Waste Management Market is to grow at an 5.3 % CAGR, with the Asia-Pacific leading the market through 2032

Waste Management Market to Hit USD 711.30 Bn by 2032         

The Waste Management Market was USD 470.57 Bn in 2024 and is expected to expand at a CAGR of 5.3 5 % from 2025 to 2032, reaching USD 711.30 Bn by 2032. Perth’s Contract Resources was purchased by Cleanaway, Australia’s biggest waste management firm, for $377 million. Samex, a hazardous waste services company located in California, was acquired by VLS Environmental Solutions to broaden its waste management offering. Panda Waste Management is testing camera devices to find pollution in recycling bins in Ireland.

Urbanization often leads to higher waste generation, particularly from homes, businesses, and industries. Waste reduction, recycling, and resource recovery activities are being adopted as a result of strict environmental restrictions, such as those about emissions, landfill utilization, and waste disposal requirements. Businesses are using new technology to streamline collection procedures in areas including garbage sorting, automation, waste-to-energy, and smart waste management.  The U.S. waste management sector produced more than $140 billion in 2023, with Republic Services and Waste Management Inc. at the top of the market.

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Waste Management Market Segmentation

By Waste Type: E-waste refers to electrical or electronic equipment that has been abandoned, such as outdated computers, cell phones, televisions, and home appliances. Plastic Waste includes products such as bottles, bags, packaging materials, and other single-use plastics. Bio-Medical Waste comprises pathological waste, medications, sharps, and infectious waste.

By Service Type: Landfills produce greenhouse gasses, such as methane, and require long-term monitoring. Recycling involves processing commodities to create new goods, which lowers the need for raw materials. Incineration is the process of reducing the volume of garbage and turning it into energy by burning it at high temperatures. Open Dumping is frequently carried out without the appropriate management techniques or environmental safeguards.

Waste Management Market Regional Analysis

United States: The United States waste management market was valued at $140 billion in 2024 and is projected to grow at a CAGR of 8.2% from 2025 to 2032, reaching approximately $179 billion by 2030. Waste Management, Inc. is the largest waste management company in the United States. The revenue of Waste Management, Inc. exceeded $18 billion. Republic Services and Waste Connections are also key players dominating the US market.

Germany: The waste management market in Germany was estimated to be worth €62 billion, and by 2024, it is predicted to reach €70 billion 2032. REMONDIS SE & Co. KG is the largest private recycling and waste management company in Germany. REMONDIS reported €12.1 billion in sales in 2023 and employed approximately 43,000 people.

China: Asia-Pacific dominates the waste management market, with China leading the market. The waste management market in China was valued at approximately USD 103.7 billion in 2024 and is projected to reach USD 157.9 billion in 2032, with a CAGR of 6.2% from 2025 to 2032. China generates over 200 million tons of municipal waste annually.

Waste Management Market Competitive Landscape

Veolia Environment S.A.: In 2022, Suez and Veolia finalized their merger for 6.7 million. Veolia decided to sell Macquarie Asset Management Suez’s UK garbage company for about €2.4 billion. In March 2025, CriteriaCaixa, the La Caixa foundation’s investment division, acquired a 5% share in Veolia.

Republic Services: Republic Services acquired Aces Waste Services, a California business and residential hauler, in the fourth quarter of 2024. In February 2022, US Ecology will be acquired by Republic Services for approximately $2.2 billion.

Remondis: On 1 November 2024, Speciality Services Queensland was acquired by Remondis Australia. In May 2023, Remondis acquired Oyj’s Delete Group. The 100% stake in Veolia Recycling Solutions Nordic AB was acquired by Remondis.

Recent Developments:

• Panda Waste Services in Ireland is testing contamination-detecting cameras and intends to modify fees under compliance.
• The Mexican company Petgas created a gadget that uses pyrolysis to turn plastic waste into fuels like diesel and gasoline.
• German startups such as Reju are creating chemical recycling methods that decompose polyester into its constituent monomers.

Conclusion

• Automation and artificial intelligence (AI) are being used in recycling, smart waste monitoring, and garbage sorting to improve operational efficiency, lower contamination, and boost recycling rates.

Related Report: 

Polyfluoroalkyl Substances (PFAS) Waste Management Market size was valued at USD 1.97 billion in 2023 and is expected to reach USD 3.22 billion by 2030, at a CAGR of 7.27%

Waste Oil Market was valued at US$ 77.48 Bn in 2023. Global Waste Oil Market size is estimated to grow at a CAGR of 6.1% over the forecast period.

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