Waste Transportation Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Waste Type (Hazardous Waste, Municipal Waste, Industrial Waste), By Mode Of Transportation (Rail Transport, Road Transport, Air Transport, Sea Transport), And By Geography - Forecasts From 2024 To 2029

The waste transportation market is expected to grow at a CAGR of 5.44%, reaching a market size of US$ 205.976 billion in 2029 from US$142.139 billion in 2022.

Waste Management is a technique of collection, treatment, disposal, and recycling of waste materials that can cause harm to the natural environment and biodiversity when not handled properly. There is hazardous waste or not, which can come in any shape and damage the ecosystem, such as solids, liquids, gases, and sludges produced during chemical production in factories, industries, and plants. Many diseases spread due to improper waste accumulation and therefore it requires proper waste management entities to streamline the process of waste management. To protect human and animal health, waste needs to be disposed of properly.

This has led to various methods of waste management as there is an ever-increasing international recognition of appropriate waste disposal. There are so many dangerous elements with large amounts of metals including salts that must be gotten rid of before they can be harmful waste because recycling processes involve some risks that just can be avoided like transportation pollution among others which are very harmful.

Few significant companies, like Veolia, Covanta, Valicor, and Waste Management Inc., control the majority of the market. Their vast customer bases and goodwill prevent new competitors from entering the market. Because processing technologies are so advanced, it is also anticipated that new entrants to the market will face high capital costs. It is anticipated that this will lessen the threat of new competitors, reducing market competition.

Market Drivers:

• The increase in demand for waste transportation is expected due to pollution and environmental degradation.

The increase in pollution in the 21st century has contributed a lot to the need for waste management techniques to curb rising diseases, climate change, and environmental degradation. One such reason for increasing pollution in the world is an increase in population as more and more are living in conducted housing environments giving rise to slums and unhygienic breathing spaces. Poorly managed waste dumped in oceans and landfills causes increases in diseases and health disorders for aquatic and terrestrial animals. It is found that more than a million children die from air pollution. As per, India’s Environmental Report, premature deaths are an increasing effect due to increasing pollution levels.

• Many incentives and programs have been formulated recently all over the world to prioritize waste management and transportation system.

In 2019 national clean air program was initiated by India to improve its air quality considerably come 2024 by reducing PM levels within range 20-30%. This was later extended to 2026 inorder to cut our pollution levels by 40% in 2022. This goal was extended to 2026 in 2022 with the intention of achieving a 40% decrease in pollution levels over the past years. In the USA, ACT Environmental and Infrastructure partnered with The Sustainable Workplace Alliance in August 2022, to provide training facilities and classes to students on environmental knowledge, expert guidance on waste management operations, and health and safety training that is required in USA industries. Due to the increase in plastic waste globally, Accenture, EY, the University of Leeds, and the United Nations Industrial Development Organization collaborated to effectively reduce the amount of plastic with the expertise of these corporate companies and the guidance of UNIDO

• Increasing need for waste collection

Segregating waste, loading and unloading waste, choosing a suitable location, preparing that location for waste storage at a minimum distance from the waste generation site, and maintaining the waste are all included in waste collection. The waste collection companies must think about routinely maintaining and cleaning these storage areas.

Avoid spillage or leaking waste while on the move by taking necessary measures. Seal off liquid waste from spilling as it is transported around. Safe waste delivery will only be achieved if we send all non-risk creating trash directly into recycling centers. Instead, use appropriate channels to convey dangerous industrial or commercial rubbish.

Market Restraint:

• High operating cost

It is projected that the high cost of operating and acquiring waste management solutions will have an effect on market expansion. Furthermore, the industry can demand high wages due to its labour-intensive nature. Waste transportation has high costs since it involves both collection and transportation expenses to landfills or recycling facilities.

Asia Pacific is projected to grow at a high rate during the forecast period

Waste transportation has increased in the Asia-Pacific region, particularly in India, as a result of increased pollution. India’s E-waste Management has disclosed that electronic waste has now become a household problem in the country with alerts on waste transportation which is likely to be spurred by administration drives like Swacch Bharat Abhiyan and zero waste plans operating in different states across the Asia Pacific region after China. Some of the government’s programs are expected to result in heightened waste transportation consciousness like the Swacch Bharat Abhiyan or various Asia Pacific countries’ zero waste strategies hence taking the toll further. Consequently, it is expected to positively affect the growth of the market in Asia Pacific.

Market Developments:

• In February 2024, The report's launch was announced at the Global Waste Management Outlook 2024 event at UNEA-6, which was attended by the UNEP Executive Director, the President of the International Solid Waste Association, and the Permanent Representative and Ambassador of Turkey to UNEP. The main writer of the report gave an overview description about how world wastes are managed internationally and mentioned key findings from GWMO 2024 on where things stand right now in terms of worldwide trash creation. The report underscores the importance of political leaders in achieving zero rubbish initiatives both through government policies and company strategies.
• In February 2022, EnviroServe, a Savage Company, announced that it had acquired Chemical Transportation, Inc., a specialized waste transportation and environmental services provider with operations in Arizona, New Mexico, and Texas. The company has added four new locations throughout the Southwest and over 65 experienced Team Members.

Key Market Segmentation:

Waste transportation Market is segmented and analyzed as below:

• By Waste Type
  • Hazardous Waste
  • Municipal Waste
  • Industrial Waste
• By Mode of Transportation
  • Rail Transport
  • Road Transport
  • Air transport
  • Sea Transport
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Others