Global Industrial Waste Management Market Size, Share & Industry Trends Analysis Report By Service (Landfill, Recycling, and Incineration), By Waste Type, By Regional Outlook and Forecast, 2023 - 2030

Analysis of Market Size & Trends

The Global Industrial Waste Management Market size is expected to reach $1.6 Trillion by 2030, rising at a market growth of 5.6% CAGR during the forecast period.

Agricultural waste, particularly crop residues, and certain byproducts, can be used for bioenergy production through processes like anaerobic digestion or biomass combustion. Consequently, the agricultural waste segment would generate approximately 12.3% share of the market by 2030. Many countries have regulations governing the proper management and disposal of agricultural waste. These regulations often aim to reduce environmental impact and promote sustainable practices. Some of the factors affecting the market are sustainability and circular economy initiatives, expansion of technological advancements, and high initial capital costs.

Circular economy principles encourage industries to minimize waste generation at the source. By adopting sustainable production processes and reducing excess material use, companies can decrease the overall volume of waste, leading to a more efficient and eco-friendly industrial landscape. The concept of a circular economy promotes closed-loop systems where products are created to be recycled and reused. Sustainability and circular economy initiatives create a favorable environment for expanding the industrial waste management market. Moreover, Integration of sensors, RFID technology, and real-time monitoring systems allows for the creating smart waste management systems. These systems enable the efficient collection, tracking, and management of industrial waste, optimizing routes for waste collection trucks and reducing operational costs. Hazardous waste management requirements drive the market.

However, the substantial upfront costs can be a barrier to entry for smaller waste management companies or businesses. This can limit competition in the market and reduce options for industries seeking waste management services. High capital costs can affect the profit margins of waste management companies. Recovering these costs while remaining competitive may require higher service fees, potentially leading to increased costs for industries seeking waste management services. These aspects will decline the market growth in the coming years.

Waste Type Outlook

On the basis of waste type, the market is segmented into construction & demolition waste, manufacturing waste, chemical waste, mining waste, oil & gas waste, agriculture waste, nuclear waste, and others. In 2022, the construction & demolition waste segment dominated the market. Construction and demolition (C&D) waste is rendered during the construction, renovation, demolition, and deconstruction of buildings and infrastructure. It includes many materials, such as concrete, wood, metal, glass, and plastics. Construction and demolition activities contribute significantly to resource depletion. Proper waste management practices help conserve resources by promoting recycling and reuse.

Service Outlook

Based on service, the market is fragmented into landfill, recycling, and incineration. The recycling segment covered a considerable revenue share in the market in 2022. Recycling services include the collection of recyclable materials from industrial facilities. Materials are then sorted to separate different types of recyclables. Advanced sorting technologies, including automated sorting systems and manual sorting, are employed to ensure the quality of recyclable materials. Public awareness campaigns and educational programs help inform industrial stakeholders and the public about recycling and proper waste separation. Ongoing research and development efforts focus on innovative recycling technologies, such as advanced sorting systems, chemical recycling, and new methods for processing specific types of industrial waste.

Industrial Waste Management Market Report Coverage

Report Attribute	Details
Market size value in 2022	USD 1 Trillion
Market size forecast in 2030	USD 1.6 Trillion
Base Year	2022
Historical Period	2019 to 2021
Forecast Period	2023 to 2030
Revenue Growth Rate	CAGR of 5.6% from 2023 to 2030
Number of Pages	250
Number of Table	310
Report coverage	Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives
Segments covered	Service, Waste Type, Region
Country scope	North America (US, Canada, Mexico, and Rest of North America) Europe (Germany, UK, France, Russia, Spain, Italy, and Rest of Europe) Asia Pacific (China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific) LAMEA (Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA)
Companies Included	Veolia Environnement S.A., EnviroServe (Savage Companies), Covanta Holding Corp. (EQT AB (PUBL)), Waste Management, Inc., Stericycle, Inc., Daiseki Co., Ltd., Clean Harbors, Inc., Remondis SE & Co. KG, Republic Services, Inc. (Cascade Investment Group, Inc.), and Sembcorp Industries (Temasek International Pte Ltd)
Growth Drivers	Sustainability and circular economy initiatives Expansion of technological advancements
Restraints	High initial capital costs

Regional Outlook

Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. The Europe region acquired a substantial revenue share in the market in 2022. The focus on recycling and resource recovery is increasing in Europe. Industries are exploring innovative solutions to recycle industrial waste materials, reducing dependence on virgin resources and minimizing the environmental footprint. European public awareness of environmental issues is high, and consumers often expect businesses to demonstrate corporate responsibility. Companies are, therefore, integrating sustainable waste management practices into their corporate strategies to enhance their reputation and meet consumer expectations.

