Industrial Waste Management Market Size
| Study Period | 2020 - 2029 |
| Market Size (2024) | USD 150.70 Billion |
| Market Size (2029) | USD 199.5 Billion |
| CAGR (2024 - 2029) | 4.79 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Industrial Waste Management Market Analysis
The Industrial Waste Management Market size is estimated at USD 150.70 billion in 2024, and is expected to reach USD 199.5 billion by 2029, growing at a CAGR of 4.79% during the forecast period (2024-2029).
Waste management operations, data analysis, and machine learning are being applied increasingly in industries. Predictive analytics can forecast trends in the generation of waste streams to help municipalities and waste management companies allocate resources. Greyparrot is a trusted solution in the waste management market. By increasing translucency and automation in waste management, Greyparrot's AI waste analytics platform is at the forefront of circular economy development.
The proliferation of single-use plastics and nondegradable packaging materials is one of the major challenges in managing waste. Innovative packaging solutions are being developed to tackle this problem. Biodegradable and compostable materials are being developed to replace traditional plastics and reduce the environmental impact of packaging waste. In May 2023, Borealis introduced a mono-material pouch specifically designed for recycling that is said to represent more than 95% polypropylene. The pouch is intended to pack dry food products and aims to meet the eco-modulation criteria for extended producer responsibility (EPR) programs.
Robotic systems have a key role to play in streamlining the recycling process. These robots can identify and sort recyclable materials with remarkable accuracy and speed. Recycling facilities can increase the efficiency of their operations and reduce the contamination of recycled materials by automation of the sorting process. In April 2023, Il Solco, an Italian waste management company, partnered with Recycleye, intending to introduce artificial intelligence robotics in the waste management industry worldwide.
Industrial Waste Management Market Trends
A Growing Demand for Industrial Waste Management is Anticipated in Asia
Increased production and industrial activity can be expected in the East and South of Asia-Pacific due to rapidly developing industries and economic growth. The production of industrial waste is usually proportional to the growth of the sector.
Increased production of waste from industry is a result of the development of manufacturing industries such as textiles, chemicals, and electronics. During the production process, sectors such as textiles and chemicals may generate a significant amount of waste. In November 2023, LICADHO, a non-profit organization in Cambodia, reported that pre-consumer garment waste, including rubber, fabric, plastic, and other materials from the brands, was being burned at seven factories. To save fuel costs, factories burned waste from the production site, which caused headaches and respiratory problems for their workers.
Rapid technological change may also lead to the generation of electronic waste, as old technologies are no longer relevant. There may be an increase in waste generation due to the adoption of new technology by Asian countries. As per industry experts, AI spending in Asia-Pacific is expected to reach USD 78.4 billion in 2027, including services, software, and hardware for AI-focused systems.
The Internet of Things is the Future of Waste Management
Due to how waste containers are managed, the accumulation and disposal of waste have become major problems for urban areas. The new technologies are proving to be a revolutionary solution and efficient way of addressing these challenges. For instance, wireless sensor network (WSN) and Internet of Things (IoT) technologies are used to manage waste containers.
The Raspberry Pi, developed in collaboration with Broadcom, is an affordable computer that can run Linux. It includes GPIO (general-purpose input/output) pins, enabling users to interface with electronic components for physical computing and delve into the realm of the Internet of Things (IoT). The Raspberry Pi is used in industries where it can be adopted by countries managing waste.
Smart waste management (SWM) encompasses the gathering and analysis of data from sensors installed on smart garbage bins (SGBs), the coordination of waste trucks and urban infrastructure, and the strategic planning and optimization of waste truck routes. To provide a comprehensive real-time perspective, SWM systems can be grouped into two categories, i.e., those that improve internal processes and those that distribute information. Several studies have suggested the economic and environmental benefits of SWM systems.
IoT is also set to have a significant impact on the economy. According to experts, the Internet of Things could create USD 11.1 trillion a year by 2025.
Industrial Waste Management Industry Overview
The industrial waste management market is moderately fragmented and competitive, with several large companies strategically forming alliances with mid-sized or small-sized companies to leverage their regional capabilities in logistics. Key players are engaged in offering comprehensive solutions for the efficient handling, treatment, and disposal of industrial waste. Certain companies focus on specific aspects of industrial waste management, such as hazardous waste disposal, electronic waste recycling, or energy recovery. These specialized service providers cater to industries with unique waste management requirements. Prominent companies such as Waste Management, Veolia Environnement, and SUEZ are global leaders in industrial waste management. These companies operate on a large scale, providing a wide range of waste management services to industrial clients.
Industrial Waste Management Market Leaders
Veolia Environment SA
Suez Environment S.A.
Republic Services, Inc.
Waste Connections
Biffa Group
*Disclaimer: Major Players sorted in no particular order
Industrial Waste Management Market News
November 2023: NEC Corporation Ltd announced the successful installation and delivery of a real-time industrial waste monitoring system to promote effective waste management in Thailand's industry estates. The system, designed in collaboration with the Industrial Estate Authority of Thailand, gives the ability to track, observe, and manage the movement of industrial waste from source to disposal. This system helps reduce the risk of illegal waste disposal and ensures the safety of the environment and the public.
