In 2017, the waste management equipment market was estimated to be worth close to US$ 11 billion. With a 4.4% CAGR from 2018 to 2028, the waste management equipment market is predicted to experience strong growth.
Over the past few years, there has been a noticeable increase in food waste. According to the Food and Agricultural Organisation of the United Nations, some 1.3 billion units, or about one-third of the entire amount of food processed for human consumption, are wasted each year. Food waste is expanding with a sizable CAGR.
Food waste as a whole results in landfills receiving 16% of it and recycling 8.1% of it. Over the past three years, recycling of food waste has gradually grown. The demand for recycling equipment has increased due to improvements in the food waste recycling process, which has boosted sales.
The Waste Management Equipment market is poised for significant growth as governments, industries, and communities increasingly prioritize sustainable waste management practices. Waste management equipment plays a crucial role in facilitating efficient waste collection, processing, and disposal, contributing to environmental preservation and resource conservation. The market’s expansion is driven by the growing awareness of the environmental impact of improper waste disposal and the need for innovative solutions to manage waste effectively.
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One of the key drivers behind the growth of the Waste Management Equipment market is the rising focus on waste reduction and recycling initiatives. Governments and regulatory bodies are implementing stringent waste management regulations and policies, pushing for increased recycling rates and waste diversion from landfills. Waste management equipment, such as compactors, balers, and sorting systems, enables efficient waste processing, segregation, and recycling, supporting the transition towards a circular economy.
Moreover, the market is propelled by the increasing urbanization and population growth, which lead to higher waste generation rates. As cities and municipalities face the challenge of managing increasing amounts of waste, the demand for waste management equipment rises. Advanced equipment, including waste compactors and shredders, enable effective waste volume reduction and ensure optimal space utilization in waste collection and disposal facilities.
Furthermore, technological advancements are driving the market’s growth, with the introduction of innovative equipment and smart waste management solutions. Manufacturers are incorporating automation, sensor technology, and data analytics into waste management equipment, enhancing operational efficiency and enabling real-time monitoring of waste levels, collection routes, and equipment performance. These technological innovations streamline waste management processes, improve resource allocation, and contribute to overall cost savings.
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As sustainability becomes a global priority, the Waste Management Equipment market is expected to witness sustained growth. Manufacturers are investing in research and development to introduce eco-friendly and energy-efficient equipment that meets the evolving needs of waste management stakeholders. With their critical role in promoting waste reduction, recycling, and efficient waste handling, waste management equipment plays a pivotal part in creating a more sustainable future.
Companies Covered in This Report –
- CP Manufacturing Inc.
- Dover Corporation
- Moritia Holdings Corporation
- Tomra Systems ASA
- Buhler AG
- Maren Engineering Corporation
- KK Balers Ltd.
- McNeilus Truck & Manufacturing, Inc.
- Heil – An Environmental Solutions Group Company
- Blue Group
- Kadant PAAL GmbH
- Shred-Tech Corporation
- Green Machine Sales LLC
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Waste Management Equipment Market: Segmentation
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| Application |
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| Waste Type |
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