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Waste Management Market Forecasts to 2028 – Global Analysis By Waste Type (Hazardous Waste, Municipal Waste, Industrial Waste, Bio-medical, E-waste), Service (Collection Service, Disposal Service) and By Geography
Estimated Year Value (2021)
US $423.40 BN
Projected Year Value (2028)
US $684.35 BN
CAGR (2021 - 2028)
North America, Europe, Asia Pacific, South America, and Middle East & Africa
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa
Highest Growing Market
According to Stratistics MRC, the Global Waste Management Market is accounted for $423.40 billion in 2021 and is expected to reach $684.35 billion by 2028 growing at a CAGR of 7.1% during the forecast period. Waste management is the collection, transportation and disposable of garbage, sewage, and other waste products. It involves treating solid waste and disposing unwanted products and substances in a safe and efficient manner. Waste management includes all types of waste including solid, liquid, or gas. Waste management deals with municipal, industrial, and hazardous waste.
An electronic product comes to a recycling stage either due to the end of its life cycle, technological advances, or changing requirements of consumers. Rapid advancements in technology result in new electronic products and upgraded versions of the existing products, such as laptops, mobile phones, and televisions. Similarly, increasing buying power of individuals leads to a decrease in the shelf life of electronic products. New versions of mobiles and other electronic products are being launched every year; the older versions are either being thrown away or are sold via websites for the purpose of reuse. Thus, with the shrinking life cycle of electronic products, more and more e-waste is generated. This accumulation of electronic waste triggers the need to recycle electronic products, which, in turn, drives the need for electronic waste management, subsequently boosting the growth of the overall waste management market.
Lack of proper facilities for waste collection
Proper waste collection and segregation are critical for recycling waste and plastic products or any other items such as paper, metals, and wood products. Inappropriate disposal of waste poses a big threat to municipalities and other concerned bodies involved in waste management. Improper disposal of waste can greatly affect the health of the population living nearby the polluted area or landfills. Exposure to improperly handled wastes can cause skin irritations, blood infections, respiratory problems, growth problems, and even reproductive issues. Countries such as Egypt, Turkey, South Africa, Nigeria, Brazil, as well as Middle Eastern countries are yet to standardize and organize the waste management framework, which is causing improper handling of waste materials to a large extent. The segregation of different types of waste should take place at the source level, which would help recover a good amount of recyclable waste and would reduce the total effort and time. The major problems affecting solid waste management are unscientific treatment, improper collection of waste, and ethical problems such as dumping e-waste. This, in turn, leads to hazards such as environmental degradation, water pollution, soil pollution, and air pollution, restraining the growth of the waste management market.
Increasing number of construction projects
Increasing construction activities create a substantial amount of construction-related waste that is removed from the waste stream through a process called diversion. Diverted materials are sorted for subsequent recycling, and in some cases, they are reused. Volumes of building-related waste generated are significantly influenced by macroeconomic conditions affecting construction, societal consumption trends, and natural and anthropogenic hazards. In recent years, awareness regarding the disposal and reuse of construction material has resulted in a reduction in volumes of construction and demolition waste disposed of in landfills. Many opportunities exist for the significant reduction and recovery of materials that would otherwise be destined for disposal as waste.
High cost of recycling
The problem associated with recycling plastic is the generation of a pure stream of recycled material. PET plastics do not have a residual value. However, they can be recycled into other products, such as new containers and fleece clothing. Several additives are added while manufacturing plastic products; some of these are fillers and colorants. The recycling companies are not usually aware of what is added to plastic, which affects the recycling of plastic products. Separating plastic from various types of waste streams is a problematic process in energy recovery through different thermochemical processes. The sorting of plastics is an essential step in different waste management techniques. Moreover, the sorting and separating of plastic are highly labor-intensive and expensive compared to the manufacturing of new plastic from petrochemicals, which is quite cheaper or economical.
The E-waste segment is expected to be the largest during the forecast period
E-waste includes electrically powered component waste. They include appliances such as computers, consumer electronics, and refrigerators. E-waste is a mixture of useful and hazardous materials that demand careful handling and recycling of materials. Thus, e-waste management has gained importance globally to secure the environment from the adverse effects of the materials such as lead and plastics. The recycled material is used to make next-generation goods. The market for waste segment is driven by the rapid urbanization, transforming urban mobility, and increased need to reduce carbon emissions offered by the segment.
