India 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: 114 | No. of Tables: 82 | No. of Figures: 47 | Format: PDF | Report Code : EP1250
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India Waste Management Market Overview
India Waste Management Market size was valued at USD 22.17 billion in 2023, and is predicted to reach USD 54.20 billion by 2030, at a CAGR of 12.5% from 2024 to 2030.
The India 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 management 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 management market continues to expand, driven by growing population, technological advancements, and increasing public demand for sustainable waste solutions.
The Growing Population in the Nation Fuels the Growth of the Market
The growing population in India propels the growth of the waste management market. As the population expands simultaneously it increases the volume of waste generated that creates a higher demand for effective waste management solutions.
As per the latest report published by World bank Group, the total population of India accounted for 1.43 billion in 2023 as compared to 1.21 billion in 2008 that is an increase of 18.2%. This surge in waste generation drives investments in infrastructure, technology, and services to manage and process waste efficiently, thereby accelerating market growth.
Increasing Waste Generation Propels the Market Growth in the Country
The increase in waste generation further propels the India waste management market growth in the country. As waste volumes rise, there is an escalating need for advanced waste management solutions, driving investments in technology, infrastructure, and services.
According to the latest report published by the Energy and Resources Institute (TERI), India generates over 62 million tons (MT) of waste in a year. This trend fuels market expansion by creating opportunities for innovation and improvement in waste handling and processing.
Stringent Compliance with Standards for Waste Processing Hinders the Market Growth
The compliance with stringent standards for waste processing, recycling, and disposal requires substantial investments in technology and infrastructure that hinders the market growth in the country.
As regulatory bodies continue to tighten environmental standards to mitigate pollution and promote sustainability, waste management companies are required to adopt more advanced and costly technologies. These technologies include sophisticated sorting systems, state-of-the-art recycling facilities, and innovative waste-to-energy plants that are designed to meet higher efficiency and environmental performance criteria.
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 India 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 management sector.
Competitive Landscape
The promising key players operating in the India waste management industry includes Ramky Enviro Engineers Limited, Eco Wise Waste Management, Recykal, Antony Waste Handling Cell Limited, Green Power International Pvt. Ltd., Geocycle India, Samsara Envirotech, Waste Ventures India, Veolia Environnement S.A., BEIL Infrastructure Ltd, and others.
India 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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Ramky Enviro Engineers Limited
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Eco Wise Waste Management
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Recykal
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Antony Waste Handling Cell Limited
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Green Power International Pvt. Ltd.
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Geocycle India
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Samsara Envirotech
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Waste Ventures India
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Veolia Environnement S.A.
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BEIL Infrastructure Ltd.
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size Value in 2023 |
USD 22.17 billion |
|
Revenue Forecast in 2030 |
USD 54.20 billion |
|
Value Growth Rate |
CAGR of 12.5% 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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