Thailand 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: 09-Oct-2024 | No of Pages: 20 | No. of Tables: 82 | No. of Figures: 47 | Format: PDF | Report Code : EP2745
Thailand Waste Management Market Overview
Thailand Waste Management Market size was valued at USD 18.28 billion in 2023, and is predicted to reach USD 34.83 billion by 2030, at a CAGR of 8.60% from 2024 to 2030.
The Thailand 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.
The Increase in Urbanization Fuels the Market Growth in the Country
The increase in urbanization is propelling the growth of the Thailand waste management market report. As urban areas expand and populations rise, the volume of waste generated significantly increases that necessitates the demand for efficient waste recycling solutions. As per the latest report published by the World Bank Group, in Thailand urban population accounted for 38.4 million in 2023 as compared to 29.9 million in 2010, an increase of 28.4%. This growth in urban areas also leads to greater investments in infrastructure and technology by both government and private sectors, further supporting the expansion and enhancement of the waste handling market in Thailand.
Rising Waste Generation of Thailand Propels the Growth of the Market
The increase in waste generation is further fueling the growth of the waste management market in Thailand. As the country's population and economic activities expand, the volume of waste produced continues to rise that creates a pressing need for efficient waste recycling solutions.
According to the latest report United Nations Ocean Conference (UNOC), Thailand generates 26 million tons of waste each year, with about 50,000 tons ending up in the ocean. This surge in waste generation drives Thailand waste management market demand for enhanced waste collection, processing, and disposal services, prompting investments in advanced waste collection technologies and infrastructure.
Insufficient Waste Processing Facilities Hinders the Growth of the Market
The lack of sufficient waste processing facilities along with the complexity of regulatory compliance, impedes efficient waste management practices that in turn hinders Thailand waste management market growth in the country. As waste generation continues to rise due to urbanization and industrialization, the demand for effective waste processing facilities outpaced the current infrastructure. This leads to an over-reliance on inadequate facilities that struggle to handle the growing volume and diversity of waste, resulting in inefficiencies and environmental concerns.
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.
Competitive Landscape
The promising key players operating in the Thailand waste management industry includes Better World Green Public Co., Ltd., Waste Management Siam Co., Ltd., General Environmental Conservation Public Co., Ltd. (GENCO), Siam Recycling System Co Ltd., Wongpanit Panthong Co., Ltd., AMATA Industrial Estates, Muang Sa Ad Co., Ltd., Veolia Thailand, Perfect Group, Ecotrade Group, and others.
Thailand 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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Better World Green Public Co., Ltd.
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Waste Management Siam Co., Ltd.
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General Environmental Conservation Public Co., Ltd. (GENCO)
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Siam Recycling System Co Ltd.
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Wongpanit Panthong Co., Ltd.
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AMATA Industrial Estates
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Muang Sa Ad Co., Ltd.
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Veolia Thailand
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Perfect Group
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Ecotrade Group
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size Value in 2023 |
USD 18.28 billion |
|
Revenue Forecast in 2030 |
USD 34.83 billion |
|
Value Growth Rate |
CAGR of 8.60% 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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