The waste management industry took a hit during the pandemic as the lockdowns led to declining waste products from the industrial sector. However, the industry has been gaining traction with reopening production facilities. The global waste management market is expected to grow at a CAGR of 3.4% to reach $2.48 trillion by 2030.
The global waste management market's growth is expected to be primarily driven by proactive measures to reduce illegal dumping and curb greenhouse gas emissions. Also, increased awareness regarding renewable waste management systems and the surge in need to develop waste-to-energy solutions are expected to provide lucrative growth opportunities for this market.
