The global liquid waste management market is estimated at US$90.205 billion in 2024 and is anticipated to grow at a CAGR of 5.45% during the forecast period and reach US$117.589 billion in 2029.
The global liquid waste management market is driven by the surging number of water-borne diseases such as malaria, typhoid, diarrhea, cholera, and other related diseases, which cause safety concerns and increase toxicity among individuals. The market is also expected to be driven by the rising population, increasing urbanization, and surging liquid waste from residential areas, industries, etc.
GLOBAL LIQUID WASTE MANAGEMENT MARKET DRIVERS:
- The increasing number of waterborne diseases is expected to propel the market for liquid waste management in the coming years. Some of the most common water-borne diseases are Typhoid, Cholera, diarrhea, and Malaria. For instance, according to the World Health Organization (WHO), global cholera cases doubled from 2021 to 2022, and the number of cases climbed further in 2023. The reported cholera cases in 2022 were 4,72,697, up from 2,23,370 in 2021. The number of countries reporting cholera increased from 35 to 41. Additionally, there was a cholera outbreak in 2022 that was larger and more frequent in seven countries, namely Cameroon, Afghanistan, the Democratic Republic of the Congo, Somalia, Nigeria, Malawi, and Syria. This reported an outbreak of more than 10,000 people.
- Similarly, typhoid cases are rapidly increasing in developing countries such as India. For instance, according to the World Health Organization (WHO), the number of typhoid cases in 2022 in India was 4,02,532, which increased to 5,74,129 in 2023. Hence, the increasing number of waterborne diseases is expected to increase the demand for liquid waste management in the projected period.
- The increasing urbanization and rapidly growing population are expected to increase the demand for liquid waste management in the coming years. For instance, according to the Food and Agriculture Organization (FA0), the world population is expected to grow by over a third, or 2.3 billion, between 2009 and 2050, making 9.1 billion people by 2050. Moreover, according to the United Nations Conference on Trade and Development (UNCTAD), the percentage of people living in urban areas was 52.5% in 2012, which increased to 56.9% in 2022. Additionally, according to the United States, the number of people in urban areas is expected to increase by 68% by 2050. Furthermore. The share of people living in urban areas is higher in developed countries, with 79.7% in 2022, whereas the share of people living in urban areas in developing countries is 52.3% in the same year. Hence, the growing urban and global population are anticipated to boost the market for liquid waste management in the projected period.
- One of the major factors in driving the liquid waste management market growth is the initiatives launched to enhance and improve safe drinking water and sanitation facilities. For instance, according to the United Nations Children's Fund (UNICEF) and WHO, 1 in 3 people do not have access to clean drinking water. 2.2 billion people in the world do not have access to drinking water that is safely managed, and 4.2 billion people do not have properly managed sanitation services. Water scarcity is one of the major reasons for increasing demand for liquid waste management in the forecasted period.
- Stringent regulation and rising awareness about waste management are other factors boosting the market for liquid waste management in the forecasted period. For instance, the United States Environmental Protection Agency (EPA) enacted the Resource Conservation and Recovery Act (RCRA) Laws and Regulations in October 2023. The RCRA’s goal is to protect the environment from hazards of waste disposal, conserve energy sources, reduce and eliminate waste, and conserve natural resources by recycling and reducing. Additionally, the EPA issued ‘Industrial Effluent Guidelines’ for categories of existing sources, and new sources under the title III of the Clean Water Act. Hence, the increasing rules and regulations for waste management are anticipated to fuel the market for liquid waste management.
GLOBAL LIQUID WASTE MANAGEMENT MARKET ANALYSIS:
- By source, the residential segment is expected to hold a significant share in the global liquid waste management market.
The global liquid waste management market is segmented by source into residential, commercial, and industrial. The residential sector is expected to produce more waste than other sectors. In the projected period, the commercial sector is anticipated to expand faster as sectors such as healthcare and chemical manufacturing are expected to have a major share in waste production.
- By end-user, the oil, and gas sector is expected to grow with exponential CAGR in the global liquid waste management market.
The oil and gas sector is expected to grow at an exponential CAGR in the projected period, owing to the substantial amount of liquid waste produced during extraction, refining, and petrochemical operations. The industry needs to develop special waste management techniques to reduce this waste. Moreover, the textile and automotive sectors are expected to grow at a moderate pace in the coming years.
- The North American region is anticipated to hold a significant share in the coming years.
The North American region is anticipated to hold a significant share in the projected period, owing to the increasing disposal regulations and stringent government regulations regarding waste management. Additionally, the country has major waste management plants, and major companies operating in the waste management segment are in the North American region.
Global Liquid Waste Management Market Key Developments:
- In August 2024, the European Union modified its waste and recycling management. The European Environment Agency stated that the country is producing more waste than it is being recycled. The EU is working on creating a circular economy, among other things, by preventing waste and improving waste management.
- In October 2023, SUEZ Recycling and Recovery UK completed the acquisition of Devon Contract Waste (DCW), a renowned recycling and waste management company. This acquisition aimed at enhancing SUEZ’s position in the global market. SUEZ’s ambitious target is to reach 40% turnover from the international market by 2027.
- In January 2022, Veolia announced the completion of sales of the new SUEZ to the Consortium of investors composed of Meridiam, GIP, CDC Group, and CNP Assurances in line with the purchase agreement of October 2021. This transaction includes remedies approved by the European Commission to preserve competition in environmental services following the combination of SUEZ and Veolia.
The global liquid waste management market is segmented and analyzed as follows:
- By Source:
- Industrial
- Commerical
- Residential
- By Service:
- Disposal/Recycling
- Transportation
- Collection
- By End-User:
- Oil and Gas
- Iron and Steel
- Automotive
- Textile
- Others
- By Geography:
- North America
- South America
- Europe
- UK
- Germany
- France
- Italy
- Others
- Middle East and Africa
- Saudi Arabia
- Israel
- Others
- Asia Pacific
- Japan
- China
- India
- South Korea
- Indonesia
- Thailand
- Others