Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Smart Waste Management Market size was USD 3.1 billion in 2024 and is estimated to reach USD 15.5 billion by the end of 2037, expanding at a CAGR of 13.6% during the forecast period, i.e., 2025-2037. In 2025, the industry size of smart waste management is assessed at USD 3.2 billion.
The global smart waste management market is expected to experience significant growth in the years ahead, owing to the advancements in supply chain logistics, pricing dynamics, and technological investments. The rising logistics activities are set to lead the waste generation, which is set to directly create high-earning opportunities for smart waste management technology producers. The U.S. Bureau of Labor Statistics states that the producer price index for final demand goods grew by 3.6% between April 2024 and April 2025. Whereas the consumer price index for all urban consumers increased by 2.6% during the same period. This reflects that the inflationary trends are expected to influence the investment decisions and pricing strategies in the smart waste management market.
Technological advancements also contribute to the increasing sales of waste management solutions. The U.S. Department of Agriculture reveals that it allocated more than USD 7.4 million in 26 cooperative agreements that are focused on innovative, scalable waste management plans to reduce and divert food waste from landfills. Such public investment moves are likely to accelerate the production and commercialization of smart waste management solutions in the coming years.
Smart Waste Management Sector: Growth Drivers and Challenges
Growth Drivers
- Urbanization and smart city initiatives: The swift rise in urbanization activities is significantly contributing to waste generation. According to the Union Nations’ analysis world’s urban population is estimated to increase to 68.5% by 2050. This is expected to lead to mounting pressure to manage increasing waste volumes. Countries are set to boost awareness programs, which are anticipated to double the sales of smart waste management technologies in the years ahead. Moreover, the smart city projects are projected to increase the deployment of water management solutions by 35.5% in the densely populated regions through 2027.
- Strict environmental policies: The strict environmental regulations are expected to promote the adoption of smart waste management technologies in the years ahead. Governments are imposing strict guidelines on waste generation, which is increasing the demand for innovative recycling and management solutions. The European Union's Waste Framework Directive focuses on recycling of municipal waste by 65.5% by 2035. Such initiatives are set to increase the employment of real-time monitoring waste management technologies in the years ahead.
Technological Innovations in the Smart Waste Management Market
The technological advancements are set to double the revenues of smart waste management system manufacturers during the projected period. The robust rise in industrial and urban activities is propelling the demand for smart waste management technologies. The table below reveals the current technological trends and their outcomes.
|
Technology Trend |
Industry Adoption & Impact |
Case Study |
|
AI-Powered Waste Sorting |
65.4% of recycling facilities integrated AI technologies to enhance sorting processes. AI-based waste sorting systems set to fuel recycling rates by up to 30.4%. |
Prairie Robotics launched AI technology to Bay City, Michigan's recycling trucks in 2024, to drive recycling efficiency through enhanced waste sorting. |
|
IoT-Enabled Smart Bins |
Over 1,100 cities in the U.S. and Canada implemented smart waste solutions. Employs more than 440,000 smart bins with IoT sensors. |
New York and San Francisco reported a 40.4% enhancement in collection efficiency. 28.5% cut in operational costs through smart systems. |
|
Blockchain for Waste Tracking |
35.4% of recycling organizations integrated blockchain technology for improved traceability of recyclables. |
Blockchain technologies vital to improve transparency and traceability in waste management processes. This aids in compliance and minimizing illegal dumping incidents. |
Pricing Trends in the Smart Waste Management Market
The technological advancements and regional adoption patterns are expected to influence the sales of smart waste management systems in the years ahead. North America is expected to lead the adoption of smart waste management technologies, owing to a fall in average price. Europe is also expected to witness a similar trend and rise in popularity of cloud and AI-powered waste management solutions.
|
Region |
2020 Avg Price |
2024 Avg Price |
Annual Price Change |
Influencing Factors |
|
North America |
$99 per unit |
$83 per unit |
-5.1% |
AI integration minimizes operational costs |
|
Europe |
$96 per unit |
$79 per unit |
-4.2% |
Cloud computing enhances efficiency |
|
Asia |
$87 per unit |
$99 per unit |
+3.7% |
5G adoption increases demand and costs |
Challenges
- Lack of public awareness: The lack of awareness among the public at large about waste management is expected to affect the overall market growth. The underdeveloped countries are often seen struggling with waste generation due to the unavailability of disposal management technologies. To overcome these issues, many governments are focusing on raising waste management awareness programs. Supportive government initiatives are expected to drive investments in smart waste management markets in the coming years.
- Infrastructure deficiencies: The poor infrastructure in the price-sensitive markets is directly hampering the sales of smart waste management technologies. The bad road networks and unreliable transportation systems create challenges in the employment of smart waste management technologies. These factors increase operational costs and reduce the efficiency of waste collection and processing. Thus, budget-constrained markets are expected to be unfavorable for smart waste management companies.
Smart Waste Management Market: Key Insights
| Report Attribute | Details |
|---|---|
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
13.6% |
|
Base Year Market Size (2024) |
USD 3.1 billion |
|
Forecast Year Market Size (2037) |
USD 15.5 billion |
|
Regional Scope |
|
Smart Waste Management Segmentation
Waste Type (Solid Waste, Special Waste, E-Waste)
The solid waste segment is expected to hold 53.5% of the global smart waste management market share by 2037. The swift rise in urban and industrial activities across the world is increasing the demand for solid waste management technologies. The large industries are mainly responsible for high solid waste generation. To combat this issue, governments are implementing strict regulations, which are directly increasing the adoption of solid waste management technologies.
