+44 (0) 20 7549 9987 | USA callers: +1 212 220 8419

Contact Us Now
Waste Management Market

Forecasting Growth for Waste Management in The Market Place

17 January 2020

waste management in marketplace

These are turbulent times for the waste management industry. On the one hand, global waste production is at an all-time high, but on the other hand, the industry is coming increasingly under fire by environmentalist elements.  None the less, strong growth in this sector is predicted, even if there are substantial challenges that need to be overcome. 

Waste Management in the market place Outlook

"Waste management" is a catch-all term covering all commercial methods of disposing of waste, including dumping, incineration, and recycling, along with associated activities such as collection and transportation. As an entire market, it was valued at $330.6 billion in 2017 and is expected to climb to $530 billion or more by 2025. This represents a CAGR of 6%.

Primary segments in the waste management market are based on region, service, and type of waste - municipal, industrial, and hazardous waste.  Municipal waste has traditionally been the strongest of these three areas, and the continually growing human population will ensure that remains true.  Industrial waste is also expected to grow significantly.  Hazardous waste will grow as well but will proportionally become a shrinking piece of the overall market.

Services include collection, transportation, storage, handling, sorting, and various disposal or recycling services. Currently, disposal is forecasted to be the strongest of these services, followed by collection. As more waste is produced, the majority of time and energy will be put towards collecting and getting rid of it.

On a regional level, Europe and Asia are expected to be the primary market drivers.  Europe is embracing high-tech solutions for waste management, while Asia's booming population will demand ever-more collection and disposal services.

Challenges facing waste management in the market place

Two major challenges face the industry, although both can also be perceived as opportunities.

First is the booming human population, and the boom in waste that will accompany it. According to the World Bank, 2.1 billion tons of solid waste was generated in 2016 - and this is expected to rise to roughly 3.4 billion tons by 2050.  This will create significant logistical challenges and demand creative solutions.

Second is the rise of environmentalism. Companies in the waste management sector are being increasingly pressured - or outright regulated - to find environmentally friendly options.  The ability of the industry to discover and promote these options will play a major part of their growth in the decade to come.

Visiongain has the insights you need into 18 verticals and dozens of related industries.  Contact us to learn more!

Recent News

Visiongain Publishes Wastewater Recovery Systems Market Report 2023-2033

The global Wastewater Recovery Systems market was valued at US$24.53 billion in 2022 and is projected to grow at a CAGR of 12.3% during the forecast period 2023-2033.

09 October 2023


Visiongain Publishes Ozone Generator Market Report 2023-2033

The global Ozone Generator market was valued at US$1,178 million in 2022 and is projected to grow at a CAGR of 6% during the forecast period 2023-2033.

29 June 2023


Visiongain Publishes Subsea Desalination Market Report 2023-2033

The global Subsea Desalination market was valued at US$1,687 million in 2022 and is projected to grow at a CAGR of 12.0% during the forecast period 2023-2033.

28 December 2022


Visiongain Publishes Water Desalination Market Report 2022-2032

The global Water Desalination market was valued at US$17.1 billion in 2021 and is projected to grow at a CAGR of 10.2% during the forecast period 2022-2032.

15 December 2022