Market Size of India Waste Management Industry
| 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
*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.
