Liquid Waste Management Market Size was valued at USD 84.9 billion in 2022. The Liquid Waste Management industry is projected to grow from USD 88.1262 Billion in 2023 to USD 118.7637417 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.80% during the forecast period (2023 - 2032). Increased rapid industrialization, continuously growing population leading to the increase of wastewater and demand for clean water supply are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Waste water, pathogenic microorganisms, heavy metals, plant nutrients, organic pollutants, etc. It contains many pollutants and pollutants such as untreated wastewater can cause serious damage to aquatic ecosystems and people when released into nature. For example, eutrophication results from water bodies absorbing too much nutrients from agriculture. Eutrophication has reduced the biodiversity of rivers, lakes and wetlands worldwide by a third, according to the UN-Water analytical report. Therefore, water projects have been initiated by government and private water organizations to raise awareness about water pollution. This factor drives the market CAGR.
Additionally, Scientists have developed an environmentally friendly and commercial device that can use sunlight to clean wastewater. These new technologies are expected to reduce waste in many industries. Disposal of liquid waste has always been a challenge for many industries, especially the manufacturing industry. Existing waste treatment technologies are expensive; so many businesses do not follow solid waste disposal practices. According to the Asian Journal of Chemistry, the new technology will be effective at breaking down toxic chemicals produced by companies in a variety of industries, including pharmaceuticals, textiles, paper and pesticides.
In addition, the volume of solid waste produced is increasing with the increasing population, resulting in an increased demand for solid waste treatment worldwide. According to a United Nations report, the population is witnessed to grow to 8.5 billion in 2030, 9.7 billion in 2050 and over 11 billion in 2100. In addition, rapid growth worldwide is increasing the demand for urban wastewater treatment. Thus, driving the Liquid Waste Management market revenue.
The Liquid Waste Management market segmentation, based on type, includes Sewage, Sullage, Black Water, Storm Water, Trade Waste, and Hazardous Liquid Waste. The sewage segment dominated the market because sewage is the most common type of waste treated in wastewater treatment plants. Sewage is the most voluminous type of waste treated in wastewater treatment plants. This means there is a large market for cool roof coatings that can treat sewage. It contains a variety of pollutants, including bacteria, viruses, and chemicals.
The Liquid Waste Management market segmentation, based on Disposal Methods, includes Sedimentation & Dewatering, Incineration, Composting, Solidification, and Root Zone. The sedimentation & dewatering segment dominated the market because sedimentation & dewatering is the most common method for disposing of cool roof coatings. Sedimentation & dewatering is an effective method for removing pollutants from cool roof coatings. This is due to the continued growth of the cool roof coatings market and the high demand for cost-effective and environmentally friendly disposal methods. Furthermore, Sedimentation & dewatering is a process that removes solids from wastewater. The solids are then dewatered, which means they are dried and disposed of
Figure1: Liquid Waste Management Market, by Disposal Methods, 2022&2032(USD billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Segmented by region, the study provides market insights for North America, Europe, Asia Pacific and the rest of the world. The North American Liquid Waste Management market area will dominate this market, owing to liquid effluents from the residential and industrial sectors that have established well-established liquid waste management systems to boost the market growth in this Region.
In addition, major countries examined in the market report include the United States, Canada, Germany, France, United Kingdom, Italy, Spain, China, Japan, India, Australia, South Korea and Brazil.
Figure2: GLOBAL LIQUID WASTE MANAGEMENT MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
In Europe, wastewater management has the second largest market share due to sewage treatment, and growing concerns about water scarcity are driving the liquid waste management business. In addition, the German liquid waste management market holds the largest market, while the UK liquid waste management market is the largest in the European region.
The Asia Pacific wastewater treatment market is projected to grow at the fastest YBBO from 2023 to 2032. This is due to rapid economic growth and population growth resulting in a wide variety of crops and wastewater. Moreover, China’s Liquid Waste Management market held the largest market share, and the Indian Liquid Waste Management market was the highest-growing market in the Asia-Pacific region.
Entrepreneurs are investing heavily in research and development to explore the range of products that will help the liquid waste industry grow further. Entrepreneurs also engage in different activities to expand their international orientation, and key business developments include new product development, contract deals, joint venture mergers and acquisitions, increased investment and partnerships with other organisations. To grow and survive in a more competitive and thriving business environment, the liquid waste products business needs to have good products.
