Waste Management Sector 2030

Plastic Waste Management, Food Waste Management and Waste Recycling Services Market

Table Of Contents

Waste Management Industry | Forecast 2030

Waste Management Industry Data Book – Plastic Waste Management, Food Waste Management and Waste Recycling Services Market

The economic value generated by the industry was estimated at approximately USD 1.24 trillion in 2021. This economic output is an amalgamation of businesses that are involved in the services of waste collection, transportation, and disposal activities. Disposal activities mostly include incineration, landfill, composting, and recycling processes.

 

Access the Global Waste Management Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

 

Waste Management Industry Data Book Coverage Snapshot

Markets Covered

  • Waste Management Industry USD 1.24 trillion in 2021
  • Liquid Waste Management Market Size USD 90.30 billion in 2018 3.8% CAGR (2019-2025)
  • Drilling Waste Management Market Size USD 4.02 billion in 2016 6.6% CAGR (2017-2025)
  • Plastic Waste Management Market Size USD 33.06 billion in 2019 3.1% CAGR (2020-2027)
  • Food Waste Management Market Size USD 34.22 billion in 2019 5.4% CAGR (2020-2027)
  • Waste Recycling Services Market Size USD 54.39 billion 2020 5.2% CAGR (2021-2028)

 

Liquid Waste Management Market Growth & Trends

The global liquid waste management market size is anticipated to reach USD 114.87 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 2.3% over the forecast period. The growing utilization of water per household globally is expected to drive liquid waste generation in the residential and commercial sectors. Factors, such as stringent regulations coupled with ongoing investments in various industries, such as oil & gas, petrochemical, and chemical, are expected to drive the demand for wastewater secondary treatment equipment, which is expected to further drive the demand for liquid waste management. For instance, The Bipartisan Infrastructure Legislation (BIL) offers support to local economies and makes the most of federal infrastructure initiatives already in place to meet the demand for wastewater infrastructure in disadvantaged areas of the country.

 

For instance, the BIL offers USD 11.7 billion through the Clean Water State Revolving Fund (CWSRF), with 49% of funds accessible as grants as of March 2022. These aforementioned initiatives will further drive the market expansion in the coming years.The discharge of untreated wastewater and other liquid waste from homes, municipal facilities, and industries into water bodies causes water pollution, thereby, threatening the environment as well as human and animal life. The collection and treatment of sewage and wastewater are very critical for public health as well as clean water. Thus, the U.S. government has introduced stringent regulations and standards for wastewater treatment for both municipal and industrial sectors, which is expected to drive the market over the forecast period.

 

Order your copy of the Free Sample of “Waste Management Industry Data Book – Plastic Waste Management, Food Waste Management and Waste Recycling Services Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030, published by Grand View Research

 

Plastic Waste Management Market Growth and Trends

The global plastic waste management market size is anticipated to reach USD 42.2 billion by 2027, expanding at a CAGR of 3.1%, according to a new report by Grand View Research, Inc. Economic growth, rising industrialization, increasing urbanization, and growing health awareness are the major factors, which are likely to boost market growth over the forecast period.

Regulations pertaining to each end-use industry, along with other specifications pertaining to plastic waste management are expected to create opportunities in the market. Increasing awareness towards sustainable advantages and benefits of reusing and recycling are projected to drive the market.

Plastic waste management is a collective approach to recycle the plastic or to generate energy through incineration. In addition, such recycling of waste will help save resources and protect the environment. Moreover, it can help reduce the manufacturing cost of companies by recycling the materials.

 

Drilling Waste Management Market Growth and Trends

The global drilling waste management market is expected to reach USD 7.13 billion by 2025, according to a new report by Grand View Research, Inc. Growing ecological awareness towards effective treatment and disposal of drilling wastes coupled with strict regulations to enforce the laws will boost the market growth.

Increasing drilling activity for natural gas exploration along with growing construction sites for residential and commercial spaces is predicted to drive the global drilling waste management market over the forecast timeframe. Applications of the market include onshore and offshore drilling wastes. Onshore application segment is the dominant sub-segment of the market, while the offshore application is predicted to witness significant growth by 2025. North America leads the onshore application segment owing to the unprecedented domestic production levels crude oil, largely due to the wide adoption of innovative technologies including hydraulic fracturing and horizontal drilling, signalling the onset of a shale revolution.

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