Global Waste Management Market Size (2024 - 2029)

Waste Management Market Analysis

The Global Waste Management Market size is estimated at USD 500.75 billion in 2024, and is expected to reach USD 625.81 billion by 2029, growing at a CAGR of greater than 4.55% during the forecast period (2024-2029).

Several key factors have led to the growth of the waste management market. First, the volume of waste produced has increased, and an effective waste management system is needed to cope with growing urbanization and population growth. The increased production of solid waste is due to the increase in consumption patterns and urban lifestyles, which makes it necessary to find innovative solutions for its efficient management. 

Second, there has been an increased demand for good waste management practices due to growing awareness about the need to protect the environment and sustainability. Consumers, industry, and governments recognize the importance of reducing waste and adopting recycling and circular economy approaches to reduce their environmental footprint.

Over 2 billion tonnes of municipal solid waste are produced worldwide every year, and this figure is projected to grow by approximately 70 % until 2050. Over 10,000 tonnes of waste per day were transported to the world's most giant landfills in 2022. In addition, especially in emerging countries, waste is frequently dumped at dangerous closed landfills. There is still much room for improvement and development, given that recycling rates vary widely from country to country.

Furthermore, the development of chemical, oil & gas, automotive, and medical sectors that produce vast amounts of waste and cause pollution is due to increased industrial production in developing countries like India, China or Taiwan.

Waste Management Industry Segmentation

The Waste Management (or waste disposal) market includes the activities and actions required to manage waste from its inception to its final disposal. This consists of the collection, transport, treatment, and disposal of waste and monitoring and regulation of the waste management process.

The global waste management report offers a complete background analysis of the Global waste management market, which includes an assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, and emerging trends in the market segments, market dynamics is covered in the report. The report also covers the impact of COVID-19 on the market.

The global waste management report is segmented by waste type (industrial waste, municipal solid waste, hazardous waste, e-waste, plastic waste, bio-medical waste, and other waste types), by disposal methods (landfills, incineration, and recycling), and by geography (North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America). For each segment, the market sizing and forecasts have been done based on volume (tons) and value (USD).