"Smart Strategies, Giving Speed to your Growth Trajectory"

Digital Waste Management Solution Market Size, Share & Industry Analysis, By Component (Hardware and Software and Services), By Waste Type (Recyclable, Non-recyclable, and Hazardous), By Application (Smart Cities, Commercial Establishments, and Private Organizations), and Regional Forecast 2024-2032

Last Updated: September 30, 2024 | Format: PDF | Report ID: FBI109841

 

KEY MARKET INSIGHTS

Play Audio Listen to Audio Version

The global digital waste management solution market size was valued at USD 2.61 billion in 2023. The market is projected to grow from USD 2.92 billion in 2024 to USD 7.69 billion by 2032, exhibiting a CAGR of 12.9% during the forecast period.


Digital, or smart, waste management solutions represent a paradigm shift in the waste collection industry. These solutions leverage the latest technologies to create a more efficient, cost-effective, and environmentally friendly ecosystem for managing waste materials. A key driving factor in this market is the increasing emphasis on sustainability and reducing the environmental impact of traditional waste management practices. Moreover, the adoption of the Internet of Things (IoT) and advanced analytics enables real-time monitoring and optimization of waste collection routes, leading to significant cost savings for municipalities and waste management companies.


Core Technology Stack:



  • Sensor-equipped Bins These bins provide real-time data on fill levels, enabling route optimization and improved scheduling.

  • RFID Tags For enhanced granularity, Radio Frequency Identification (RFID) tags can be used to track individual bins and specific waste streams and even grant residents access to designated bins.

  • Data Analytics Platform Collected data is analyzed using sophisticated software to identify trends, optimize collection routes, and inform strategic decision-making.

  • Internet of Things (IoT) Integration The network collects bins, trucks, processing facilities, and other components, facilitating real-time data exchange and communication.


Digital waste management systems offer personalized solutions through route optimization, reducing fuel consumption and operational costs. They also contribute to the circular economy by enhancing resource recovery through AI-powered sorting systems. Additionally, these systems also support deposit schemes, encouraging responsible disposal practices and waste reduction.


IMPACT of GENERATIVE AI


Leveraging Generative AI for Optimizing Waste Management Processes and Driving Sustainability Driving Market Expansion


Integrating Artificial Intelligence (AI) into digital waste management solutions has revolutionized the waste management industry by optimizing processes, enhancing efficiency, and reducing environmental impact. AI-powered systems leverage advanced algorithms to analyze vast amounts of data, enabling predictive modeling and real-time monitoring of waste generation, collection, and disposal processes.


This proactive approach allows waste management companies to optimize their routes, schedules, and resource allocation, thereby minimizing operational costs and reducing greenhouse gas emissions and carbon emissions. For instance,



  • In August 2023, BEEAH's waste collection and city cleaning division, Tandeef, introduced "Al City Vision" to enhance urban cleanliness. The initiative enables the use of 360-degree external cameras, which accurately assess waste bin status, overflow, and road cleanliness, promising to transform city maintenance and waste management. This AI-driven technology optimizes waste management processes, saving time and improving asset management.


Thus, integrating AI technologies into digital waste management solutions has brought transformative changes in the industry, enabling proactive, data-driven decision-making, optimizing resource utilization, and driving sustainability efforts.


Digital Waste Management Solution Market Trends


Integration of Deposit Return Schemes and Focus on ESG Goals to Enhance Sustainability and Circular Economy Initiatives


The integration of Deposit Return Schemes (DRS) into sustainability and circular economy initiatives represents a significant step forward in waste management strategies. DRS involves consumers paying a small deposit on beverage containers, which is refunded when the empty container is returned for recycling. This system incentivizes consumers to recycle and reduces the amount of waste that ends up in landfills or polluting the environment. By integrating DRS into broader sustainability and circular economy goals, governments and businesses can significantly enhance their waste management practices and contribute to a more sustainable future.


One of the key benefits of integrating DRS into sustainability and circular economy initiatives is the reduction of waste and litter. Beverage containers are a significant source of litter in many urban and natural environments. By implementing DRS, governments and businesses can encourage consumers to return these containers for recycling, thereby reducing litter and the environmental impact of these materials. This not only helps to create a cleaner and more pleasant environment but also reduces the resources needed to clean up and dispose of litter, contributing to overall waste reduction goals.



  • In January 2024, Poland made changes to its waste management system, which is aligned with EU directives, focusing on sustainability and circular economy goals. These changes included implementing the SUP Directive to reduce the impact of certain plastic products, introducing Extended Producer Responsibility (EPR) for packaging waste, and establishing a deposit system for beverage containers.


Request a Free sample to learn more about this report.


