (2020-2032)
11.3.5.3. Market Revenue and Volume Forecast, by Material (2020-2032)
11.3.6. Japan
11.3.6.1. Market Revenue and Volume Forecast, by Waste (2020-2032)
11.3.6.2. Market Revenue and Volume Forecast, by Treatment (2020-2032)
11.3.6.3. Market Revenue and Volume Forecast, by Material (2020-2032)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Volume Forecast, by Waste (2020-2032)
11.3.7.2. Market Revenue and Volume Forecast, by Treatment (2020-2032)
11.3.7.3. Market Revenue and Volume Forecast, by Material (2020-2032)
11.4. MEA
11.4.1. Market Revenue and Volume Forecast, by Waste (2020-2032)
11.4.2. Market Revenue and Volume Forecast, by Treatment (2020-2032)
11.4.3. Market Revenue and Volume Forecast, by Material (2020-2032)
11.4.4. GCC
11.4.4.1. Market Revenue and Volume Forecast, by Waste (2020-2032)
11.4.4.2. Market Revenue and Volume Forecast, by Treatment (2020-2032)
11.4.4.3. Market Revenue and Volume Forecast, by Material (2020-2032)
11.4.5. North Africa
11.4.5.1. Market Revenue and Volume Forecast, by Waste (2020-2032)
11.4.5.2. Market Revenue and Volume Forecast, by Treatment (2020-2032)
11.4.5.3. Market Revenue and Volume Forecast, by Material (2020-2032)
11.4.6. South Africa
11.4.6.1. Market Revenue and Volume Forecast, by Waste (2020-2032)
11.4.6.2. Market Revenue and Volume Forecast, by Treatment (2020-2032)
11.4.6.3. Market Revenue and Volume Forecast, by Material (2020-2032)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Volume Forecast, by Waste (2020-2032)
11.4.7.2. Market Revenue and Volume Forecast, by Treatment (2020-2032)
11.4.7.3. Market Revenue and Volume Forecast, by Material (2020-2032)
11.5. Latin America
11.5.1. Market Revenue and Volume Forecast, by Waste (2020-2032)
11.5.2. Market Revenue and Volume Forecast, by Treatment (2020-2032)
11.5.3. Market Revenue and Volume Forecast, by Material (2020-2032)
11.5.4. Brazil
11.5.4.1. Market Revenue and Volume Forecast, by Waste (2020-2032)
11.5.4.2. Market Revenue and Volume Forecast, by Treatment (2020-2032)
11.5.4.3. Market Revenue and Volume Forecast, by Material (2020-2032)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Volume Forecast, by Waste (2020-2032)
11.5.5.2. Market Revenue and Volume Forecast, by Treatment (2020-2032)
11.5.5.3. Market Revenue and Volume Forecast, by Material (2020-2032)
Chapter 12. Company Profiles
12.1. Waste Management, Inc.
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Republic Services, Inc.
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Veolia Environnement S.A.
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Clean Harbors, Inc.
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Suez SA
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Biffa Group Limited
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Covanta Holding Corporation
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Renova AB
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Waste Connections, Inc.
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Stericycle, Inc.
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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