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The global solid waste management market was valued at USD 315.6 billion in 2022 and growing at a CAGR of 3.6% from 2022 to 2030, the global solid waste management market is expected to reach USD 418.8 billion by 2030. North America is expected to grow the fastest during the forecast period.
Solid waste is unwanted waste that is solid and produced by human activity. The primary sources of solid waste are domestic, industrial, and commercial. Organic material, waste paper, plastic, glass, and metal items make up most of the solid waste. Solid waste management is gathering waste materials adequately, processing them, and disposing of them to protect public health and the environment. Industrial and municipal garbage, urban and rural locations, and developed and developing countries have different solid waste management practices. Since maintaining human and environmental health is the major goal of solid waste treatment, it is more significant for leading a higher quality of life and overall economic development. The introduction of smart waste management services has generated an entirely new technological trend in the market. Traditional waste collection methods are very resource-intensive and frequently follow predetermined routes. This can occasionally result in the unnecessary waste of resources. A better garbage collection procedure, identification of waste filling trends, driver schedule optimization, and operational cost reduction are all possible with the new Internet of Things (IoT)-based technologies. Additionally, IoT-based garbage collecting bins are anticipated to be a viable smart solution for waste management in the near future due to the decreased cost of sensors.
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Drivers:
Technological advances- The development, introduction, maturation, growth, and eventual disposal or recycling of an electronic product are all parts of the usual life cycle of waste management. Rapid technical advancements produce new electronic gadgets and enhanced versions of existing products, such as laptops, mobile phones, and televisions. Similar to this, the shelf lives of electrical devices get shorter as people's purchasing power rises. Older versions of mobile phones and other electronic devices are either abandoned or sold online for recycling as newer versions are launched. As a result, as electronic product lifespans decrease, an increasing amount of e-waste is created. The accumulation of electronic waste, which increases demand for electronic waste management, drives the need for recycling electronic items.
Restraints:
Lack of essential infrastructure for garbage collection and separation- Waste segregation refers to separating different objects and wastes, such as paper, plastic, etc., from the solid wastes collected. Garbage collection and separation aims to decrease landfill waste and eventually stop land, water, and air pollution. Recycling waste and plastic products and other items like paper, metals, and wood depend on proper waste collection and segregation. Municipalities and other organizations involved in waste management face a serious threat from improper waste disposal. The population living close to a polluted area or a landfill may suffer serious health consequences due to improper waste disposal which hampers the market’s growth. Exposure to improperly disposed waste can result in rashes on the skin, blood infections, respiratory issues, growth issues, and even reproductive problems.
Opportunities:
Urbanization and expanding populations- One of the primary opportunities for solid waste management market expansion is the increasing urban population and rising construction activities. The population migration from rural to urban areas has also sharply increased the production of residential solid wastes. A rise in construction activity generates a significant volume of construction waste diverted from the waste stream. Materials that have been diverted are separated for subsequent recycling and, in certain cases, reuse. The amount of trash generated by buildings is substantially impacted by macroeconomic factors that impact construction, society consumption patterns, and risks, both natural and man-made. This provides growth opportunities for the market over the forecast period.
Challenges:
Plastic recycling is more expensive than making new plastic- A solid waste management paver driveway requires a lot of labor. Additionally, although pricey, solid waste management paver driveways and pathways require little care. A well-constructed solid waste management driveway can last up to 100 years while still being stable and useful, but once it cracks or is damaged, repairs can be expensive. Mortar-joined solid waste management paving is more susceptible to issues, especially in cold areas where frost/thaw cycles can cause seams to break. The surface can be maintained by routine inspection and re-grouting. This is expected to challenge the market’s growth over the forecast period.
Regional segmentation analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The Asia Pacific emerged as the largest market for the global solid waste management market, with a 38.7% share of the market revenue in 2022 .
