The global waste management market expected to expand at a CAGR of 7.5% during the forecast period from 2023 to 2030. Rapid urbanization has resulted in manifold challenges with respect to urban environment due to industrialization, economic activities, population growth, changing lifestyle, and new technology advances. Urban waste management is one such boiling issue that has surface because of aforementioned factors leading to cities and towns worldwide crumble under heaps of garbage and waste left in the open. Poorly managed waste also has direct impact on urban environment, resulting in water, air, and soil pollution, leading to long-term implications on health and economic growth prospects. This is also partly because of the mismatch in requirement and availability of services to address waste management. Hence, re-looking into the current available systems for waste management is the need of the hour.

"Asia Pacific Largest Waste Management Market; Forecast to Register Strong Growth"

Asia Pacific represents the largest waste management market worldwide and will continue to dominate, offering significant growth and investment prospects for waste segregators, recycling companies, and all other participants involved across waste management ecosystem during the forecast period. By 2030, India’s waste management sector is presumed to cross US$ 13.82 Bn worth with an annual growth rate of 7.3%. Since the majority of waste that India produces is simply dumped in landfills, redirecting this waste to proper processing and treatment facilities is expected to open up new investment avenues for value chain participants. With continual growth in industrial output and domestic consumption, India’s total waste production will surge from its 62 Mn tonnes in 2017 to a massive 162 Mn tonnes by 2030, driving need for efficient waste management.

Key Players:

The global waste management market is highly fragmented. Some of the major service providers profiled in the research study include Advanced Disposal Services, Waste Harvesters, Inc., Covanta Holding Corporation, Biffa Group, Clean Harbors, Inc., Remondis AG & Co. Kg, Hitachi Zosen Corporation, Suez Environment S.A., Daiseki Co. Ltd., Veolia Environment S.A., and Waste Management, Inc. among others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Waste Management market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Waste Management market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Waste Management market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Waste Management market?
• Which is the largest regional market for Waste Management market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Waste Management market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Waste Management market worldwide?