The U.S. 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: 28-Oct-2024 | No of Pages: 114 | No. of Tables: 82 | No. of Figures: 47 | Format: PDF | Report Code : EP1241
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The U.S. Waste Management Market Overview
The U.S. Waste Management Market size was valued at USD 42.71 billion in 2023, and is predicted to reach USD 63.25 billion by 2030, at a CAGR of 4.70% from 2024 to 2030.
The U.S. 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 reduction 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 reduction market continues to expand, driven by growing population, technological advancements, and increasing public of the U.S. waste management market demand for sustainable waste solutions.
Government Initiatives Towards Waste Management Solutions Fuels the Market Growth
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 reduction 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 reduction outcomes.
Innovative Product Launches by Key Market Players Propels the Growth of the Market
The recent innovative product launches by key market players such as ISB Global, Waste Management, Inc., and others are further fueling the U.S. waste management market growth. 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 reduction 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.
High Upfront Cost Associated with Waste Management Solutions Hinders the Market Growth
The capital-intensive nature of advanced waste management infrastructure presents a significant barrier for the U.S. waste reduction market. As the country seeks to address the growing challenges of waste generation, there is a pressing need to invest in modern, efficient waste management technologies and facilities. These include state-of-the-art recycling centers, waste-to-energy plants, composting facilities, and advanced sorting and processing systems that handle diverse and complex waste streams.
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 U.S. waste management 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 reduction sector.
Competitive Landscape
The promising key players operating in the U.S. 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.
The U.S. 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 42.71 billion |
|
Revenue Forecast in 2030 |
USD 63.25 billion |
|
Value Growth Rate |
CAGR of 4.70% 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 |
|
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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