Home > Energy & Power > Waste Management > Industrial Solid Waste Management Market
Industrial Solid Waste Management Market was valued at USD 1.01 trillion in 2023 and is projected to expand at 2% CAGR between 2024 and 2032.
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.
Report Attribute | Details |
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Base Year: | 2023 |
Industrial Solid Waste Management Market Size in 2023: | USD 1.01 Trillion |
Forecast Period: | 2024 - 2032 |
Forecast Period 2024 - 2032 CAGR: | 2% |
2032 Value Projection: | USD 1.21 Trillion |
Historical Data for: | 2019 - 2023 |
No. of Pages: | 615 |
Tables, Charts & Figures: | 1,076 |
Segments covered: | Source, Treatment, Material |
Growth Drivers: | |
Pitfalls & Challenges: |
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.