“Obligatory government regulations globally drives the liquid waste management market”
The global liquid waste management market is expected to grow at a CAGR of 3.5% during the forecast period from 2023 to 2030, starting from US$ 96.46 Bn in 2021.
Waste is a global issue, waste when not disposed properly can be a serious threat to public health. Liquid waste management includes a series of activities such as processing, collection and disposal of liquid waste. The increasing awareness for hygiene and government regulation globally supports the growth of the liquid waste management market. Moreover, Urbanization, population growth, and economic development are some of the key factors increasing the liquid waste generation. The increasing wealth of countries and the shift towards urban areas increases the per capita generation of liquid waste globally. This rapid population growth as well as urbanization demands improved liquid waste collection and treatment services. For instance, The United Nations Department of Economic and Social Affair Report in 2018 suggests that 55% of the population worldwide lives in urban cities and expected to rise more than 68% by 2050. The reports also suggests that 90% of increase in urban population will take place in the Asia and Africa regions.
“High Volume of liquid waste generated from a number of industries fuels the market growth”
The increasing awareness and concerns about rising number of cases from water-borne diseases globally is a key factor that gives rise to improved liquid waste management services. Thereby, increasing the demand for liquid waste management market. Additionally, various government initiatives for disposal of liquid waste such as Waste disposal Act, Registration, Evaluation, Authorization and Restriction of Chemicals and Environment Protection Agency supports the market growth.
“Immense use of water in the residential sector supports the market growth”
Residential segment dominated the overall liquid waste management market. The residential sector consumes majority of water in various household activities. Thereby, leads to increase per capita waste water generation. Sewage is the main liquid waste from residential sector. The National Waste Report 2018 in Australia suggests that in 2017 about 1,900 GL of sewage was discharged from the residential sector. Liquid waste is also disposed from households as food waste that is significant part of overall liquid waste. Moreover, as per data released of by Government of India, suggests that about 62,000 million liters of sewage is generated in urban areas of India per day while the treatment capacity across India is only 37% of the total sewage generation. Aforesaid factors are the key reasons for the growth of liquid waste management market.
“Availability of optimum funds and skilled manpower supports growth of the market”
North America dominated the liquid waste management market in 2021. The countries in North America such as U.S and Canada are equipped with abundant amount of capital that is essential for the functioning and maintenance of liquid waste management services and infrastructure. Moreover, resilient regulation by the government and regulatory bodies for disposal and treatment of waste water are some of the key factor for the dominance of the market. Increasing trends for commercial spaces such as shopping malls and hospitality sector and water-based products in the pharmaceuticals sector supports the growth of the market in the North American region. Major manufacturers in the North America region are focusing to provide new and improved services for treating liquid wastes in the region.
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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 Liquid Waste Management market are as follows:
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.
| ATTRIBUTE | DETAILS |
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Billion |
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Key questions answered in this report
