Singapore Waste Management Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 225.95 Million |
| Market Size (2029) | USD 258.27 Million |
| CAGR (2024 - 2029) | 2.70 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Singapore Waste Management Market Analysis
The Singapore Waste Management Market size is estimated at USD 225.95 million in 2024, and is expected to reach USD 258.27 million by 2029, growing at a CAGR of 2.70% during the forecast period (2024-2029).
Singaporean waste management market is growing at a decent pace as the country's smaller size gives it a little room for waste disposal and encourages recycling.
In 2017, the country had recycled 61% of its waste, according to the National Environment Agency. The rest is incinerated, with a slight fraction sent to landfill. The landfill "island," called Semakau, was created in 1999 and extended in 2015, with enough space to meet Singapore's waste disposal needs until at least 2035.
The waste management industry in Singapore majorly consists of all municipal solid waste (MSW) - including non-hazardous waste generated in households, commercial establishments, and institutions, and non-hazardous industrial process wastes, agricultural wastes, and sewage sludge. The industry's value represents the amount of total typical charge per ton for landfill multiplied by the volume of MSW generated. The industry's volume represents the total MSW generation.
Singapore Waste Management Market Trends
Growing Food and Beverage Sector in Singapore
Singapore’s food and beverage industry is a vital sector that contributes significantly to the country’s economy. The F&B industry in Singapore has undergone various changes in the last few years, with the COVID-19 pandemic impacting the industry’s growth and trends.
In 2022, the recycling rate for food waste generated in Singapore remained at the highest in the measured period, at 18 percent. In comparison, the food waste recycling rate was 13 percent in 2013 and has steadily increased over this period.
In Singapore, the impact of climatic shifts and supply disruptions can be distinctly felt by the city-state, which imports more than 90 percent of its food. To address this, the Singapore food agency has committed to gaining greater food resilience by setting a “30 by 30” goal, with the aim of producing 30 percent of local nutritional needs by 2030. However, with less than one percent of land designated for farming, Singapore must produce more with fewer resources. Faced with these challenges, the nation needs to reduce food waste while sustainably increasing food production.
In Singapore, food producers generally need help managing food waste due to the high cost of implementing waste management solutions. As a result, the city-state produced an estimated 813,000 tonnes of food waste, accounting for 12 percent of the total waste produced. At the same time, as many as 783 million people worldwide faced hunger in 2022.
Increase in E-waste Generation
Singapore generates about 60,000 tonnes of e-waste annually, which equals 70 devices per person.
Singapore's overall waste generation rose by 18 per cent last year - the first increase after four years of decline - as economic activity picked up after the loosening of COVID-19 restrictions. In all, about 6.94 million tonnes of solid waste were generated last year 2022, compared with the 5.88 million tonnes in 2020, said the National Environment Agency (NEA) in its annual waste and recycling report.
To nudge households to step up their recycling efforts, NEA is also planning to distribute recycling containers to those that want them in the later part of 2022.
To ensure compliance, Singapore’s government designated ALBA Group Asia, the regional branch of a German recycling company, as the program operator. The company is now responsible for not just keeping producers accountable, but also overseeing e-waste collection. Producers are required to hand over the waste they collect to ALBA, while the company also organizes collection drives and liaises with town councils to gather waste from across the nation. ALBA has also placed 600 e-waste bins in Singapore’s urban area, making it easy for people to dispose of their used waste.
Singapore Waste Management Industry Overview
Singapore Waste Management looks fragmented, offering many opportunities for new companies to enter the market. Singapore-based companies operate across the entire waste management value chain, from collection and recycling to waste treatment, energy recovery, and landfill management. They offer integrated services to optimize efficiency and deliver long-term, sustainable solutions. Major Players include Sembcorp Environmental Management Pte. Ltd. (Singapore), Veolia Environmental S.A, Colex Holdings Limited, ECO Industrial Environmental Engineering Pte Ltd, and Recycling Partners Pte. Ltd.
Singapore Waste Management Market Leaders
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Sembcorp Environmental Management Pte. Ltd. (Singapore)
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Veolia Environmental S.A
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Colex Holdings Limited
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ECO Industrial Environmental Engineering Pte Ltd
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Recycling Partners Pte. Ltd.
*Disclaimer: Major Players sorted in no particular order
Singapore Waste Management Market News
- December 2023: China's state-owned Beijing Capital Group has hired Citigroup to sell its wholly-owned Singapore waste management company ECO in a deal that could fetch USD 300 million to USD 400 million.
