Liquid Waste Management Market Size

Liquid Waste Management Market size was valued at USD 95.61 billion in 2023 and is expected to reach USD 131.8 billion by the end of 2036, expanding at around 2.5% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of liquid waste management is evaluated at USD 97.52 billion.

The growth of the market can be attributed to the increasing rate of urbanization around the world, rapid population growth, and rising number of manufacturing activities resulting in the generation of toxic chemicals. According to the World Bank, the total population of the world was 7.753 billion in 2020, up from 7.509 billion in 2017. The global population has only witnessed growth since 1960. Along with these, surge in socio-economic awareness associated with limited natural resources, and escalating awareness of consumers about proper waste disposal and recycling are also projected to drive market growth in the upcoming years. Furthermore, strict regulations imposed by various local, state and federal governments regarding proper waste management is expected to provide abundant growth opportunities to the market in the near future.

Frequently Asked Questions (FAQ)

The major factors driving market growth are growing rate of urbanization worldwide and increasing manufacturing activities resulting in the generation of toxic waste.

The market is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2022 â€“ 2030.

High cost of liquid waste management equipment is estimated to hamper the market growth.

Asia Pacific will provide more business growth opportunities owing to the growing population in emerging countries such as China and India, and increasing water requirements.

The major players in the market are Suez Environment S.A., Clean Harbors Inc., Republic Services Inc., Stericycle, Veolia Environmental Services North America Corporation, and others.

Liquid Waste Management Market Size