sales@intentmarketresearch.com

  +1 463-583-2713

Solid Waste Management Market By Waste Type (Municipal Solid Waste (MSW), Industrial Waste, Construction & Demolition Waste, Agricultural Waste, Biomedical Waste), By Service Type (Collection, Transportation, Processing, Landfilling), By Technology (Mechanical Biological Treatment (MBT), Anaerobic Digestion, Incineration, Pyrolysis & Gasification, Waste-to-Energy (WTE), Landfill Gas Recovery), and By Region; Global Insights & Forecast (2024 – 2030)

Published: November, 2024  
|   Report ID: CM3964  
|   Chemicals & Material

As per Intent Market Research, the Solid Waste Management Market was valued at USD 281.3 billion in 2023 and will surpass USD 367.2 billion by 2030; growing at a CAGR of 3.9% during 2024 - 2030. Governments and organizations are increasingly focusing on developing comprehensive waste management strategies, promoting recycling, and implementing innovative technologies to mitigate the environmental impact of waste.

The Solid Waste Management Market is witnessing significant growth, driven by the increasing urban population, rapid industrialization, and rising environmental concerns. As global waste generation continues to surge, effective waste management practices have become crucial for sustainability and public health.

The solid waste management sector encompasses various activities, including waste collection, transportation, treatment, and disposal. Technological advancements, regulatory frameworks, and public awareness initiatives are driving the demand for efficient waste management solutions. This overview will explore the largest and fastest-growing subsegments within the solid waste management market, highlight key regional trends, and provide insights into the competitive landscape dominated by leading industry players.

Municipal Solid Waste (MSW) Segment is Largest Owing to Urbanization and Population Growth

The Municipal Solid Waste (MSW) segment is the largest component of the solid waste management market, primarily driven by rapid urbanization and population growth. As cities expand, the volume of waste generated by households and businesses increases significantly. MSW encompasses a wide range of materials, including food waste, plastics, paper, and metals, necessitating effective management practices to ensure environmental sustainability. The growing awareness of waste management issues has led to the implementation of stricter regulations and standards, prompting municipalities to invest in comprehensive waste collection, recycling, and disposal systems.

Moreover, the push towards recycling and waste-to-energy initiatives has transformed the way MSW is managed. Advanced technologies and integrated waste management systems are being adopted to improve the efficiency of waste collection and processing. Governments are increasingly promoting public-private partnerships to enhance the management of MSW, which further drives the growth of this segment. As urban areas continue to expand and the population grows, the demand for effective MSW management solutions is expected to rise, solidifying its position as the largest segment in the solid waste management market.

Solid Waste Management Market share by region

Recycling Segment is Fastest Growing Owing to Sustainability Initiatives

The Recycling segment is the fastest-growing area within the solid waste management market, fueled by an increasing emphasis on sustainability and circular economy initiatives. As environmental concerns escalate, governments and organizations are prioritizing recycling programs to reduce landfill waste and promote the reuse of materials. The growing consumer awareness of sustainability issues has led to a higher demand for recycled products, further driving the growth of this segment. Innovative recycling technologies and processes, such as advanced sorting systems and chemical recycling, are being developed to improve the efficiency and effectiveness of recycling operations.

Additionally, regulations aimed at reducing single-use plastics and promoting material recovery are encouraging businesses to adopt recycling practices. The push towards a circular economy, where waste materials are reintroduced into production cycles, is creating new opportunities in the recycling sector. This trend is particularly prominent in developed regions, where initiatives to increase recycling rates and reduce carbon footprints are gaining momentum. As the recycling segment continues to evolve and expand, it is expected to play a pivotal role in the overall growth of the solid waste management market.

Hazardous Waste Management Segment is Largest Owing to Strict Regulatory Frameworks

The Hazardous Waste Management segment constitutes a significant portion of the solid waste management market, driven by stringent regulatory frameworks and the need to manage waste that poses a threat to human health and the environment. Hazardous waste includes materials that are flammable, corrosive, reactive, or toxic, and their proper management is critical to mitigate potential risks. Governments around the world have implemented strict regulations governing the handling, treatment, and disposal of hazardous waste, compelling industries to invest in compliant waste management solutions.

The rising industrial activities and the increasing production of hazardous waste in sectors such as manufacturing, healthcare, and chemical processing are propelling the demand for effective hazardous waste management services. Advanced treatment technologies, such as incineration, chemical neutralization, and landfill management, are being utilized to ensure safe disposal. Furthermore, the growing awareness of the environmental impact of hazardous waste is prompting businesses to adopt sustainable practices and invest in innovative waste management solutions. As regulatory pressures intensify, the hazardous waste management segment is expected to maintain its significance within the solid waste management market.

Asia Pacific Region is Fastest Growing Owing to Rapid Urbanization and Industrialization

The Asia Pacific region is recognized as the fastest-growing market for solid waste management, driven by rapid urbanization, population growth, and industrialization. Countries like China, India, and Indonesia are experiencing significant increases in waste generation due to their burgeoning populations and expanding economies. The demand for effective waste management solutions is rising as urban areas continue to develop, leading to the implementation of comprehensive waste management strategies by governments and local authorities.

