Industrial Solid Waste Management Market Size – By Service, By Application, Analysis, Share, Growth Forecast, 2025 - 2034

Industrial Solid Waste Management Market Size

The global industrial solid waste management market was valued at USD 1 trillion in 2024 and is projected to witness more than 2% CAGR from 2025 to 2034, driven by rising public health concerns over improper industrial waste disposal.
 

The increasing volume of industrial solid waste and its lack of regulation have had a detrimental effect on community health has led various government bodies to implement essential measures and allocate substantial investments. For instance, in 2022, the World Bank authorized a USD 20 million funding initiative to assist ASEAN nations in curbing marine plastic pollution from industrial activities along their coastlines. This investment aims to enhance environmental preservation efforts and encourage greater sustainability initiatives within the private sector.
 

Industrial Solid Waste Management Market Trends

The industrial solid waste management industry is experiencing significant growth driven by expanding industrial projects and increased waste production globally. Technological advancements, such as automated sorting systems, waste-to-energy solutions, and AI-driven waste management platforms, are enhancing efficiency and sustainability. Moreover, the businesses are adopting circular economy principles, focusing on waste reduction, recycling, and reusing materials to minimize landfill waste and reduce their carbon footprint.
 

Industrial Solid Waste Management Market Analysis

The disposal service subsegment called recycling is projected to cross 25 billion tonnes by 2034. The growing emphasis on adopting technology-driven waste recycling solutions coupled with technological integration aligns with the increasing focus on sustainability, will boost the implementation of environmentally friendly practices across industries. The integration of innovative technologies is improving waste processing capabilities, enabling higher recycling rates and reducing the need for landfill disposal for various solid waste materials including paper, plastics, and wood, and many others.
 

Based on source, the equipment manufacturing segment is set to observe a growth rate of over 1.5% through 2034. The growth of both domestic and international trade, along with the widespread use of plastic packaging for transporting raw materials and finished products, has driven increased production levels in the equipment manufacturing sector. Additionally, shifting consumer preferences towards manufactured goods, particularly in developing regions such as Asia Pacific, have contributed to a substantial rise in industrial solid waste volumes, further stimulating business growth.
 

The U.S. industrial solid waste management market is projected to surpass USD 370 billion through 2034 on account of the availability of encouraging regulatory policies by local, state, and federal governments. Moreover, rapid advancements in technology and a rising focus on innovation in waste management are driving the development of new initiatives. Simultaneously, the implementation of stricter waste disposal regulations and the widespread adoption of favorable policies, such as the Polluter-Pays Principle, are shaping the long-term business landscape.
 

Moreover, the industry players have been significantly increasing their investments in new manufacturing plants as part of a broader strategy to enhance waste processing capabilities and meet growing environmental demands. For instance, in October 2024, Eco Waste Solutions, a New York based company announced to inaugurate its recently renovated manufacturing unit located in Batavia city of the state. The production facility is focused primarily on the development of the Expeditionary Solid Waste Disposal Systems (ESWDS) for the national army.
 

Industrial Solid Waste Management Market Share

The industrial solid waste management industry has observed various new and established players expanding their offerings to gain an extensive customer base. Key companies are also differentiating themselves through sustainability initiatives, offering eco-friendly waste management solutions that align with regulatory requirements and consumer demand for greener practices. Moreover, the leading players including Hitachi Zosen, SUEZ, Veolia, and Wheelabrator Technologies, among others are focusing on initiating mergers, acquisitions, and strategic partnerships to expand their capabilities and geographic footprint, and thereby attain a significant market share.
 

Industrial Solid Waste Management Market Companies

Key participants across the industry consist of:

• Biffa
• China Everbright Environment Group
• Clean Harbors
• Cleanaway
• Covanta Holding
• Hitachi Zosen
• Keppel Seghers
• OMNI Conversion Technologies
• Recology
• Sims
• Stericycle
• SUEZ
• Veolia
• Waste Connections
• Waste Management
• Wheelabrator Technologies
   

Industrial Solid Waste Management Industry News

• In November 2024, Biffa was awarded the waste management contract worth over USD 3.8 million by DS Smith to provide collection & disposal services for zero-waste-to-landfill operations. The agreement mandates Biffa to manage 15,000 tonnes of waste from DS Smith’s 34 locations across the UK over the next three years. The agreement is aimed at favoring both companies’ vision to adopt sustainability and deploy low carbon alternatives for waste.
   
• In June 2024, Cleanaway announced to acquire the Citywide Service Solutions’ recycling & waste business and assets at a total contract value of over USD 71 million or AUD 110 million. The strategic expansion will allow Cleanaway to expand its portfolio & reach while undertaking Citywide’s waste management services across the commercial, municipal, and industrial applications primarily across Melbourne, Australia. In addition, the company further confirmed to allocate significant funds to redevelop Citywide’s Dynon Road waste transfer station which receives above r 200,000 tonnes of recycling and waste material.
   

This industrial solid waste management market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Million Tonnes” and “USD Million” from 2021 to 2034, for the following segments:

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Market Insights, By Source

• Equipment Manufacturing
• Mining
• Food Processing & Textiles
• Others

Market Insights, By Treatment

• Open Dumping
• Disposal
  • Landfill
  • Recycling
  • Incineration/Combustion
  • Composting & AD

Market Insights, By Material

• Paper & Paperboard
• Metals
• Plastics
• Food
• Glass
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Australia
  • Japan
  • South Korea
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
• Latin America
  • Brazil
  • Mexico
  • Argentina