Waste Management Market size to grow by USD 156.64 billion from 2021 to 2026 | BERTIN MEDICAL WASTE, Biffa Plc, Clean Harbors Inc., are some of the major vendors - Technavio

NEW YORK, July 5, 2023 /PRNewswire/ -- The waste management market share is expected to increase to USD 156.64 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.31%, according to Technavio. APAC is estimated to contribute 49% to the growth of the market during the forecast period. The market growth in the region is also considered faster than in the other regions. China and Japan are the major markets for waste management in the region. The major factor driving the market's growth is the need to provide cost-effective waste management services that can serve many industries. Furthermore, the emergence of India and China as global manufacturing hubs is also expected to drive the market. For example, on May 31, 2022, Attero Recycling Pvt. Ltd. announced its investment of USD 1 billion and expanded its business in Indonesia. In addition, end-user segments experience a rapid rise, including hospitality, retail, and education. Hence, these factors are expected to drive the market growth during the forecast period. - View the Sample report

Vendor Landscape

The waste management market is fragmented; the vendors are competing with competitors and are trying to get a greater market share. The market is growing, and the chances of new entrants cannot be overlooked. The major vendors have well-established economies of scale and market presence and generally rely on positioning technological advances and the price of the products -The report provides a full list of key vendors, their strategies, and the latest developments. Buy Now

Market Dynamics

Key Drivers and Challenges

The laws in Europe for recycling waste are one of the key factors driving the market growth. This growth is due to the strict environmental rules which are implemented by governments of various countries in this region and the Horizon 2020 project. Furthermore, the European market is considered the leader in composites recycling. Recent significant developments have propelled societal and technological drive to develop sustainable solutions for recycling composites. The composite material will play an important role in various sectors, such as the wind energy sector, aerospace, automotive, construction, and marine industries. Hence, these factors are expected to drive the market growth during the forecast period.

Huge capital investment to discard biomedical waste is one of the key challenges restricting market growth. This is due to the biomedical waste discharged from the healthcare industry, which includes infectious, toxic, and radioactive materials and sharp hypodermic needles, knives, and scalpels. These biomedical wastes are hazardous and toxic parts of waste. Furthermore, the treatment process for this kind of waste is very difficult as it requires high capital investment, a high-quality waste treatment unit, and a management facility, along with recruiting a skilled workforce. Hence, huge capital investment for biomedical waste management is expected to restrict the growth of the market during the forecast period.

Major Trends

Increasing demand for renewable cleaning is one of the major trends shaping the market. The main aim is to minimize the damage to the environment, improve the quality of performance, and cut costs. As a result, renewable or green cleaning has entered the cleaning industry. Water cleaning, high-flow fluid extraction, and steam vapor technology are the green cleaning processes that are used in industry. Furthermore, improving health and safety inside an industrial building reduces storage, purchase, and disposal costs and simplifies the use and cleaning operations are the various advantages of renewable cleaning. The adoption of green cleaning among industries is getting popular due to reducing costs and improving the health and safety of workers. Hence, these factors are expected to drive the market growth during the forecast period.

Drivers, Trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

Company Profiles

The waste management market report includes information on the product launches, sustainability, and prospects of leading vendors including BERTIN MEDICAL WASTE, Biffa Plc, Clean Harbors Inc., Covanta Holding Corp., Daiseki Co. Ltd., FCC Environment (UK) Ltd., GEPIL, Hasiru Dala Innovations Pvt Ltd., HFCL Ltd., Hitachi Zosen Corp., SAAHAS WASTE MANAGEMENT Pvt Ltd., SUEZ SA, URBASER SA, US Ecology Inc., Valicor Inc., Veolia Environment SA, Waste Connections Inc., Waste Management Inc., and Stericycle Inc..

Competitive Analysis

The report includes competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share, among others.

 Market Segmentation

The market is segmented by service type (landfill, open dumping, incineration, recycling, composting, and anaerobic digestion) and geography (APAC, North America, Europe, Middle East and Africa, and South America).