The Asia Pacific currently dominates the solid waste management market. It is anticipated that the generation of solid trash will increase quickly as more people move from rural to urban regions in the Asia Pacific region. By 2050, there will be 5.1 billion people in Asia and the Pacific, with urban areas estimated to make up at least 64.0% of that total. This region's solid waste management market has been significantly impacted by the growing awareness regarding the effects of non-eco-friendly packaging, such as plastic packaging and other plastic product components, on the environment. Some countries in the region's local and national governments do not effectively support waste management recycling, and some local governments do not impose rigorous laws on the crucial parts of recycling, like source segregation. The region faces difficulties managing plastic garbage because of a lack of infrastructure and funding.
Asia Pacific Region Solid Waste Management Market Share in 2022 - 38.7%
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Waste Type segment analysis
The waste type segment is divided into hazardous, E-waste, plastic, and bio-medical. The E-waste segment dominated the market, with a market share of around 48.6% in 2022. E-waste includes several dangerous or toxic compounds, including mercury, brominated flame retardants (BFRs), chlorofluorocarbons (CFCs), and hydrochlorofluorocarbons (HCFCs). The environment and even human health are seriously endangered by the rising levels of e-waste, low collection rates, improper disposal, and treatment of this garbage. E-waste management errors also add to global warming. E-waste products cannot initially replace primary raw materials or lower greenhouse gas emissions from the extraction and refinement of primary raw materials if they are not recycled; this is expected to propel the segment’s growth.
Service segment analysis
The service segment is divided into open dumping, incineration, landfill, and recycling. Over the forecast period, the landfill segment is expected to grow at the fastest CAGR of 4.3%. Solid waste is disposed of in well-managed, well-engineered landfills nowadays. To ensure adherence to stated regulations, landfills are planned, placed, run, and monitored. Additionally, they are made to safeguard the environment against toxins that could be found in the waste stream. The Resource Conservation and Recovery Act established strict guidelines for landfills' construction, operation, and closure (RCRA), which is expected to propel the segment’s growth.
End-User segment analysis
The end-user segment is divided into residential, commercial, and industrial. In 2022 , the residential segment dominated the market, accounting for around 42.8% of global revenue. This category includes waste gathered from single- and multi-family homes. The garbage households produce comprises old discarded plastic bags, consumer durables, toys, fast-moving consumer goods (FMCG), e-waste, household hazardous wastes, and other packaging materials.
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Billion), Volume (Kg) |
| Market size value in 2022 | USD 315.6 Billion |
| Market size value in 2030 | USD 418.8 Billion |
| CAGR (2022 to 2030) | 3.6% |
| Historical data | 2019-2020 |
| Base Year | 2021 |
| Forecast | 2022-2030 |
| Segments | Waste Type, Service, and End-User |
| Regional Segments | North America, Asia Pacific, Europe, Latin America, Middle East and Africa |
As per The Brainy Insights, the size of the solid waste management market was valued at USD 315.6 billion in 2022 to USD 418.8 billion by 2030.
The global solid waste management market is growing at a CAGR of 3.6% from 2022 to 2030.
Asia Pacific emerged as the largest market for solid waste management.
Key players in the solid waste management market are Waste Management, Veolia, Republic Services, SUEZ, Waste Connections, Biffa, Clean Harbors, Covanta Holding, Daiseki, and Hitachi Zosen
