China 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: 07-Oct-2024 | No of Pages: 114 | No. of Tables: 82 | No. of Figures: 47 | Format: PDF | Report Code : EP1249
China Waste Management Market Overview
The China Waste Management Market size was valued at USD 70.04 billion in 2023, and is predicted to reach USD 126.83 billion by 2030, at a CAGR of 7.8% from 2024 to 2030. The waste management industry 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 market for waste treatment includes waste collection services, recycling facilities, waste-to-energy plants, landfill operations, and environmental consulting services.
As awareness of environmental issues grows, the China waste management market continues to expand, driven by growing population, technological advancements, and increasing public demand for sustainable waste solutions.
Government Initiatives Towards Waste Management in China Fuels the Growth of the Market
Government initiatives fuel the growth of the waste management market in China. The Chinese government implemented a range of policies and programs aimed at improving waste-to-energy practices, including stricter regulations on waste segregation, increased investment in recycling infrastructure, and the promotion of waste-to-energy technologies.
As per the latest report published by the World Bank Group, China introduced the Plastic Waste Reduction Project (Shaanxi) and invested USD 250 million to reduce plastic pollution from municipal solid waste and improve provincial plastic e-waste management.
These initiatives are designed to address the challenges of rapid urbanization and the rising waste generation, driving the development of innovative solutions and expanding growth opportunities in the China waste management market trends.
Innovative Initiatives by Key Players Propel the Growth of the Market
The innovative product launches by key players further fuel the China waste management market growth. The introduction of cutting-edge technologies and solutions by leading companies drives market expansion by addressing evolving consumer needs and improving operational efficiency.
For example, in April 2024, Clariant introduced new solutions aimed at reducing the environmental impact of plastics during the Chinaplas 2024 event in Shanghai to enhance safety, efficiency, and sustainability within the plastics industry.
These advancements enhance the effectiveness of waste reduction strategies, such as more efficient recycling technologies and advanced waste-to-energy systems, thereby boosting the China waste management market growth and setting new industry standards.
Rapidly Increasing Urbanization and Industrialization Hinders the Expansion of the Market
The rapid pace of urbanization and industrialization adds significant pressure on existing infrastructure that makes it challenging to keep up with regulatory requirements and maintain efficient waste treatment systems, thereby hindering the China waste management market expansion.
As cities expand and industrial activities intensify, the volume and complexity of the waste generated rise exponentially. This surge places an overwhelming burden on waste sorting systems that are designed to handle much lower levels of waste that leads to inefficiencies in waste collection, processing, and disposal.
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 opportunities for the China waste management market trends 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 disposal solutions promote environmental sustainability and drive the overall China waste management market demand.
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 industrial waste disposal sector.
Competitive Landscape
The promising players operating in the China waste management industry includes China Everbright Environment Group (CHFFF), Veolia Environment S.A., Beijing Enterprises Environment Group, China Tianying Inc., Chongqing Sanfeng Environmental Protection, Zhejiang Weiming Environment Protection Co. Ltd., Shanghai Electric, Beijing High Energy Era Environmental Technology Co., Ltd., Shengyuan Environmental Protection Co, Ltd., Yonker Environmental Protection Co, Ltd., and others.
China 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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China Everbright Environment Group (CHFFF)
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Veolia Environment S.A.
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Beijing Enterprises Environment Group
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China Tianying Inc.
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Chongqing Sanfeng Environmental Protection
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Zhejiang Weiming Environment Protection Co. Ltd.
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Shanghai Electric
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Beijing High Energy Era Environmental Technology Co., Ltd.
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Shengyuan Environmental Protection Co, Ltd.
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Yonker Environmental Protection Co, Ltd.
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size Value in 2023 |
USD 70.04 billion |
|
Revenue Forecast in 2030 |
USD 126.83 billion |
|
Value Growth Rate |
CAGR of 7.8% 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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