The residential segment is expected to have the highest CAGR during the forecast period
Ever-increasing population and significant solid waste generation are expected to drive demand for waste management services from residential segment. Waste generated from residential end users can be used for generating energy through waste-to-energy plants by burning solid waste to produce steam in a boiler and can also be is used to generate electricity.
Region with largest share:
Asia Pacific is projected to hold the largest market share owing to the population growth in the region, the high disposable income of the people, and the increased demand for packaged food products. Asia Pacific is also a key contributor to marine plastic pollution. The materials involved include plastic bottles, plastic bags, single-use plastic items, and plastic packaging, among others. Key countries responsible for this kind of pollution include China, Indonesia, and Thailand. In addition, the rise in well-being and prosperity of urban residents is linked closely to increased consumption and production patterns with consequences for waste streams. Increased municipal solid waste is particularly noticeable in low- and middle-income countries. In these countries, the rate of waste generation has risen quickly and is expected to accelerate over the next decade and beyond.
Region with highest CAGR:
Europe is projected to have the highest CAGR due to the owing to existence of well-developed infrastructure and presence of various end-user industries in the region. Increasing awareness regarding positive impact of waste minimization and recycling on environment is supporting market growth in the region. Growing plastic packaging industry, increasing focus on plastic recycling, and growing waste generation from healthcare facilities are also driving the European market during the forecast period.
Key players in the market
Some of the key players profiled in the Waste Management Market include Hitachi Zosen Corporation, Advanced Disposal Services, Covanta Holding Corporation, Biffa Group, Suez Environment S.A., Veolia Environment S.A., Daiseki Co. Ltd, Clean Harbors Inc, Republic Services, Remondis AG & Co. Kg, Biomedical Waste Solutions, Waste Management Inc, Urbaser,
Waste Connections, and FCC Environment.
In May 2021: SUEZ signed an agreement with Eramet, a key player in the extraction and valorization of metals, to expand joint efforts in the area of recycling end-of-life electric vehicle batteries. This partnership is intended to offer a high-performance, competitive and sustainable battery recycling solution for the European market.
In March 2021: Veolia partnered with Groupe Renault, an automobile manufacturer producing a range of cars and vans, and Solvay, a manufactures of chemicals and plastics, to enable the circular economy of EV battery metals in Europe through closed-loop recycling.
In February 2021: Biffa group announced the acquisition of Company Shop Group (‘CSG’), the UK’s leading and largest redistributor of surplus food and household products.
In October 2020: Waste Management acquired Advanced Disposal Services, a solid waste management company. This acquisition allowed Waste Management to deliver unparalleled access to differentiated, sustainable waste management and recycling services to approximately 3 million new commercial, residential, and industrial customers, primarily located in 16 states in the eastern half of the US.
In December 2019: Waste Connections announced the closure of acquisitions during the fourth quarter in annualized revenues. The completed acquisitions include a new market entry solid waste collection and recycling acquisition in South Central Pennsylvania and tuck-in acquisitions to existing operations in Alaska, Illinois, New York, and Tennessee.
Waste Types Covered:
• Hazardous Waste
• Municipal Waste
• Industrial Waste
• Collection Service
• Disposal Service
End Users Covered:
• Oil and Gas
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
3 Market Trend Analysis
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Waste Management Market, By Waste Type