• The waste management market share growth in the landfill segment will be significant during the forecast period. The disposal sites for waste management are known as landfills. Commercial solid waste, nonhazardous sludge, and industrial nonhazardous solid waste are considered landfill wastes. This is because this waste is buried in the land.  These wastes break down at a very slow rate, and the remains decomposed. Hence, these factors are expected to drive the waste management market during the forecast period.

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The smart waste management market size is estimated to grow at a CAGR of 8.96% between 2022 and 2027 and the size of the market is forecast to increase by USD 2,831.49 million. Furthermore, this report extensively covers market segmentation by type (solid waste, special waste, and e-waste), application (collection, landfill, recovery and recycling, and processing), and geography (North America, Europe, APAC, South America, and the Middle East and Africa). Increasing urbanization is a key factor driving the market growth during the forecast period.

The medical waste management market size is estimated to grow at a CAGR of 5.5% between 2022 and 2027 and the size of the market is forecast to increase by USD 3,323.84 million. Furthermore, this report extensively covers market segmentation by type (non-hazardous and hazardous), technique (offsite treatment and onsite treatment), and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The growing healthcare industry is a key factor driving the market growth during the forecast period.

Table of Contents

1 Executive Summary

• 1.1 Market Overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Service Type
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Service Type

• 5.1 Market segments
• Exhibit 24: Chart on Service Type - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Service Type - Market share 2021-2026 (%)

• 5.2 Comparison by Service Type 
• Exhibit 26: Chart on Comparison by Service Type
• Exhibit 27: Data Table on Comparison by Service Type

• 5.3 Landfill - Market size and forecast 2021-2026 
• Exhibit 28: Chart on Landfill - Market size and forecast 2021-2026 ($ billion)
• Exhibit 29: Data Table on Landfill - Market size and forecast 2021-2026 ($ billion)
• Exhibit 30: Chart on Landfill - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Landfill - Year-over-year growth 2021-2026 (%)

• 5.4 Open dumping - Market size and forecast 2021-2026 
• Exhibit 32: Chart on Open dumping - Market size and forecast 2021-2026 ($ billion)
• Exhibit 33: Data Table on Open dumping - Market size and forecast 2021-2026 ($ billion)
• Exhibit 34: Chart on Open dumping - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Open dumping - Year-over-year growth 2021-2026 (%)

• 5.5 Incineration - Market size and forecast 2021-2026 
• Exhibit 36: Chart on Incineration - Market size and forecast 2021-2026 ($ billion)
• Exhibit 37: Data Table on Incineration - Market size and forecast 2021-2026 ($ billion)
• Exhibit 38: Chart on Incineration - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on Incineration - Year-over-year growth 2021-2026 (%)

• 5.6 Recycling - Market size and forecast 2021-2026 
• Exhibit 40: Chart on Recycling - Market size and forecast 2021-2026 ($ billion)
• Exhibit 41: Data Table on Recycling - Market size and forecast 2021-2026 ($ billion)
• Exhibit 42: Chart on Recycling - Year-over-year growth 2021-2026 (%)
• Exhibit 43: Data Table on Recycling - Year-over-year growth 2021-2026 (%)

• 5.7 Composting and anaerobic digestion - Market size and forecast 2021-2026 
• Exhibit 44: Chart on Composting and anaerobic digestion - Market size and forecast 2021-2026 ($ billion)
• Exhibit 45: Data Table on Composting and anaerobic digestion - Market size and forecast 2021-2026 ($ billion)
• Exhibit 46: Chart on Composting and anaerobic digestion - Year-over-year growth 2021-2026 (%)
• Exhibit 47: Data Table on Composting and anaerobic digestion - Year-over-year growth 2021-2026 (%)

• 5.8 Market opportunity by Service Type 
• Exhibit 48: Market opportunity by Service Type ($ billion)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 50: Chart on Market share by geography 2021-2026 (%)
• Exhibit 51: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 52: Chart on Geographic comparison
• Exhibit 53: Data Table on Geographic comparison

