Asia-Pacific Waste Management Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 111.78 Billion |
| Market Size (2029) | USD 149.86 Billion |
| CAGR (2024 - 2029) | 6.04 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Asia-Pacific Waste Management Market Analysis
The APAC Waste Management Market size is estimated at USD 111.78 billion in 2024, and is expected to reach USD 149.86 billion by 2029, growing at a CAGR of 6.04% during the forecast period (2024-2029).
Over the past 50 years, waste generation has risen across all nations. However, Japan and Korea have recently shown a decline. For example, Korea's ongoing Extended Producer Responsibility (EPR) scheme mandates that product manufacturers collect and recycle the waste from their products. These governmental initiatives and regulations have helped waste management companies to operate effectively within the country.
Adopting cutting-edge technologies such as IoT, AI, and robotics in waste management processes is revolutionizing the industry. In September 2023, the Indian state of Meghalaya introduced an AI-enabled waste management method. The AI-enabled robotic boat collects vast quantities of garbage dumped in a lake. Compared to manual labor, this process is effective and less time-consuming.
The APAC region is seeing an increase in the demand for recycled materials. Countries are investing in advanced recycling technologies to process waste into reusable materials, creating new market opportunities for recycling businesses.
For instance, in May 2024, Ulsan College (UC) and the Ulsan International Development Cooperation Center (UIDCC) hosted a five-day capacity-building program in Ulsan, Republic of Korea, in partnership with the UNEP's International Environmental Technology Center. This event showcased advancements in plastic recycling technologies and emphasized community involvement in environmental initiatives.
Asia-Pacific Waste Management Market Trends
Plastic Waste Driving Waste Management in Asia-Pacific
- The Asia-Pacific region grapples with a staggering volume of mismanaged plastic waste, propelling a global call for more effective waste management solutions. This urgency accentuates the demand for advanced waste management technologies and infrastructure enhancements. Driven by this, private entities and governments increasingly invest in developing and deploying cutting-edge waste processing and recycling technologies.
- For instance, in 2024, China led the Asia-Pacific nations in mismanaged plastic waste, with an estimated 55 million metric tons. New Zealand stood out in the same year, accounting for 8.41 thousand metric tons of mismanaged plastic waste.
- In June 2024, an Australian federal committee made 22 recommendations to combat plastic pollution in the nation's water bodies. In November 2022, Australia's commitment to curbing plastic pollution was further underscored as it joined the High Ambition Coalition to End Plastic Pollution. This coalition aims to eradicate global plastic pollution by 2040 through a new treaty.
- These actions shape the waste management landscape in the Asia-Pacific and emphasize the pressing need for advanced recycling technologies, enhanced waste collection systems, and innovative waste reduction strategies.
China's Waste Management Initiatives Propel Market Growth and Innovation
- Data from the National Bureau of Statistics of China revealed that the nation had around 444 sanitary landfill sites as of 2022. Over the past decade, China has steadily increased its waste output, reaching approximately 244.5 million tons by 2022.
- Furthermore, the volume of regular solid industrial waste produced in China amounted to 41 billion metric tons in 2022. This surge in waste generation underscores the urgent need for advanced waste management technologies and services in China, a trend expected to drive growth and innovation in the APAC waste management market.
- China launched a nationwide waste sorting campaign in 2017 to address this waste challenge. By 2020, over 80 cities had fully implemented or were piloting mandatory sorting of municipal waste into categories such as food waste, recyclables, hazardous waste, and residuals. The plan is to extend this sorting system to all cities between 2025 and 2030. This initiative is expected to spur growth and innovation in the waste management sector, encouraging investments and technological advancements throughout the APAC region.
Asia-Pacific Waste Management Industry Overview
Local and global entities dominate the waste management market in Asia-Pacific, offering services spanning waste collection, recycling, and hazardous waste treatment. Industry behemoths like Suez Environment SA, Veolia Environmental Services, and Waste Management Inc. stand at the forefront, harnessing their vast expertise and cutting-edge technologies to deliver holistic waste management solutions across the region.
Meanwhile, regional players like Australia's Cleanaway Waste Management and Japan's Daiseki Co. Ltd also command notable market shares, tailoring their services to local demands and regulatory frameworks. Noteworthy entities such as BRISEA Group Inc., Attero, and Remondis AG & Co. Kg are championing advanced recycling and waste processing technologies. Collectively, these firms are reshaping the sector, infusing global best practices, championing sustainability, and meeting the surging need for effective waste management solutions in Asia-Pacific.
Asia-Pacific Waste Management Market Leaders
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Suez Environment S.A.
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Waste Management Inc.
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Cleanaway Waste Management
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Veolia Environmental Services
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BRISEA Group, Inc.
*Disclaimer: Major Players sorted in no particular order
Asia-Pacific Waste Management Market News
December 2023: The Asian Development Bank sanctioned a USD 200 million loan to enhance solid waste management and sanitation in Indian cities. This funding supports the Indian government's Swachh Bharat (Clean India) Mission–Urban 2.0, which aims to make all cities garbage-free by 2026. The program will implement international best practices, new technologies, and climate and disaster-resilient approaches in municipal solid waste management.
