Market Size of Europe Industrial Waste Management Industry
| Study Period | 2020-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 48.54 Billion |
| Market Size (2029) | USD 62.34 Billion |
| CAGR (2024 - 2029) | 4.26 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Industrial Waste Management Market Analysis
The Europe Industrial Waste Management Market size is estimated at USD 48.54 billion in 2024, and is expected to reach USD 62.34 billion by 2029, growing at a CAGR of 4.26% during the forecast period (2024-2029).
- The European Union has been recognized for its worldwide leadership in waste management. Some of the world's highest recycling rates for municipal waste are reported by EU Member States, such as Germany, Italy, and Austria. The waste management sector shall be responsible for all aspects of the waste cycle, which includes collection, transport, processing, disposal, and recycling of materials destroyed. French businesses Veolia and Suez and UK-based Biffa PLC are all among the largest waste management companies worldwide based on revenue.
- In its Member States, the European Union has different practices for the management of waste. The EU waste policy is aimed at contributing to the recycling economy by resource extraction of quality resources from waste. The EU would like to promote the prevention of waste and the re-utilization of products as much as possible. Recycling, including composting, is preferred by the EU if recycling is not possible, followed by the use of waste to generate energy.
- The recycling rate of urban waste in the EU has slowly improved over a number of years and now stands at 49%, as indicated by industry reports published in 2024. Nevertheless, 24% of municipal waste is disposed of in landfills. The recycling rates for other specific waste streams vary, from 64% of total packaging to 39% in electrical and electronic waste.
- In order to support a more Circular Economy in the European Union, a number of bold recycling targets have been set over the next decades. At 60% of municipal waste generated by 2030, EU Member States are now legally obliged to recycle or prepare for reuse. In accordance with the European Commission's Waste Framework Directive, residual municipal waste should be reduced by 50% in that same year to approximately 56.5 million tonnes.
