Market Size of Asia-Pacific Waste Management Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 111.78 Billion |
| Market Size (2029) | USD 149.86 Billion |
| CAGR (2024 - 2029) | 6.04 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Asia-Pacific Waste Management Market Analysis
The APAC Waste Management Market size is estimated at USD 111.78 billion in 2024, and is expected to reach USD 149.86 billion by 2029, growing at a CAGR of 6.04% during the forecast period (2024-2029).
Over the past 50 years, waste generation has risen across all nations. However, Japan and Korea have recently shown a decline. For example, Korea's ongoing Extended Producer Responsibility (EPR) scheme mandates that product manufacturers collect and recycle the waste from their products. These governmental initiatives and regulations have helped waste management companies to operate effectively within the country.
Adopting cutting-edge technologies such as IoT, AI, and robotics in waste management processes is revolutionizing the industry. In September 2023, the Indian state of Meghalaya introduced an AI-enabled waste management method. The AI-enabled robotic boat collects vast quantities of garbage dumped in a lake. Compared to manual labor, this process is effective and less time-consuming.
The APAC region is seeing an increase in the demand for recycled materials. Countries are investing in advanced recycling technologies to process waste into reusable materials, creating new market opportunities for recycling businesses.
For instance, in May 2024, Ulsan College (UC) and the Ulsan International Development Cooperation Center (UIDCC) hosted a five-day capacity-building program in Ulsan, Republic of Korea, in partnership with the UNEP's International Environmental Technology Center. This event showcased advancements in plastic recycling technologies and emphasized community involvement in environmental initiatives.
