Waste Management Market Size, Share, Growth Analysis, By Waste Type (Non-hazardous Industrial Waste, Construction & Demolition Waste, Municipal Solid Waste, Hazardous Waste), By Disposable Method (Open Dumping, Landfill, Recycling, Incineration/Combustion), By Source (Residential (Urban, Rural), Commercial (Offices and Retail Stores, Hospitals), By Region - Industry Forecast 2025-2032

Report ID: SQMIG15A2139 | Region: Global | Published Date: August, 2024
Pages: 157 | Tables: 95 | Figures: 76

Waste Management Market News

in Waste Management Industry

In May 2024, a new waste management software was launched in the North American market to simplify and automate waste management operations. ISB Global was behind the launch of Waste and Recycling One (WR1) software that helps waste management operators optimize their business model.
A new waste management project was launched in Karnataka, India, through a collaboration between Xiaomi and Stonesoup Trust in January 2024. The program was intended to promote sustainable waste management practices and help manage waste locally.

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Global Waste Management Market size was valued at USD 1.29 Trillion in 2022 and is expected to grow from USD 1.36 Trillion in 2023 to USD 2.07 Trillion by 2031 at a CAGR of 5.4% during the forecast period (2024-2031).

Creating waste management solutions that are easily scalable and flexible to adapt to changes is projected to be the prime focus of waste management companies. Collaborating with the government and non-profit organizations to boost awareness regarding waste management will also be a key strategy for new and established waste management providers. Use of advanced technologies to simplify waste management and integration of recycling services with waste management will also create new business scope going forward. 'Waste Management Inc. (US)', 'Veolia Environnement S.A. (France)', 'Republic Services, Inc. (US)', 'Clean Harbors, Inc. (US)', 'Waste Connections, Inc. (Canada)', 'Stericycle, Inc. (US)', 'Biffa Group Limited (UK)', 'Remondis AG & Co. Kg (Germany)', 'Casella Waste Systems, Inc. (US)', 'Covanta Holding Corporation (US)', 'FCC Environment (Spain)', 'Waste Industries (US)', 'Renewi plc (Netherlands)', 'Hitachi Zosen Corporation (Japan)', 'China Everbright International Limited (China)', 'Newater Technology, Inc. (Singapore)', 'GFL Environmental Inc. (Canada)', 'BINGO INDUSTRIES (Australia)', 'URBASER (Spain)', 'DAISEKI CO., LTD (Japan)'

Rapidly increasing global population has led to robust urbanization, increasing the amount of waste produced worldwide. This increased waste and rising awareness regarding hazards of ill management of the same are driving up the demand for better waste management services and solutions going forward.

Circular economy is emerging as a major trend around the world and almost all governments and organizations are expected to turn towards this sooner or later. Crafting waste management solutions with circular economy in mind will pay off big time for market players looking to make a mark in the long run.

The Asia-Pacific region dominates the global waste management market share owing to the presence of a massive population base and growing urbanization. Growing awareness regarding proper waste management among people in this region and the imposition of strict mandates to manage waste disposal are also expected to contribute to the region’s high market share. India and China remain at the forefront of waste management adoption owing to growing waste volumes. Launch of government initiatives and incentives to promote waste management will also augment market development potential going forward.

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