Digital Waste Management Solution Market Growth Factors


Government Aids and Regulations to Incentivize the Adoption of Digital Waste Management Technologies


The global governments are increasingly recognizing the importance of waste reduction and recycling technology in addressing environmental challenges. To promote these goals, many governments are implementing aids and regulations that incentivize the adoption of digital waste management solutions. These aids can take various forms, such as financial incentives, tax breaks, or subsidies, aimed at making it more cost-effective for businesses and individuals to invest in these technologies. Additionally, regulations are being put in place to mandate the use of digital waste management technologies in certain industries or regions, ensuring widespread adoption and adherence to best practices.


One of the key ways governments are supporting waste reduction and recycling is through financial aid and grants. These aids help businesses and municipalities offset the initial costs of implementing digital waste management solutions, making them more accessible to a wider range of stakeholders. Additionally, tax breaks or incentives further encourage adoption by reducing the ongoing costs associated with these technologies, such as maintenance and operation expenses. By providing financial support, governments effectively lower the barrier to entry for adopting digital waste management solutions, leading to increased uptake and improved waste management practices. For instance,



  • In June 2023, The Development Bank of the Philippines (DBP) provided USD 1.2 million in funding to Pacific Mactan Renewable Environmental Systems, Inc. for the construction of a fully integrated waste treatment and disposal facility in Cebu. This funding, part of the Sustainable Waste Management for Enhanced Environmental Protection Financing Program (SWEEP), aimed to establish an energy recovery system and digital waste management for over 200 firms in the Mactan Economic Zone I (MEZ) area.


RESTRAINING FACTORS


Integration with Existing Systems and Vulnerable Smart Bins to Disrupt Data Collection and Cause Logistical Issues


Challenges while integration with existing systems often arises due to differences in data formats, protocols, or interfaces between the new smart bin technology and legacy systems. These challenges hinder the seamless flow of data and communication between smart bins and other systems, leading to inefficiencies and data silos. Additionally, the vulnerability of smart bins to vandalism and theft poses a significant risk to their functionality and reliability. Instances of vandalism or theft can disrupt the operation of smart bins, leading to potential gaps in data collection and logistical difficulties in managing waste collection and disposal.



  • According to FNDC, in August 2022, a stainless steel Wi-Fi smart bin installed at Ōpononi had its door ripped off shortly after installation, funded through the government’s Tourism Infrastructure Fund. The damage was caused by someone trying to retrieve a USD 40 mobile phone top-up card, which resulted in repairs costing over USD 1000.


Digital Waste Management Solution Market Segmentation Analysis


By Component Analysis


Software and Services Segment to Thrive with Surging Demand for Cloud-based Scalable Software


By component, the market is segmented into hardware and software and services.


Software and services are projected to experience the highest growth rate as they offer data-driven optimization, scalability through cloud-based solutions. They enable the transition toward a circular economy through advanced analytics and IoT integration. As organizations prioritize digitalization and data-driven decision-making, the demand for software and services in the digital waste management sector is expected to surge.


Hardware solutions have dominated the digital waste management solution market share due to their tangibility and ease of integration with existing infrastructure.


By Waste Type Analysis


Circular Economy Initiatives to Fuel the Adoption of Recyclable Waste Technology


By waste type, the market is segmented into recyclable waste, non-recyclable waste, and hazardous waste.


Recyclable waste is projected to dominate the digital waste management solution market growth while also showcasing the highest growth rate during the forecast period. Recyclable waste consists of materials that can be processed and reused in manufacturing processes, reducing the need for virgin resources and contributing to a circular economy. A driving factor behind the dominance of recyclable waste is the increasing awareness and regulations surrounding waste reduction and resource conservation. Governments and organizations are actively promoting recycling initiatives, which has led to a surge in demand for efficient sorting and collection of recyclable materials through digital waste management solutions.


Non-recyclable waste comprises materials that cannot be economically or technically recycled, often requiring landfilling or incineration as disposal methods. Hazardous waste includes materials that pose a risk to human health or the environment due to their chemical, biological, or physical properties, requiring special handling and disposal methods.


To know how our report can help streamline your business, Speak to Analyst


By Application Analysis


Optimized Waste Collection Routes and Efficiency to Enhance Deployments in Smart Cities


By application, the market is segregated into smart cities, commercial establishments, and private organizations.


Commercial establishments are projected to dominate the market. In commercial establishments, digital waste bins equipped with fill-level sensors and RFID technology enable smart monitoring and waste collection. The applications consist of hospitals, food service, airports, and office complexes, among others. Private organizations benefit from digital waste management solutions that integrate with existing systems, providing analytical insights and scalability. The applications consist of waste collectors, universities, theme parks, and zoos, among others. A key driving factor behind the dominance of commercial establishments is the high volume of waste generated by these facilities, which include shopping malls, large office buildings, and hospitality venues, among others. Implementation of digital waste management solutions in these settings leads to substantial cost savings through optimized collection routes and reduced transportation expenses. Additionally, the need for efficient waste management to maintain cleanliness and comply with environmental regulations further drives the adoption of these solutions in commercial establishments.


