Industrial Waste Management Equipment Market Size & Growth Analysis to 2030

The global industrial waste management equipment market size is anticipated to register a significant CAGR of over 4.5% during the forecast period from 2023 to 2030. The market is driven by increasing waste generation due to rapid industrialization and urbanization. Stringent environmental regulations, growing focus on sustainability, and resource efficiency needs are pushing industries to adopt advanced waste management solutions. Cost savings, technological advancements, and rising awareness of environmental issues also contribute to the market’s growth. Industry-specific waste management needs and circular economy initiatives further fuel the demand for industrial waste management equipment. Government incentives and programs promoting sustainable waste management practices encourage industries to invest in modern waste management technologies to address environmental challenges effectively.

Market Drivers:

• Increasing Waste Generation: The rapid industrialization and urbanization in many regions have led to a significant increase in industrial waste generation. As industries produce more waste, the demand for effective waste management solutions and equipment rises.
• Stringent Environmental Regulations: Governments and regulatory bodies worldwide are imposing strict environmental regulations to ensure proper waste management and reduce the environmental impact of industrial waste. Compliance with these regulations necessitates the adoption of advanced waste management equipment.
• Growing Focus on Sustainability: Industries are increasingly adopting sustainable practices and striving for environmental stewardship. Waste management equipment helps industries minimize waste, recycle materials, and reduce their carbon footprint, aligning with sustainability goals.
• Need for Efficient Resource Utilization: Waste management equipment enables the recovery of valuable resources and materials from waste streams, promoting circular economy principles and efficient resource utilization.
• Cost Savings and Efficiency: Proper waste management through advanced equipment can lead to cost savings by reducing waste disposal costs and optimizing resource usage.
• Technological Advancements: Ongoing advancements in waste management equipment technology, such as improved sorting systems and automation, make waste management more efficient and cost-effective.
• Rising Awareness of Environmental Issues: Increased public awareness of environmental issues, such as pollution and climate change, has driven industries to adopt responsible waste management practices.
• Industry-Specific Waste Management Needs: Different industries generate specific types of waste that require specialized handling and treatment. Industrial waste management equipment caters to these industry-specific needs.
• Circular Economy Initiatives: The adoption of circular economy principles, which aim to minimize waste generation and maximize resource efficiency, has driven industries to invest in waste management equipment.
• Government Incentives: Incentive programs and government initiatives promoting sustainable waste management practices and equipment adoption encourage industries to invest in modern waste management technologies.

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Market Insights:

Market Analysis by Equipment Type:

The global industrial waste management equipment market is bifurcated into equipment type, waste type, end-use industry, and geography. On the basis of equipment type, the market is further segmented into incinerators, compactors, shredders, balers, crushers, granulators, and others. The incinerators and shredders are two segments that have often been observed as dominant in the market. Incinerators are favored for their ability to handle hazardous and medical waste, which require specialized treatment due to their potential environmental and health risks. Industries generating such waste, such as healthcare facilities, chemical plants, and pharmaceutical companies, often prioritize incinerators for safe and effective disposal.

Shredders, on the other hand, are widely used for general waste management across various industries. Shredders are versatile machines capable of processing various waste materials, including paper, plastics, cardboard, and electronic waste. Their ability to reduce waste volume and prepare materials for recycling or disposal makes them indispensable in many industrial waste management processes.

Incinerators: Incinerators are used to burn and dispose of various types of industrial waste, reducing the volume of waste and converting it into ash, gas, and heat. Incinerators are especially suitable for hazardous and medical waste disposal.

Compactors: Compactors are machines that compress waste materials to reduce their size, making it easier to store, transport, and manage. They are commonly used for non-hazardous waste in industries and commercial settings.

Shredders: Shredders are designed to break down waste materials into smaller pieces, making it easier for further processing, recycling, or disposal. They are often used for various types of waste, including paper, cardboard, plastics, and electronic waste.

Balers: Balers are machines used to compress and bind recyclable materials, such as paper, cardboard, plastics, and metals, into compact and manageable bales for storage and transportation.

Crushers: Crushers are utilized to crush large-sized waste materials into smaller particles or powders, facilitating the handling, recycling, or disposal of waste materials.

Granulators: Granulators are machines that break down waste materials into granules or pellets, making them suitable for recycling or further processing.

Others: This category includes specialized waste management equipment designed for specific waste types or applications not covered by the above categories.

Market Analysis by Waste Type:

On the basis of waste type, the global industrial waste management equipment market is further segmented into hazardous waste and non-hazardous waste. The non-hazardous waste segment is accounted to hold the largest revenue share of the global market in 2022. Non-hazardous waste is generated in large volumes across various industries, commercial establishments, and residential areas. It includes general solid waste, such as municipal waste, construction and demolition debris, organic waste, paper, plastics, and metals. The high volume of non-hazardous waste generated requires efficient waste management solutions, making equipment like compactors, shredders, balers, and crushers essential for its proper handling, recycling, and disposal.

While hazardous waste requires specialized treatment due to its potential risks to human health and the environment, it is typically generated in relatively smaller quantities compared to non-hazardous waste. Consequently, the volume of hazardous waste managed by industrial waste management equipment may be comparatively lower, making the non-hazardous waste segment dominant in terms of overall waste volume and equipment demand.

