Growth Forecast: Waste Management Market to Total $703.9 Billion by 2030
Meticulous Research®, a leading global market research company, has published a detailed report titled, “Waste Management Market by Waste Type (Hazardous Waste, Industrial Waste, E-waste), Waste Management Method (Landfilling, Recycling, Incineration), and Source (Residential, Commercial, Municipal, and Industrial) - Global Forecast to 2030.”
The report reveals that the waste management market is projected to reach $703.9 billion by 2030, growing at a CAGR of 4.9% from 2024 to 2030. This growth is attributed to the implementation of stringent government regulations, heightened consumer awareness regarding environmental issues, and the increasing adoption of smart waste management technologies. Additionally, advancements in waste management technology and the rise of E-waste management initiatives are expected to drive market expansion.
However, challenges such as the need for substantial capital investments and inefficiencies in disposal systems in ASEAN markets, as well as the high costs of recycling electronic devices, are restraining market growth. Conversely, trends such as waste-to-energy technology advancements and the rise of intelligent waste management solutions are shaping the market landscape.
The waste management market is segmented by waste type, management method, and source, with a detailed analysis of competitors and regional markets.
For waste types, the market includes hazardous waste, industrial waste, municipal solid waste, E-waste, plastic waste, biomedical waste, and others. The hazardous waste segment is expected to be the largest in 2024, driven by factors like population growth, increased industrial activity, and a rise in hazardous components in household waste.
In terms of management methods, the market is divided into landfilling, recycling, incineration, biological reprocessing, waste-to-energy, and other methods. Landfilling is anticipated to hold the largest market share in 2024 due to its effective waste disposal capabilities and environmental protection benefits.
The market is also segmented by source into residential, commercial, municipal, and industrial categories, with industrial further segmented into specific industries like food & beverage, automotive, electronics, and more. The residential segment is projected to be the largest in 2024, driven by population growth, urbanization, and evolving consumption patterns.
Geographically, the report covers North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to lead the market in 2024, followed by North America, Europe, Latin America, and the Middle East & Africa. The region’s growth is fueled by technological advancements and government-led zero waste initiatives.
Key Players:
The key players operating in the waste management market are Advanced Disposal Services, Inc. (U.S.), Biffa Group (U.K.), Clean Harbors, Inc. (U.S.), Covanta Holding Corporation (U.S.), Hitachi Zosen Corporation (Japan), Remondis AG & Co. Kg (Germany), Suez Environment S.A (France), Veolia Environment S.A (France), Waste Management Inc. (U.S.), Republic Services, Inc. (U.S.), Waste Connections, Inc. (U.S.), GFL Environmental Inc. (U.S.), Stericycle, Inc. (U.S.), Casella Waste Systems, Inc. (U.S.), and Bingo Industries Limited (Australia).
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Key questions answered in the report-
Which are the high-growth market segments based on waste type, waste management method, source, and geography?
What was the historical market for the waste management market?
What are the market forecasts and estimates for the period 2024–2030?
What are the major drivers, restraints, opportunities, challenges, and trends in the waste management market?
Who are the major players, and what shares do they hold in the waste management market?
How is the competitive landscape in the waste management market?
What are the recent developments in the waste management market?
What strategies are adopted by the major players in the waste management market?
What are the key geographic trends, and which are the high-growth countries?
Who are the local emerging players in the global waste management market, and how do they compete with the other players?
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