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Waste Type
4.3.2. Market Attractiveness Analysis By Service
4.3.3. Market Attractiveness Analysis By End User
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Technological advances
5.3. Restraints
5.3.1. Lack of essential infrastructure for garbage collection and separation
5.4. Opportunities
5.4.1. Urbanization and expanding populations
5.5. Challenges
5.5.1. Plastic recycling is more expensive than making new plastic
1. Global Solid Waste Management Market Analysis and Forecast, By Waste Type
1.1. Segment Overview
1.2. E-waste
1.3. Plastic
1.4. Hazardous
1.5. Bio-medical
2. Global Solid Waste Management Market Analysis and Forecast, By Service
2.1. Segment Overview
2.2. Incineration
2.3. Open dumping
2.4. Landfill
2.5. Recycling
3. Global Solid Waste Management Market Analysis and Forecast, By End User
3.1. Segment Overview
3.2. Residential
3.3. Commercial
3.4. Industrial
4. Global Solid Waste Management Market Analysis and Forecast, By Regional Analysis
4.1. Segment Overview
4.2. North America
4.2.1. U.S.
4.2.2. Canada
4.2.3. Mexico
4.3. Europe
4.3.1. Germany
4.3.2. France
4.3.3. U.K.
4.3.4. Italy
4.3.5. Spain
4.4. Asia-Pacific
4.4.1. Japan
4.4.2. China
4.4.3. India
4.5. South America
4.5.1. Brazil
4.6. Middle East and Africa
4.6.1. UAE
4.6.2. South Africa
5. Global Solid Waste Management Market-Competitive Landscape
5.1. Overview
5.2. Market Share of Key Players in Global Solid Waste Management Market
5.2.1. Global Company Market Share
5.2.2. North America Company Market Share
5.2.3. Europe Company Market Share
5.2.4. APAC Company Market Share
5.3. Competitive Situations and Trends
5.3.1. Product Launches and Developments
5.3.2. Partnerships, Collaborations, and Agreements
5.3.3. Mergers & Acquisitions
5.3.4. Expansions
6. Company Profiles
6.1. Waste Management
6.1.1. Business Overview
6.1.2. Company Snapshot
6.1.3. Company Market Share Analysis
6.1.4. Company Product Portfolio
6.1.5. Recent Developments
6.1.6. SWOT Analysis
6.2. Veolia
6.2.1. Business Overview
6.2.2. Company Snapshot
6.2.3. Company Market Share Analysis
6.2.4. Company Product Portfolio
6.2.5. Recent Developments
6.2.6. SWOT Analysis
6.3. Republic Services
6.3.1. Business Overview
6.3.2. Company Snapshot
6.3.3. Company Market Share Analysis
6.3.4. Company Product Portfolio
6.3.5. Recent Developments
6.3.6. SWOT Analysis
6.4. SUEZ
6.4.1. Business Overview
6.4.2. Company Snapshot
6.4.3. Company Market Share Analysis
6.4.4. Company Product Portfolio
6.4.5. Recent Developments
6.4.6. SWOT Analysis
6.5. Waste Connections
6.5.1. Business Overview
6.5.2. Company Snapshot
6.5.3. Company Market Share Analysis
6.5.4. Company Product Portfolio
6.5.5. Recent Developments
6.5.6. SWOT Analysis
6.6. Biffa
6.6.1. Business Overview
6.6.2. Company Snapshot
6.6.3. Company Market Share Analysis
6.6.4. Company Product Portfolio
6.6.5. Recent Developments
6.6.6. SWOT Analysis
6.7. Clean Harbors
6.7.1. Business Overview
6.7.2. Company Snapshot
6.7.3. Company Market Share Analysis
6.7.4. Company Product Portfolio
6.7.5. Recent Developments
6.7.6. SWOT Analysis
6.8. Covanta Holding
6.8.1. Business Overview
6.8.2. Company Snapshot
6.8.3. Company Market Share Analysis
6.8.4. Company Product Portfolio
6.8.5. Recent Developments
6.8.6. SWOT Analysis
6.9. Daiseki
6.9.1. Business Overview
6.9.2. Company Snapshot
6.9.3. Company Market Share Analysis
6.9.4. Company Product Portfolio
6.9.5. Recent Developments
6.9.6. SWOT Analysis
6.10. Hitachi Zosen
6.10.1. Business Overview
6.10.2. Company Snapshot
6.10.3. Company Market Share Analysis
6.10.4. Company Product Portfolio
6.10.5. Recent Developments
6.10.6. SWOT Analysis
6.11. Environmental StoneWorks
6.11.1. Business Overview
