Wet Waste Management Market by Method, Service and Geography - Forecast and Analysis 2023 - 2027

Wet Waste Management Market Forecast 2023 - 2027

The wet waste management market size is forecast to increase by USD 36.54 billion at a CAGR of 5.08% between 2022 and 2027. The growing awareness is driven by increasing environmental concerns and the need for sustainable waste management solutions, is driving market growth by increasing the demand for these technologies and services. The stringent regulations of governments globally for wet waste management, driven by the need to reduce landfill waste and mitigate environmental pollution, are also boosting market expansion by creating a regulatory framework that promotes the adoption of wet waste management practices. Additionally, the conversion of wet waste into bio-based products and organic fertilizers, driven by the need for sustainable waste management solutions and the growing demand for organic products, is driving market growth by creating new revenue streams from wet waste

What will be the size of the Market During the Forecast Period?

 Market Forecast 2023-2027

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Market Segmentation

This report extensively covers market segmentation by method (landfill, recycling, and incineration), service (processing, collection and transportation, disposal and landfill, sorting, and storage), and geography (APAC, Europe, North America, South America, and the Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. 

By Method 

The landfill segment will account for a major share of the market's growth during the forecast period. Landfills are disposal sites generally used for wet waste management. A landfill is an engineered pit that has layers of solid waste that are filled, compacted, and covered for final disposal. 

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The landfill segment was valued at USD 43.76 billion in 2017. They produce environmental problems such as nauseous odours and rat and seagull infestations. Consequently, it is built in restricted areas. A layer of soil is added every day to cover the garbage in the landfills to prevent odours and rodent problems. Also, modern landfills are fully sealed to reduce groundwater contamination in the vicinity.  Nevertheless, there are other environmental and health issues associated with the use of landfills, as methane is highly inflammable, and the chances of fire explosion in landfills are higher. Such factors also contaminate soil and water and can also be partially responsible for climate change. In addition, landfills are a cost-efficient way to keep cities clean with an efficient system. Therefore, the management of landfills is extremely significant, and the segment is expected to grow during the forecast period.

By Service 

Based on service, the market has been segmented into processing. The processing segment will account for the largest share of this segment. The processing of this involves converting it from the premises to compost. This includes food waste, and animal manure, among others, which can be converted into bioenergy and biochar. One of the promising approaches to waste mitigation is conversion and also to encourage sustainability, contributing to a circular economy. Several approaches such as anaerobic digestion, gasification, incineration, hydrothermal carbonization, liquefaction, and others are used for processing wet waste.  Efficient processing will help in lowering harmful greenhouse gas emissions, and waste added to landfills, reduce air, water, and soil pollution, and avoid toxic gas explosions in landfills. Further, processing in the management plays a significant role in lowering toxic emissions. Therefore, due to all such factors, the processing segment in the market is expected to grow during the forecast period.

By Region

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APAC is estimated to contribute 51% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.  Key countries contributing to the growth of the market in the region are China, India, and Japan. Factors such as rapid urbanization and the growth of population in the region led to the accumulation of wet waste and raised the need for this system.

Furthermore, in India, the Central Government has announced the Municipal Solid Waste (Management and Disposal) Code of 2000 under Section 5 of India's Environmental Protection Act 1986, which provides a unified framework for local authorities to countries on MSW management. In addition, from 2024, the Ministry of Environment and Water Resources (MEWR) and the National Environment Agency (NEA) of Singapore will require operators and owners of commercial and industrial facilities that generate large amounts of unwanted material must segregate to be disposed of. Hence, the enforcement of such strict regulations will further drive the need in the region during the forecast period.

Market Dynamics

The market is contributing to environmental sustainability by addressing the challenges of waste management, particularly in managing wet waste, biodegradable, and non-biodegradable waste. Starch derivatives are used to compost various materials, including food scraps, meat, bone forms, and agricultural, reducing their environmental impact. These derivatives also find applications in managing medical waste and shredded papers, providing safe and efficient solutions. As competition increases, pricing and value propositions become crucial, driving innovation in waste management technology. Starch derivatives play a vital role in advancing waste-to-energy solutions and promoting the use of eco-friendly materials in waste management practices. Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market.   

Key Market Driver- Growing awareness for wet waste management and recycling

Increasing public awareness about wet waste management through various initiatives, programs, advertisements, and social media platforms is expected to drive growth in the market. Additionally, the development of waste-to-energy technologies is projected to further boost the market during the forecast period.

Non-governmental organizations (NGOs), civic municipalities, and government institutions are utilizing various communication channels, including social media, schools, and community drives, to raise awareness about wet waste management and the benefits of recycling. This effort is aimed at promoting environmental sustainability and compliance with waste regulations. Additionally, these initiatives focus on enhancing safety and promoting the adoption of advanced waste management technology in the market. Furthermore, the sharing economy, the importance of soil quality management, and the demand for cost-effective manure production on-site are driving the adoption of proper management practices. This trend encourages people to use their garden spaces for growing organic vegetables, leading to an increase in household floriculture hobbyists and the adoption of small-scale farming. These factors are expected to drive market growth in the forecast period.

