Waste Management Market Size Worth $1,685.5 Billion by 2030: Grand View Research, Inc.

SAN FRANCISCO, April 5, 2022 /PRNewswire/ -- The global waste management market size is expected to reach USD 1,685.5 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.2% from 2022 to 2030. Proactive government measures to decrease illegal dumping and the rising adoption of waste-to-energy (WTE) incineration and recycling techniques are anticipated to boost the market growth.

Rapid industrialization in developing countries such as India and China generates waste and causes pollution by the end-use industries. Rising environmental awareness regarding renewable waste management among individuals and increasing CO2 emissions across the globe are expected to have a positive impact on the market growth over the forecast period.

Key Insights & Findings from the report:

• The disposal service type segment is expected to expand at the highest CAGR of 7.1% from 2022 to 2030 as the sustainable methods of disposal reduce pollution and recycled materials can also be used in various end-use industries.
• The industrial waste type segment accounted for the largest revenue share of over 50.0% in 2021 owing to the increasing generation of waste from several end-use industries such as oil & gas, chemical, construction, and electronics.
• Asia Pacific held the largest revenue share of over 40.0% in 2021 on account of the rising adoption of various waste management techniques for limiting the environmental degradation in the region.
• India is estimated to expand at a lucrative CAGR of 7.2% from 2022 to 2030, in terms of revenue, on account of the rising awareness regarding health hazards and diseases caused by improper waste disposal in the country.
• In May 2021, SUEZ entered into a partnership with Eramet, a key manufacturer in the extraction and valorization of metals, to offer a sustainable and high-performance battery recycling solution for the European market.

Read 127-page market research report, "Waste Management Market Size, Share & Trends Analysis Report By Service Type (Collection, Transportation, Disposal), By Waste Type (Industrial Waste, E-waste), By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research.

Waste Management Market Growth & Trends

The adoption of plastics in packaging, consumer goods, transportation, electrical/electronic, and machinery manufacturing industries is witnessing significant growth. Rising demand for consumer electronics such as mobiles, which are typically composed of 40% plastic, PCs/laptops, washing machines, and dishwashers is expected to boost the market growth.

The demand for electronic products is rising rapidly globally, resulting in the increased generation of e-waste. The electronics companies are focusing on the usage of recycled material for production to limit the environmental degradation caused by e-waste. The rising demand for recycled materials from the electronics industry is expected to foster market growth.

The governments of various countries have introduced regulations regarding the effective disposal of wastes such as the landfill directive (1999/31/EC) standards for landfills announced by the European Union. The rising adoption of these regulations is expected to enhance sustainable waste management practices including recycling and anaerobic digestion, thereby fueling the market growth.

Companies are focusing on mergers and acquisitions to increase the consumer base and expand their geographical presence. For instance, in October 2020, Waste Management acquired Advanced Disposal Services, providing waste management services to around new 3 million residential, industrial, and commercial customers in the U.S.

Waste Management Market Segmentation

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

Waste Management Service Type Outlook (Revenue, USD Million, 2017 - 2030)

• Collection
• Transportation
• Disposal
• Open Dumping
• Incineration/Combustion
• Landfill
• Recycling
• Composting
• Others

Waste Management Waste Type Outlook (Revenue, USD Million, 2017 - 2030)

• Urban Waste
• Solid Waste
• Liquid Waste
• Industrial Waste
• Solid Waste
• Liquid Waste
• Biomedical Waste
• E-waste

Waste Management Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Italy
• Spain
• Asia Pacific
• China
• India
• Japan
• South Korea
• Latin America
• Brazil
• Argentina
• Middle East & Africa
• Saudi Arabia
• South Africa

List of Key Players in Waste Management Market

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

Check out more related studies published by Grand View Research:

• Food Waste Management Market - The global food waste management market size is expected to reach USD 52.03 billion by 2027, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 5.4% over the forecast period. Stringent government regulations across various countries to control the amount of food waste generated and the adoption of proper waste disposal techniques are likely to drive market growth.
• E-waste Management Market - The global e-waste market generated is expected to reach 63.705 million metric Tons by 2025, according to a study conducted by Grand View Research, Inc. The rising disposable income in developing countries coupled with consumer's inclination toward technologically advanced gadgets have resulted in the significant sales of electronic devices across the globe, thereby driving the e-waste management market.
• Liquid Waste Management Market - The global liquid waste management market size is expected to reach USD 117.3 billion by 2025, expanding at a CAGR of 3.8%, according to a new report by Grand View Research, Inc. Increase in the number of water-borne diseases has resulted in a rise in toxicity and safety concerns across the globe, which has emerged as a key factor driving the market.

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

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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