Industrial Waste Management Market Size

Industrial Waste Management Market size was over USD 9.51 trillion in 2023 and is anticipated to reach USD 18.16 trillion by 2036, growing at around 5.1% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of industrial waste management is estimated at USD 9.9 trillion. The growth of the market can be attributed to the increasing need to efficiently manage waste from industries, backed by increasing number of industries globally. With the rapid industrial development, the waste generated by these industries is mounting, which is estimated to fuel the demand for industrial waste management system. Moreover, increasing environmental awareness amongst the public, and accountability of industrialists for the impact of the waste generated, is estimated to drive the market growth. The pattern of waste management is changing to a more environment friendly disposal of waste, which is another factor expected to boost the market growth. Furthermore, stringent waste management regulations by the governments of various nations, is also anticipated to promote the market growth. For instance, United Nations Environment Program (UNEP) launched the Cleaner Production Program in 1989, which aimed to reduce the toxic waste produced by manufacturing industries.