April 2023: SUEZ signed a cooperation agreement with Wanhua Chemical Group and China Railway Shanghai Engineering Bureau Group for a seawater desalination project in Shandong province. This project aims to build a green industrial ecosystem and strengthen SUEZ's commitment to China's ecological transition.
Asia-Pacific Waste Management Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
- 2.1 Analysis Methodology
- 2.2 Research Phases
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
- 4.1 Current Market Scenario
- 4.2 Technological Trends
- 4.3 Insights into Supply Chain/Value Chain Analysis
- 4.4 Insights into Governement Regualtions in the Industry
- 4.5 Insights into Technological Advancements in the Industry
5. MARKET DYNAMICS
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5.1 Market Drivers
- 5.1.1 Rapid Urbanization and Population Growth
- 5.1.2 Government Regulations and Initiatives
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5.2 Market Restraints
- 5.2.1 Cultural and Behavioral Barriers
- 5.2.2 Lack of Infrastructure in Rural Areas
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5.3 Market Opportunities
- 5.3.1 Growing Recycling Market
- 5.3.2 Waste-to-Energy Technologies
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5.4 Industry Attractiveness - Porter's Five Forces Analysis
- 5.4.1 Threat of New Entrants
- 5.4.2 Bargaining Power of Buyers/Consumers
- 5.4.3 Bargaining Power of Suppliers
- 5.4.4 Threat of Substitute Products
- 5.4.5 Intensity of Competitive Rivalry
6. MARKET SEGMENTATION
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6.1 By Waste Type
- 6.1.1 Industrial Waste
- 6.1.2 Municipal Solid Waste
- 6.1.3 E-waste
- 6.1.4 Plastic Waste
- 6.1.5 Biomedical and Other Waste Types (Including Construction Waste)
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6.2 By Disposal Methods
- 6.2.1 Landfill
- 6.2.2 Incineration
- 6.2.3 Recycling
- 6.2.4 Other Disposal Methods
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6.3 By Country
- 6.3.1 China
- 6.3.2 Japan
- 6.3.3 India
- 6.3.4 South Korea
- 6.3.5 Rest of Asia-Pacific
7. COMPETITIVE LANDSCAPE
- 7.1 Market Concentration Overview
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7.2 Company Profiles
- 7.2.1 Suez Environment SA
- 7.2.2 Waste Management Inc.
- 7.2.3 Cleanaway Waste Management
- 7.2.4 Veolia Environmental Services
- 7.2.5 BRISEA Group Inc.
- 7.2.6 Attero
- 7.2.7 Remondis AG & Co. Kg
- 7.2.8 Daiseki Co. Ltd
- 7.2.9 Averda
- 7.2.10 Clean Harbors Inc.*
- *List Not Exhaustive
- 7.3 Other Companies
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
9. APPENDIX
** Subject To AvailablityAsia-Pacific Waste Management Industry Segmentation
Waste management refers to the complete process of collecting, hauling, treating, and disposing of waste materials in a method that minimizes their impact on the environment and human health. It encloses various activities and practices to reduce waste generation and manage waste materials efficiently and sustainably. A complete background analysis of the APAC waste management market, including the assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, emerging trends in the market segments, market dynamics, and geographical trends, is covered in the report.
The report on the waste management market in Asia-Pacific is segmented by waste type (industrial waste, municipal solid waste, e-waste, plastic waste, and biomedical and other wastes (including construction waste)), disposal methods (landfill, incineration, recycling, and other disposal methods), and country (China, Japan, India, South Korea, and Rest of Asia-Pacific). The report offers market size and forecasts for all the above segments in value (USD).
| By Waste Type | Industrial Waste |
| Municipal Solid Waste | |
| E-waste | |
| Plastic Waste | |
| Biomedical and Other Waste Types (Including Construction Waste) | |
| By Disposal Methods | Landfill |
| Incineration | |
| Recycling | |
| Other Disposal Methods | |
| By Country | China |
| Japan | |
| India | |
| South Korea | |
| Rest of Asia-Pacific |
Asia-Pacific Waste Management Market Research FAQs
How big is the Asia-Pacific Waste Management Market?
The Asia-Pacific Waste Management Market size is expected to reach USD 111.78 billion in 2024 and grow at a CAGR of 6.04% to reach USD 149.86 billion by 2029.
What is the current Asia-Pacific Waste Management Market size?
In 2024, the Asia-Pacific Waste Management Market size is expected to reach USD 111.78 billion.
Who are the key players in Asia-Pacific Waste Management Market?
Suez Environment S.A., Waste Management Inc., Cleanaway Waste Management, Veolia Environmental Services and BRISEA Group, Inc. are the major companies operating in the Asia-Pacific Waste Management Market.
What years does this Asia-Pacific Waste Management Market cover, and what was the market size in 2023?
In 2023, the Asia-Pacific Waste Management Market size was estimated at USD 105.03 billion. The report covers the Asia-Pacific Waste Management Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Waste Management Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Asia-Pacific Waste Management Industry Report
Statistics for the 2024 Asia-Pacific Waste Management market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Waste Management analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
