Waste Management MarketSize and Trends

The global waste management market size was valued at US$ 2,008.70 billion in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 5.50% from 2023 to 2030. The waste management market is expected to register substantial growth over the forecast period.

Global Waste Management Market Trends:

Growth of food and beverage sector

Food & beverage industry is projected to grow significantly over the forecast period, owing to the increase in consumption of fast-moving consumer goods (FMCG). The industry is expected to register a significant demand for waste collection and management services, as it generates huge amount of organic matter. Rise in food industry is acting as a trend for waste management market.

Smart waste management is a recent trend

Smart waste management solutions are emerging as a new trend in the market. These technologies can identify waste filling patterns, optimize driver schedules and reduce operational costs. These systems can also be used to monitor and track the progress of waste collection trucks. The introduction of these technologies is expected to offer lucrative opportunities for waste management companies in the future.

Waste Management Market Report Snapshots