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Wet Waste Management Market Research
Report By Forecast To 2023
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Wet Waste Management Market Research Report - Forecast to 2023
Global Wet Waste Management Market information: by Service & Equipment (Collection &
Transportation, Processing, Disposal), Source (Industrial, Municipal, Commercial, Healthcare & Medical),
Waste Type (Food Scrap, Meat & Bones, Agricultural Waste, Medical Waste) and By Region - Global
Forecast to 2023.
Wet waste is the organic waste, which is usually heavy in weight due to dampness and can be isolated on the basis of
biodegradable and non-biodegradable waste. Wet waste primarily comprises of food scrap, meat &bones, agricultural
waste, medical waste, shredded paper, and others. Wet waste management is a process of composting the waste for the
production of manure, biogas, etc. Moreover, composting is a process of crushing down the organic matter in the presence
of air. Compost is the end product of composting, usually rich in readily usable plant nutrients forming a part of the fertile
soil. Additionally, removal of waste from public areas helps in reducing risks associated with health and hygiene, diminishing
exposure to biohazards and also diminishes infestation of pests. Wet waste management also produces waste energy, which
can be further utilized and deployed to generate electricity.
Growing awareness for the wet waste management is a vital factor propelling the global wet waste management market.
Additionally, the introduction of new wet waste management technologies such as waste to energy solutions is further
augmenting the overall growth of the wet waste management market. Increasing environmental sustainability and
increasing utilization of the eco-friendly fuels are the prime elements driving the growth of the global wet waste
management market. Growing government initiatives to spread wet waste management awareness among the population
is further anticipated to boost the overall global wet waste management market over the forecast period.
The global wet waste management market is expected to grow at a CAGR of ~ 5% during the forecast period.
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Wet Waste Management Market Research Report - Forecast to 2023
Segmentation
Global wet waste management market is segmented based on service & equipment, source, waste type, and region. Based
on the service & equipment, the market is segmented into collection & transportation, storage, sorting, processing, and
disposal & landfill. The processing is projected to dominate the global wet waste management market and is likely to
continue over the forecast period, 2017-2023 due to growing population, coupled with growing waste generation and
management services. Based on the source, the market is segmented into household & municipal waste, commercial waste,
industrial waste, healthcare & medical waste, and other waste. The household & municipal waste dominated the market in
2016 and is projected to be the fastest-growing source over the review period. The global increase in the urbanization with
humongous population growth is creating a wide scope household & municipal waste generation. Based on the waste type,
the market is segmented into food scrap, meat & bones, agricultural waste, medical waste, shredded paper, and others. The
food wastage is considered as one of the major problems across the world, a huge amount of food is wasted across the
world through the residential and commercial sector. Thus, making food scrap as a prominent segment as a waste type in
global wet waste management market.
The wet waste management industry is expected to have a vast number of new participants over the forecast period owing
to continuous expansions in packaging industry coupled with rising consumer preferences for high hygiene features. The
market is also expected to have high development activities by multinationals and well-established companies. Mergers and
acquisition activities are anticipated to be witnessed over the forecast period.
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Wet Waste Management Market Research Report - Forecast to 2023
Segmentation
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Wet Waste Management Market Research Report - Forecast to 2023
Regional Analysis
The global wet waste management is majorly fragmented into four regions namely North America, Europe, Asia Pacific, and
Rest of the World. Among these, Asia Pacific is anticipated to grow at highest CAGR and hold the largest market share in the
global wet waste management market. The growing awareness for wet waste management of the region with forthcoming
advanced new technologies such as waste to energy solution, also the growing utilization of eco-friendly materials and
increasing ecological sustainability concerns, improved economic conditions of major emerging nations. All these factors are
majorly contributing towards the evolution of the wet waste management market in Asia Pacific region.
Europe held the second largest market share in 2016. The market for wet waste management is primarily driven due to the
increasing government initiatives and support schemes to promote waste management. All the major countries in Europe
have sponsored various private players in the waste management through their municipal commission at the city level to
promote health and hygiene benefits across the population. North American countries are practicing wet waste
management techniques from the last few decades and are expected to witness the same stagnant growth over the
forecast period. The U.S. and Canada are the prominent countries, which are immensely concentrating on promoting wet
waste management at an extensively level to obtain compost for farms and biofuels as transport fuels.
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Wet Waste Management Market Research Report - Forecast to 2023
Key Players
Some of the key players in the global wet waste management market are Clean Harbors Inc. (U.S.), SUEZ Environment Co.
S.A. (France), Veolia Environment S.A. (France), Republic Services Inc. (U.S.), Waste Management Inc. (U.S.), Covanta Energy
Corporation (U.S.), Advanced Disposal Services, Inc. (U.S.), Stericycle (U.S.), Progressive Waste Solution Ltd. (Canada),
Remondis SE & Co. Kg (Germany), Sampurn(e)arth Environment Solutions Pvt. Ltd. (India), Eco Wise Waste Management
Pvt. Ltd. (India), Waste Ventures India (India), Fomento de Construcciones y Contratas (Spain), and Panda Recycling (Ireland)
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