$703.9 Billion Value Forecast for Waste Management by 2030
Meticulous Research®, a leading global market research company, has unveiled a 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.”
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The report forecasts that the waste management market will grow to $703.9 billion by 2030, at a CAGR of 4.9% during the forecast period. Growth drivers include stringent government regulations on waste management, increased consumer awareness about environmental protection, and the adoption of advanced smart waste management technologies. Additionally, innovations in waste management devices and initiatives for managing E-waste are expected to fuel market expansion.
Nevertheless, high capital investment requirements and the lack of effective disposal systems in ASEAN countries, along with high recycling costs for electronic waste, are major challenges. Advancements in waste-to-energy technology and the adoption of intelligent waste management solutions are key trends in the industry.
The market is segmented by waste type, management method, and source, with a detailed analysis of competitors and regional markets provided.
Waste types include hazardous waste, industrial waste, municipal solid waste, E-waste, plastic waste, biomedical waste, and others. The hazardous waste segment is expected to hold the largest market share in 2024, driven by factors such as population growth and increased hazardous components in waste.
For waste management methods, the market is divided into landfilling, recycling, incineration, biological reprocessing, waste-to-energy, and other techniques. The landfilling segment is anticipated to lead in 2024 due to its effectiveness in waste disposal and environmental protection.
The market is also segmented by source into residential, commercial, municipal, and industrial sectors, with the industrial segment further divided into specific industries like food & beverage, automotive, electronics, and others. The residential segment is expected to dominate the market in 2024 due to changes in population and consumption patterns.
Geographically, the market covers North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to be the largest market in 2024, with North America, Europe, Latin America, and the Middle East & Africa following. The region’s growth is supported by technological advancements and government 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).
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?
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