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At what pace is the solid waste management market growing, and what is its estimated value?
The solid waste management market size has grown strongly in recent years. It will grow from $314.69 billion in 2024 to $330.51 billion in 2025 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to the adoption of sustainable waste management practices, utilization of waste as a source of renewable energy, growing concerns about public health, economic growth, and urbanization.
The solid waste management market size is expected to see steady growth in the next few years. It will grow to $396.32 billion in 2029 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to climate change mitigation, regulatory compliance, increasing industrialization, increase in smart city constructions, and climate change mitigation. Major trends in the forecast period include development of bio-based alternatives, technological advancements, waste-to-energy technologies, public-private partnerships and smart waste management systems.
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What are the top drivers to the rising demand in the solid waste management market?
The rising environmental concerns are expected to propel the growth of the solid waste management market going forward. Environmental concern refers to the awareness and care for the well-being of the natural world and its ecosystems. Environmental concerns are rising due to extreme weather events, growing awareness of climate change, and the impact of human activities on the environment. Solid waste management is essential for mitigating environmental pollution, conserving resources, reducing greenhouse gas emissions, protecting ecosystems, promoting circular economy principles, and improving public health. For instance, in May 2024, according to Environment and Climate Change Canada (ECCC), a Canada-based government department, the total greenhouse gas emissions for Canada in 2022 were 708 megatons (Mt CO2 eq), up 1.3% from 698 (Mt CO2 eq) in 2021. Furthermore, in June 2024, according to the US Energy Information Administration, a US-based government agency, the CO2 emission in 2021 accounted for 35.72 billion metric tons which increased to 38.50 billion metric tons in 2022. Therefore, environmental concerns are driving the growth of the solid waste management market.
How is the solid waste management market segmented?
The solid waste management market covered in this report is segmented –
1) By Waste: Municipal, Industrial
2) By Material: Paper And Paperboard, Plastic, Metals, Food, Textiles, Other Materials
3) By Service: Open dumping, Incineration Or Combustion, Landfill, Recycling, Composting And Anaerobic Digestion
4) By End-User: Residential, Commercial, Industrial
Subsegments:
1) By Municipal Waste: Residential Waste, Commercial Waste, Institutional Waste
2) By Industrial Waste: Manufacturing Waste, Construction And Demolition Waste, Agricultural Waste
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Solid Waste Management Market Report 2025, Statistics And Analysis
Who are the top competitors in the solid waste management market?
Major companies operating in the solid waste management market are Veolia Environment S.A., Waste Management Inc., Republic Services Inc., Remondis AG & Co. Kg, Rethmann AG & Co KG, SUEZ Group, Waste Connections Inc., GFL Environmental Inc., Clean Harbors Inc., Hitachi Zosen Corporation, Stericycle Inc., Paprec Group, Cleanaway Waste Management Limited, Renewi plc, Covanta Holdings Corporation, Biffa Limited, Advanced Disposal Services Inc., Biffa Group PLC, Recology, Waste Pro USA, Casella Waste Systems Inc., FCC Environment Limited, Viridor Limited, Urbaser SAU, ALBA Group, Envac Group, Keppel Seghers, TANA Oy
What significant trends should we anticipate in the solid waste management market over the forecast period?
Major companies operating in the solid waste management market are developing technologically advanced solutions such as waste sorting robots to enhance the efficiency and accuracy of waste sorting processes, increase recycling rates, and promote sustainable waste management practices. Waste sorting robots are robotic systems designed to automate the sorting and segregation of different types of waste materials. For instance, in February 2024, ZenRobotics, a Finland-based supplier of intelligent sorting robots for the waste industry, launched ZenRobotics 4.0, the fourth generation of waste sorting robots. ZenRobotics 4.0 represents the fourth generation of waste sorting robots, boasting new features and enhanced artificial intelligence (AI) capabilities to optimize and improve waste sorting operations’ efficiency. The robot is considered a groundbreaking advancement in waste sorting technology, offering more than just a simple upgrade to waste management operations.
Which regional trends are influencing the solid waste management market, and which area dominates the industry?
North America was the largest region in the solid waste management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the solid waste management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Solid Waste Management Market Report 2025 Offer?
The solid waste management market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Solid waste management refers to the systematic collection, transportation, treatment, and disposal of solid waste generated by human activities. It involves organizing and implementing strategies and practices to minimize solid waste’s adverse environmental and public health impacts. Solid waste management aims to reduce the amount of waste sent to landfills through recycling, composting, and waste-to-energy processes, ensuring proper disposal of residual waste to minimize pollution and protect human health and the environment.
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Solid Waste Management Market Report 2025, Statistics And Analysis
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