5.2 Hazardous Waste
5.3 Municipal Waste
5.4 Industrial Waste
6 Global Waste Management Market, By Service
6.2 Collection Service
6.2.1 Collection & Transportation
6.2.3 Storage & Handling
6.3 Disposal Service
6.3.1 Composting & Anaerobic Digestion
6.3.2 Open Dumping & Landfills
7 Global Waste Management Market, By Application
7.2.1 Households (Direct to Customer)
7.2.2 Societies/Home Associations
7.2.4 Property Management
7.3.2 Government Offices
7.3.3 Education and Healthcare Facilities
7.3.4 Commercial Property Owners
7.3.5 Offices and Retail Stores
7.4.1 Manufacturing Facilities
7.4.2 Construction, Renovation, and Demolition Sites
8 Global Waste Management Market, By End User
8.3 Oil and Gas
9 Global Waste Management Market, By Geography
9.2 North America
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.5 Other Key Strategies
11 Company Profiling
11.1 Hitachi Zosen Corporation
11.2 Advanced Disposal Services
11.3 Covanta Holding Corporation
11.4 Biffa Group
11.5 Suez Environment S.A.
11.6 Veolia Environment S.A.
11.7 Daiseki Co. Ltd
11.8 Clean Harbors Inc
11.9 Republic Services
11.10 Remondis AG & Co. Kg
11.11 Biomedical Waste Solutions
11.12 Waste Management Inc
11.14 Waste Connections
11.15 FCC Environment
List of Tables
1 Global Waste Management Market Outlook, By Region (2020-2028) ($MN)
2 Global Waste Management Market Outlook, By Waste Type (2020-2028) ($MN)
3 Global Waste Management Market Outlook, By Hazardous Waste (2020-2028) ($MN)
4 Global Waste Management Market Outlook, By Municipal Waste (2020-2028) ($MN)
5 Global Waste Management Market Outlook, By Industrial Waste (2020-2028) ($MN)
6 Global Waste Management Market Outlook, By Bio-medical (2020-2028) ($MN)
7 Global Waste Management Market Outlook, By E-waste (2020-2028) ($MN)
8 Global Waste Management Market Outlook, By Service (2020-2028) ($MN)
9 Global Waste Management Market Outlook, By Collection Service (2020-2028) ($MN)
10 Global Waste Management Market Outlook, By Collection & Transportation (2020-2028) ($MN)
11 Global Waste Management Market Outlook, By Sorting (2020-2028) ($MN)
12 Global Waste Management Market Outlook, By Storage & Handling (2020-2028) ($MN)
13 Global Waste Management Market Outlook, By Disposal Service (2020-2028) ($MN)
14 Global Waste Management Market Outlook, By Composting & Anaerobic Digestion (2020-2028) ($MN)
15 Global Waste Management Market Outlook, By Open Dumping & Landfills (2020-2028) ($MN)
16 Global Waste Management Market Outlook, By Incineration/Combustion (2020-2028) ($MN)
17 Global Waste Management Market Outlook, By Recycling (2020-2028) ($MN)
18 Global Waste Management Market Outlook, By Application (2020-2028) ($MN)
19 Global Waste Management Market Outlook, By Residential (2020-2028) ($MN)
20 Global Waste Management Market Outlook, By Households (Direct to Customer) (2020-2028) ($MN)
21 Global Waste Management Market Outlook, By Societies/Home Associations (2020-2028) ($MN)
22 Global Waste Management Market Outlook, By Municipalities (2020-2028) ($MN)
23 Global Waste Management Market Outlook, By Property Management (2020-2028) ($MN)
24 Global Waste Management Market Outlook, By Commercial (2020-2028) ($MN)
25 Global Waste Management Market Outlook, By Restaurants (2020-2028) ($MN)
26 Global Waste Management Market Outlook, By Government Offices (2020-2028) ($MN)
27 Global Waste Management Market Outlook, By Education and Healthcare Facilities (2020-2028) ($MN)
28 Global Waste Management Market Outlook, By Commercial Property Owners (2020-2028) ($MN)
29 Global Waste Management Market Outlook, By Offices and Retail Stores (2020-2028) ($MN)
30 Global Waste Management Market Outlook, By Industrial (2020-2028) ($MN)
31 Global Waste Management Market Outlook, By Manufacturing Facilities (2020-2028) ($MN)
32 Global Waste Management Market Outlook, By Construction, Renovation, and Demolition Sites (2020-2028) ($MN)
33 Global Waste Management Market Outlook, By End User (2020-2028) ($MN)
34 Global Waste Management Market Outlook, By Agriculture (2020-2028) ($MN)
35 Global Waste Management Market Outlook, By Oil and Gas (2020-2028) ($MN)
36 Global Waste Management Market Outlook, By Automobile (2020-2028) ($MN)
37 Global Waste Management Market Outlook, By Electronics (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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