Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Industrial Waste Management Market size was valued at USD 10 trillion in 2024 and is expected to reach USD 19.09 trillion by 2037, registering around 5.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of industrial waste management is assessed at USD 10.43 trillion.
The growth of the market can be attributed to the increasing need to efficiently manage waste from industries, backed by increasing number of industries globally. With the rapid industrial development, the waste generated by these industries is mounting, which is estimated to fuel the demand for industrial waste management system. Moreover, increasing environmental awareness amongst the public, and accountability of industrialists for the impact of the waste generated, is estimated to drive the market growth. The pattern of waste management is changing to a more environment friendly disposal of waste, which is another factor expected to boost the market growth. Furthermore, stringent waste management regulations by the governments of various nations, is also anticipated to promote the market growth. For instance, United Nations Environment Program (UNEP) launched the Cleaner Production Program in 1989, which aimed to reduce the toxic waste produced by manufacturing industries.