Local production to reduce operating costs is one of the key marketing strategies used by companies in the liquid waste industry to benefit consumers and grow their businesses. The Liquid Waste Management industry has offered some of the most significant advantages in recent years. Key players in the Liquid Waste Management market, including SUEZ (France), Veolia (France), CLEAN HARBORS, INC (US), Covanta Holding Corporation (US), Enva (Scotland), US Ecology, INC (US), Heritage-Crystal Clean, INC (US), Hulsey Environmental Services (US), FCC Austria Abfall Service AG (Austria), Cleanaway (Australia), Absolute Environmental Waste Management Inc. (Canada), PegEx, INC (US), are attempting to rise market demand by investing in research and development operations.
Suez and his longtime partner NWS have formed a joint venture company called Suez NWS, which combines all wastewater treatment groups in Mainland China, Macau, Hong Kong and Taiwan. Since then, Suez Group has held a 58% stake in Suez NWS and is thought to have full control. SUEZ NWS, Shanghai Chemical Industry Park (SCIP) and SAIC Motor collaborate to recycle industrial wastewater. The aim of the new partnership established by Suez is to provide quality waste management services to Shanghai Chemical Industrial Park and the State Trade and Industry Administration and expand the Chinese market.
AngloGold Ashanti Limited is an international gold mining company established in 2004 by the merger of AngloGold and Ashanti Goldfields Corporation. AngloGold Ashanti, the world's third largest gold producer based in South Africa, signed an agreement with Veolia Ghana Limited to be responsible for all water treatment plants in Ghana. Veolia manages four wastewater treatment plants in three years.
February 2020: SUEZ NWS, Shanghai Chemical Industry Park (SCIP) and SAIC Motor form a partnership to recycle industrial wastewater. The aim of the new partnership established by Suez is to provide quality waste management services to the Shanghai Chemical Industrial Park and the State Trade and Industry Administration and to expand the Chinese market.
June 2019: AngloGold Ashanti, the world's third-largest gold producer from South Africa, entered into a contract with Veolia Ghana Limited for all water treatment plants in Ghana. Veolia will manage four wastewater treatment plants for three years.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 84.9 billion |
| Market Size 2023 | USD 88.1262 billion |
| Market Size 2032 | USD 118.7637417 billion |
| Compound Annual Growth Rate (CAGR) | 3.80% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Waste Type, Disposal Methods, and Region |
| Geographies Covered | North America, Europe, AsiaPacific, and the Rest of the World |
| Countries Covered | USA, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea and Brazil |
| Key Companies Profiled | SUEZ (France), Veolia (France), CLEAN HARBORS, INC (US), Covanta Holding Corporation (US), Enva (Scotland), US Ecology, INC (US), Heritage-Crystal Clean, INC (US), Hulsey Environmental Services (US), FCC Austria Abfall Service AG (Austria), Cleanaway (Australia), Absolute Environmental Waste Management Inc. (Canada), PegEx, INC (US) |
| Key Market Opportunities | Children who are overweight, healthy, eating more |
| Key Market Dynamics | There are health issues and concerns that make the process expensive |
Frequently Asked Questions (FAQ) :
The Liquid Waste Management market size was valued at USD 84.9 Billion in 2022.
The Liquid Waste Management Market is expected to grow with a CAGR of 3.80%in the forecast period 2023-2032.
North America witnessed the largest share of the Liquid Waste Management Market.
The key players in the Liquid Waste Management Market are SUEZ (France), Veolia (France), CLEAN HARBORS, INC (US), Covanta Holding Corporation (US), Enva (Scotland), US Ecology, INC (US), Heritage-Crystal Clean, INC (US), Hulsey Environmental Services (US), FCC Austria Abfall Service AG (Austria), Cleanaway (Australia), Absolute Environmental Waste Management Inc. (Canada), PegEx, INC (US).
The Sewage category dominated the Liquid Waste Management Market in 2022.
Sedimentation & Dewatering had the largest share in the Liquid Waste Management Market.
Research Analyst Level I In her 3 years of experience in the market research field, she has handled critical cross-domain projects. she has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.she holds an engineering degree and is an mba professional from a well-known university, capable of evaluating the market and competitive conditions. an exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. generated business through active client and project development, networking, and high-quality responses. her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.
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