Method (Smart Collection, Smart Processing, Smart Disposal)
The smart collection segment is poised to capture 56.1% of the global smart waste management market share throughout the forecast period. The introduction of advanced technologies is estimated to propel the production and commercialization of next-gen waste collection technologies. The IoT-connected waste collection technologies increase the overall efficiency and productivity of the end users. Furthermore, the European Union's Horizon 2020 program, which funds several projects, propels the sales of smart waste collection systems that enhance urban disposal management.
Our in-depth analysis of the global smart waste management market includes the following segments:
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Waste Type |
|
|
Method |
|
|
Source |
|
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Customize this ReportSmart Waste Management Industry - Regional Synopsis
North America Market Forecast
The North America smart waste management market is estimated to account for 36.5% of the global revenue share through 2037. The presence of high-tech companies is driving the production of next-gen waste management solutions. Continuous advancements in AI, IoT, and cloud-based solutions are projected to increase the trade of innovative waste management technologies. The robust digital transformation is anticipated to fuel the demand for smart waste management services in the years ahead.
The digital infrastructure growth in the U.S. is expected to create a lucrative environment for smart waste management solution manufacturers. The expansion of robust connectivity networks is expected to increase the efficiency of smart waste management technologies. The presence of early adopters and tech tech-savvy consumer base is contributing to the high sales of smart waste management solutions.
The substantial government support and clean movement of Canada are drawing the attention of smart waste management market investors. The Universal Broadband Fund is expected to connect 97.8% of the population to high-speed internet by 2026. Similar to the U.S., the presence of advanced connectivity networks is set to fuel the efficiency and productivity of smart waste management technologies. The country’s aim to reduce its carbon footprint and boost clean energy is likely to increase the adoption of advanced waste management products in the coming years.
APAC Market Statistics
The Asia Pacific smart waste management market is projected to expand at a CAGR of 12.9% from 2025 to 2037. The rapid urbanization is significantly contributing to the increasing sales of smart waste management solutions. The government initiatives aimed at cleanliness are opening lucrative doors for smart waste management companies. Malaysia's regulatory frameworks, such as the Solid Waste Management and Public Cleansing Act 2007, are accelerating the demand for advanced waste management technologies.
China is expected to lead the sales of smart waste management solutions in the coming years due to government’s focus on advanced waste management technologies. Technological advancements are estimated to increase the demand for AI and ML-powered waste management solutions. The implementation of stringent regulations is also expected to drive the trade of smart waste management technologies in the country.
The India smart waste management market is expected to register a CAGR of 15.9% during the study period. Rapid urban modernization and large-scale digitization of municipal services are accelerating the adoption of smart waste management technologies. The Ministry of Electronics and Information Technology (MeitY) states that more than 1.1 million enterprises employed smart waste solutions in 2023, under the Smart Cities Mission and Swachh Bharat Digital initiatives. High public spending and rising awareness are boosting the demand for smart waste management solutions.
Companies Dominating the Smart Waste Management Landscape
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
The digitalization and sustainability initiatives are aiding key players in the smart waste management market to earn lucrative gains. Leading companies are employing various marketing tactics to earn high returns. Technological innovations, new product launches, partnerships & collaborations, mergers & acquisitions, and global expansion are some of the key strategies employed by industry giants. Partnering with other players helps them to reach a wider customer base and increase their product offerings. Organic sales are expected to offer double-digit percent revenue-generating opportunities for smart waste management solution producers. Here is a list of key players operating in the global smart waste management market:
|
Company Name |
Country of Origin |
Revenue Share 2024 |
|
IBM Corporation |
USA |
8.8% |
|
Cisco Systems, Inc. |
USA |
8.1% |
|
Veolia Environnement S.A. |
France |
6.9% |
|
Suez SA |
France |
6.7% |
|
Hitachi Zosen Corporation |
Japan |
6.1% |
|
Sensoneo j.s.a. |
Slovakia |
xx% |
|
Ecube Labs Co., Ltd. |
South Korea |
xx% |
|
Bigbelly Solar, Inc. |
USA |
xx% |
|
SAP SE |
Germany |
xx% |
|
Cleanaway Waste Management Ltd. |
Australia |
xx% |
|
SmartBin (Part of ONEPLUS Systems Inc.) |
Ireland |
xx% |
|
Pepperl+Fuchs SE |
Germany |
xx% |
|
Recykal |
India |
xx% |
|
Clean Malaysia |
Malaysia |
xx% |
|
Urbiotica |
Spain |
xx% |
Below are the areas covered for each company in the smart waste management market:
Recent Developments
- In March 2024, Cisco Systems, Inc. launched a major update to its Smart Waste IoT platform through advanced edge computing and 5G connectivity. This upgrade facilitated a 15.3% growth in customer base within six months of its launch.
- In January 2024, IBM Corporation announced the launch of its AI-powered Watson Waste Management Suite. This product led to a 12.4% revenue rise in their smart cities segment in the first quarter of 2024.
Author Credits: Abhishek Verma
- Report ID: 7726
- Published Date: Jun 09, 2025
- Report Format: PDF, PPT
