|Study Period:||2017- 2026|
|Fastest Growing Market:||Asia Pacific|
|Largest Market:||North America|
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The global waste management market was valued at USD 383.83 billion in 2020 and is expected to register a CAGR of 5% during the forecast period (2021 – 2026). Rapidly growing economies, urbanization and the increasing population have led (materially intensive) to an increase in the resource consumption, and consequently the release of large amounts of waste into the environment. Observing from a global perspective, current waste and resource management lacks a holistic approach which covers the whole chain of product design, raw material extraction, production, consumption, recycling and waste management. A scarcity of land for the effective waste disposal and focus on the energy and resource recovery is driving the market growth. On the other hand, lower sustainability in waste management and low importance towards waste management are restricting market growth. In addition, the rise in the purchase of recyclable products is providing immense opportunities for market growth. The growth of the global waste management market is driven by an increase in the adoption of proactive government measures to reduce illegal dumping.
COVID-19 impacted the waste management industry from the focus of segment shift; as during lockdown, the residential segment generated more amount of waste as compared to industrial and commercial centres, as industries and offices were partially or completely shut. However, reviving economies and resuming production activities along with start of vaccination drives in numerous countries will increase the amount of waste generation and lead to re-initiation of waste recycle industry and waste management companies at their full-scale capacity.
Scope of the Report
The Waste Management (or waste disposal) market includes the activities and actions required to manage waste from its inception to its final disposal. This includes the collection, transport, treatment and disposal of waste, together with monitoring and regulation of the waste management process.
The Global waste management report offers a complete background analysis of the Global waste management market, which includes an assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, and emerging trends in the market segments, market dynamics is covered in the report. The report also covers the impact of COVID-19 on the market.
The report is segmented by waste type (Industrial waste, Municipal solid waste, Hazardous waste, E-waste, Plastic waste, Bio-medical waste), by Disposal methods (Landfills, Incineration, Recycling) and by Geography (North America, Europe, Asia-Pacific and LAMEA). For each segment, the market sizing and forecasts have been done on the basis of volume (tons) and value (USD billion).
|By Waste type|
|Municipal solid waste|
|Biomedical and Other Waste Types|
|By Disposal methods|
|Middle East & Africa|
Key Market Trends
Spotlight on the Construction and Demolition waste management systems
At present, Construction and Demolition waste across worldwide is growing healthily whose management involves various activities such as - monitoring, collecting, transporting, recycling and disposing of the waste generated during construction, renovation or demolition of buildings or any other infrastructure. It assists in minimizing and re-using waste materials such as concrete, soil, wood, glass, plastic, cardboard and metal during construction activities. Unlike residential waste, construction and demolition waste materials are inert, heavy and non-biodegradable. Hence, regulatory authorities require commercial facilities for sorting, treating and filtering these materials before they can be re-used or decomposed. Increased construction and demolition activities are catalyzing the demand for the construction and demolition waste management worldwide. Construction and demolition activities produce large amounts of concrete, wood, plastic and metal waste. As improper disposal of these materials results in the emission of GHGs, environmental degradation, and deterioration of the overall health of people, the adoption of construction and demolition waste management practices has been gaining popularity all over the world.
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Growth in Global Waste
There is a generation of 2.01 billion tons of municipal solid waste per year at the global level, with at least 33% of that—extremely conservatively—not managed in an environmentally safe manner. Worldwide, waste generated per person per day averages 0.74 kilograms but ranges widely, from 0.11 to 4.54 kilograms. Though they only account for 16 percent of the world’s population, high-income countries generate about 34 percent, or 683 million tons, of the world’s waste.
In many countries, solid waste management operations are a local responsibility, and nearly 70% of countries have established institutions with responsibility for policy development and regulatory oversight in the waste sector. About two-thirds of countries have created targeted legislation and regulations for solid waste management, though enforcement varies drastically.
Global waste is expected to grow to 3.40 billion tons by 2050, greater than double population growth over the same period. Overall, there is a positive correlation between waste generation and income level. Daily per capita waste generation in high-income countries is anticipated to increase by 19% by 2050, compared to low- and middle-income countries, where it is expected to increase by approximately 40% or more. The total quantity of waste generated in low-income countries is expected to increase by greater than three times by 2050.
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The global waste management market is highly competitive with many players focused on the innovative technologies to recycle and reuse the waste generated across various industries and households across the globe. There are also several startups coming up in the industry that are continuously focusing on waste reduction following the Zero Waste - 3R (Reduce, Reuse and Recycle) philosophy.
- 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.
- October 2020: Waste Management completed its acquisition of all outstanding shares of Advanced Disposal, following the receipt of required regulatory approvals. The previously announced purchase price of USD 30.30 per share in cash represents a total enterprise value of USD 4.6 billion when including approximately USD 1.8 billion of Advanced Disposal’s net debt.
Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS and DYNAMICS
4.1 Market Overview
4.2 Insights into Technological Advancements and Innovation in Effective Waste Management
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.4 Value Chain/Supply Chain Analysis
4.5 Insights on Strategies of Rising Startups Venturing into the Global Waste Management Industry
4.6 Spotlight on Market Trends
4.7 Impact of COVID-19 on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.2 Market Restraints
5.3 Market Opportunities
6. MARKET SEGMENTATION (Market Size by Value and Volume)
6.1 By Waste type
6.1.1 Industrial waste
6.1.2 Municipal solid waste
6.1.4 Plastic waste
6.1.5 Biomedical and Other Waste Types
6.2 By Disposal methods
6.3.1 North America
188.8.131.52 United States
184.108.40.206 United Kingdom
220.127.116.11 Rest of Europe
18.104.22.168 South Korea
22.214.171.124 Rest of Asia-Pacific
6.3.4 Middle East & Africa
6.3.5 Latin America
7. INVESTMENT ANALYSIS IN GLOBAL WASTE MANAGEMENT INDUSTRY
8. COMPETITIVE LANDSCAPE
*List Not Exhaustive
8.1 Overview (Market Concentration and Major Players)
8.2 Company Profiles
8.2.1 Biffa Group
8.2.2 Clean Harbors, Inc.
8.2.3 Covanta Holding Corporation
8.2.4 Veolia Environment SA
8.2.5 Waste Connections
8.2.6 Remondis AG & Co. Kg
8.2.7 Suez Environment S.A.
8.2.8 Daiseki Co. Ltd
8.2.9 Waste Management Inc.
8.2.10 Republic Services
9. MARKET OPPORTUNITIES AND FUTURE TRENDS
11. DISCLAIMER AND ABOUT US
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Frequently Asked Questions
What is the study period of this market?
The Global Waste Management Market market is studied from 2017 - 2026.
What is the growth rate of Global Waste Management Market?
The Global Waste Management Market is growing at a CAGR of 5% over the next 5 years.
What is Global Waste Management Market size in 2017?
The Global Waste Management Market is valued at 383.83 Billion USD in 2017.
What is Global Waste Management Market size in 2026?
The Global Waste Management Market is valued at 502.56 Billion USD in 2026.
Which region has highest growth rate in Global Waste Management Market?
Asia Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Global Waste Management Market?
North America holds highest share in 2020.
Who are the key players in Global Waste Management Market?
Clean Harbors, Biffa, Covanta Energy, Daiseki Co., Ltd., Hitachi Zosen Corporation are the major companies operating in Global Waste Management Market.