Free Valuable Insights: Global Industrial Waste Management Market size to reach USD 1.6 Trillion by 2030

The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Veolia Environnement S.A., EnviroServe (Savage Companies), Covanta Holding Corp. (EQT AB (PUBL)), Waste Management, Inc., Stericycle, Inc., Daiseki Co., Ltd., Clean Harbors, Inc., Remondis SE & Co. KG, Republic Services, Inc. (Cascade Investment Group, Inc.), and Sembcorp Industries (Temasek International Pte Ltd)

Strategies deployed in the Market

• Oct-2023: Veolia North America, a subsidiary of Veolia Environnement S.A., has successfully acquired U.S. Industrial Technologies, Inc., a fully licensed and insured company specializing in total waste and recycling solutions. This strategic move is aimed at enhancing Veolia North America's market presence in the United States for its environment solutions and services division.
• Apr-2022: Veolia Environment S.A. has introduced the world's largest biorefinery initiative, dedicated to generating CO2-neutral bio-methanol from pulp mill sources. With an annual production capacity of 12,000 tons, this groundbreaking project is poised to prevent up to 30,000 tons of CO2 emissions annually. By promoting European energy security, it aligns with the decarbonization objectives outlined in the European Green Deal, particularly in the realm of transportation.
• Jan-2022: Veolia Environment S.A. announced a joint venture with Carbon Clean Solutions Limited named Veolia Carbon. This partnership is dedicated to minimizing industrial carbon dioxide emissions, contributing to India's climate goals through a range of projects focused on carbon capture and compressed biogas.
• Nov-2021: Veolia Environment S.A has collaborated with EDF Energy to establish a joint venture named Waste2Glass. This initiative aims to pioneer inventive solutions for the treatment of radioactive waste. The partnership intends to leverage Veolia's Geomelt vitrification technology to develop a novel approach for the effective treatment of radioactive waste.
• Apr-2021: Veolia Environment S.A. has declared a merger with Suez SA, a French utility company primarily engaged in water and waste management. This merger will give rise to a new Suez entity, poised for substantial growth, boasting approximately €7 billion in revenues. Additionally, it facilitates the realization of Veolia's vision to establish a global leader in ecological transformation, generating around €37 billion in revenues. The Suez takeover bid ensures that all strategic assets identified by Veolia will be retained.
• Dec-2022: Covanta, a premier provider of environmental services for businesses and communities across North America, today announced the acquisition of SGS Recovery, Frontier Fibers and Buffalo Fuel Corp., a suite of full-service, non-hazardous industrial waste processing, logistics and product reuse operations located in Niagara Falls, NY.
• Feb-2022: Covanta Holdings Corp extended its partnership with Lee County solid waste recovery facility. With the help of these extended partnership Covanta will able to deliver a long-term environmental and economic solutions for the waste disposal for Lee County
• Apr-2023: Stericycle, Inc. has introduced a newly re-engineered product known as the one-gallon SafeDrop™ Sharps Mail Back and the one-gallon CsRx® Controlled Substance Wastage containers. With this release, Stericycle aims to contribute positively to the reduction of plastic waste while maintaining the integrity of their products.
• Oct-2021: Clean Harbors, Inc. has successfully acquired HPC Industrial, a prominent U.S. company specializing in industrial cleaning, specialty maintenance, and utilities services. This strategic move by Clean Harbors is geared towards incorporating HPC's cutting-edge automation and hands-free technology capabilities to enhance safety measures. The acquisition is anticipated to generate numerous cross-selling opportunities, leading to incremental waste within their network.
• Oct-2019: Remondis SE & Co. KG has entered into a partnership with Neste Corporation, a globally renowned provider of renewable diesel, jet fuel, and expertise in delivering renewable chemical solutions. Under this agreement, Remondis will acquire Neste to advance the development of chemical recycling for plastic waste, aiming to achieve an annual processing capacity exceeding 200 kilotons of plastic waste.

Scope of the Study

Market Segments Covered in the Report:

By Service

• Landfill
• Recycling
• Incineration

By Waste Type

• Construction & Demolition Waste
• Manufacturing Waste
• Mining Waste
• Agriculture Waste
• Chemical Waste
• Oil & Gas Waste
• Nuclear Waste
• Others

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

• Veolia Environnement S.A.
• EnviroServe (Savage Companies)
• Covanta Holding Corp. (EQT AB (PUBL))
• Waste Management, Inc.
• Stericycle, Inc.
• Daiseki Co., Ltd.
• Clean Harbors, Inc.
• Remondis SE & Co. KG
• Republic Services, Inc. (Cascade Investment Group, Inc.)
• Sembcorp Industries (Temasek International Pte Ltd)