Waste Treatment Disposal Market Trend, Share, Growth, Size, Analysis and Forecast 2030

Waste Treatment Disposal Market

Waste Treatment Disposal Market by Product (Landfill, Compositing & Anaerobic Digestion, Recycling, and Others), by End Use Industry (Industrial, Municipal, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Category: Chemical & Materials Report Format : PDF Pages: 140 Report Code: ZMR-197 Published Date: May-2021 Status : Published
Market Size in 2020 Market Forecast in 2028 CAGR (in %) Base Year
USD 1,648.9 Billion USD 2,466.7 Billion 5.2% 2020

 

Waste Treatment Disposal Market

Market Overview

The waste treatment disposal market accounted for USD 1,648.9 Billion in 2020 and is expected to reach USD 2,466.7 Billion by 2028, growing at a CAGR of 5.2% from 2021 to 2028.

Waste treatment disposal comprises of all the activities which are required to manage the waste from its generation to the final disposal. These may include waste collection, treatment, disposal, waste redress, and material recovery. Waste treatment is responsible for reducing the environmental and health risks by carefully managing the waste generated from different sources.

A huge amount of hazardous waste is generated out of the medical industry, electronic industry, and radioactive waste which is generated through service and manufacturing industries. This waste serves as a great threat to the environment. Thus, for conservation of environment, several governments are promoting as well as adopting the waste disposal and treatment techniques.

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COVID-19 Impact Analysis

COVID-19 pandemic persuaded people to stockpile masks, gloves, PPE kits. This made a huge impact on the amount of waste generated through the medical industry and even normal households. Due to the lack of waste management and adopting measures such as rampant dumping, open burning, it worsens the air quality and health due to the exposure to toxins. The pandemic also affected the recycling market due to lockdowns and social distancing. For instance, recycled plastics competitiveness reduced.

Growth Factors

Waste management directly affects the betterment of the environment. As the governments are being responsible and concerned regarding the environment, a lot of policies and measures are being taken to facilitate waste management. This is contributing significantly towards the market growth. As industrialization and globalization continues to grow, enormous amount of waste will be generated. Thus, the waste disposal treatment market will prosper over the coming years.

Increasing global population also generates waste in big quantities and thus the demand for the market will be intact. However, expensive machines required in the waste management and less security of returns in the sector is limiting it to reach full potential.

Report Scope:

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Product Segment Analysis Preview

Landfill segment held a share of over 30% in 2020. A major waste disposal practice used by the companies is landfill where waste is disposed in a dumping ground. This type of waste disposal is called non–engineered disposal method. Compositing, recycling, and others form the product segment.

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End Use Industry Segment Analysis Preview

The industrial sector is projected to grow at a CAGR of around 6% from 2021 to 2028. As industrialization and globalization continues to flourish, a lot of waste will be generated every year. New industries are developing day by day, some of which also produce harmful and hazardous waste. Thus, it becomes important to treat and manage such kind of waste.

There are different sectors which contribute to the industrial waste which include mining, textile mills, food manufacturing, consumer goods, industrial chemicals, printing and publishing among others. It majorly produces three types of wastes - solid, liquid, and gas such as industrial effluent, carbon dioxide, chemicals, ashes, and sulphur dioxide among others.

Regional Analysis Preview

The North America region is projected to grow at a CAGR of 4% over the forecast period. North America is a major contributor to the waste treatment disposal market, owing to the increased awareness among the people, the market is set to grow at a significant rate. Supporting government policies and activities also facilitates the waste management, making it easier for the market to flourish. There are social groups formed by people to increase the awareness as well as carry out waste treatment and disposal activities in the region.

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The Asia Pacific region held a share of around 35% in 2020. Comprising of the most populated countries, Asia Pacific region has a growing population which demands the waste treatment disposal market to develop to its highest potential. This factor of the region brings in a considerable market share of the waste management market. Also, liberal government policies are also facilitating the growth of the sector.

Key Market Players & Competitive Landscape

Some of the key players in the waste treatment disposal market are Biffa Plc, Covanta Holding Corporation, Suez, Hitachi Zosen Corporation, Remondis Se & Co. Kg, Environmental Quality Company, Waste Management Incorporated, Waste Industries USA Inc., Daiseki Co., Ltd., and Clean Harbors, Inc., among others.

Market players are focusing business expansion, acquisitions, and partnership to differentiate their services in the market. For instance, Clean Harbors has a strategy to redevelop and sustain ongoing relationships with a diverse group of customers who have regular needs for treatment and disposal services, field services and industrial services, laboratory chemical packing services, and information technologies.

The waste treatment disposal market is segmented as follows:

By Product

  • Landfill
  • Compositing & Anaerobic Digestion
  • Recycling
  • Others

By End Use Industry

  • Municipal
  • Industrial
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

The waste treatment disposal market was valued at USD 1,648.9 Billion in 2020.

 

The waste treatment disposal market is expected to reach USD 2,466.7 Billion by 2028, growing at a CAGR of 5.2% between 2021 to 2028.

Some of the key factors driving the waste treatment disposal market growth are government policies and the increased industrialization which generates huge amounts of hazardous wastes.

The North America region held a substantial market share in 2020.This is because of the socially aware population and supportive government policies. Asia Pacific region is projected to grow at a significant rate owing to the rising demand in developing economies such as China and India.

Some of the major companies operating in the waste treatment disposal market are Biffa Plc, Covanta Holding Corporation, Suez, Hitachi Zosen Corporation, Remondis Se & Co. Kg, Environmental Quality Company, Waste Management Incorporated, Waste Industries USA Inc, Daiseki Co., Ltd., and Clean Harbors, Inc., among others.

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