Hazardous Waste: Hazardous waste includes materials that pose a significant risk to human health and the environment due to their chemical, biological, or physical properties. Examples of hazardous waste include certain chemicals, solvents, pharmaceuticals, medical waste, radioactive materials, and contaminated materials. Industrial facilities, research laboratories, healthcare institutions, and manufacturing plants are some of the major generators of hazardous waste. Specialized waste management equipment, such as incinerators and specialized containers, is required for the safe handling, treatment, and disposal of hazardous waste.

Non-Hazardous Waste: Non-hazardous waste refers to waste materials that do not present an immediate threat to human health or the environment. It includes general solid waste, such as municipal waste, construction and demolition debris, organic waste, paper, plastics, and metals. Non-hazardous waste is generated in various industrial, commercial, and residential settings. Equipment like compactors, shredders, balers, and crushers are commonly used for the efficient handling, recycling, and disposal of non-hazardous waste.

The industrial waste management equipment market research report presents the analysis of each segment from 2020 to 2030 considering 2022 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2023 to 2030.

Historical & Forecast Period

• 2020-21 – Historical Year
• 2022 – Base Year
• 2023-2030 – Forecast Period

Market Segmentation:

By Equipment Type:

• Incinerators
• Compactors
• Shredders
• Balers
• Crushers
• Granulators
• Others

By Waste Type:

• Hazardous Waste
• Non-Hazardous Waste

By End-Use Industry:

• Manufacturing
• Construction
• Healthcare
• Chemicals
• Automotive
• Electronics
• Oil and Gas
• Food and Beverage
• Municipalities and Government Agencies
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Regional Analysis:

On the basis of region, North America and Europe have been dominant regions in the Industrial Waste Management Equipment Market. These regions have well-established industrial sectors, stringent waste management regulations, and a strong emphasis on environmental sustainability. The United States, in particular, has a significant industrial base with a high demand for efficient waste management equipment to handle both hazardous and non-hazardous waste streams. European countries also prioritize waste management and recycling, driving the demand for advanced waste management equipment.

On the other hand, the Asia Pacific region has emerged as a dominant and rapidly growing market. Countries like China, India, Japan, and South Korea have witnessed rapid industrialization, leading to a substantial increase in industrial waste generation. As these countries face environmental challenges, there is a growing focus on waste management and sustainable practices, driving the demand for industrial waste management equipment. Moreover, government initiatives and environmental regulations aimed at promoting proper waste management and resource conservation have further boosted the demand for waste management equipment in the Asia Pacific region. The region’s large population and increasing urbanization contribute to the significant volume of waste generated, creating a robust market for waste management equipment.

Competitive Assessment:

Some of the major market players operating in the global industrial waste management equipment market are Waste Management Inc., SUEZ Group, Veolia Environnement S.A., Republic Services, Inc., and Clean Harbors, Inc. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. For instance:

• In May 2023, Wastequip unveiled the innovative Compactor Service Solutions through its Wastequip WRX service division. This groundbreaking offering is the industry’s first comprehensive service package, allowing waste management compactor customers to access a centralized platform for efficiently scheduling preventative maintenance, installation, repairs, and service. Wastequip WRX’s extensive network of skilled technicians ensures quick and reliable support.
• In December 2022, Doosan introduced the new DL-7 range of wheel loaders with a specialized Waste and Recycling Kit. This kit is meticulously designed to enhance operator safety in hazardous waste handling and recycling applications, providing protection against airborne dust, dirt, and other perilous particulates. The kit includes essential safety features like windshield guards, rim covers, and road light protection.
• In August 2022, Blankenship Equipment made a strategic move by acquiring Recycle Systems, a prominent baler sales and service company. This acquisition reinforces Blankenship Equipment’s market presence in Western Canada, Alaska, Montana, Idaho, and neighboring regions, further strengthening their position as a leading player in the waste management equipment industry.
• In November 2022, Averda International Limited and King Abdullah University of Science and Technology (KAUST) forged a strategic partnership to introduce sustainable waste management services to universities across Saudi Arabia. The agreement, set for a decade, seeks to establish zero waste to landfill centers at these universities. By joining forces, Averda and KAUST aim to promote environmentally responsible waste management practices and create a cleaner and more sustainable future for Saudi Arabia’s academic institutions.
• In November 2021, Waste Management Inc. made a significant investment of approximately USD 200 million to enhance its recycling infrastructure. This strategic initiative aimed to improve the company’s recycling capabilities and capacity, enabling them to efficiently capture a larger volume of recyclable materials. As a consequence of this investment, there was a heightened demand for additional waste management equipment to support the increased recycling operations and ensure the proper handling and processing of the growing recyclable materials.

Key Companies:

• Waste Management Inc.
• SUEZ Group
• Veolia Environnement S.A.
• Republic Services, Inc.
• Clean Harbors, Inc.
• Stericycle, Inc.
• Covanta Holding Corporation
• GFL Environmental Inc.
• Advanced Disposal Services, Inc.
• Casella Waste Systems, Inc.

Key Questions Answered by Industrial Waste Management Equipment Market Report

• Global industrial waste management equipment market forecasts from 2023-2030
• Regional market forecasts from 2023-2030 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2023-2030 covering 15 major countries from the regions as mentioned above
• Industrial waste management equipment submarket forecasts from 2023-2030 covering the market by equipment type, waste type, end-use industry, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis about the market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level industrial waste management equipment markets from 2023-2030
• Competitive Landscape and market positioning of top 10 players operating in the market