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Solid Waste Management Market Size

Report ID: GMI265
Published Date: Aug 2024
Report Format: PDF

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Solid Waste Management Market Size

Solid Waste Management Market was valued at USD 1.14 trillion in 2023 and is projected to grow at a CAGR of 2.3% from 2024 to 2032, driven by urbanization, which increases waste generation and the need for efficient management.

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According to the Environmental Protection Agency (EPA), the United States generated over 290 million tons of municipal solid waste in 2021. Rising environmental awareness and stricter regulations are promoting sustainable practices and recycling. Technological advancements like waste-to-energy solutions and automated sorting systems are also improving efficiency. Economic growth further drives the market, as expanding economies produce more waste, increasing the need for effective waste management systems.

Solid Waste Management Market Report Attributes
Report Attribute	Details
Base Year:	2023
Solid Waste Management Market Size in 2023:	USD 1.14 Trillion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	2.3%
2032 Value Projection:	USD 1.40 Trillion
Historical Data for:	2021 - 2023
No. of Pages:	100
Tables, Charts & Figures:	10
Segments covered:	Waste, Treatment, Material
Growth Drivers:	Ongoing adoption of sustainable waste management practices Adoption of advanced waste treatment & disposal technologies Utilization of waste as a source of renewable energy
Pitfalls & Challenges:	Limited availability of an effective SWM regulatory framework

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Authors: Ankit Gupta, Abhishek Chopra

Frequently Asked Questions (FAQ) :

The market size of solid waste management was worth about USD 1.14 trillion in 2023 and is expected to register 2.3% CAGR from 2024 to 2032, owing to the rising urbanization, which increases waste generation and the need for efficient management worldwide.

Solid waste management industry from the food segment is expected to register over 1.5% CAGR from 2024 to 2032, due to the increasing food production and consumption worldwide.

North America solid waste management industry is expected to reach over USD 410 billion by 2032, due to increasing urbanization and industrialization, which lead to more waste and require better waste management solutions in the region.

Biffa, Hitachi Zosen Corporation, Keppel Seghers, OMNI Conversion Technologies, Inc., Recology, Sims Limited, Stericycle, SUEZ, Veolia, Waste Connections, Waste Management, Inc., and Wheelabrator Technologies, Inc., are some of the major solid waste management companies worldwide.