Solid Waste Management Market is predicted to reach USD 393.1 billion at a CAGR of 3.50% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “global Solid Waste Management Market”.

The Solid Waste Management market is estimated to register a CAGR of 3.50% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Solid Waste Management market— Waste Management Inc. (USA), SUEZ Group (France), Veolia Environment S.A. (France), Biffa PLC (U.K.), Clean Harbors Inc. (USA), Covanta Holdings Corporation (USA), Hitachi Zosen Corporation (Japan), Remondis AG & Co. Kg (Germany), Republic Services Inc. (USA), Stericycle Inc. (USA), Advanced Disposal Services Inc. (USA), ALBA Group (Germany), Recology (USA), TANA Oy (Finland), Envac Group (Sweden) and others.

Market Highlights

The global solid waste management market is accounted to register a CAGR of 3.50% during the forecast period and is estimated to reach USD 393.1 Billion by 2032.

The market for solid waste management, which focuses on the collection, transportation, treatment, and disposal of solid waste, is expanding. The market is driven by rising urbanisation, industrialization, and environmental concerns. The global solid waste management market is being significantly shaped by innovations in recycling, waste-to-energy technology, and sustainable practises.

Segment Analysis

The global solid waste management market has been segmented based waste type and treatment method.

On the basis of Waste type, the market is segmented into industrial waste & municipal waste. The industrial waste segment dominated the market in 2022. Due to rapid industrialization and the shifting of industrial production from industrialised to emerging regions, enormous amounts of industrial waste have been produced.

Based on treatment method, the global solid waste management market has been segmented into collection, processing & disposal. The disposal category generated the most income in 2022. Disposal service is a step in the trash management process when recyclable waste is separated from solid waste and handled separately.

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Regional Analysis

The global Solid Waste Management market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Solid Waste Management market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Solid Waste Management market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Solid Waste Management market comprises of Middle East, Africa, and Latin America.

The North America Solid Waste Management Market dominated this market in 2022 (45.80%). In North America, particularly in the United States and Canada, there are established and stringent regulations for garbage management. Along with reducing landfill waste, these regulations also place an emphasis on efficient trash management, recycling, and resource recovery. The strict regulatory framework encourages the growth of the waste management industry.

Moreover, the second-largest market share belongs to the solid waste management market in Europe. When it comes to creating a circular economy strategy, Europe is at the forefront. The circular economy concept aims to raise the value and lifetime of items, materials, and resources by promoting reuse, repair, and recycling. The circular economy agenda is driving demand for waste management systems that enable the recovery and reinclusion of materials in the manufacturing cycle. The circular economy commitment that Europe made supports the growth of the solid waste management sector.

Additionally, from 2023 to 2032, the Asia-Pacific Solid Waste Management Market is anticipated to experience the quickest CAGR growth. The Asia-Pacific region is seeing rapid urbanisation and population growth, which is causing more waste to be produced. Significant amounts of rubbish are produced as a result of rising middle class populations and increasing metropolitan areas' increased consumption patterns. The need for effective waste management solutions to handle this expanding waste stream is what is driving market expansion.

Furthermore, Latin America's solid waste management industry is expanding significantly as a result of urbanisation, population expansion, and rising environmental consciousness. Governments are putting waste management plans into action and encouraging recycling and waste-to-energy projects. Sustainable waste management practises are evolving throughout the region due to investments and engagement from the private sector.

Key Findings of the Study

• The global Solid Waste Management market is expected to reach USD 393.1 Billion by 2032, at a CAGR of 3.50% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the Rapid urbanization and population growth in the Asia-Pacific area are contributing to an increase in trash production.


• Based on waste type, the industrial waste segment was attributed to holding the largest market in 2022.


• Waste Management Inc. (USA), SUEZ Group (France), Veolia Environment S.A. (France), Biffa PLC (U.K.), Clean Harbors Inc. (USA), Covanta Holdings Corporation (USA), Hitachi Zosen Corporation (Japan), Remondis AG & Co. Kg (Germany), Republic Services Inc. (USA), Stericycle Inc. (USA), Advanced Disposal Services Inc. (USA), ALBA Group (Germany), Recology (USA), TANA Oy (Finland), Envac Group (Sweden) and others.