6.11.2. Company Snapshot
6.11.3. Company Market Share Analysis
6.11.4. Company Product Portfolio
6.11.5. Recent Developments
6.11.6. SWOT Analysis
6.12. Granite Setts UK Ltd
6.12.1. Business Overview
6.12.2. Company Snapshot
6.12.3. Company Market Share Analysis
6.12.4. Company Product Portfolio
6.12.5. Recent Developments
6.12.6. SWOT Analysis
List of Table
1. Global Solid Waste Management Market, By Waste Type, 2019-2030 (USD Billion)
2. Global E-waste, Solid Waste Management Market, By Region, 2019-2030 (USD Billion)
3. Global Plastic Management, Solid Waste Management Market, By Region, 2019-2030 (USD Billion)
4. Global Hazardous, Solid Waste Management Market, By Region, 2019-2030 (USD Billion)
5. Global Bio-medical, Solid Waste Management Market, By Region, 2019-2030 (USD Billion)
6. Global Solid Waste Management Market, By Service, 2019-2030 (USD Billion)
7. Global Incineration, Solid Waste Management Market, By Region, 2019-2030 (USD Billion)
8. Global Open dumping, Solid Waste Management Market, By Region, 2019-2030 (USD Billion)
9. Global Landfill, Solid Waste Management Market, By Region, 2019-2030 (USD Billion)
10. Global Recycling, Solid Waste Management Market, By Region, 2019-2030 (USD Billion)
11. Global Solid Waste Management Market, By End User, 2019-2030 (USD Billion)
12. Global Residential, Solid Waste Management Market, By Region, 2019-2030 (USD Billion)
13. Global Commercial, Solid Waste Management Market, By Region, 2019-2030 (USD Billion)
14. Global Industrial, Solid Waste Management Market, By Region, 2019-2030 (USD Billion)
15. North America Solid Waste Management Market, By Waste Type, 2019-2030 (USD Billion)
16. North America Solid Waste Management Market, By Service, 2019-2030 (USD Billion)
17. North America Solid Waste Management Market, By End User, 2019-2030 (USD Billion)
18. U.S. Solid Waste Management Market, By Waste Type, 2019-2030 (USD Billion)
19. U.S. Solid Waste Management Market, By Service, 2019-2030 (USD Billion)
20. U.S. Solid Waste Management Market, By End User, 2019-2030 (USD Billion)
21. Canada Solid Waste Management Market, By Waste Type, 2019-2030 (USD Billion)
22. Canada Solid Waste Management Market, By Service, 2019-2030 (USD Billion)
23. Canada Solid Waste Management Market, By End User, 2019-2030 (USD Billion)
24. Mexico Solid Waste Management Market, By Waste Type, 2019-2030 (USD Billion)
25. Mexico Solid Waste Management Market, By Service, 2019-2030 (USD Billion)
26. Mexico Solid Waste Management Market, By End User, 2019-2030 (USD Billion)
27. Europe Solid Waste Management Market, By Waste Type, 2019-2030 (USD Billion)
28. Europe Solid Waste Management Market, By Service, 2019-2030 (USD Billion)
29. Europe Solid Waste Management Market, By End User, 2019-2030 (USD Billion)
30. Germany Solid Waste Management Market, By Waste Type, 2019-2030 (USD Billion)
31. Germany Solid Waste Management Market, By Service, 2019-2030 (USD Billion)
32. Germany Solid Waste Management Market, By End User, 2019-2030 (USD Billion)
33. France Solid Waste Management Market, By Waste Type, 2019-2030 (USD Billion)
34. France Solid Waste Management Market, By Service, 2019-2030 (USD Billion)
35. France Solid Waste Management Market, By End User, 2019-2030 (USD Billion)
36. U.K. Solid Waste Management Market, By Waste Type, 2019-2030 (USD Billion)
37. U.K. Solid Waste Management Market, By Service, 2019-2030 (USD Billion)
38. U.K. Solid Waste Management Market, By End User, 2019-2030 (USD Billion)
39. Italy Solid Waste Management Market, By Waste Type, 2019-2030 (USD Billion)
40. Italy Solid Waste Management Market, By Service, 2019-2030 (USD Billion)
41. Italy Solid Waste Management Market, By End User, 2019-2030 (USD Billion)
