Waste Management in India Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Indian Waste Management Market, Including Garbage Disposal and Rubbish Management, is Experiencing Growth Due To Increased Population and Industrial Activity. The Concept of A Circular Economy is Gaining Popularity, but the Country Faces Challenges Due To Inadequate Policies and Infrastructure for Debris Handling and Recycling. Numerous Startups are Introducing Innovative Solutions for Trash Handling, Aiming To Transform Waste Into Valuable Resources. The Market is Fragmented, With Many Players Focusing On Efficient Junk Management, Scrap Control, and Waste Reduction.

India Waste Management Market Size

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India Waste Management Market Summary
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Study Period 2020 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 12.90 Billion
Market Size (2029) USD 17.30 Billion
CAGR (2024 - 2029) 6.10 %
Market Concentration Low

Major Players

India Waste Management Market Major Players

*Disclaimer: Major Players sorted in no particular order

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India Waste Management Market Analysis

The India Waste Management Market size is estimated at USD 12.90 billion in 2024, and is expected to reach USD 17.30 billion by 2029, growing at a CAGR of 6.10% during the forecast period (2024-2029).

  • The Indian waste management market is experiencing healthy growth due to high population density and increased industrial activity, resulting in significant amounts of both hazardous and non-hazardous waste.
  • While the circular economy concept is relatively new to India, it's gaining prominence rapidly. The Indian waste management industry holds immense potential, with only 30% of the 75% recyclable waste currently being recycled. Inadequate policies for waste collection, disposal, and recycling, coupled with inefficient infrastructure, contribute to the poor state of waste management in the country.
  • Numerous startups are emerging with innovative waste management ideas and methods for converting waste into valuable resources. However, effectively addressing the challenges in this industry requires a substantial amount of knowledge.

India Waste Management Market Trends

Increase in amount of waste generated

  • Increasing population and rapid urbanization have led to a substantial rise in waste generation, necessitating efficient and sustainable waste management practices. Owing to swift urbanization, economic growth, and heightened urban consumption rates, India ranks among the world’s top 10 countries in generating municipal solid waste (MSW).
  • According to a report by the Energy and Resources Institute (TERI), India generates over 62 million tons (MT) of waste annually. Merely 43 MT of the total waste generated is collected, with 12 MT being treated before disposal, leaving the remaining 31 MT discarded in waste yards.
  • The Indian Central Pollution Control Board (CPCB) projects that annual waste generation in India will escalate to 165 MT by 2030. Concurrently, hazardous, plastic, e-waste, and bio-medical waste generation are anticipated to increase proportionately.
  • Plastic consumption in India has markedly risen over the past five years, consequently elevating its waste output. The country produces 3.4 million tonnes of plastic waste annually, with only 30 percent of it being recycled.
India Waste Management Market: Volume of hazardous waste generated in India in FY 2022, by state, in metric tons

The Increase in Waste Management Startups in India

  • The Swachh Bharat Initiative, the Indian government's flagship program aimed at waste collection and effective management, is anticipated to offer substantial growth prospects for emerging startups concentrating on innovative solutions. These startups primarily target electronic and biomedical waste, striving to develop inventive scientific approaches for managing generated waste and prioritizing safer disposal methods.
  • One such venture, Jaipur-based waste management startup WeVOIS, secured a total funding of USD 4 million in its pre-Series A round at a valuation of USD 10 million, leveraging a combination of equity and debt. WeVOIS has notably enhanced the environment for over 2.5 million people across 18 cities in India, including Jaipur, Dehradun, Sikar, Gwalior, and Jaisalmer. The company witnessed an impressive 250% year-on-year growth in the past year and a 60% surge in customer acquisition within the last six months, maintaining a zero churn rate since its inception.
  • Another initiative, launched in Chennai in August 2020, Bintix, initially serving 100 households, now caters to over 2,000 households and collects 8,500 kg of waste monthly—a figure steadily increasing. Bintix provides households with designated bags, calculated at one bag per week, with collections scheduled every Thursday. Each bag is equipped with a barcode ensuring waste traceability, allowing Bintix to engage households that haven't provided pure dry waste.
India Waste Management Market: Share of waste processed in India from FY 2016 to FY 2023, in Percentage

India Waste Management Industry Overview

The market studied is fragmented, with many players aiming to mitigate waste generation, as well as recycle and reuse the waste in the most effective way possible. Major Players include A2Z Green Waste Management Ltd, BVG India Ltd, Ecowise Waste Management Pvt. Ltd, and Add Company NameHanjer Biotech Energies Pvt. Ltd

With growth in manufacturing and domestic consumption, India’s total waste production is set to increase from its current annual rate of 62 million tons to a whopping 162 million tons by 2030. Numerous startups are focusing on developing innovative approaches for waste disposal in an environment-friendly manner.

As India’s production of waste increases, the country’s government has begun looking to the private sector for help. Municipal bodies mandated with establishing coherent and sustainable waste management systems have been encouraged by the federal government to partner with the private sector.

India Waste Management Market Leaders

  1. A2Z Green Waste Management Ltd

  2. BVG India Ltd

  3. Ecowise Waste Management Pvt. Ltd

  4. Tatva Global Environment Ltd

  5. Hanjer Biotech Energies Pvt. Ltd

*Disclaimer: Major Players sorted in no particular order

India Waste Management Market Concentration
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India Waste Management Market News

  • August 2023: The Brihanmumbai Municipal Corporation (BMC) analyzed the highly successful 'Indore model' of waste management to enhance solid waste management (SWM) in Mumbai. This approach has contributed to Indore, known as the 'Mini Mumbai' of Madhya Pradesh, maintaining its position as the cleanest city in India for six consecutive years.
  • March 2023: Bharat Petroleum Corporation Limited (BPCL), a 'Maharatna' and a Fortune Global 500 Company, unveiled a special initiative named "Sound Management of Waste Disposal (SMWD)" as part of their sustainability endeavors. This initiative focuses on the reduction and recycling of e-waste. BPCL aims to attain zero-waste-to-landfill certification across all operational refineries and marketing locations by 2025.

