Solid Waste Management Market Analysis | 2023-2028

Solid Waste Management Market Analysis | 2023-2028

Solid Waste Management Market Analysis | 2023-2028
Report code - SR1683 Delivery - 2 Weeks
Solid Waste Management Market Size, Share, Trends, Dynamics, Forecast, & Growth A See more...

Market Insights

The solid waste management market was estimated at USD 1249.43 billion in 2022 and is likely to grow at a CAGR of 2.69% during 2023-2028 to reach USD 1470.27 billion in 2028.

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Market Dynamics

Introduction

Solid waste management refers to the collecting, treating, and disposing of solid material which is discarded as it has served its purpose and is no longer useful. Solid waste management helps in getting rid of most of the solid waste matter properly and maintains cleanliness and safety in the communities.

COVID-19 Impact

The COVID-19 pandemic has adversely affected the solid waste management industry as a result of the shutdown of government and municipal activities due to the limited workforce and social distancing norms. Municipal waste operators adapted their waste management systems and procedures to the pandemic. Moreover, supply chain disruption and restricted transportation further affected market growth amid the pandemic.

Market Drivers

Declining public health and productivity, contamination of water bodies, and airborne emissions are some of the key issues associated with the mismanagement of solid waste. Growing urbanization along with a steady increase in the global population has ticked up the implementation of solid waste management processes for discarded products while maintaining the social, technical, and economic feasibility of the treatment practices. Ongoing efforts toward resource recovery and the increasing demand for integrated solid waste management practices across urban agglomerates will augment the market growth.

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Key Players

Key players operating in the market are:

  • Biffa Group (UK)
  • Green Conversion Systems (US)
  • Amec Foster Wheeler (UK)
  • Xcel Energy (US)
  • Recology (US)
  • Hitachi Zosen (Japan)
  • Covanta Holding Corporation (US)
  • Keppel Seghers (Belgium)
  • Plasco Conversion Technologies (Canada)
  • Wheelabrator Technologies (US)

Note: The above list does not necessarily include all the top players in the market.

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Segment Analysis

Segmentations

List of Sub-Segments

Segments with High Growth Opportunity

Waste Type Analysis

Municipal Solid Waste, Industrial Solid Waste

The municipal solid waste segment held the largest market share in 2022 and is likely to grow at a considered CAGR during the forecast period.

Regional Analysis

North America, Europe, Asia-Pacific, and Rest of the World

Asia Pacific market held a significant market share in 2022 and is projected to grow at a healthy CAGR in the coming years.

By Waste Type

Based on waste type, the solid waste management market has been classified into municipal solid waste and industrial solid waste. Under these, the municipal solid waste segment held the largest market share in 2022 and is likely to grow at a considered CAGR during the forecast period. The demand for municipal solid waste management is growing across the residential sector owing to rapid urbanization along with rising consumer spending toward manufactured goods, thereby bolstering the segment growth.

Regional Insights

By region, the Asia Pacific market held a significant market share in 2022 and is projected to grow at a healthy CAGR in the coming years. This is mainly ascribed to the rapidly growing population, a large presence of a strong manufacturing sector, and rising consumer spending. This resulted in an expansion of the existing waste collection & treatment facilities to improve its efficiency and effectively manage the solid waste, which further proliferates the regional market growth.

Solid-Waste-Management-Market-Regional-Insights

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Research Methodology

  • This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects solid waste management market realities and future market possibilities for the forecast period.
  • The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
  • The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
  • This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
  • More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
  • We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis.
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
  • Market trend and forecast analysis.
  • Market segment trend and forecast.
  • Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
  • COVID-19 impact and its recovery curve
  • Attractive market segments and associated growth opportunities.
  • Emerging trends.
  • Strategic growth opportunities for the existing and new players.
  • Key success factors.

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The solid waste management market is segmented into the following categories.

By Waste Type

  • Municipal Solid Waste
  • Industrial Solid Waste

By End-Use Type

  • Collection Services
  • Landfills
  • Recycling
  • Waste to Energy Incineration
  • Composting and Anaerobic Digestion
  • Others

By Region

  • North America (Country Analysis: The USA, Canada, and Mexico)
  • Europe (Country Analysis: Germany, France, The UK, Russia, Norway, and the rest of Europe)
  • Asia-Pacific (Country Analysis: China, India, Japan, Australia, Indonesia, and the rest of Asia-Pacific)
  • Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)

Solid-Waste-Management-Market-Segmentation

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Report Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

  • Detailed profiling of additional market players (up to three players)
  • SWOT analysis of key players (up to three players)

Competitive Benchmarking

  • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@Stratviewresearch.com.

Frequently Asked Questions (FAQs)

Solid waste management, refers to the collecting, treating, and disposing of solid material, which is discarded as it has served its purpose and is no longer useful. Solid waste management helps in getting rid of most of the solid waste matter properly and maintains cleanliness and safety in the communities.

The solid waste management market was estimated at USD 1249.43 billion in 2022.

The solid waste management market is likely to reach USD 1470.27 billion in 2028.

The solid waste management market is likely to grow at a CAGR of 2.69% during 2023-2028.

Biffa Group (UK), Green Conversion Systems (US), Amec Foster Wheeler (UK), Xcel Energy (US), Recology (US), Hitachi Zosen (Japan), Covanta Holding Corporation (US), Keppel Seghers (Belgium), Plasco Conversion Technologies (Canada), and Wheelabrator Technologies (US) are among the top players in the market.

The municipal solid waste segment held the largest share of the market in 2022.

Asia-Pacific is expected to hold the largest share of the market.

Declining public health & productivity, contamination of water bodies, and airborne emissions are some of the key issues associated with the mismanagement of solid waste. Growing urbanization along with a steady increase in the global population has ticked up the implementation of solid waste management processes for discarded products while maintaining the social, technical, and economic feasibility of the treatment practices. Ongoing efforts toward resource recovery and the increasing demand for integrated solid waste management practices across urban agglomerates will augment the market growth.