North America Waste Management Market by Waste Type (Municipal Solid Waste (MSW) or Household, Industrial, and Commercial) and by Waste Treatment (Composting, Incineration, Controlled Landfill, Uncontrolled Landfill, Sanitary Landfill, Open Dump, and Recycling)– Opportunity Analysis and Industry Forecast, 2024 – 2030
Industry: Energy & Power | Publish Date: 08-Oct-2024 | No of Pages: 127 | No. of Tables: 89 | No. of Figures: 54 | Format: PDF | Report Code : EP1240
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North America Waste Management Market Overview
The North America Waste Management Market size was valued at USD 98.48 billion in 2023, and is predicted to reach USD 157.80 billion by 2030, at a CAGR of 5.9% from 2024 to 2030.
The North America waste management market involves a wide range of services and activities aimed at managing and mitigating the impact of waste generated by various sectors including residential, commercial, industrial, and healthcare. It includes the collection, transportation, processing, recycling, and disposal of waste materials in a manner that is environmentally responsible and sustainable. The market also involves the development and implementation of technologies and practices that promote waste reduction, resource recovery, and the safe handling of hazardous materials.
Key components of the waste recycling market include waste collection services, recycling facilities, waste-to-energy plants, landfill operations, and environmental consulting services. As awareness of environmental issues grows, the waste recycling market continues to expand, driven by growing population, technological advancements, and increasing public demand for sustainable waste solutions.
Government Initiatives Propel North America Waste Management Market Growth
Government initiatives are fueling the growth of the North America waste management market demand by promoting sustainable practices and supporting infrastructure development. Policies and programs aimed at reducing waste generation, enhancing recycling efforts, and improving waste diversion are driving demand for advanced waste recycling solutions. Government actions, including stricter regulations, incentives for innovation, and funding for waste handling projects, contribute to a more efficient and effective waste reduction system, accelerating market expansion and technological advancement.
Expanding Industrial Sector Drives Demand for Waste Management Solutions in the Region
The rapidly growing industrial sector is further fueling the growth of the market in the region. As industrial activities expand, the volume and complexity of industrial waste increase, driving the need for advanced waste treatment solutions. This surge in waste production requires effective handling, treatment, and disposal methods, spurring demand for innovative waste handling technologies and services. The growth in industrial operations thus contributes to the expansion and development of the waste management market across the region.
High Costs Restrain the Growth of Waste Management Market
One of the primary restraints in the waste management market is the high operational cost associated with the entire waste management lifecycle, from collection and transportation to treatment and disposal. These costs are further exacerbated by the need for specialized vehicles, rising fuel prices, and labor expenses, which significantly impact profitability. Additionally, the shift toward sustainable waste management practices, such as recycling and waste-to-energy processes, requires substantial capital investment in advanced technologies and infrastructure.
For small and medium-sized companies, these financial demands are particularly burdensome, limiting their ability to compete with larger players. Moreover, compliance with stringent environmental regulations adds to the financial strain, making it difficult for market participants to achieve cost efficiency. These high costs pose a significant challenge, restricting the overall growth of the waste management market.
The Adoption of Waste-To-Energy Technologies Creates Future Growth Opportunities in the Market
The adoption of waste-to-energy technologies such as incineration, anaerobic digestion, and gasification presents a significant growth opportunity for the waste management market as these technologies convert waste materials into usable energy, reducing landfill dependency and contributing to sustainable energy generation.
By transforming waste into a valuable resource, waste-to-energy solutions promote environmental sustainability and drive market expansion. This innovative approach aligns with global trends toward circular economy practices and offers economic benefits by generating energy from waste that creates a promising avenue for growth of the waste recycling sector.
The U.S. Dominates the North America Waste Management Market Share
Government initiatives are fueling the growth of the waste management market in the country by promoting sustainable waste practices and supporting the development of advanced waste management infrastructure. For example, in July 2024, the Biden-Harris Administration unveiled a new strategy Mobilizing Federal Action on Plastic Pollution Progress, Principles, and Priorities, to tackle the escalating crisis of plastic pollution. These efforts contribute to a more robust and efficient waste management market that helps to address environmental challenges and improve overall waste management outcomes.
Moreover, the recent innovative product launches by key market players such as ISB Global, Waste Management, Inc., and others are further fueling the growth of the market. These companies are introducing cutting-edge solutions and technologies that address emerging market needs and enhance operational efficiency.
For instance, in May 2024, ISB Global announced to launch its Waste and Recycling One software in the U.S. that aims to enhance operational efficiency within the waste management and recycling sectors. The introduction of innovative products not only meets evolving consumer demands but also drives competition, encouraging further innovation and growth within the industry.
Canada to Witness Substantial Growth in the North America Waste Management Market
The increase in waste generation across the country fuels the growth of the market in Canada. As both residential and industrial waste volumes rise, there is a growing need for effective waste management solutions to handle and process this increased waste. As per the Government of Canada, the plastic waste in Canada accounted for 4 million tons in 2023 as compared to 3.5 million tons in 2018, an increase of 14.3% in the span of 5 years. This surge in waste generation drives demand for advanced waste reduction technologies and services, leading to market expansion and the development of more efficient waste handling practices.
Furthermore, government initiatives are further driving the growth of the Canada waste management market by advancing sustainable waste treatment practices and supporting infrastructure development. For example, in 2019, the key federal organizations led by Environment and Climate Change Canada launched the Zero Plastic Waste Horizontal Initiative, aiming to keep plastics in use within the economy and out of the environment by 2030. Government actions, such as introducing stricter regulations and providing financial support for waste control projects, stimulate innovation and efficiency within the industry, further accelerating market growth.
Competitive Landscape
The promising key players operating in the North America waste management industry includes Veolia Environnement S.A. Waste Management, Inc. Republic Services Waste Connections, Inc. Clean Harbors Stericycle, Inc. Enviri Corporation Radius Recycling Reworld Waste LLC Recology, and others.
North America Waste Management Market Key Segments
By Waste Type
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Municipal Solid Waste (MSW) or Household
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Food
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Paper and Cardboard
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Plastic
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Glass
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Metal
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Others
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Industrial
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Manufacturing Waste
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Construction & Demolition Waste
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Agriculture Waste
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Other Industrial waste
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Commercial
By Waste Treatment
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Composting
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Incineration
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Controlled Landfill
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Uncontrolled Landfill
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Sanitary Landfill
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Open Dump
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Recycling
Key Players
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Veolia Environnement S.A.
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Waste Management, Inc.
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Republic Services
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Waste Connections, Inc.
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Clean Harbors
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Stericycle, Inc.
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Enviri Corporation
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Radius Recycling
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Reworld Waste LLC
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Recology
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size Value in 2023 |
USD 98.48 billion |
|
Revenue Forecast in 2030 |
USD 157.80 billion |
|
Value Growth Rate |
CAGR of 5.9% from 2024 to 2030 |
|
Analysis Period |
2023–2030 |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
Market Size Estimation |
Billion (USD) |
|
Growth Factors |
|
|
Companies Profiled |
10 |
|
Countries Covered |
10 |
|
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
|
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |
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