India Waste Management Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Scope of the Study

    2. 1.2 Key Deliverables of the Study

    3. 1.3 Study Assumptions

  2. 2. RESEARCH METHODOLOGY

    1. 2.1 Analysis Methodology

    2. 2.2 Research Phases

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS AND INSIGHTS

    1. 4.1 Current Market Scenario

    2. 4.2 Drivers

      1. 4.2.1 Technological advances and shortend life cycle of electronics products leading to increase E-Waste

      2. 4.2.2 Rising demand for waste management services from emerging economics due to rapid industrialization

    3. 4.3 Restraints

      1. 4.3.1 Absence of necessary framework for collection and segregation of waste

    4. 4.4 Opportunities

      1. 4.4.1 Growing adoption of construction and demolition materials in Urban Areas with rising number of construction projects

    5. 4.5 Insights into the Logistics Support and Development in the Indian Waste Management Industry

    6. 4.6 Insights into the Strategies of the Rising Startups Venturing into the Indian Waste Management Industry

    7. 4.7 Technological Advancements and Innovation in the Effective Waste Management

    8. 4.8 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.8.1 Bargaining Power of Suppliers

      2. 4.8.2 Bargaining Power of Consumers

      3. 4.8.3 Threat of New Entrants

      4. 4.8.4 Threat of Substitutes

      5. 4.8.5 Intensity of Competitive Rivalry

    9. 4.9 Brief on the Indian Government Regulations and Initiatives

    10. 4.10 Value Chain/Supply Chain Analysis

    11. 4.11 Impact of Covid-19 on the market

  5. 5. MARKET SEGMENTATION

    1. 5.1 Waste Type

      1. 5.1.1 Industrial Waste

      2. 5.1.2 Municipal Solid Waste

      3. 5.1.3 Hazardous Waste

      4. 5.1.4 E-waste

      5. 5.1.5 Plastic Waste

      6. 5.1.6 Bio-medical Waste

    2. 5.2 Disposal Methods

      1. 5.2.1 Landfill

      2. 5.2.2 Incineration

      3. 5.2.3 Dismantling

      4. 5.2.4 Recycling

    3. 5.3 Type of Ownership

      1. 5.3.1 Public

      2. 5.3.2 Private

      3. 5.3.3 Public-private Partnership

  6. 6. INVESTMENT ANALYSIS

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Overview (Market Concentration and Major Players)

    2. 7.2 Company Profiles

      1. 7.2.1 A2Z Green Waste Management Ltd

      2. 7.2.2 BVG India Ltd

      3. 7.2.3 Ecowise Waste Management Pvt. Ltd

      4. 7.2.4 Ecogreen Energy Pvt. Ltd

      5. 7.2.5 Hanjer Biotech Energies Pvt. Ltd

      6. 7.2.6 Tatva Global Environment Ltd

      7. 7.2.7 Waste Ventures India Pvt. Ltd

      8. 7.2.8 Hydroair Tectonics (PCD) Ltd

      9. 7.2.9 IL&FS Environmental Infrastructure and Services Ltd

      10. 7.2.10 Jindal ITF Urban Infrastructure Ltd

      11. 7.2.11 Ramky Enviro Engineers Ltd

      12. 7.2.12 SPML Infra Ltd*

    3. *List Not Exhaustive
  8. 8. FUTURE GROWTH PROSPECTS OF THE INDIAN WASTE MANAGEMENT INDUSTRY

  9. 9. APPENDIX

    1. 9.1 Statistics on the State-wise Solid Waste Generation in Urban Areas

  10. 10. DISCLAIMER AND ABOUT US

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India Waste Management Industry Segmentation

The process of waste management involves treating solid and liquid waste. During the treatment, it also offers a variety of solutions for recycling items that aren’t categorized as trash.

A comprehensive background analysis of the Waste Management in India Market, covering the current market trends, restraints, technological updates, and detailed information on various segments and the competitive landscape of the industry. The impact of COVID-19 has also been incorporated and considered during the study. 

The India waste management market is segmented by type (industrial waste, municipal solid waste, hazardous waste, e-waste, plastic waste, biomedical waste), by disposal method (landfill, incineration, dismantling, recycling), and by type of ownership (public, private, public-private partnership). The report offers the market sizes and forecasts for the India Waste Management market in value (USD) for all the above segments.

Waste Type
Industrial Waste
Municipal Solid Waste
Hazardous Waste
E-waste
Plastic Waste
Bio-medical Waste
Disposal Methods
Landfill
Incineration
Dismantling
Recycling
Type of Ownership
Public
Private
Public-private Partnership
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India Waste Management Market Research Faqs

The India Waste Management Market size is expected to reach USD 12.90 billion in 2024 and grow at a CAGR of 6.10% to reach USD 17.30 billion by 2029.

In 2024, the India Waste Management Market size is expected to reach USD 12.90 billion.

A2Z Green Waste Management Ltd, BVG India Ltd, Ecowise Waste Management Pvt. Ltd, Tatva Global Environment Ltd and Hanjer Biotech Energies Pvt. Ltd are the major companies operating in the India Waste Management Market.

In 2023, the India Waste Management Market size was estimated at USD 12.11 billion. The report covers the India Waste Management Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the India Waste Management Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

India Waste Management Industry Report

Statistics for the 2024 India Waste Management market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Waste Management analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Waste Management in India Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)