Smart cities showcase the highest growth rate during the forecasted period. Smart cities leverage IoT sensors and data analytics to optimize waste collection routes, minimize operational costs, and enhance efficiency. The applications consist of cleaner spaces, public space recycling, municipalities, and transit, among others.


REGIONAL INSIGHTS


By geography, the market is studied across North America, South America, Europe, the Middle East and Africa, and Asia Pacific. These regions are further categorized into several dominating countries.


North America Digital Waste Management Solution Market Size, 2023 (USD Billion)

To get more information on the regional analysis of this market, Request a Free sample


North America holds the highest share in the digital waste management solution market as the region benefits from rapid technological advancements, infrastructure, and a mature IoT ecosystem, which enables the seamless integration of digital waste management systems into existing urban infrastructure. Additionally, the region has a strong regulatory framework and stringent environmental policies that mandate adopting sustainable waste management practices, driving the demand for digital waste solutions. Additionally, the growing trend toward smart city initiatives and sustainable urban development projects in North America has driven the deployment of digital waste management solutions. Cities across the region are investing in smart infrastructure and IoT-enabled systems to enhance the efficiency of waste collection, improve public health, and promote environmental conservation. For instance,



  • In February 2024, Mayor of New York City Eric Adams and Department of Sanitation (DSNY) Commissioner Jessica Tisch unveiled two significant initiatives to remove all trash from the city's streets and into secure containers. These include introducing automated side-loading garbage trucks and a data-driven containerization strategy. This marks a pivotal moment in New York City's quest to become the cleanest major city in the U.S.


Europe holds a significant share of the market. The region benefits from stringent environmental regulations and waste management policies prioritizing sustainability and resource conservation. These regulations drive the adoption of advanced waste management technologies, including digital waste solutions, to optimize waste collection, sorting, recycling, and disposal processes.


Asia Pacific is anticipated to experience the highest CAGR in the digital waste management solution market share. The rapid urbanization and industrialization in countries across the region are leading to increased waste generation, necessitating the adoption of advanced waste management technologies to address the growing environmental challenges. Additionally, rising population densities in urban areas are driving the demand for efficient waste collection, recycling, and disposal solutions to maintain public health and hygiene standards.


Moreover, the growing awareness of environmental sustainability and the need to minimize the ecological footprint drive governments and organizations to invest in digital waste management solutions. For instance,



  • In February 2024, Nakadai Holdings and SATO Holdings Corporation plan to conduct a proof of concept at Japan's Nakadai's Komagata plant. The aim is to develop a traceability system that visualizes the entire process, from waste collection and treatment to producing recycled raw materials. The trial aims to improve waste treatment and recycling methods, ensuring a stable supply of high-quality recycled materials as a domestic resource and contributing to establishing a circular economy.


The Middle East & Africa is expected to grow at the second-highest CAGR in the market due to rapid urbanization and population growth in urban areas across the region. This factor has led to increased waste generation, necessitating the adoption of advanced waste management technologies to address growing environmental concerns and regulatory requirements.


South America is expected to grow at an average rate in the market due to several factors, primarily rapid urbanization and industrialization, leading to increased waste generation from urban centers and industrial facilities. This trend necessitates the adoption of advanced waste management technologies to address growing environmental concerns and regulatory requirements.


List of Key Companies in Digital Waste Management Solution Market


Key players are Collaborating with Regional Governing Bodies to Deploy Extensive Digital Waste Management Solutions


Key players in various industries are strategically partnering and collaborating with the respective governing bodies to enhance their waste management systems and drive efficiency. This trend is driven by the recognition of the circular economy and the cost efficiency surrounding digital waste management tools. By leveraging AI, these solutions have offered automated sorting systems, collection efficiency, and route efficiency, among others.



  • For Instance, in March 2023, Rubicon Technologies Inc., a provider of waste and recycling management software, broadened its smart technology for government fleets to 11 cities across the U.S., primarily focusing on solid waste collection operations. The expansion includes cities such as  Surprise, Arizona; Rochester, New York; Dubuque, Iowa; High Point, North Carolina; Rockville, Maryland; Newton, Massachusetts; Galveston, Texas; North Platte, Nebraska; Cleveland Heights, Ohio; and Winchester, Virginia.


List of Key Companies Profiled:



  • Schneider Electric (France)

  • Rubicon Technologies, Inc. (U.S.)

