2024-2030: Waste Management Market Forecast to Hit $703.9 Billion

Forecasts indicate that the Waste Management Market will achieve $703.9 billion by 2030, growing at a CAGR of 4.9% from 2023 to 2030.

Meticulous Research®, a leading global market research firm, has published an extensive report titled, “Waste Management Market by Waste Type (Hazardous Waste, Industrial Waste, E-waste), Waste Management Method (Landfilling, Recycling, Incineration), and Source (Residential, Commercial, Municipal, and Industrial) - Global Forecast to 2030.”

The report forecasts that the waste management market will reach $703.9 billion by 2030, with a CAGR of 4.9% during the forecast period. This growth is driven by stringent government regulations, increasing consumer awareness about environmental issues, and the growing adoption of smart waste management technologies. Technological advancements in waste management equipment and initiatives for E-waste management are also expected to spur market growth.

However, the market faces challenges such as high capital investment requirements, inefficient disposal systems in ASEAN markets, and the high costs associated with recycling electronic devices. Nonetheless, trends like advancements in waste-to-energy technologies and the adoption of smart waste management solutions are positively influencing the market.

The market is segmented by waste type, management method, and source, with detailed competitor analysis and regional insights provided.

In terms of waste types, the market includes hazardous waste, industrial waste, municipal solid waste, E-waste, plastic waste, biomedical waste, and others. The hazardous waste segment is expected to lead in 2024, driven by factors such as population growth and increased hazardous materials in household waste.

For waste management methods, the market covers landfilling, recycling, incineration, biological reprocessing, waste-to-energy, and other methods. The landfilling segment is projected to hold the largest market share in 2024 due to its effective waste disposal and environmental protection capabilities.

The market is also segmented by source into residential, commercial, municipal, and industrial sectors, with the industrial segment further divided into categories like food & beverage, automotive, electronics, and more. The residential segment is anticipated to be the largest market contributor in 2024, influenced by demographic and consumption pattern changes.

Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to dominate the market in 2024, followed by North America, Europe, Latin America, and the Middle East & Africa. The region’s growth is driven by technological advancements and government initiatives aimed at zero waste.

Key Players:

The key players operating in the waste management market are Advanced Disposal Services, Inc. (U.S.), Biffa Group (U.K.), Clean Harbors, Inc. (U.S.), Covanta Holding Corporation (U.S.), Hitachi Zosen Corporation (Japan), Remondis AG & Co. Kg (Germany), Suez Environment S.A (France), Veolia Environment S.A (France), Waste Management Inc. (U.S.), Republic Services, Inc. (U.S.), Waste Connections, Inc. (U.S.), GFL Environmental Inc. (U.S.), Stericycle, Inc. (U.S.), Casella Waste Systems, Inc. (U.S.), and Bingo Industries Limited (Australia).

 Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5583

Key questions answered in the report-

  • Which are the high-growth market segments based on waste type, waste management method, source, and geography?
  • What was the historical market for the waste management market?
  • What are the market forecasts and estimates for the period 2024–2030?
  • What are the major drivers, restraints, opportunities, challenges, and trends in the waste management market?
  • Who are the major players, and what shares do they hold in the waste management market?
  • How is the competitive landscape in the waste management market?
  • What are the recent developments in the waste management market?
  • What strategies are adopted by the major players in the waste management market?
  • What are the key geographic trends, and which are the high-growth countries?
  • Who are the local emerging players in the global waste management market, and how do they compete with the other players?

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RAJUL BIJOLE

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