USD 2.4 Billion
Smart Waste Management Market Size, Share, Growth Analysis, By Waste Type (Solid, Special), By Method (Smart Collection, Smart Processing), By Source (Residential, Commercial), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG45E2268 |
Region:
Global |
Published Date: November, 2024
Pages:
171
|Tables:
90
|Figures:
71
Smart Waste Management Market Insights
Smart Waste Management Market size was valued at USD 3.08 Billion in 2023 and is poised to grow from USD 3.54 Billion in 2024 to USD 9.47 Billion by 2032, growing at a CAGR of 15.08% during the forecast period (2025-2032).
A significant growth in the global smart waste management market is predicted to be recorded in the coming years. Smart waste management" is the appropriate management of solid waste from streets, public spaces, business and residential communities, hospitals, among other institutions. With the introduction of advanced equipment such as real-time trash measuring vacuum cleaners, RFID, disposable tags, and containers, a huge market for solid waste management has now arisen. Improper handling of waste leads to serious environmental risks, including depleting oxygen and discovering hazardous substances in the atmosphere. Waste management is a new area because of the demand for a clean and sustainable environment. Smart waste management includes many financial advantages, which drive the growth of the market.
Several smart waste management techniques are being adopted by various businesses, IT companies, and others because of the force exercised by government environmental legislation and rising environmental awareness. In addition, technological advancements coupled with the increasing interest of businesses in treating waste as a way of optimizing the renewable advantages of trash is driving the smart waste management market. However, a rise in the volume of e-waste and disposable purchasing power of consumers at a global level is propelling the growth of the global market.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
solid waste
Fastest Growth
e-waste
Growth Rate
15.08%
Global Smart Waste Management Market ($ Bn)
Country Share for North America Region (%)
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Smart Waste Management Market Segmental Analysis
Global Smart Waste Management Market is segmented by Type, by Method, by Source and by Region. Based on Type, the market is segmented into Solid, Special, and E-Waste. Based on method, the market is segmented into Smart Collection, Smart Processing, Smart Energy Recovery, and Smart Disposal. Based on Source, the market is segmented into Residential, Commercial, and Industrial. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Waste Type
The solid waste segment generated from residential, commercial, and industrial operations retains a robust market share in the smart waste management industry. Significantly large amounts of municipal solid waste comprising organic materials, plastics, paper, and metals arise during routine operations. The efficient management of solid waste ensures urban sustainability, and, for this purpose, recycling programs and smart collection systems are now being adopted by cities. In addition, with the view of enhancing garbage collection and processing, the high operational costs, and lesser environmental impacts, advanced technologies such as data analytics and IoT-enabled bins are increasingly being used. Solving the issue of waste is a prime concern of the well urbanized society seeking cleaner and healthier lives.
In the smart waste management market, the e-waste segment is growing the fastest. This is driven by the fast multiplication of electronic devices, such as computers, cellphones, and other appliances. Sustainable recycling and methods of disposing are in dire need to diminish the amount of e-waste disposed of each year and ensure the protection of the environment. Governments and institutions have progressively implemented stricter regulations as people grow in knowledge of the harmful substances in e-waste. Effective e-waste handling requires the development of new and innovative technology and processing techniques including automated sorting and recovery systems. This makes significant evidence about the importance of managing electronic waste so that a possible future may be achieved.
Analysis by Source
The residential segment holds the market share of smart waste management and constitutes a large percentage of all waste generated by households. These recyclables, households garbage and organic wastes compose a large percentage of the local waste streams. The quantity of residential garbage still increases because there is ongoing urbanization and a growing population, and thus it needs to be managed in a better way than before. More curbside recycling and food waste composting programs and education campaigns for the community are on their way as communities try to change people's ways of disposing of trash. These programs show how there is an urgent need for smart garbage collection systems with digitization of the same to ensure maximum recycling, improved services, and decreased impacts on the environment.