Additionally, increasing public awareness of environmental issues and government initiatives aimed at promoting recycling and waste reduction are further driving growth in this region. Investments in infrastructure and technology are being made to enhance waste collection, treatment, and recycling capabilities. As the Asia Pacific region continues to urbanize and industrialize, the solid waste management market is expected to witness substantial growth, presenting opportunities for both local and global players.

Solid Waste Management Market share by waste type

Competitive Landscape and Leading Companies

The solid waste management market is characterized by a competitive landscape featuring numerous players focused on innovation, efficiency, and sustainability. Leading companies in this sector are continually striving to enhance their service offerings and expand their market presence through strategic partnerships, mergers, and acquisitions. The competitive dynamics are shaped by regulatory requirements, technological advancements, and evolving consumer preferences.

Some of the top companies in the solid waste management market include:

  1. Waste Management, Inc.
  2. Republic Services, Inc.
  3. Veolia Environnement S.A.
  4. SUEZ Recycling and Recovery
  5. Clean Harbors, Inc.
  6. Biffa PLC
  7. Covanta Holding Corporation
  8. Advanced Disposal Services, Inc.
  9. Stericycle, Inc.
  10. FCC Environment

These companies leverage their extensive expertise and technological capabilities to provide comprehensive waste management solutions tailored to diverse customer needs. Their focus on sustainability and innovation positions them as key players in shaping the future of the solid waste management market. As the industry evolves, these companies are expected to play a pivotal role in driving effective waste management practices and addressing the growing challenges of solid waste disposal and recycling.

Report Objectives:

The report will help you answer some of the most critical questions in the Solid Waste Management Market. A few of them are as follows:

  1. What are the key drivers, restraints, opportunities, and challenges influencing the market growth?
  2. What are the prevailing technology trends in the Solid Waste Management Market?
  3. What is the size of the Solid Waste Management Market based on segments, sub-segments, and regions?
  4. What is the size of different market segments across key regions: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa?
  5. What are the market opportunities for stakeholders after analyzing key market trends?
  6. Who are the leading market players and what are their market share and core competencies?
  7. What is the degree of competition in the market and what are the key growth strategies adopted by leading players?
  8. What is the competitive landscape of the market, including market share analysis, revenue analysis, and a ranking of key players?

Report Scope:

Report Features

Description

Market Size (2023)

USD 281.3 billion

Forecasted Value (2030)

USD 367.2 billion

CAGR (2024 – 2030)

3.9%

Base Year for Estimation

2023

Historic Year

2022

Forecast Period

2024 – 2030

Report Coverage

Market Forecast, Market Dynamics, Competitive Landscape, Recent Developments

Segments Covered

Solid Waste Management Market By Waste Type (Municipal Solid Waste (MSW), Industrial Waste, Construction & Demolition Waste, Agricultural Waste, Biomedical Waste), By Service Type (Collection, Transportation, Processing, Landfilling), and By Technology (Mechanical Biological Treatment (MBT), Anaerobic Digestion, Incineration, Pyrolysis & Gasification, Waste-to-Energy (WTE), Landfill Gas Recovery)

Regional Analysis

North America (US, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Australia, India, and Rest of Asia-Pacific), Latin America (Brazil, Argentina, and Rest of Latin America), Middle East & Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)

