June 22, 2024

Solid Waste Management Market Size To Hit USD 403.55 Bn By 2032

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.

Solid Waste Management Market Revenue 2023 To 2032

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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