Asia-Pacific Industrial Waste Management Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 34.72 Billion |
| Market Size (2029) | USD 43.94 Billion |
| CAGR (2024 - 2029) | 4.82 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Asia-Pacific Industrial Waste Management Market Analysis
The APAC Industrial Waste Management Market size is estimated at USD 34.72 billion in 2024, and is expected to reach USD 43.94 billion by 2029, growing at a CAGR of 4.82% during the forecast period (2024-2029).
Rapid industrialization has led to significant waste generation, both solid and liquid, across various industrial sectors in China, including sugar, pulp and paper, food processing, distilleries, dairies, tanneries, and more. Despite pollution control measures being mandated, these wastes are often inadequately treated before being dumped on land or discharged into water bodies, resulting in substantial environmental pollution and health risks.
In 2022, China produced a staggering 41 billion metric tons of regular solid industrial waste, with only about a quarter being disposed of properly. This solid industrial waste encompasses tailings, fly ash, and furnace slag. The electric and thermal power generation industry was the largest contributor, accounting for over 22% of the total waste.
The top five industries generating solid waste were responsible for a hefty 3.2 billion metric tons, as reported by the Ministry of Ecology and Environment of the People's Republic of China. Meanwhile, in Japan, the fiscal year 2022 saw the generation of around 40 million metric tons of waste. Household waste dominated the figures, making up over 28.4 million metric tons, while business-related waste was notably less.
Recent trends indicate that containers and packaging materials, especially plastic ones used for food and beverages, have been the primary contributors to Japan's household waste. With a municipal waste incineration rate nearing 75%, incineration stands out as Japan's predominant waste treatment method, adept at significantly reducing waste volume. However, despite advancements in filtering technologies that curb fume release, the process still emits greenhouse gases, exacerbating air pollution and global warming concerns.
Japan's recycling rate has stagnated at around 20% for the past decade, marking it as one of the lowest among industrialized nations. The allure of takeaway food boxes and PET bottles from vending machines has intensified plastic waste concerns. In India, hazardous waste generation surged over 30% year-on-year in the fiscal year 2022. Electronic waste, too, has seen a consistent annual uptick since 2018, crossing the 1.6 million metric ton mark in 2022.
In the fiscal year 2023, India managed to process over 75% of its generated waste. Yet, with recycling rates barely exceeding 30% for most waste types, landfilling remains a prevalent method, evidenced by only 20% of plastic waste being recycled. India's waste management landscape features some of the world's largest landfills, notably in Mumbai and New Delhi. Other prevalent waste treatment methods include incineration and composting.
As of the fiscal year 2023, India boasted 73 compost plants under construction and 2,285 operational ones. Effective waste management in India often necessitates a blend of treatment methods customized to the unique traits of each waste stream.
In conclusion, the rapid industrialization in countries like China, Japan, and India has led to significant waste management challenges. While each country has adopted various methods to manage waste, including incineration, recycling, and composting, the effectiveness of these methods varies.
China faces a massive volume of industrial waste, Japan struggles with low recycling rates and high plastic waste, and India deals with large landfills and a growing amount of hazardous and electronic waste. Addressing these challenges requires a comprehensive approach that combines improved waste treatment technologies, stricter enforcement of pollution control measures, and increased public awareness and participation in recycling efforts. Only through such multifaceted strategies can these nations hope to mitigate the environmental and health impacts of industrial waste.
Asia-Pacific Industrial Waste Management Market Trends
Construction & Demolition Segment Dominates the Market
Rapid urbanization in developing economies across the APAC region, notably in China and India, is a key catalyst for market growth. The surge in urbanization spurs heightened construction activities, leading to an uptick in construction and demolition waste. India's construction sector produces an annual 150-500 million tonnes of construction and demolition (C&D) waste, resulting in challenges like unauthorized dumping and improper disposal.
A recent study by CSE, published in December 2023, highlights that India boasts around 27 operational C&D waste plants. These facilities collectively process about 13,000 to 14,000 tonnes daily. There are 26 to 27 more C&D waste plants either under construction or proposed across various cities.
The National Highways Authority of India emerges as a key consumer of recycled waste, complemented by metro rail projects and expansive infrastructure initiatives across the nation. Urban redevelopment projects are also on the rise. While these initiatives promise significant economic advancement for India, they concurrently generate vast amounts of C&D waste, underscoring the urgent need for effective recycling and management.
In 2022, China processed 1.8 billion tons of construction waste, with large and medium-sized cities alone contributing over two billion tons. This disparity highlights a gap between waste generation and processing capacity. In Japan, construction waste constitutes about 40% of the annual total waste, with projections of a 70% increase by 2025 if unaddressed.
Continuous government investments in public infrastructure, alongside the development of commercial facilities, corporate buildings, and industrial clusters, have spurred both demolition waste generation and recycling opportunities. The heightened emphasis on infrastructure development in burgeoning economies like China, Japan, and India is propelling market demand.
