Solid Waste Management Market Insights: Top Companies, Demand, and Forecast to 2030
Global Solid Waste Management Market Overview:
The global solid waste management market encompasses a wide range of services and solutions aimed at efficiently collecting, transporting, processing, recycling, and disposing of solid waste.
With a projected compound annual growth rate (CAGR) of 3.50% during the forecast period from 2023 to 2032, the industry is expected to experience steady expansion and grow from USD 298.5 Billion in 2023 to USD 393.1 Billion by 2032.
Market Drivers
Rising Urbanization: As populations in urban areas grow, the amount of waste generated increases significantly, putting pressure on waste management systems.
Environmental Concerns: Increasing awareness about environmental pollution and the need for sustainable waste management practices has led to the implementation of stricter regulations and the adoption of waste-to-energy technologies.
Government Regulations: Governments worldwide are implementing regulations to reduce waste generation, promote recycling, and minimize landfilling.
Technological Advancements: Innovations in waste sorting, recycling, and waste-to-energy technologies are improving the efficiency and sustainability of waste management processes.
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Key Players
Key Companies in the Solid Waste Management market include
• Waste Management Inc. (USA)
• SUEZ Group (France)
• Veolia Environment S.A. (France)
• Biffa PLC (U.K.)
• Clean Harbors Inc. (USA)
• Covanta Holdings Corporation (USA)
• Hitachi Zosen Corporation (Japan)
• Remondis AG & Co. Kg (Germany)
• Republic Services Inc. (USA)
• Stericycle Inc. (USA)
• Advanced Disposal Services Inc. (USA)
• ALBA Group (Germany)
• Recology (USA)
• TANA Oy (Finland)
• Envac Group (Sweden)
Solid Waste Management Market Segmentation
Solid Waste Management Waste Type Outlook
• Industrial Waste
• Municipal Waste
Solid Waste Management Treatment Method Outlook
• Collection
• Processing
• Disposal
Solid Waste Management Regional Outlook
• North America
• Europe
• Asia-Pacific
• Rest of the World
Solid Waste Management Industry Developments
May 2021:
Eramet and SUEZ Collaboration: Eramet and SUEZ's collaboration in end-of-life electric vehicle battery recycling demonstrates a concerted effort to address the challenges of recycling electric vehicle batteries, which can contain valuable metals but also pose environmental risks if not managed properly. The collaboration's goal to offer an implementable, affordable, and practical battery recycling option aligns with the growing demand for sustainable solutions in the electric vehicle industry.
Veolia and Groupe Renault Partnership: Veolia and Groupe Renault's partnership to use closed-loop recycling for supplying EV battery metals emphasizes the importance of circular economy principles. Closed-loop recycling involves recovering materials from end-of-life products and reintroducing them into new products, reducing the need for virgin resources. This partnership aims to contribute to a more sustainable supply chain for electric vehicle batteries.
February 2021:
Acquisition of Company Shop Group by Biffa Group: The acquisition of Company Shop Group by Biffa Group underscores the significance of redistributing and minimizing waste in various forms, including leftover food and household goods. This aligns with the broader goal of reducing waste sent to landfills and promoting a more efficient use of resources. Such acquisitions can contribute to enhancing waste management practices and reducing environmental impact.
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