Wet Waste Management Market Trends

Wet Waste Management Market Overview

The wet waste management market size was valued at USD 138.35 Billion in 2023.  The wet waste management industry is projected to grow from USD 145.82 Billion in 2024 to USD 229.79 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.85% during the forecast period (2024 - 2032). It is found that wet waste is an organic waste because of its dampness characteristics and it can be separated according to biodegradable and non-biodegradable waste. The wet waste consists of food scrap, meat and some bone forms, agricultural along with medical waste, shredded papers, and many others. This is a very good process for composting and crushing up organic substances in the presence of oxygen.

The compost so formed is rich in nutrients, and is processed into several different processes. It is the end product of composting. It is part of fertile soil. Removing the waste from public units helps in decreasing the risks and raises health facilities and hygienic nature. It reduces exposure to biohazards and also decreases the infestation of pests. This type of management gives out waste energy. This waste so generated liberates out waste and is deployed for producing electricity.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

COVID 19 ANALYSIS

It was found that 2020 was the worst period due to COVID. The pandemic had a tremendous effect on worldwide people. The improvement of lockdown by the government and the public committees and municipality has taken several steps as per the situation. Improper management of waste raises the risk of the spread of diseases and infections. Contamination of water and crops leads to severe health hazards. In some of the developing countries, loss of the product due to illness was marked. The impact of such undischarged waste has many health hazards and is much more disastrous than COVID. As per COVID, globally many fatalities due to improper waste management were observed. The slowdown in the proper waste disposal was marked. COVID led to disruptions in the supply chain and the management and the commercial activities were disrupted. There was a recession in the economic sector along with the combination of low commodity costs. This raises the expenses of the cheaper virgin raw materials instead of using recycled materials. The outbreak of the pandemic changed consumer behavior. Wastewater separation means the way to change the market behavior of dry water and wet wastewater. A change in behavior of the whole of the population was marked.

Competitive Landscape

List of the key major companies operating in the global Wet Waste Management Market are

• Clean Harbors Inc. of the United States


• Panda Recycling of Ireland


• SUEZ Environnement Co. S. A. of France


• Fomento de Construcciones Contratas of Spain


• Veolia Environnement S. A. of France


• Eco-Wise Waste Management Pvt. ltd of India


• Waste Ventures India of Spain


• Republic Services Inc. of the United States


• Sampurn(e) Environment Solutions Pvt ltd


• Covanta Energy Corporation of the United States


• Remondis SE and Co. Kg of Germany


• Advanced Disposal Services Inc. of the United States


• Progressive Waste Solution ltd of Canada and many more.

Wet Waste Management Market Segmentation

Wet Waste Management Market Dynamics

• Drivers- rise in awareness about water waste management is a good steering factor that raises the wet wastewater management market growth. Growth in population along with the rise in waste treatment. Rising the buying power decreased the shelf life of the electronic products. Reduction in the presence of freshwater resources and rise enhancement in the growth of wastewater technologies expands up the market size.


• Opportunities- the rise in government regulations in the market for managing it in a better manner drives up the market growth. Initiating government protection environment-friendly laws steers up the market growth during the market forecast period. Strongly focussing on conducting the regulatory programs raises the importance of segregation of waste and managing it as per the technology. Reduction in the life of electronic products raises the demand for e-waste. Adopting newly advanced methods like incineration, composting and recycling gives new expansion opportunities.


• Challenges- recycling plastics is quite expensive as compared to other new plastics which is the major challenging factor. The fillers and colorants so used are the other challenging factors.


• restraints- the rise in the cost of the management devices and the impact of COVID restraints up the wet wastewater management market. Discharging in the wrong manner deteriorates market growth. Exposing oneself to those improperly handled waste sometimes causes irritations of akin, rise in blood infections, some of the respiratory problems, along with growth problems, along with it different reproductive problems.

Wet Waste Management Market Segmentation

• By type- globally, the global market is classified into services, types of equipment, source, type of waste, and based on region. As per the services and types of equipment, the market is being classified into collection and transportation, storage facility, sorting out things, processing it, and disposing of it in the landfill. The processing segment is expected to occupy a huge wet wastewater management market share and will continue to project in the market forecast period. As per the source, the market is classified into a household segment, along with municipal waste, commercial along industrial waste healthcare medical along with other such waste. The household and the municipal segment occupies a huge wet wastewater management market share. It is said to be the fastest-growing area during the assessment period. The rise in urbanization along with the rise in population is creating a huge scope for manufacturing household and municipal waste. As per the waste type, the water market is being classified into food scrap, meat, bones along with agricultural waste, shredded paper, and waste, and many more. Wasting food is one of the most important problems throughout the world across residential and commercial units. Food scrap was the most prominent and most dominated segment. Moreover, the water market industry has a large number of participants during the market forecast period. It owes to the rise in growth of the industry where most of the priority is given to the users. This raises the hygienic nature of the product. High developmental and high growth activities of the business are done by multinationalism and some other key players. Merging up and acquisitions and building partnerships are the most important characteristics nowadays.


• By technology- The rise in technology towards the introduction of new wet waste management as per the advanced technology such as giving solutions to waste to energy drives up the market size. High growth in the environment, sustainability, and the rise in utilization for the use of environment-friendly fuels are the primary components spurring up the business sector of the global market. Taking awareness for the growth in population spreads up the awareness towards management among the public helps in anticipation that will help in boosting up the wet wastewater management size. The advancement of technology led to the development of new and innovative products for disposal. Technology raises growth and maturity and leads to the adoption of new disposal and recycling methods. It led to the invention of electronic products which has brought it to a certain recyclable stage. Technological requirements transform the requirements of the users. Advancement of technology resulted in the innovation of new electronic products which helped in upgrading the old products.

REGIONAL ANALYSIS

Globally, it was found that the region has expanded into the region of North America, some of the European region, Asia Pacific, and some of the regions in the rest of the world. The Asia Pacific occupies a large market share and a large water wastewater management market value. The rise in growth of awareness about the region, whereas they took the help of advanced technology, such as waste to energy solutions. Growth in urbanization and advancement in using environment-friendly products and increase in sustainability towards ecological concerns improves up the economic conditions of the industry. Some of the European regions contribute and cover a huge market share in the year 2016. The water management in this region is aroused by the rise in initiatives taken by the government and the schemes that support the promotion of the management. The countries in the European region have sponsored several market players in the market with the help of municipal corporations for entry up the health and hygiene facility. Some of the North American regions are practicing the techniques for a few years and have gained exponential growth in a few years. The regions of the United States and Canadian region are gaining prominent growth and are managing in a good manner. This engagement system gains compost for farming purposes and uses it as biofuels for transportation of fuel purposes.

REPORT OVERVIEW

The report signifies the recent developments. It gives a clear picture of the market scenario. It gives a clear view of the impact of COVID on the environment. It gives details about the driving factors and the opportunities so imposed on the environment. The market will see a huge growth by 2030.