Waste Management Market to be Worth $703.9 Billion by 2030

Meticulous Research®, a leading global market research firm, has released a report titled "Waste Management Market by Waste Type (Hazardous Waste, Industrial Waste, E-waste), Waste Management Method (Landfilling, Recycling, Incineration), and Source (Residential, Commercial, Municipal, and Industrial) – Global Forecast to 2030."
According to the latest findings by Meticulous Research®, the waste management market is anticipated to reach $703.9 billion by 2030, growing at a CAGR of 4.9% during the forecast period. This market expansion is driven by stringent government waste management regulations, rising consumer awareness about environmental protection, and the increasing adoption of smart waste management technologies. Additionally, advancements in waste management devices and E-waste management initiatives are expected to present growth opportunities.
However, the market faces challenges such as the significant capital investment required and the lack of proper disposal systems in ASEAN countries, along with the high costs associated with recycling electronic devices. Despite these challenges, key trends like waste-to-energy technology advancements and the adoption of intelligent waste management solutions are being observed in the market.
The waste management market is categorized based on waste type, waste management method, and source. The study also examines industry competitors and provides a regional and country-level market analysis.
Based on waste type, the waste management market is divided into categories such as hazardous waste, industrial waste, municipal solid waste, e-waste, plastic waste, biomedical waste, and other waste types. In 2023, the hazardous waste segment is projected to hold the largest share of the global waste management market. This dominance is primarily due to factors such as population growth leading to higher demand for goods and services, increased trade in chemical products, greater use of oils and pesticides, and a rise in haza