Projected $703.9 Billion Worth for Waste Management Market by 2030

Rajul123

posted on 2 months ago — updated on 1 second ago

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By 2030, the waste management market is projected to achieve a value of $703.9 billion, with an annual growth rate of 4.9% from 2023.

Meticulous Research®, a globally recognized market research firm, has recently released its report titled, “Waste Management Market by Waste Type (Hazardous, Industrial, E-waste), Waste Management Method (Landfilling, Recycling, Incineration), and Source (Residential, Commercial, Municipal, Industrial) – Global Forecast to 2030.”

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5583

According to Meticulous Research®, the global waste management market is anticipated to reach $703.9 billion by 2030, growing at a CAGR of 4.9% over the forecast period. Key factors contributing to this growth include stringent government regulations, increased public awareness around environmental sustainability, and the expanding use of advanced smart waste management technologies. In addition, innovations in waste management technology and increasing focus on e-waste solutions present new growth opportunities for the market.

Despite these growth drivers, the sector faces challenges, primarily due to the significant capital investment required. The lack of a standardized disposal infrastructure, particularly in ASEAN countries, and the high costs associated with recycling electronic devices are additional hurdles. Nonetheless, progress in waste-to-energy technology and the rising use of intelligent waste management systems represent notable trends shaping the industry’s future.

The waste management market is segmented based on waste type, management methods, and source categories. This comprehensive report also assesses major industry players and provides a regional and country-level market analysis.

· Waste Type Segmentation: The waste management market is categorized into hazardous waste, industrial waste, municipal solid waste, e-waste, plastic waste, biomedical waste, and other waste. In 2024, the hazardous waste segment is expected to dominate, owing to increased demand for goods and services due to population growth, the expansion of chemical product trade, heightened use of oils and pesticides, and a rise in hazardous components within household waste.

· Waste Management Method Segmentation: Key waste management methods include landfilling, recycling, incineration, biological reprocessing, waste-to-energy, and other techniques. The landfilling segment is projected to hold the largest market share in 2024. This dominance is attributed to rising awareness about proper waste disposal practices and the benefits of engineered landfill sites, which offer environmental safeguards and monitor potential contaminants, supporting public health.

· Source Segmentation: The market segments based on source include residential, commercial, municipal, and industrial waste, with the industrial segment further divided into sectors such as food & beverage, automotive, semiconductor & electronics, BFSI, aerospace & defense, machinery & metal, and pharmaceuticals. In 2024, the residential segment is anticipated to command the largest share due to urbanization, shifts in lifestyle, and the evolution of household consumption patterns.

· Geographical Segmentation: The regional analysis segments the market into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest market share, driven by rapid technological advancements, government initiatives supporting zero-waste goals, and efforts to raise public awareness on waste management practices across the region.

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).

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/waste-management-market-5583

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?