Waste Management Industry Data Book Covers Plastic Waste Management, Food Waste Management and Waste Recycling Services Markets.
The economic value generated by the waste management industry was estimated at approximately USD 1.24 trillion in 2021.
Grand View Research’s waste management industry data book is a collection of market sizing information forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports and summary presentations on individual areas of research.
Liquid Waste Management Market Insights
The global liquid waste management market size was valued at USD 90.3 billion in 2018 and is expected to register a CAGR of 3.8% over the forecast period.
The residential sector is estimated to reach USD 49.32 billion by 2025 due to rising water utilization per household, resulting in increased wastewater generation. In addition, a positive residential construction outlook post-recession period is expected to augment water consumption, which is expected to work in favor of the market.
The automotive industry is expected to exhibit a CAGR of 4.1% over the forecast period, owing to the generation of sludge by OEMs and the automotive aftermarket service providers. Increasing awareness regarding sustainable automotive fluid collection and recycling of fluids, such as engine and motor oils, antifreeze, transmission and brake fluids, and solvents, is projected to fuel growth.
Liquid waste collection services accounted for 51.1% share of the overall revenue in 2018 and are differentiated on the frequency of collection, effluent type, volume, and type of equipment required. Increasing demand from different industries for collection services due to stringent regulatory norms is projected to drive the market demand over the forecast period.
Plastic Waste Management Market Insights
The global plastic waste management market size to be valued at USD 42.2 billion by 2027 and is expected to grow at a compound annual growth rate (CAGR) of 3.1% during the forecast period.
Based on service, the market for plastic waste management is segmented into, collection, recycling, incineration, and landfills. The recycling segment is anticipated to register the fastest growth of rate 4.9% over the forecast period owing to stringent government policies and a significant rise in infrastructure for recycling plastic. Recycled plastic has a wide variety of usage in producing cloths, carpets, garbage bags, films, containers, and bottles.
Based on polymers, Polypropylene (PP) is anticipated to grow with the fastest CAGR of 3.7% over the forecast period owing to its outstanding properties including high chemical resistance, fatigue resistance, and weldability. Polypropylene is easily available, low cost, and can adapt numerous fabrication techniques which makes it highly suitable for household and industrial applications.
Based on the source, the plastic waste management market is segmented into residential, commercial, and industrial. The residential segment projected to dominate the market and anticipated to witness a significant growth of 3.4% over the forecast period on account of the increasing population and rapid urbanization.
The packaging end-use segment is anticipated to be the largest and fastest-growing segment over the forecast period. The segment accounted for 44.6% of the overall market share in 2019 owing to the increasing demand for plastics for the packaging of products to protect, preserve, transport, and display information.
Access the Global Waste Management Industry Data Book, 2022 to 2030, compiled with details like market sizing information forecasts, trade data, pricing intelligence, competition benchmarking, macro-environmental analyses, and regulatory technological framework studies
Drilling Waste Management Market Insights
The global drilling waste management market size was valued over USD 4.02 billion in 2016 and is predicted to grow at CAGR of 6.57% by 2025 owing to tightening of global drilling waste management regulations coupled with growing environmental concerns towards effective drilling waste management.
Treatment Disposal is the dominant segment owing to the large-scale penetration as the process has been practiced over the past century. In 2016, Treatment Disposal contributed 38.18% of the revenues for drilling waste management market.
Onshore application segment is anticipated to be valued at USD 4.98 billion in 2025 as maximum drilling operations are land-based. As per a 2017 World Oil report, global onshore drilling witnessed an increase of 6.1% in 2016, however the offshore application grew at a meagre 1.4%. In 2016, offshore segment was valued at USD 1.01 billion and is expected to witness measured growth largely due to the slowdown in the OG sector, which is a major contributor to the drilling waste management market.
Food Waste Management Market Insights
The global food waste management market was valued at USD 69.8 billion in 2022 and is expected to register a compound annual growth rate (CAGR) of 5.4% from 2023 to 2030.
The fruit and vegetable segment dominated the market and accounted for 20.3% of the total revenue share in 2022 owing to improper handling, storage, processing, and cultivation of the produce. Improper storage and handling of fresh produce lead to spoilage, which, in turn, is expected to lead to higher amounts of waste as compared to other segments, thereby driving the demand for the food waste management market.
The residential source segment dominated the market and accounted for 44.2% of the total revenue share in 2022. Residential food waste is anticipated to increase due to the rapidly expanding population and changing lifestyles. Inadequate food management, excessive food preparation, excessive shopping, poor cooking skills, and inadequate storage are some factors that contribute to food waste in homes.