Builders and developers are increasingly turning to recycled construction materials, drawn by their cost-effectiveness, environmental benefits, and swift availability. However, many APAC nations grapple with limited capacities for recycling and reusing construction debris. In response, regional governments are establishing recycling facilities and enhancing the value chain to bolster recycling efforts.
In conclusion, the rapid urbanization and infrastructure development in Asia-Pacific, particularly in China, India, and Japan, are driving significant increases in construction and demolition waste. While this presents challenges, it also offers substantial opportunities for the recycling industry.
Governments and private sectors must collaborate to enhance recycling capacities and develop efficient waste management systems. By doing so, they can mitigate environmental impacts, promote sustainable development, and capitalize on the economic benefits of recycling construction materials.
China is Dominating the Market
China's economic development over the past three decades has led to a level of consumption and economic activity that would have been unimaginable to most of its population three decades ago. Rapid industrialization in China has not only spurred industrial activities but has also resulted in a surge of industrial waste.
This burgeoning industrialization has been a primary catalyst for the growth of the nation's industrial waste management market. In 2022, China produced a staggering 41 billion metric tons of regular solid industrial waste, with approximately 25% of it being disposed of. This solid industrial waste encompasses tailings, fly ash, and furnace slag.
Of the total, 0.89 billion metric tons were disposed of in 2022. Presently, most Chinese construction and demolition (C&D) companies primarily act as waste transportation entities, facilitating waste transfer, while only a handful are involved in the actual recycling and disposal of C&D waste.
China's burgeoning mining industry has spurred the development of domestic waste disposal machinery. Yet, when it comes to waste screening equipment, China's domestic versions lag in efficiency compared to their overseas counterparts. In 2022, China processed 1.8 billion tons of construction waste. Notably, large and medium-sized cities contributed over two billion tons of this construction waste.
This discrepancy highlights a gap between the waste generated and the nation's processing capacity. To tackle the challenges posed by industrial waste, China has been actively enforcing and tightening environmental regulations. These regulations not only address the challenges posed by industrial waste but also incentivize businesses to invest in advanced waste management solutions.
Historically, China has been a major importer of industrial and electronic waste from the United States and Europe. However, with the introduction of stricter waste import regulations in recent years, China has not only reshaped global waste trade dynamics but has also bolstered its domestic waste management capabilities. Furthermore, significant investments in waste management infrastructure, such as recycling facilities and waste-to-energy plants, are fueling the growth of the market in China.
China's rapid industrialization and economic growth have significantly impacted its industrial waste management market. The country's efforts to enforce stringent environmental regulations and invest in advanced waste management solutions are crucial steps toward addressing the challenges posed by industrial waste. As China continues to develop its waste management infrastructure and capabilities, it is poised to become a leader in sustainable waste management practices, setting an example for other nations to follow.
Asia-Pacific Industrial Waste Management Industry Overview
Major economies, notably China and India, dominate the APAC industrial waste management market, leading to its high concentration. This concentration is further fueled by stringent government regulations, rapid urbanization, economic growth, and the swift adoption of advanced technologies.
Technologies like smart sensors, AI, and data analytics are revolutionizing waste collection, segregation, and recycling processes, with their adoption being most pronounced in China and India. In a bid to combat industrial pollution and promote sustainability, governments across Asia-Pacific, especially in China and India, are rolling out stringent regulations.
For businesses, adhering to these regulations underscores the importance of investing in advanced waste management solutions. Key players in this market include Veolia Environnement SA, China Everbright Environment Group Ltd, Sembcorp Industries Ltd, Hitachi Zosen Corporation, and Daiseki Co. Ltd.
The industrial waste management market in Asia-Pacific is poised for significant growth, driven by the combined forces of regulatory pressure, technological advancements, and economic expansion. As major economies continue to lead in adopting advanced waste management practices, the market will likely see increased investments and innovations, ensuring sustainable industrial development in the region.
Asia-Pacific Industrial Waste Management Market Leaders
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Veolia Environnement S.A.
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China Everbright Environment Group Ltd
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Sembcorp Industries Ltd
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Hitachi Zosen Corporation
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Daiseki Co., Ltd
*Disclaimer: Major Players sorted in no particular order
Asia-Pacific Industrial Waste Management Market News
- March 2024: Bina Darulaman (BDB) teamed up with a Chinese firm to tackle an industrial waste management project. Raja Shahreen Raja Othman, BDB's executive director, highlighted that this collaboration aligns with the Kedah Development Plan 2035 (PPK 2035) and is a cornerstone of the organization's refreshed strategic direction. The global partnership seeks to merge the strengths of both companies, delivering effective solutions for managing industrial waste. These solutions aim to mitigate environmental harm, promote sustainable practices, and ensure compliance with all regulations.
