"We Envision Growth Strategies Most Suited
to Your Business"

Industrial Waste Management Market to Amass USD 1,473.95 Billion by 2029; Development of Advanced Technologies to Elevate the Market

January 19, 2023 | Energy & Power

The global industrial waste management market size stood at USD 961.96 billion in 2021. The market value is slated to rise from USD 1,004.38 billion in 2022 to USD 1,473.95 billion by 2029 at a CAGR of 5.6% during 2022-2029.


Fortune Business Insights™ presents this information in its report titled “Industrial Waste Management Market Size, Share & COVID-19 Impact Analysis, By Waste Type (Construction & Demolition Waste, Manufacturing Waste, Chemical Waste, Mining Waste, Oil & Gas Waste, Agriculture Waste, Nuclear Waste, Others), By Service (Landfill, Recycling, Incineration), and Regional Forecasts, 2022-2029”.


Shutdown of Industrial Units and Reduced Waste Production Hindered Market Augmentation


Implementation of stringent lockdowns and social distancing norms resulted in the closure of industries, offices, and educational institutions worldwide. Most workplaces were functioning at 50% capacity as organizations limited their workforce to minimize human contact. This, in turn, decreased the total amount of waste generated and hindered the industrial waste management market growth.


Experts say the COVID-19 pandemic has highlighted the importance of managing waste to reduce long-term health risks to people and the environment, which is likely to generate lucrative opportunities for market growth. It has also resulted in a significant rise in medical waste, which mainly constitutes face masks, hand gloves, and protective gear.


Republic Services Inc. Acquires US Ecology Inc. to Expand Reach in the U.S. and Canada


In May 2022, Republic Services, Inc. acquired all pending shares of US Ecology, Inc. at USD 48 per share which places the company’s value at USD 2.2 billion. This acquisition expands the company’s footprint in environmental solutions in Canada and the U.S. It enables faster growth of the company, including additional acquisitions and cross selling revenue opportunity.


Development of Advanced Technologies to Spur the Market


Various emerging and developed economies are focusing on developing innovative industrial waste management technologies and better collection solutions. Economies are developing new technologies for waste collection. E-waste disposal is also gaining popularity around the world. Kuwait is the largest per capita producer of e-waste and utilizes the same landfills for e-waste and conventional waste.


Various industrial waste management technologies have been introduced in many regions worldwide, and different effective waste management techniques have been integrated into several countries around the globe which will propel the market. For example, the Dubai Municipality is installing smart weighbridges and electronic gates at all landfill sites to make them more sustainable.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/industry-reports/industrial-waste-management-market-100116


Acquisition of Other Prominent Companies Will Boost the Market


Industry leaders often make tactical decisions, such as mergers, partnerships, product launches, and investments, in advanced technology to strengthen their position in the global market and garner massive revenues. One such move is the acquisition of other leading companies to strengthen the company’s offerings. In October 2021, Remondis International GmbH acquired all shares of Veolia Recycling Solutions Nordic AB. Through this acquisition, REMONDIS aims to strengthen its position in Northern Europe region and is significantly expanding its business activities on the Swedish market.


Notable Industry Development



  • November 2021 – Waste Management Inc. announced its plans to invest USD 200 million in recycling infrastructure in 2022, bringing the company’s investment in recycling facilities to approximately USD 700 million since 2018. Surging demand for recycled content products will enable the Texas-based company to recycle more materials than usual.


List of Key Companies Profiled in the Report:



  • Veolia (France)

  • SUEZ (France)

  • Covanta (U.S.)

  • Waste Management Inc (U.S.)

  • Stericycle (U.S.)          

  • Daiseki Co., Ltd. (Japan)

  • CLEAN HARBORS INC. (U.S.)

  • REMONDIS SE & Co. KG (Germany)

  • Biffa (U.K.)

  • SembCorp (Singapore)

  • Republic Services, Inc. (U.S.)


Further Report Findings



  • Asia Pacific stood at USD 338.67 billion in 2021 and captured the largest industrial waste management market share. The region dominated the market owing to high population, expansion of industries, and increasing leftovers.

  • Based on service, the landfill segment dominated the market owing to widespread adoption.


Table of Segmentation 
















































  ATTRIBUTE



  DETAILS



Study Period



2018-2029



Base Year



2021



Estimated Year



2022



Forecast Period



2022-2029



Historical Period



2018-2020



Unit



Value (USD Billion)



Segmentation



By Waste Type, Service Type, and Region



 


Segmentation



By Waste Type



  • Construction & Demolition Waste

  • Manufacturing Waste

  • Chemical Waste

  • Mining Waste

  • Oil & Gas Waste

  • Agriculture Waste

  • Nuclear Waste

  • Others



By Service



  • Landfill

  • Recycling

  • Incineration



By Region



  • North America (By Waste Type, Service, and Country)

    • U.S. (By Service)

    • Canada (By Service)



  • Europe (By Waste Type, Service, and Country)

    • U.K. (By Service)

    • Germany (By Service)

    • France (By Service)

    • Italy (By Service)

    • Spain (By Service)

    • Rest of Europe (By Service)



  • Asia Pacific (By Waste Type, Service, and Country)

    • China (By Service)

    • India (By Service)

    • Japan (By Service)

    • Southeast Asia (By Service)

    • Rest of Asia Pacific (By Service)



  • Latin America (By Waste Type, Service, and Country)

    • Brazil (By Service)

    • Mexico (By Service)

    • Rest of Latin America (By Service)



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

    • GCC (By Service)

    • South Africa (By Service)

    • Rest of Middle East & Africa (By Service)




Global Industrial Waste Management Market
  • PDF
  • 2021
  • 2018-2020
  • 239

    CHOOSE LICENSE TYPE

  • 4850
    5850
    7850

Our Clients

Dow
Lek
Toshiba
Oecc
Itochu
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X