The collection segment dominated the market and accounted for 55.8% of the total revenue share in 2022. Segregation of food waste, loading, and unloading of waste, selection of a suitable area for food waste storage at a minimum distance from where the food waste is created, and food waste upkeep are part of food waste collection. Food waste collection companies must consider frequent cleaning and maintenance of these storage areas.
Waste Recycling Services Market Insights
The global waste recycling services market size to be valued at USD 81.3 billion by 2028 and is expected to grow at a compound annual growth rate (CAGR) of 5.2% during the forecast period.
The paper paperboard segment led the market and accounted for more than 41% of the global revenue share in 2020, owing to the increased generation of paper waste through packaging, newspapers, and containers. Changing consumer trends and demographic growth have boosted the growth of the e-commerce sectors, thereby augmenting the packaging demand.
The municipal segment led the market and accounted for 53.4% of the global revenue share in 2020. Municipalities are undertaking favorable policy decision for waste management that provides an opportunity not only to avoid the negative effects of waste, but also to recover resources, realize economic, environmental, social advantages, and take a step towards a more sustainable future, thereby augmenting the market growth.
Waste Management Market – Global Industry Segmentation
Plastic Waste Management Market: Service Estimates Trend Analysis
- Service Movement Analysis Market Share, 2019 2027
- Collection
- Recycling
- Incineration
- Landfills
Plastic Waste Management Market: Polymer Type Estimates Trend Analysis
- Polymer Type Movement Analysis Market Share, 2019 2027
- Polypropylene (PP)
- Low-density polyethylene (LDPE)
- High-density polyethylene (HDPE)
- Polyvinyl chloride (PVC)
- Polyurethane (PUR)
- Terephthalate (PET)
- Others
Plastic Waste Management Market: Source Estimates Trend Analysis
- Source Movement Analysis Market Share, 2019 2027
- Residential
- Commercial
- Industrial
Plastic Waste Management Market: End-Use Estimates Trend Analysis
- End-Use Movement Analysis Market Share, 2019 2027
- Packaging
- Textile
- Consumer Product
- Transportation
- Building Construction
- Electrical Electronics
- Others
Drilling Waste Management Market: Application Estimates Trend Analysis
- Application Market Introduction, 2016 2025
- Offshore
- Onshore
Drilling Waste Management Market: Service Estimates Trend Analysis
- Service Market Introduction, 2016 2025
- Treatment Disposal
- Solids Control
- Containment Handling
Food Waste Management Market - Waste Type Estimates Trend Analysis
- Food Waste Management Market - Waste Type Movement Analysis, 2018 2025
- Cereals
- Dairy Products
- Fruits Vegetables
- Meat
- Fish Seafood
- Processed Food
- Others
Food Waste Management Market - Process Estimates Trend Analysis
- Food Waste Management Market - Process Movement Analysis, 2018 2025
- Aerobic Digestion
- Anaerobic Digestion
- Combustion/Incineration
- Others
Food Waste Management Market - Application Estimates Trend Analysis
- Food Waste Management Market - Application Movement Analysis, 2018 2025
- Animal Feed
- Fertilizers
- Biofuel
- Power Generation
Food Waste Management Market - Source Estimates Trend Analysis
- Food Waste Management Market - Source Movement Analysis, 2018 2025
- Primary Food Producers
- Food Manufacturers
- Food Distributors Suppliers
- Food Service Providers
- Municipalities Households
Waste Recycling Services Market: Product Estimates Trend Analysis
- Product Movement Analysis Market Share, 2020 2028
- Paper Paperboard
- Metals
- Plastics
- Glass
- Food
- Bulbs, Batteries Electronics
- Yard Trimmings
- Others
Waste Recycling Services Market: Application Estimates Trend Analysis
- Application Movement Analysis Market Share, 2020 2028
- Municipal
- Industrial
- Others
Order your copy of the Free Sample of “Waste Management Industry Data Book - Plastic Waste Management, Food Waste Management and Waste Recycling Services Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research
Waste Management Industry Data Book Regional Outlook
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Latin America
- Brazil
- Argentina
- Middle East Africa (MEA)
- South Africa
- United Arab Emirates
Waste Management Industry Data Book Competitive Landscape
Strategies adopted by the companies usually include product portfolio expansion, collection network expansion, and geographic network expansion.
Key players operating in the waste management industry are –
- Veolia Group
- Waste Management Inc.
- Covanta Holding Corporation
- Stericycle, Inc.
- Clean Harbors, Inc.
- Biffa
- Hawkvale Limited, etc.
Go through the table of content of Waste Management Industry Data Book to get a better understanding of the Coverage Scope of the study
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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