November 2023: P&G initiated a digital watermarking test for enhanced recycling in France. The Holy Grail 2.0 program is testing its innovation on a national scale in France, supported by AIM, the European Brands Association, the Alliance to End Plastic Waste, and the company's participating consortium members.
May 2023: Waste Management Inc. announced its intention to build a construction and demolition recycling plant by the end of September 2023. The new facility will have the capacity to accept up to 1,200 tonnes of C&D material each day, which is 10 times the current recycling capacity at this site.
Industrial Waste Management Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Current Market Scenario
4.2 Technological Trends
4.3 Industry Value Chain Analysis
4.4 Government Regulations and Initiatives
5. MARKET DYNAMICS
5.1 Drivers
5.1.1 Stringent Environmental Regulations
5.1.2 Growing Awareness of Sustainability
5.2 Restraints
5.2.1 High Initial Capital Investment
5.2.2 Complex Regulatory Landscape
5.3 Opportunities
5.3.1 Technological Advancements and Digitalization
5.4 Industry Attractiveness - Porter's Five Forces Analysis
5.4.1 Bargaining Power of Suppliers
5.4.2 Bargaining Power of Consumers / Buyers
5.4.3 Threat of New Entrants
5.4.4 Threat of Substitute Products
5.4.5 Intensity of Competitive Rivalry
6. MARKET SEGMENTATION
6.1 By Disposal Methods
6.1.1 Landfill
6.1.2 Incineration
6.1.3 Recycling
6.2 By Type
6.2.1 Hazardous
6.2.2 Non-hazardous
6.3 By Geography
6.3.1 North America
6.3.1.1 United States
6.3.1.2 Canada
6.3.2 Europe
6.3.2.1 United Kingdom
6.3.2.2 Germany
6.3.2.3 France
6.3.2.4 Russia
6.3.2.5 Rest of Europe
6.3.3 Asia-Pacific
6.3.3.1 China
6.3.3.2 Japan
6.3.3.3 India
6.3.3.4 South Korea
6.3.3.5 Rest of Asia-Pacific
6.3.4 Middle East and Africa
6.3.5 Latin America
7. COMPETITIVE LANDSCAPE
7.1 Overview (Market Concentration and Major Players)
7.2 Company Profiles
7.2.1 Veolia Environnement SA
7.2.2 Suez Environment SA
7.2.3 Republic Services Inc.
7.2.4 Waste Connections
7.2.5 Waste Management Inc.
7.2.6 Remondis AG & Co. Kg
7.2.7 Biffa Group
7.2.8 Clean Harbors Inc.
7.2.9 Covanta Holding Corporation
7.2.10 Daiseki Co. Ltd*
- *List Not Exhaustive
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
9. APPENDIX
Industrial Waste Management Industry Segmentation
The systematic planning, collection, transport, treatment, disposal, and monitoring of waste generated by industrial activities are referred to as industrial waste management. This comprehensive process aims to reduce the environmental impact of industrial waste and comply with regulatory requirements. Industrial waste consists of different types of solid, liquid, and gaseous byproducts produced in manufacturing, processing, mining, or other industrial activities.
A complete background analysis of the industrial waste management market, including the 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, and geographical trends, is covered in the report.
The industrial waste management market is segmented by disposal methods (landfill, incineration, and recycling), type (hazardous and non-hazardous), and geography (North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America). The report offers market size and forecast in terms of value (USD) for all the above segments.
| By Disposal Methods | |
| Landfill | |
| Incineration | |
| Recycling |
| By Type | |
| Hazardous | |
| Non-hazardous |
| By Geography | |||||||
| |||||||
| |||||||
| |||||||
| Middle East and Africa | |||||||
| Latin America |
Industrial Waste Management Market Research FAQs
How big is the Industrial Waste Management Market?
The Industrial Waste Management Market size is expected to reach USD 150.70 billion in 2024 and grow at a CAGR of 4.79% to reach USD 199.5 billion by 2029.
What is the current Industrial Waste Management Market size?
In 2024, the Industrial Waste Management Market size is expected to reach USD 150.70 billion.
Who are the key players in Industrial Waste Management Market?
Veolia Environment SA, Suez Environment S.A., Republic Services, Inc., Waste Connections and Biffa Group are the major companies operating in the Industrial Waste Management Market.
Which is the fastest growing region in Industrial Waste Management Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Industrial Waste Management Market?
In 2024, the North America accounts for the largest market share in Industrial Waste Management Market.
What years does this Industrial Waste Management Market cover, and what was the market size in 2023?
In 2023, the Industrial Waste Management Market size was estimated at USD 143.48 billion. The report covers the Industrial Waste Management Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Industrial Waste Management Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Industrial Waste Management Industry Report
Statistics for the 2024 Industrial Waste Management market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Industrial Waste Management analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