- May 2023: HONG KONG/SINGAPORE: U.S. private equity group KKR & Co. Inc and Australia's Macquarie Asset Management are among potential bidders for the waste and recycling management arm of Singapore's energy group Sembcorp in a deal that could value the unit at around USD 500 million.
Singapore Waste Management Market Report - Table of Contents
1. INTRODUCTION
1.1 Scope of the Study
1.2 Key Deliverables of the Study
1.3 Study Assumptions
2. RESEARCH METHODOLOGY
2.1 Analysis Methodology
2.2 Research Phases
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Drivers
4.2.1 Rising Focus of the Govenrment
4.2.2 Increased utilization of disposable medical devices
4.3 Restraints
4.3.1 High Initial Cost
4.3.2 Lack of proper transportation methods
4.4 Opportunities
4.4.1 Technological Integration
4.5 Insights on the Logisitcs support and development in the waste management industry in Singapore
4.6 Insights on the strategies of the rising startups venturing into the Singaporean waste management industry
4.7 Technological advancement and innovation in the effective waste management
4.8 Industry Attractiveness - Porter's Five Forces Analysis
4.8.1 Threat of New Entrants
4.8.2 Bargaining Power of Consumers
4.8.3 Bargaining Power of Suppliers
4.8.4 Threat of Substitutes
4.8.5 Intensity of Competitive Rivalry
4.9 Brief on Singapore government regulations and initiatives
4.10 Value Chain/ Supply Chain Analysis
4.11 Impact of Covid-19 on the Market
5. MARKET SEGMENTATION
5.1 By Waste type
5.1.1 Industrial waste
5.1.2 Municipal solid waste
5.1.3 E-waste
5.1.4 Plastic waste
5.1.5 Bio-medical waste
5.2 By Disposal methods
5.2.1 Collection
5.2.2 Landfill
5.2.3 Incineration
5.2.4 Recycling
6. COMPETITIVE LANDSCAPE
6.1 Overview (Market Concentration and Major Players)
6.2 Company Profiles
6.2.1 Singapore Waste Management Industry
6.2.2 Sembcorp Environmental Management Pte. Ltd. (Singapore)
6.2.3 Veolia Environmental S.A
6.2.4 Colex Holdings Limited
6.2.5 ECO Industrial Environmental Engineering Pte Ltd
6.2.6 Envipure
6.2.7 RICTEC PTE LTD
6.2.8 Indsutrial Wastes Auction
6.2.9 Recycling Partners Pte. Ltd.
6.2.10 CH E-Recycling
6.2.11 CITIC Envirotech Ltd*
- *List Not Exhaustive
6.3 OtherCompanies
7. FUTURE OF SINGAPORE WASTE MANAGEMENT INDUSTRY
8. APPENDIX
Singapore Waste Management Industry Segmentation
Waste management or waste disposal includes the processes and actions required to manage waste from its inception to its final disposal. This includes the collection, transport, treatment, and disposal of waste, together with monitoring and regulation of the waste management process and waste-related laws, technologies, and economic mechanisms.
A complete background analysis of the Singapore 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 Singapore waste management market is segmented by waste type (industrial waste, municipal solid waste, hazardous waste, e-waste, plastic waste, and bio-medical waste), and by disposal methods (collection, landfills, incineration, and recycling). The report offers market size and forecasts in (USD) values for all the above segments.
| By Waste type | |
| Industrial waste | |
| Municipal solid waste | |
| E-waste | |
| Plastic waste | |
| Bio-medical waste |
| By Disposal methods | |
| Collection | |
| Landfill | |
| Incineration | |
| Recycling |
Singapore Waste Management Market Research Faqs
How big is the Singapore Waste Management Market?
The Singapore Waste Management Market size is expected to reach USD 225.95 million in 2024 and grow at a CAGR of 2.70% to reach USD 258.27 million by 2029.
What is the current Singapore Waste Management Market size?
In 2024, the Singapore Waste Management Market size is expected to reach USD 225.95 million.
Who are the key players in Singapore Waste Management Market?
Sembcorp Environmental Management Pte. Ltd. (Singapore), Veolia Environmental S.A, Colex Holdings Limited, ECO Industrial Environmental Engineering Pte Ltd and Recycling Partners Pte. Ltd. are the major companies operating in the Singapore Waste Management Market.
What years does this Singapore Waste Management Market cover, and what was the market size in 2023?
In 2023, the Singapore Waste Management Market size was estimated at USD 219.85 million. The report covers the Singapore Waste Management Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Singapore Waste Management Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Singapore Waste Management Industry Report
Statistics for the 2024 Waste Disposal in Singapore market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Waste Disposal in Singapore analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Singapore Waste Management Market Report Snapshots