The industrial waste segment has gained momentum in the smart waste management market due to better manufacturing and production processes. Individually, concerning regulations and customer demand, industries, especially those from the automotive, electronics, and construction segments, have more scope to be more liable with respect to giving due importance to sustainability and reduction in waste. In this expansion in focus, there has been this new demand for innovative waste management, recycling technologies, and green methods of disposal. Various enterprises are investing in circular economy strategies, which focus on waste reduction and resource recovery. The greater industry trend is a very conscious approach towards a more environmentally friendly approach but highlights the prominence of waste management within environmental stewardship and responsible business.
Global Smart Waste Management Market By Source
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Smart Waste Management Market Regional Insights
The North American market itself leads the smart waste management market and is expected to experience double-digit compound annual growth in the next several years. This growth comes mainly from heavy investments made in the development of advanced technologies in waste management. In this region, tremendous steps have been taken concerning technology and infrastructure after huge R&D efforts. The public and commercial sectors emphasize more on sustainability, improve the recycling initiatives, and utilize intelligent technology in handling and collecting garbage. North America stands tall for being a pioneer in smart waste management due to its dedication towards innovation, which also helps in providing safeguards to the environment.
Asia-Pacific is anticipated to have the most expansion in the market for smart waste management in the future years, considering the rapid progress in WTE and WTF. The processes of trash management in this region have undergone rapid changes due to increased awareness of the environmental risks associated with improper trash disposal. The increasing scarcity of land for waste disposal means governments and businesses need to look for alternative solutions that are more environmentally friendly. Smart technology adoption along with public initiatives improving the capacities of waste processing and recycling, is fast-tracking the growth in Asia-Pacific for smart waste management.
Global Smart Waste Management Market By Geography
- Largest
- Fastest
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Smart Waste Management Market Dynamics
Drivers
Technological Advancements
- The integration of smart technologies, such as IoT devices, artificial intelligence, and data analytics, brings a drastic increase in efficiency in trash collection, processing, and recycling. These technologies help monitor the garbage level in real time and enable improved collection routes that save on fuel usage and operation expenses. Furthermore, AI-based sorting systems ensure correct material sorting for reuse, thus increasing the accuracy of recycling processes. To improve service provision, minimize environmental impacts, and maximize operations, these innovations can be applied by trash management firms to make the smart trash management solutions more appealing to businesses and governments.
Rise in Environmental Awareness
- With greater awareness of public concerns over environmental issues surrounding waste management, better adoption of sustainable solutions is significantly improved. Greater demand for better practices arises since businesses and consumers now realize the havoc improper waste management poses to ecosystems and public health. The same information is translated into advocacy for trash-reduction tactics, composting programs, and recycling campaigns. Improved public demand by communities will challenge governments and businesses to invest in intelligent waste management systems. Meeting this need may help organizations enhance their corporate social responsibility profiles, thereby contributing to a more sustainable future.
Restraints
High Initial Investment Costs
- In some cases, implementing smart waste management solutions requires quite a high amount of investment in infrastructure, technology, and employee training. These investments are too expensive for many governments and small businesses, which prevents them from adopting up-to-date waste management solutions. Financial constraints would probably be one of the major issues in investing in such essential technologies as those relating to data analytics platforms, AI-driven sorting systems, and Internet of Things sensors. However, without these technologies, organizations may not be able to fully take advantage of the long-term cost savings and greater productivity that can be achieved with intelligent waste management systems. This would lead to thousands of potential adopters delaying or forgoing implementation, which would stop the industry's progress.
Regulatory Obstacles
- Waste management falls in an extremely regulated field and is very different from one place to another. It is difficult for businesses to venture into smart waste management systems, as the rules and regulations they must comply with are quite intricate. There may be rules that come in place in terms of recycling rate, landfill diversion, and hazardous waste disposal that impact the planning. In most cases, the additional resources needed to meet such stipulations make the process much more complicated. Hence, regulatory hurdles would only hinder the swift assimilation of new technology and, therefore, the overall smart waste management market growth.