• 7.3 APAC - Market size and forecast 2021-2026 
• Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
• Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
• Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.4 North America - Market size and forecast 2021-2026 
• Exhibit 58: Chart on North America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 59: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 60: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.5 Europe - Market size and forecast 2021-2026 
• Exhibit 62: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
• Exhibit 63: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
• Exhibit 64: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.6 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
• Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
• Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.7 South America - Market size and forecast 2021-2026 
• Exhibit 70: Chart on South America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 71: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 72: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.8 China - Market size and forecast 2021-2026 
• Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ billion)
• Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ billion)
• Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.9 US - Market size and forecast 2021-2026 
• Exhibit 78: Chart on US - Market size and forecast 2021-2026 ($ billion)
• Exhibit 79: Data Table on US - Market size and forecast 2021-2026 ($ billion)
• Exhibit 80: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.10 Japan - Market size and forecast 2021-2026 
• Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
• Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
• Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.11 Germany - Market size and forecast 2021-2026 
• Exhibit 86: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
• Exhibit 87: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
• Exhibit 88: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 89: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.12 UK - Market size and forecast 2021-2026 
• Exhibit 90: Chart on UK - Market size and forecast 2021-2026 ($ billion)
• Exhibit 91: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
• Exhibit 92: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 93: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 94: Market opportunity by geography ($ billion)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 95: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 96: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 97: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 98: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 99: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 100: Matrix on vendor position and classification

• 10.3 Biffa Plc
• Exhibit 101: Biffa Plc - Overview
• Exhibit 102: Biffa Plc - Business segments
• Exhibit 103: Biffa Plc - Key offerings
• Exhibit 104: Biffa Plc - Segment focus

• 10.4 Clean Harbors Inc.
• Exhibit 105: Clean Harbors Inc. - Overview
• Exhibit 106: Clean Harbors Inc. - Business segments
• Exhibit 107: Clean Harbors Inc. - Key offerings
• Exhibit 108: Clean Harbors Inc. - Segment focus

• 10.5 Covanta Holding Corp. 
• Exhibit 109: Covanta Holding Corp. - Overview
• Exhibit 110: Covanta Holding Corp. - Product / Service
• Exhibit 111: Covanta Holding Corp. - Key offerings

• 10.6 Daiseki Co. Ltd.
• Exhibit 112: Daiseki Co. Ltd. - Overview
• Exhibit 113: Daiseki Co. Ltd. - Product / Service
• Exhibit 114: Daiseki Co. Ltd. - Key offerings

• 10.7 Hitachi Zosen Corp.
• Exhibit 115: Hitachi Zosen Corp. - Overview
• Exhibit 116: Hitachi Zosen Corp. - Business segments
• Exhibit 117: Hitachi Zosen Corp. - Key offerings
• Exhibit 118: Hitachi Zosen Corp. - Segment focus

• 10.8 SUEZ SA
• Exhibit 119: SUEZ SA - Overview
• Exhibit 120: SUEZ SA - Business segments
• Exhibit 121: SUEZ SA - Key offerings
• Exhibit 122: SUEZ SA - Segment focus

• 10.9 Valicor Inc.
• Exhibit 123: Valicor Inc. - Overview
• Exhibit 124: Valicor Inc. - Product / Service
• Exhibit 125: Valicor Inc. - Key offerings

• 10.10 Veolia Environment SA 
• Exhibit 126: Veolia Environment SA - Overview
• Exhibit 127: Veolia Environment SA - Business segments
• Exhibit 128: Veolia Environment SA - Key offerings
• Exhibit 129: Veolia Environment SA - Segment focus

• 10.11 Waste Connections Inc. 
• Exhibit 130: Waste Connections Inc. - Overview
• Exhibit 131: Waste Connections Inc. - Business segments
• Exhibit 132: Waste Connections Inc. - Key offerings
• Exhibit 133: Waste Connections Inc. - Segment focus

• 10.12 Waste Management Inc. 
• Exhibit 134: Waste Management Inc. - Overview
• Exhibit 135: Waste Management Inc. - Product / Service
• Exhibit 136: Waste Management Inc. - Key offerings

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 137: Inclusions checklist
• Exhibit 138: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 139: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 140: Research methodology
• Exhibit 141: Validation techniques employed for market sizing
• Exhibit 142: Information sources

• 11.5 List of abbreviations
• Exhibit 143: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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