The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Value (2022): USD 95.35 billion
• Forecast CAGR (2023-2028): 3.60%
• Forecast Market Value (2028): USD 117.89 billion
Global urbanisation and rapid population growth will raise the need for trash management as garbage generation rises. The generation of water waste is anticipated to increase along with the population, which will fuel the demand for the liquid waste management market.
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Manufacturing enterprises have been compelled to adjust to the standards for wastewater treatment as a result of strict laws set by regulatory organisations. Depending on the industry, various government authorities have defined maximum allowed contamination levels in discharges, which is likely to spur the growth of the liquid waste management market.
Growing public awareness of the dangers hazardous industrial waste poses to the environment and to the flora and fauna can help the market flourish. Additionally, the implementation of regulations that encourage better management methods and the growing socioeconomic awareness of scarce natural resources are likely to accelerate market expansion.
Liquid Waste Management Market Segmentation
Liquid waste management is a technique for reducing water body pollution and the discharge of pollutants into water bodies. Waste management is subject to tight laws, and even the smallest oversight can result in significant fines.
Based on source, the market is divided into:
• Industrial
• Commercial
• Residential
On the basis of industry, the market is segmented into:
• Textile
• Pharmaceutical
• Paper and Pulp
• Food and Beverages
• Chemical and Petrochemicals
• Others
Based on service, the market is categorised into:
• Transportation/Hauling
• Collection
• Disposal/Recycling
The major regional markets include:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
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Liquid Waste Management Market Trends
The residential sector is anticipated to account for the greatest market share among the sources of liquid waste management because of urbanisation and quickly expanding population, which would increase waste production. Water consumption is projected to increase in the coming years as a result of expanding urbanisation and evolving infrastructure, which will further fuel market expansion.
Paper and pulp industry is anticipated to account for a sizeable portion of the liquid waste management market based on industry due to the rising demand for paper and the resulting rise in waste production. Due to the increasing production of high-performance chemicals and the industry’s rapid expansion, the chemical and pharmaceutical industries are also expected to significantly drive the demand for liquid waste management.
At a regional level, in North America, liquid effluents produced by the residential and industrial sectors are fuelling the United States market for liquid waste management. Due to the significant amount of liquid waste produced by the expanding leisure industry, commercial housing complexes, and the rising tourism sector, commercial sources are predicted to continue to play a significant role among other sources.
Key Market Players
The major players in the global liquid waste management market report include Veolia Environmental Services, Covanta Holding Corporation, Clean Harbors, Inc., GFL Environmental Inc., Cleanaway, Hulsey Environmental Services, Enva, and AB Environmental, among others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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