Europe Waste Management Market

Europe Waste Management Market Size (2024-2029):

The Europe Waste Management Market is expected to grow at a CAGR of 3.40% during the forecast period 2024-2029. The market value was at USD 426.54 billion in 2023, and the value is expected to reach USD 521.29 billion by the end of 2029

MARKET DRIVERS AND RESTRAINTS

The growing need for reducing the pollution index in Europe and around the world is driving the local waste management market. In addition to this, large-scale immigration has also caused the proliferation of the production of waste, thus giving more possible incentives for the operating industries. Another reason is the high recyclability practiced and continuous improvements in the waste management sector. The economies of various Europe countries are growing, and this presents growth opportunities to various industries including waste management. Waste-to-energy conversion processes are also gaining popularity in Europe.

Regulations adopted by the Europe Union regarding the reduction in the adoption of incineration technique for waste management has caused many industries to scratch their head to look for an alternate solution without substantially increasing their cost. The waste to the energy conversion process, despite being promising has not yet produced a cost-efficient solution for the industries.

IMPACT OF COVID-19 ON THE EUROPE WASTE MANAGEMENT MARKET

Coronavirus has posed severe challenges for the waste management market by impacting everyday activities. Major economies of Europe like Italy, Germany, the UK, etc., are severely affected by the pandemic, which resulted in the slowdown of manufacturing industries. Europe was the early hotspot for COVID, and the lockdown imposed by several Europe nations impeded the growth of several industries including waste management. Still, the waste segregation industry and the waste management industry in the Europe region have remained stable. This can be attributed to the fact that demand for packaging has increased and bioplastics and similar materials have been segregated successfully during this period. Healthcare experts have suggested that amidst the absence of vaccines, trials are supposed to ramp up, and thus the demand for waste management will be very high in this locale in the future.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Europe Waste Management Market - By Type:

• Municipal Waste
• Industrial Waste
• Hazardous Waste

Europe Waste Management Market - By Service:

• Collection
• Disposal

The municipal waste segment is the largest shareholder of the waste management industry in Europe. In addition, this segment is also forecasted to witness the highest CAGR during the forecast period between 2021 and 2026.

Based on service, the collection segment is foreseen to be the fastest-growing in the Europe waste management industry. It is anticipated to register the highest revenue during the outlook period. The reformation of waste as animal feed is also getting popular in the Europe region.

MARKET GEOGRAPHICAL ANALYSIS

• Germany
• Italy
• France
• United Kingdom

Germany and the UK are the largest markets in the Europe region in terms of waste management. The countries are focusing on various industrial production activities which in turn benefits the Europe waste management industry.

KEY PLAYERS IN THE EUROPE WASTE MANAGEMENT MARKET

Companies playing a prominent role in the europe waste management market include Advanced Disposal Services, Republic Services, Waste Management Inc, FCC Environment Ltd., and Others.

RECENT HAPPENINGS IN THE EUROPE WASTE MANAGEMENT MARKET

• In 2019, The second-quarter results of Advanced Disposal Services Inc. showed strong revenue growth of 5.3% with 3.2 % price gains. Safety for customers and Employees was also mentioned by CEO Richard Burke during the announcement.
• In 2020, Stericycle announced its divestiture of Domestic Environmental solutions.