1. Introduction

   1.1. Market Definition

   1.2. Scope of the Study

   1.3. Research Assumptions

   1.4. Study Limitations

2. Research Methodology

   2.1. Research Approach

      2.1.1. Top-Down Method

      2.1.2. Bottom-Up Method

      2.1.3. Factor Impact Analysis

  2.2. Insights & Data Collection Process

      2.2.1. Secondary Research

      2.2.2. Primary Research

   2.3. Data Mining Process

      2.3.1. Data Analysis

      2.3.2. Data Validation and Revalidation

      2.3.3. Data Triangulation

3. Executive Summary

   3.1. Major Markets & Segments

   3.2. Highest Growing Regions and Respective Countries

   3.3. Impact of Growth Drivers & Inhibitors

   3.4. Regulatory Overview by Country

4. Solid Waste Management Market, by Waste Type (Market Size & Forecast: USD Million, 2022 – 2030)

   4.1. Municipal Solid Waste (MSW)

   4.2. Industrial Waste

   4.3. Construction & Demolition Waste

   4.4. Agricultural Waste

   4.5. Biomedical Waste

   4.6. Others

5. Solid Waste Management Market, by Service Type (Market Size & Forecast: USD Million, 2022 – 2030)

   5.1. Collection

   5.2. Transportation

   5.3. Processing

   5.4. Landfilling

6. Solid Waste Management Market, by Technology (Market Size & Forecast: USD Million, 2022 – 2030)

   6.1. Mechanical Biological Treatment (MBT)

   6.2. Anaerobic Digestion

   6.3. Incineration

   6.4. Pyrolysis & Gasification

   6.5. Waste-to-Energy (WTE)

   6.6. Landfill Gas Recovery

7. Regional Analysis (Market Size & Forecast: USD Million, 2022 – 2030)

   7.1. Regional Overview

   7.2. North America

      7.2.1. Regional Trends & Growth Drivers

      7.2.2. Barriers & Challenges

      7.2.3. Opportunities

      7.2.4. Factor Impact Analysis

      7.2.5. Technology Trends

      7.2.6. North America Solid Waste Management Market, by Waste Type

      7.2.7. North America Solid Waste Management Market, by Service Type

      7.2.8. North America Solid Waste Management Market, by Technology

      7.2.9. By Country

         7.2.9.1. US

               7.2.9.1.1. US Solid Waste Management Market, by Waste Type

               7.2.9.1.2. US Solid Waste Management Market, by Service Type

               7.2.9.1.3. US Solid Waste Management Market, by Technology

         7.2.9.2. Canada

         7.2.9.3. Mexico

         *Similar segmentation will be provided for each region and country

   7.3. Europe

   7.4. Asia-Pacific

   7.5. Latin America

   7.6. Middle East & Africa

8. Competitive Landscape

   8.1. Overview of the Key Players

   8.2. Competitive Ecosystem

      8.2.1. Level of Fragmentation

      8.2.2. Market Consolidation

      8.2.3. Product Innovation

   8.3. Company Share Analysis

   8.4. Company Benchmarking Matrix

      8.4.1. Strategic Overview

      8.4.2. Product Innovations

   8.5. Start-up Ecosystem

   8.6. Strategic Competitive Insights/ Customer Imperatives

   8.7. ESG Matrix/ Sustainability Matrix

   8.8. Manufacturing Network

      8.8.1. Locations

      8.8.2. Supply Chain and Logistics

      8.8.3. Product Flexibility/Customization

      8.8.4. Digital Transformation and Connectivity

      8.8.5. Environmental and Regulatory Compliance

   8.9. Technology Readiness Level Matrix

   8.10. Technology Maturity Curve

   8.11. Buying Criteria

9. Company Profiles

   9.1. Advanced Disposal Services

      9.1.1. Company Overview

      9.1.2. Company Financials

      9.1.3. Product/Service Portfolio

      9.1.4. Recent Developments

      9.1.5. IMR Analysis

      *Similar information will be provided for other companies 

   9.2. Biffa Group

   9.3. Clean Harbors

   9.4. Covanta

   9.5. FCC Environment

   9.6. GFL Environmental

   9.7. Hitachi Zosen

   9.8. Keppel Seghers

   9.9. Remondis

   9.10. Renewi PLC

   9.11. Republic Services

   9.12. Stericycle

   9.13. SUEZ Group

   9.14. Veolia

   9.15. Waste Management, Inc.

10. Appendix

 

Let us connect with you TOC

I have read the Terms & Conditions and Privacy Policy I agree to its terms

A comprehensive market research approach was employed to gather and analyze data on the Solid Waste Management Market. In the process, the analysis was also done to analyze the parent market and relevant adjacencies to measure the impact of them on the Solid Waste Management Market. The research methodology encompassed both secondary and primary research techniques, ensuring the accuracy and credibility of the findings.

Research Approach - Solid Waste Management Market

Secondary Research

Secondary research involved a thorough review of pertinent industry reports, journals, articles, and publications. Additionally, annual reports, press releases, and investor presentations of industry players were scrutinized to gain insights into their market positioning and strategies.

Primary Research

Primary research involved conducting in-depth interviews with industry experts, stakeholders, and market participants across the Solid Waste Management ecosystem. The primary research objectives included:

  • Validating findings and assumptions derived from secondary research
  • Gathering qualitative and quantitative data on market trends, drivers, and challenges
  • Understanding the demand-side dynamics, encompassing end-users, component manufacturers, facility providers, and service providers
  • Assessing the supply-side landscape, including technological advancements and recent developments

Market Size Assessment

A combination of top-down and bottom-up approaches was utilized to analyze the overall size of the Solid Waste Management Market. These methods were also employed to assess the size of various subsegments within the market. The market size assessment methodology encompassed the following steps:

  1. Identification of key industry players and relevant revenues through extensive secondary research
  2. Determination of the industry's supply chain and market size, in terms of value, through primary and secondary research processes
  3. Calculation of percentage shares, splits, and breakdowns using secondary sources and verification through primary sources

Bottom Up and Top Down - Solid Waste Management Market

Data Triangulation

To ensure the accuracy and reliability of the market size, data triangulation was implemented. This involved cross-referencing data from various sources, including demand and supply side factors, market trends, and expert opinions. Additionally, top-down and bottom-up approaches were employed to validate the market size assessment.

Let us connect with you


I have read the Terms & Conditions and Privacy Policy I agree to its terms
Available Formats
REPORT BUYING OPTIONS


Buy Now