- February 2024: Bollegraaf, the leading producer of recycling plants, has teamed up with Greyparrot, a pioneer in AI waste analysis, to enhance global waste management practices. Bollegraaf is transferring its AI vision business to Greyparrot and investing USD 12.8 million in cash. However, it will not retain control over the company. Furthermore, Bollegraaf will aid Greyparrot in distributing its Analyzer technology, which employs AI cameras to monitor waste in recycling plants across 14 countries.
Asia-Pacific Industrial Waste Management Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rapid Industrialization in Emerging Economies
4.2.2 Growing Awareness of Negative Environmental Impacts of Non-eco-friendly Packaging
4.3 Market Restraints
4.3.1 Lack of Awareness and Expertise
4.4 Market Opportunities
4.4.1 Adoption of Advanced Waste Management Solutions to Comply with Regulations
4.5 Value Chain/Supply Chain Analysis
4.6 Porter's Five ForceS Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Service
5.1.1 Recycling
5.1.2 Incineration
5.1.3 Landfill
5.2 By Waste Type
5.2.1 Construction & Demolition Waste
5.2.2 Manufacturing Waste
5.2.3 Agricultural Waste
5.2.4 Chemical Waste
5.2.5 Mining Waste
5.2.6 Oil & Gas Waste
5.2.7 Nuclear Waste
5.2.8 Other Types of Waste
5.3 By Country
5.3.1 India
5.3.2 China
5.3.3 Japan
5.3.4 South Korea
5.3.5 Rest of Asia-Pacific
6. COMPETITIVE LANDSCAPE
6.1 Market Overview Concentration
6.2 Company Profiles
6.2.1 Veolia Environnement SA
6.2.2 China Everbright Environment Group Ltd
6.2.3 Sembcorp Industries Ltd
6.2.4 Hitachi Zosen Corporation
6.2.5 Daiseki Co. Ltd
6.2.6 Waste Management Inc.
6.2.7 Republic Services Inc.
6.2.8 Stericycle Inc.
6.2.9 Clean Harbors Inc.
6.2.10 Shanghai Chengtou Holding Co. Ltd.*
- *List Not Exhaustive
6.3 Other Companies
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. APPENDIX
Asia-Pacific Industrial Waste Management Industry Segmentation
Industrial waste management encompasses the collection, transportation, treatment, and disposal of waste generated by organizations. This waste can range from contaminated soil and dry pesticides to hazardous chemical byproducts. The primary objective of this process is to ensure responsible and efficient waste disposal, thereby minimizing both the environmental impact and costs for the organization.
A complete background analysis of the APAC industrial waste management market, including the assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, emerging trends in the market segments, market dynamics, and geographical trends, and COVID-19 impact, is covered in the report. The market studied is segmented by service (recycling, incineration, and landfill), waste type (construction & demolition waste, manufacturing waste, agricultural waste, chemical waste, mining waste, oil & gas waste, nuclear waste, and other types of waste), and country (China, India, Japan, South Korea, and rest of Asia-Pacific). The report offers market size and forecasts in value (USD) for all the above segments.
| By Service | |
| Recycling | |
| Incineration | |
| Landfill |
| By Waste Type | |
| Construction & Demolition Waste | |
| Manufacturing Waste | |
| Agricultural Waste | |
| Chemical Waste | |
| Mining Waste | |
| Oil & Gas Waste | |
| Nuclear Waste | |
| Other Types of Waste |
| By Country | |
| India | |
| China | |
| Japan | |
| South Korea | |
| Rest of Asia-Pacific |
Asia-Pacific Industrial Waste Management Market Research FAQs
How big is the Asia-Pacific Industrial Waste Management Market?
The Asia-Pacific Industrial Waste Management Market size is expected to reach USD 34.72 billion in 2024 and grow at a CAGR of 4.82% to reach USD 43.94 billion by 2029.
What is the current Asia-Pacific Industrial Waste Management Market size?
In 2024, the Asia-Pacific Industrial Waste Management Market size is expected to reach USD 34.72 billion.
Who are the key players in Asia-Pacific Industrial Waste Management Market?
Veolia Environnement S.A., China Everbright Environment Group Ltd, Sembcorp Industries Ltd, Hitachi Zosen Corporation and Daiseki Co., Ltd are the major companies operating in the Asia-Pacific Industrial Waste Management Market.
What years does this Asia-Pacific Industrial Waste Management Market cover, and what was the market size in 2023?
In 2023, the Asia-Pacific Industrial Waste Management Market size was estimated at USD 33.05 billion. The report covers the Asia-Pacific Industrial Waste Management Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Industrial Waste Management Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Asia-Pacific Industrial Waste Management Industry Report
Statistics for the 2024 Asia-Pacific Industrial Waste Management market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Asia-Pacific Industrial Waste Management analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
