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Singapore Waste Management Market Size (2024 - 2029)

The Singapore waste management market is experiencing growth due to the country's limited space for waste disposal, which promotes recycling efforts. The market's scale is influenced by the management of municipal solid waste, including non-hazardous waste from various sources such as households and commercial establishments. The industry's capacity is determined by the total waste generated and the charges associated with landfill usage.

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Market Size of Singapore Waste Management Industry

Singapore Waste Management Market Summary
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

Singapore Waste Management Market 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 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
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Singapore Waste Management Market Size Summary

The waste management industry in Singapore is experiencing steady growth, driven by the country's limited land area and high population density, which necessitate efficient waste disposal and recycling systems. The industry primarily handles municipal solid waste, including non-hazardous waste from households, commercial establishments, and industrial processes. Singapore has implemented a comprehensive waste management strategy that emphasizes recycling and waste reduction, with significant efforts made in both residential and industrial sectors. The national recycling program, which includes conveniently located recycling bins and initiatives in schools, aims to raise awareness and encourage participation in sustainable practices. The country's advanced waste management system, which includes incineration plants and an offshore landfill facility, is designed to minimize land use while meeting the growing waste disposal needs.

Singapore's integrated waste management system focuses on collection, recovery, and treatment, with core strategies aimed at reducing, reusing, and recycling waste. The market is characterized by a fragmented landscape, offering numerous opportunities for new entrants. Local companies in Singapore operate across the entire waste management value chain, providing integrated services that optimize efficiency and promote sustainability. These companies, such as ecoWise and Sembcorp Environmental Management, have gained international recognition for their innovative solutions and have expanded their services globally. The market's growth is further supported by initiatives like the pay-as-you-throw fee structure and recycling services in industrial estates, which encourage waste generators to minimize disposal and enhance recycling efforts.

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Singapore Waste Management Market Size - Table of Contents

  1. 1. MARKET DYNAMICS AND INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Drivers

      1. 1.2.1 Rising Focus of the Govenrment

      2. 1.2.2 Increased utilization of disposable medical devices

    3. 1.3 Restraints

      1. 1.3.1 High Initial Cost

      2. 1.3.2 Lack of proper transportation methods

    4. 1.4 Opportunities

      1. 1.4.1 Technological Integration

    5. 1.5 Insights on the Logisitcs support and development in the waste management industry in Singapore

    6. 1.6 Insights on the strategies of the rising startups venturing into the Singaporean waste management industry

    7. 1.7 Technological advancement and innovation in the effective waste management

    8. 1.8 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.8.1 Threat of New Entrants

      2. 1.8.2 Bargaining Power of Consumers

      3. 1.8.3 Bargaining Power of Suppliers

      4. 1.8.4 Threat of Substitutes

      5. 1.8.5 Intensity of Competitive Rivalry

    9. 1.9 Brief on Singapore government regulations and initiatives

    10. 1.10 Value Chain/ Supply Chain Analysis

    11. 1.11 Impact of Covid-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Waste type

      1. 2.1.1 Industrial waste

      2. 2.1.2 Municipal solid waste

      3. 2.1.3 E-waste

      4. 2.1.4 Plastic waste

      5. 2.1.5 Bio-medical waste

    2. 2.2 By Disposal methods

      1. 2.2.1 Collection

      2. 2.2.2 Landfill

      3. 2.2.3 Incineration

      4. 2.2.4 Recycling

Singapore Waste Management Market Size FAQs

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.

In 2024, the Singapore Waste Management Market size is expected to reach USD 225.95 million.

Singapore Waste Management Market Report Snapshots

Singapore Waste Management Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)