42. Spain Solid Waste Management Market, By Waste Type, 2019-2030 (USD Billion)
43. Spain Solid Waste Management Market, By Service, 2019-2030 (USD Billion)
44. Spain Solid Waste Management Market, By End User, 2019-2030 (USD Billion)
45. Asia Pacific Solid Waste Management Market, By Waste Type, 2019-2030 (USD Billion)
46. Asia Pacific Solid Waste Management Market, By Service, 2019-2030 (USD Billion)
47. Asia Pacific Solid Waste Management Market, By End User, 2019-2030 (USD Billion)
48. Japan Solid Waste Management Market, By Waste Type, 2019-2030 (USD Billion)
49. Japan Solid Waste Management Market, By Service, 2019-2030 (USD Billion)
50. Japan Solid Waste Management Market, By End User, 2019-2030 (USD Billion)
51. China Solid Waste Management Market, By Waste Type, 2019-2030 (USD Billion)
52. China Solid Waste Management Market, By Service, 2019-2030 (USD Billion)
53. China Solid Waste Management Market, By End User, 2019-2030 (USD Billion)
54. India Solid Waste Management Market, By Waste Type, 2019-2030 (USD Billion)
55. India Solid Waste Management Market, By Service, 2019-2030 (USD Billion)
56. India Solid Waste Management Market, By End User, 2019-2030 (USD Billion)
57. South America Solid Waste Management Market, By Waste Type, 2019-2030 (USD Billion)
58. South America Solid Waste Management Market, By Service, 2019-2030 (USD Billion)
59. South America Solid Waste Management Market, By End User, 2019-2030 (USD Billion)
60. Brazil Solid Waste Management Market, By Waste Type, 2019-2030 (USD Billion)
61. Brazil Solid Waste Management Market, By Service, 2019-2030 (USD Billion)
62. Brazil Solid Waste Management Market, By End User, 2019-2030 (USD Billion)
63. Middle East and Africa Solid Waste Management Market, By Waste Type, 2019-2030 (USD Billion)
64. Middle East and Africa Solid Waste Management Market, By Service, 2019-2030 (USD Billion)
65. Middle East and Africa Solid Waste Management Market, By End User, 2019-2030 (USD Billion)
66. UAE Solid Waste Management Market, By Waste Type, 2019-2030 (USD Billion)
67. UAE Solid Waste Management Market, By Service, 2019-2030 (USD Billion)
68. UAE Solid Waste Management Market, By End User, 2019-2030 (USD Billion)
69. South Africa Solid Waste Management Market, By Waste Type, 2019-2030 (USD Billion)
70. South Africa Solid Waste Management Market, By Service, 2019-2030 (USD Billion)
71. South Africa Solid Waste Management Market, By End User, 2019-2030 (USD Billion)
List of Figures
1. Global Solid Waste Management Market Segmentation
2. Global Solid Waste Management Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Solid Waste Management Market Attractiveness Analysis By Waste Type
9. Global Solid Waste Management Market Attractiveness Analysis By Service
10. Global Solid Waste Management Market Attractiveness Analysis By End User
11. Global Solid Waste Management Market Attractiveness Analysis By Region
12. Global Solid Waste Management Market: Dynamics
13. Global Solid Waste Management Market Share By Waste Type (2022 & 2030)
14. Global Solid Waste Management Market Share By Service (2022 & 2030)
15. Global Solid Waste Management Market Share By End User (2022 & 2030)
16. Global Solid Waste Management Market Share By Regions (2022 & 2030)
17. Global Solid Waste Management Market Share By Company (2021)
This study forecasts global, regional, and country revenue from 2019 to 2030. Brainy Insights has segmented the global solid waste management market based on the below-mentioned segments:
Global Solid Waste Management Market Waste Type:
Global Solid Waste Management Market by Service:
Global Solid Waste Management Market by End User:
Global Solid Waste Management Market by Region:
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