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Solid Waste Management Market size exceeded USD 1 trillion in 2022 and is projected to expand at more than 2.3% CAGR from 2023 to 2032.
Robust investments in technologically assisted waste management solutions compared to conventional alternatives will complement market growth. The amount of solid waste recycled worldwide is less compared to the total waste generated. According to the Environmental Protection Agency (EPA), in the United States, out of the 75% of waste that is recyclable, only 30% is recycled.
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To bridge this gap, communities are deploying smart waste management systems such as AI recycling robots, waste level sensors, smart waste bins, etc. to streamline waste collection and recycling. The use of solid waste to generate renewable energy may attract new investments to develop climate change projects, subsequently driving industry expansion.
The solid waste management market may encounter challenges such as the limited presence of guidelines and regulatory frameworks, particularly in emerging countries. Lack of strategic waste segregation/collection, and a financial regulatory framework are some of the main obstacles to the effective deployment of solid waste management (SWM) systems.
Countries like Rwanda, Ghana, Kenya, and much more are suffering from a lack of waste management frameworks. To illustrate, the Kisumu County of Kenya generates nearly 500 tons of waste each day which is scattered along the roads or in an open dumpsite. Burning the trash in open areas is a common practice that contaminates the air and causes respiratory and heart problems for the residents. Limited public awareness and poor attitudes of the public toward proper waste disposal could hamper the business growth in the upcoming years.
Report Coverage | Details |
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Base Year: | 2022 |
Market Size in 2022: | 1.1 trillion (USD) |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 2.3% |
2032 Value Projection: | 1.4 trillion (USD) |
Historical Data for: | 2019 to 2022 |
No. of Pages: | 1,350 |
Tables, Charts & Figures: | 2,830 |
Segments covered: | Waste, Treatment, Material |
Growth Drivers: |
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Pitfalls & Challenges: |
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Disposal solid waste management market was over 23.9 billion tonnes in 2022. Rising shifts from landfills toward sustainable recycling, incineration, composting, and anaerobic digestion will impact the industry outlook. Traditional waste collection methods are now being replaced with cutting-edge waste sorting and disposal systems.
For instance, in December 2022, Grundon, a UK-based waste disposal and waste management firm, announced that it is piloting ZenRobotics Fast Picker at its site in Gloucestershire. The company aims to use the machine for improving the sorting of municipal solid waste, light packaging waste, or dry mixed recycling with the help of artificial intelligence.
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Municipal solid waste management market accounted for nearly 15.7% of the revenue share in 2022. Rapid urbanization and migration have spiked commercial and residential developments, which has directly contributed to the rise in garbage generated each day. The adoption of manufactured goods and products is resulting in an increase in the amount of municipal solid waste (MSW) generation, which may foster the need for solid waste management systems across urban localities.
Europe Solid Waste Management Market, By Material, 2022 (Million Tonnes) | |
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Material | Market Size, 2022 |
Paper & Paperboard | 2,115.1 |
Metals | 552.7 |
Plastics | 1,208.8 |
Food | 1,895 |
Glass | 231.7 |
Others | 1,008.1 |
Total | 7,011.3 |
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Solid waste management market from the plastic material segment is anticipated to witness at over 1.5% gains between 2023 and 2032. The packaging sector is a major contributor to the rising plastic waste generation across the globe. The disposal of plastic is a complex process and consists of very limited options. The incineration and landfilling of plastic have multiple negative effects on the environment, including airborne pollutants, soil erosion, and water leaching.
According to the key findings from OECD’s Global Plastics Outlook, only 9% of the plastic waste generated gets recycled. While nearly 50% of this waste ends up in landfills and 19% is incinerated. Increasing awareness and efforts to improve plastic waste recycling should complement industry growth.
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Middle East & Africa solid waste management market is forecasted to grow at a decent pace through 2023 and 2032. The rising population across the region is expected to elevate the need for effective waste management systems in the coming years. Solid waste management systems in countries across Africa are currently very weak. However, efforts are made to incorporate new technologies related to waste management across the region. For instance, Rwanda has announced a 14-year Circular Economy Action Plan and Roadmap under which it will adopt clean production and waste management technologies. Such developments are also seen in many countries like Ghana and Kenya.
Top participants operating in the global solid waste management market include Clean Harbors, Inc., Hitachi Zosen Corporation, SUEZ, Covanta Holding Corporation, OMNI Conversion Technologies, Inc., Keppel Seghers, Wheelabrator Technologies, Inc., Biffa, China Everbright Environment Group Limited, Cleanaway, Stericycle, Sims Limited, Recology, Waste Management, Inc., Veolia, and Waste Connections.
Companies are extensively focusing on strategic partnerships and collaborations to enhance their business presence. To illustrate, in July 2022, Miller Environmental Transfer (MET), a company that offers environmental services and specializes in waste management & treatment services in the South-Central United States, was acquired by Covanta Holdings Corporation. Through this acquisition, the company expanded its business footprint and improved its market share in the regional solid waste management sector.
The COVID-19 pandemic majorly impacted the solid waste management market as the amount of trash increased and the authorities faced several challenges. Even though industrial and commercial garbage had taken a downfall, the amount of residential garbage took a surge. The major reason was the cutbacks made on recycling on account of the fear of virus transmission.
Owing to a spike in COVID-19 cases and a growing hospitalization rate, the amount of medical waste increased considerably during the outbreak. Growing awareness regarding the significance of waste management systems will motivate governments to invest more in these systems. Steady improvement in industrial and commercial activities after the lifting of COVID-related restrictions will drive the need for solid waste management systems during the forecast period.
Market Insights, By Waste
Market Insights, By Treatment
Market Insights, By Material
The above information has been provided for the following regions and countries: