Waste Management Market Size

Waste Management Market size is estimated to reach USD 1600 Billion by the end of 2036, growing at a CAGR of 6% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of waste management was over USD 800 Billion. Global trash volume has increased as a result of population growth and increased globalization. Municipal solid waste (MSW) generated by the urban population was estimated to be 1.3 billion tons in 2012. By 2025, that amount is predicted to increase to 2.2 billion tons. This has raised the need for efficient management of trash, thereby propelling waste management market.

In addition to this, a program called "Save the Food" has been launched by the National Research Development Corporation (NRDC) to increase public awareness of the effects of home food waste. Medical waste management procedures are a focus of the US Environmental Protection Agency (US EPA). Furthermore, new regulations have been put out all over Europe to reduce trash and promote recycling. These regulations include deposit-return schemes, financial incentives for reusing materials, and the phase-out of public subsidies for garbage promotion. The European Union decided to implement more waste-reduction strategies and higher recycling targets.