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Smart Waste Management Market Competitive Landscape
The smart waste management market is fragmented. The massive increase in capabilities that smart connected things reveal can tempt manufacturers to outgain competitors by providing over-improved product functionality. The current circumstance increases costs and reduces the profitability of industry. Some of the major companies of the market are SAP SE, Veolia Environmental Services, Enevo, Waste Management Inc., and Bigbelly Inc.
Top Player’s Company Profile
- Waste Management Inc.
- Veolia Environnement S.A.
- SUEZ Environmental Services.
- IBM
- Civitas Solutions
- Bigbelly, Inc
- Enevo
- Waste Wise
- Kiverco
- Amarillo Waste Management
- Urbiotica
- Ecube Labs Co Ltd.
- Republic Services Inc
- Sensoneo J.s.a.
- Covanta Holding Corporation
Recent Developments
- October 2023: Veolia wins a record EUR 2 billion contract to manage the non-hazardous waste of the city, continuing its ecological transformation and resource regeneration in Hong Kong. With more than a thousand workers and over 30 years of experience, the Group accelerates the local ecological transition through local operations aimed at decarbonizing the city through several water, waste, and energy contracts.
- September 2023: WM opened an advanced recycling facility of 100,000 square feet in Cleveland, Ohio. The facility with new technology will process up to 420 tons of recyclables a day. The new recycling facility produced by WM forms top-quality materials, including the glass recovery equipment, optical sorter, non-wrapping screen, and ballistic separators, to serve clients who use recycled material as raw material for the creation of new products and for increasing the recycling programs in the area.
- April 2021: Veolia and SUEZ announced that the two companies agreed to a merger. The May 2021 timeframe had been established for this merger to occur.
Smart Waste Management Key Market Trends
- Circular Economy Initiatives: Many circular economy initiatives are gaining momentum as businesses and governments increasingly witness garbage not merely as something to get rid of but as a treasure worth harnessing. Such a paradigmatic shift encourages more sustainable resource management techniques that bring about recycling, reusing, and reducing waste output. This is based on the technology's ability to optimize trash sorting and increase recycling rates, thus making it easier for valuable materials to be recovered. Public awareness campaigns promote consumer involvement in these activities, hence increasing demand for ecologically friendly solutions. The all-encompassing strategy improves the environment while opening new commercial prospects through resource recovery and creative business models.
- Integration of Waste-to-Energy Solutions: Nations are opting for waste-to-energy solutions, and the garbage is being converted into environmentally friendly methods of disposing of rubbish. The superior technologies convert various wastes into useful energy, thus aiding to meet energy requirements while considerably minimizing dependence on landfills. WTE systems have the benefit of making a more circular economy by converting garbage into heat or energy and recovering waste resources instead of allowing them to be wasted. This limits the harmful impact of wastage on the environment and, therefore, this corresponds to international requirements for sustainability. Investments in WTE technologies are going to increase as governments and businesses begin focusing more on clean energy solutions considering easier access to a greener future with fewer emissions of greenhouse gases.
Smart Waste Management Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the smart waste management market is predicted to grow during the period of study due to adoption of the circular economy concept, expanding environmental awareness, and technological enhancements. Businesses and municipalities can also enhance the efficiency and sustainability of their operations with investments in cutting-edge solutions such as waste-to-energy technology and Internet of Things-enabled systems. The former issues of high initial costs and regulatory complexity are significant concerns that need to be addressed to ensure widespread adoption. Moreover, transitioning to smart waste management can be a steppingstone toward better adaptation towards more environmentally friendly impacts and more efficient usage of resources. It will be up to stakeholders and how they could engage with it to provide communities across the globe with a cleaner and more sustainable future.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 3.08 Billion |
| Market size value in 2032 | USD 9.47 Billion |
| Growth Rate | 15.08% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Smart Waste Management Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Smart Waste Management Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Smart Waste Management Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Smart Waste Management Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Smart Waste Management Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Smart Waste Management Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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