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Industrial Solid Waste Management Market Size By Source (Mining, Equipment Manufacturing, Food Processing & Textiles), By Treatment (Open Dumping, Disposal), By Material (Paper & Paperboard, Metals, Plastics, Food, Glass), & Forecast, 2023-2032

  • Report ID: GMI4582
  • Published Date: Feb 2023
  • Report Format: PDF

Industry Statistics

Industrial Solid Waste Management Market size exceeded USD 997 billion in 2022 and is projected to expand at 2% CAGR between 2023 and 2032.

Industrial Solid Waste Management Market

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Escalating public health concerns triggered by improper practices of industrial waste disposal are set to fuel industry revenues over the next ten years. Growing industrial solid waste and its unregulated disposal have severely impacted the health of communities across the planet and jeopardized the delicate ecological balance of affected areas. This has prompted several world government agencies to take necessary initiatives and make significant investments towards the treatment and disposal of both hazardous and non-hazardous solid industrial wastes.

Back in 2022, the World Bank approved USD 20 million in financing to help ASEAN countries reduce the marine plastic pollution generated by industries on their shores to strengthen ecological preservation efforts and promote more sustainability initiatives in the private sector.

Inadequate budgets and inefficient waste collection projects to hold back industry growth

Despite gaining commendable traction from surging industrial projects and waste generation in a post-COVID global economy, key challenges such as insufficient budgets for developing effective waste collection, treatment, disposal, and storage plants are likely to hold back the industry progression. Moreover, the absence of a strict financial regulatory framework, poor strategic planning, and inadequate waste collection and segregation efforts in emerging economies is creating a daunting barrier for the market by promoting the open dumping of industrial waste.

High demand for sustainable waste management solutions to boost recycling segment size

Industrial Solid Waste Management Market Share, By Disposal Size

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Based on treatment, the disposal service subsegment of recycling amassed over 25% of the industrial solid waste management market share in 2022. Recyclable solid waste usually comprises of paper, plastics, and wood material among others. Rising focus on the implementation of technology-integrated waste/trash recycling solutions is slated to augment the market size. The technology integration is also going hand-in-hand with the emerging sustainability trend, where more emphasis is being put on employing eco-friendly practices.

Increasing popularity of packaged goods to drive equipment manufacturing segment share

Authors: Ankit Gupta, Abhishek Chopra

Frequently Asked Questions (FAQ) :

The industrial solid waste management market crossed USD 997 billion in 2022, driven by the rising public health concerns birthed by inadequate industrial waste disposal practices, the market is projected to witness 2% gains through 2032.

The equipment manufacturing segment is poised to grow at more than 1.5% CAGR over 2023 - 2032, owing to the growing consumer inclination toward packaged goods and products in emerging economies.

The metals segment is predicted to reach more than USD 2 billion by 2032, fostered by a growing demand for effective solutions to dispose metal scraps that are deemed hazardous for humans and the environment.

Notable players in the global industrial solid waste management industry include Recology, Covanta Holding Corporation, OMNI Conversion Technologies, Inc., Wheelabrator Technologies, Inc., China Everbright Environment Group Limited, Biffa, Clean Harbors, Inc., Sims Limited, Keppel Seghers, Stericycle, Veolia, Waste Management, Inc., Hitachi Zosen Corporation, SUEZ, Cleanaway, and Waste Connections.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 16
  • Tables & Figures: 1076
  • Countries covered: 31
  • Pages: 615
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