Major MarketTrends - Increasing popularity of IWMS

WMS (Integrated Waste Management System) focuses mainly on sustainable wet waste management by addressing all the governance as well as technical aspects. For wet waste management, the IWMS incorporates all the streams, unwanted material collection, treatment, and disposal methods.  Such a framework has replaced the concept of wet waste with the concept of a resource to achieve environmental benefits, economic optimization, and social acceptability. It practically integrates prevention and reduction, maximizing wet waste recycling, sorting, and separation in an efficient manner.

However, the organic portion is directed toward the anaerobic process for recycling through composting and energy capture via digestion to biogas. However, the non-organic portion, which cannot be recycled or composted, is used for generating heat via the thermal production process and the resultant thermal energy is known as refuse-derived fuel (RDF).  IWMS comprises the advantages of multiple wet waste treatment technologies in one setup, which leads to synergy, unlike the use of individual technologies. As a result, IWMS will experience an increase in adoption across the globe. For instance, the US EPA has been supporting the idea of IWMS in the US, which authorizes municipalities to manage MSW through different practices that can be tailored to the requirement of a specific community. Thus, the rising popularity of the IWMS is expected to drive market growth during the forecast period.

Significant Market Challenge - High operating and maintenance costs

Food waste treatment processes, such as incineration, experience widespread acceptance in countries such as Japan, where landfilling is not suitable for wet waste treatment. Nevertheless, incineration plants need massive capital investments and high operating and maintenance costs. The expenses may vary depending on the size and design of plants, local infrastructural conditions, unwanted disposal amenities, and energy utilization capability. As a result, incineration needs substantial investments to install the treatment facility and to set up and maintain its operating cycle and spare parts along with skilled people which are required subsequently. 

However, for the initial period, most incineration plants are maintained and built by the companies themselves and then handed over to the client after a certain time. New advanced technologies needed for treating specific constituents of flue gas, including sulfur dioxide and nitrogen oxides, further increase the overall costs. Hence, to reduce such risks, contracts are signed between the concerned parties to ensure that adequate volumes come in for processing, thereby assuring a constant revenue stream over the lifetime of the projects. For instance, in the US, the tipping fee, which is the charge levied for a given quantity of wet waste received at the wet waste processing facility, has been rising because of the growth in per capita waste generation. In addition, the transportation costs involved in shipping food waste from transfer stations to treatment facilities are also high. Therefore, the high operating and maintenance costs limit the growth of the market during the forecast period.

Who are the Major Wet Waste Management Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Bertin Technologies SAS - The company offers sterilwave 100 solutions for the treatment of up to 20kg per hour of biomedical waste.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

Biffa Plc, Clean Harbors Inc., Covanta Holding Corp., Daiseki Co. Ltd., Earthrecycler, Evac Oy, FCC SA, GEPIL, Hasiru Dala Innovations Pvt. Ltd., Hitachi Zosen Corp.,  ProEarth Ecosystems Pvt. Ltd., Republic Services Inc., RETHMANN SE and Co. KG, SAAHAS WASTE MANAGEMENT Pvt. Ltd., Stericycle Inc., SUEZ SA, Valicor Inc., Veolia Environnement SA, and Waste Management Inc. 

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

• Method Outlook 
  • Landfill
  • Recycling
  • Incineration

• Service Outlook 
  • Processing
  • Collection and transportation
  • Disposal and landfill
  • Sorting
  • Storage

• Region Outlook 
  • North America
    • The U.S.
    • Canada
  • South America
    • Chile
    • Brazil
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

Market Analyst Overview

The market is crucial for mitigating environmental pollution and ensuring public health. With increasing environmental pollution awareness, there's a growing emphasis on proper waste segregation and management. Improper waste disposal can lead to various issues like biohazards, blood infections, and respiratory problems. The market addresses these challenges by providing wastewater technologies and environment-friendly laws to manage industrial waste and packaging industry waste. By recycling plastics and converting waste into waste energy, the market contributes to resource conservation. However, restraints like inadequate infrastructure and limited freshwater resources necessitate continuous innovation and investment in the waste management industry.

The market plays a crucial role in handling various types of waste to protect the environment and public health. It addresses challenges such as reproductive problems and skin irritations caused by improper waste disposal. By promoting the segregation of waste and offering waste management services, this market helps manage waste types like e-waste and fillers effectively. Additionally, it focuses on preserving fertile soil and nutrients through proper waste treatment methods. Moreover, by reducing electricity consumption and recycling materials like colorants, it contributes to sustainable practices. Public and private sectors collaborate to ensure oxygen levels are maintained and pests are controlled, ensuring a cleaner and healthier environment.

Market Scope
Report Coverage	Details
Page number	162
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 5.08%
Market growth 2023-2027	USD 36.54 billion
Market structure	Fragmented
YoY growth 2022-2023(%)	4.78
Regional analysis	APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution	APAC at 51%
Key countries	US, China, India, Germany, and the UK
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	Bertin Technologies SAS, Biffa Plc, Clean Harbors Inc., Covanta Holding Corp., Daiseki Co. Ltd., Earthrecycler, Evac Oy, FCC SA, GEPIL, Hasiru Dala Innovations Pvt. Ltd., Hitachi Zosen Corp.,  ProEarth Ecosystems Pvt. Ltd., Republic Services Inc., RETHMANN SE and Co. KG, SAAHAS WASTE MANAGEMENT Pvt. Ltd., Stericycle Inc., SUEZ SA, Valicor Inc., Veolia Environnement SA, and Waste Management Inc.
Market dynamics	Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
• Precise estimation of the size of the market size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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