Global Liquid Waste Management Market Report and Forecast 2024-2032

Global Liquid Waste Management Market Outlook

The global liquid waste management market size reached a value of more than USD 98.78 billion in 2023. The global market is expected to grow at a CAGR of 3.60% during the forecast period of 2024-2032, reaching a value of USD 135.81 billion by 2032.

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Global Liquid Waste Management Market Trends

Liquid waste management is a method to control water body pollution and the discharge of pollutants in the water body. There are strict regulations implemented on waste management and the slightest mismanagement can be subjected to heavy fines.

• Rapid population growth and urbanisation around the world will increase the demand for waste management as the amount of waste generated will rise simultaneously. It is likely that with the rising population, water waste generation will also increase, which will propel the demand for management services.

• Stringent policies implemented by regulatory bodies have forced manufacturing companies to adapt to the norms of wastewater treatment. Government agencies have set a limit on the maximum acceptable contamination level in discharges depending on the industry, which can propel the expansion of the liquid wastewater management market.

• Growing awareness of environmental risks and threats to the flora and fauna because of toxic industrial wastes can aid the market development. In addition, the growing socio-economic awareness of finite natural resources and the implementation of rules encouraging improved management practices, are likely to enhance the growth of the market.

Global Liquid Waste Management Market Analysis

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Based on source, the market can be segmented into residential, commercial, and industrial. Based on the industry, it can be bifurcated into pharmaceutical, textile, paper and pulp, chemical and petrochemicals, and food and beverages, among others. Based on service, the market bifurcations include collection, transport/hauling, and disposal/recycling. The regional markets for the liquid waste management market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. 

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.

• Veolia Environmental Services

• Covanta Holding Corporation

• Clean Harbors, Inc.

• GFL Environmental Inc.

• Cleanaway

• Hulsey Environmental Services

• Enva

• AB Environmental

• Others

Sources of Liquid Waste

The liquid waste management market, based on source, can be segmented into residential, commercial, and industrial. Among these sources, the residential sector is expected to hold the largest market share owing to the rapidly growing population and urbanisation, leading to higher waste generation. With the growing urbanisation and developing infrastructure, water consumption is likely to surge in the coming years and further propel the market growth.

Industries in the Liquid Waste Management Market

Based on the industries, the market divisions include pharmaceutical, textile, paper and pulp, chemical and petrochemicals, food and beverages, among others.

The paper and pulp market is expected to hold a significant share of the market, owing to the increasing demand for paper, which has led to increased waste generation. The chemical and pharmaceutical industry is a close second to the paper and pulp industry due to the increasing production of high-performance chemicals and the rapidly expanding industry.

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Competitive Landscape

Veolia Environmental Services is one of the leading companies propelling ecological transformation around the world. The company is headquartered in Aubervilliers, Île-de-France, and was founded in 1853. The company has since been providing game-changing solutions for water, waste, and energy management. The company formerly known as Onyx Environnement, has expanded their services to reach around 35 countries.

Covanta Holding Corporation, founded in 1983, has been operating in the field of energy and waste management. The company earns most of its profits from their trash-burning power plants that utilise energy as fuel. It is a leading company in the field of sustainable material management and is engaged in providing environmental solutions to businesses and communities across North America.

Clean Harbors, Inc. is an American company, leading in the field of environmental, industrial, and energy services. The company serves a diverse range of customers, including multiple Fortune 500 companies. The company was founded in 1980 and has since been operating in the management industry to provide various services, including the collection, packaging, transportation, recycling, treatment and disposal of hazardous and non-hazardous waste.

Other market players include GFL Environmental Inc., Cleanaway, Hulsey Environmental Services, Enva, and AB Environmental, among others.

Key Highlights of the Report