  • Veolia (France)

  • c-trace GmbH (Germany)

  • AMCS Group (Ireland)

  • Waste Harmonics (U.S.)

  • ISB Global (U.K.)

  • SENSONEO (Slovakia)

  • Big Belly Solar, LLC. (U.S.)

  • Evreka (Turkey)


KEY INDUSTRY DEVELOPMENTS:



  • February 2024: George Mason University implemented 23 BigBelly zero waste stations on its Fairfax and Mason Square campuses, featuring solar-powered computing, recycling, and trash bins. These stations supported Mason’s sustainability goals through user-friendly design, technology upgrades, and capacity-based alerts, with five composting bins at outdoor patio sites to improve waste diversion rates.

  • February 2024: Veolia partnered with the Professional Pickleball Association (PPA Tour) for a three-year collaboration aimed at promoting environmental sustainability. This partnership focused on improving recycling rates and waste collection, providing sustainable waste refill stations, and enhancing the environmental performance of the PPA Tour.

  • February 2024: ZenRobotics launched its fourth-generation waste sorting robots, ZenRobotics 4.0, with upgraded AI and new features to enhance sorting efficiency. The robots automated waste management processes, replacing outdated manual sorting methods and helping companies meet modern recycling requirements.

  • October 2023: AMCS acquired FigBytes, a Sustainability Platform provider, to enhance its EHSQ and ESG solutions globally. This move underscored the company’s commitment to investing in the environmental services industries and enabled them to offer powerful cloud-based SaaS solutions to aid clients in achieving their sustainability goals and managing regulatory reporting.

  • September 2023: c-trace launched c-gap, a new system for automatically detecting improperly placed containers aimed at improving water disposal efficiency. It was developed to reduce costs and environmental impact, as it minimizes late collection trips caused by incorrectly provisioned containers.

  • September 2023: Rubicon Technologies partnered with the City of Phoenix in a five-year collaboration to digitize and enhance efficiency for the city's solid waste collection programs. Phoenix's Public Works Department implemented Rubicon's smart city software for waste and recycling collection.


REPORT COVERAGE


An Infographic Representation of Digital Waste Management Solution Market

To get information on various segments, share your queries with us



The report provides a detailed analysis of the market and focuses on key aspects such as leading companies, product/service types, and leading applications of the product. Besides, the report offers insights into the market trends and highlights key industry developments. In addition to the factors above, the report encompasses several factors that contributed to the growth of the market in recent years.


To gain extensive insights into the market, Request for Customization


Report Scope & Segmentation










































ATTRIBUTE



DETAILS



Study Period



2019-2032



Base Year



2023



Estimated Year



2024



Forecast Period



2024-2032



Historical Period



2019-2022



Growth Rate



CAGR of 12.9% from 2024 to 2032



Unit



Value (USD Billion)



 


 


 


 


 


 


 


 


 


 


 


 


 


 


Segmentation



By Component



  • Hardware

  • Software and Services


By Waste Type



  • Recyclable

  • Non-recyclable

  • Hazardous


By Application



  • Smart Cities

  • Commercial Establishments

  • Private Organizations


By Region



  • North America (By Component, Waste Type, Application, and Country)

    • U.S.

    • Canada

    • Mexico



  • South America (By Component, Waste Type, Application, and Country)

    • Brazil

    • Argentina

    • Rest of South America



  • Europe (By Component, Waste Type, Application, and Country)

    • U.K.

    • Germany

    • France

    • Italy

    • Spain

    • Russia

    • Benelux

    • Nordics

    • Rest of Europe



  • Middle East & Africa (By Component, Waste Type, Application, and Country)

    • Turkey

    • Israel

    • GCC

    • North Africa

    • South Africa

    • Rest of the Middle East & Africa



  • Asia Pacific (By Component, Waste Type, Application, and Country)

    • China

    • India

    • Japan

    • South Korea

    • ASEAN

    • Oceania

    • Rest of Asia Pacific








Frequently Asked Questions

The global market is projected to reach USD 7.69 billion by 2032.

In 2023, the global market was valued at USD 2.61 billion.

The market is projected to grow at a CAGR of 12.9% during the forecast period.

By waste type, the recyclable waste is expected to lead the market.

Government aid and regulations will incentivize the adoption of digital waste management technologies.

Schneider Electric, Rubicon Technologies, Inc., c-trace GmbH, AMCS Group, Waste Harmonics, ISB Global, Sensoneo, and Veolia are the top players operating in the market.

North America is expected to hold the highest market share.

By component, the software and services are expected to grow with the highest CAGR during the forecast period.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts
Speak to an Expert
  • 2019-2032
  • 2023
  • 2019-2022
  • 128
Multi-report Purchase Plan
    A Customized Plan Will be Created Based on the number of reports you wish to purchase
Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X