Industrial Solid Waste Management Market Analysis

In terms of source, the equipment manufacturing segment will observe nearly 1.5% growth rate during the forecast period. Flourishing domestic and global trade, coupled with widescale consumption of plastic packaging for the transportation of raw materials and finished goods, has elevated the output levels of the equipment manufacturing industry. This apart, shifting consumer preference toward manufactured goods and products in regions such as the Asia Pacific, have also fueled a significant rise in industrial solid waste quantities, effectively fostering more business growth through the segment.
 

The industrial solid waste management market valuation from metals segment is anticipated to surpass USD 2 billion by 2032. Increasingly consumer-centric lifestyles have paved the way for a growing issue of metal wastes. Rising disposal of demolition scraps and electronic wastes, generated from machines, appliances, consumer electronics, and office equipment, has created a demand for solid metal waste management solutions. Improper disposal of some of these metals wastes can prove extremely hazardous to both humans as well as the environment, which generates a further impetus for adequate waste management facilities.
 

North America industrial solid waste management market held around 29% revenue share in 2022. Going forward, regional growth is primarily expected to come from the presence of a favorable regulatory landscape in the region. In addition, rapid technological improvements and growing inclination towards more innovation in waste management are further paving the way for more initiatives. Meanwhile, the adoption of stringent waste disposal norms and standards, and escalating rollouts of favorable regulatory policies such as the Polluter-pays principal practice are defining the business scenario over the long-term.