Europe Waste Management Market Size, Share & Trends Analysis Report By Service Type (Collection, Transportation, Disposal), By Waste Type,- Industry Analysis, Size, Share, Growth, Trends, and Forecast 2024-2033

Europe Waste Management Market Size and Growth

The Europe waste management market size was exhibited at USD 394.45 billion in 2023 and is projected to hit around USD 693.18 billion by 2033, growing at a CAGR of 5.8% during the forecast period 2024 to 2033.

Europe Waste Management Market Key Takeaways:

• The collection segment dominated the Europe waste management market in 2023 with around 61.7% revenue share.
• The disposal segment, while being the second largest, is expected to exhibit the fastest growth with a CAGR of 6.2% from 2024 to 2033.
• The industrial waste segment dominated the Europe market with around 86.0% revenue share in 2023.
• Despite having a mere 1.6% market share in 2023, the E-waste segment is expected to be the fastest-growing segment from 2024 to 2033, with a CAGR of 8%.

Report Scope of Europe Waste Management Market

Europe accounted for 29.1% of the global waste management market. The growth of the Europe waste management market is driven by several factors. The rising population and increased globalization have increased waste generation. Europe, being a highly industrialized region, witnesses substantial waste production across various sectors. The rising population, urbanization, and economic activities contribute to this trend. As waste volumes escalate, the demand for efficient waste management solutions intensifies. As the region continues to prioritize waste reduction and resource recovery, the market is poised for steady growth in the coming years.

The Europe waste management market is expected to grow steadily over the forecast period, mainly driven by a combination of environmental consciousness, regulatory initiatives, and the need for sustainable waste handling. The European Union (EU) actively promotes a circular economy, emphasizing resource efficiency, recycling, and waste reduction.

By setting targets for composting, recycling, and recycled content in plastic bottles, the EU aims to minimize waste generation and enhance recycling practices. The EU’s circular economy plan encourages better product design to facilitate reuse and recycling. By mandating recycled content in plastic bottles and restricting single-use plastics, the EU fosters sustainable practices.

Europe Waste Management Market By Service Type Insights

The collection segment dominated the Europe waste management market in 2023 with around 61.7% revenue share. This strong performance is primarily driven by the high demand for efficient and reliable waste collection services from various waste generators, including households, industries, and municipalities.

The disposal segment, while being the second largest, is expected to exhibit the fastest growth with a CAGR of 6.2% from 2024 to 2033. This growth can be attributed to the increasing need for safe and sanitary waste disposal, particularly for hazardous and infectious waste. Advances in waste disposal technologies, such as waste-to-energy, also contribute to the segment’s growth.

The transportation segment is projected to grow steadily during the forecast period. As the waste management market expands, there will be a greater demand for efficient and sustainable transportation services connecting collection points to disposal and recycling stations.

Europe Waste Management Market By Waste Type Insights

The industrial waste segment dominated the Europe market with around 86.0% revenue share in 2023. This dominance is attributed to the high volume and variety of industrial waste generated by sectors such as manufacturing, construction, mining, and agriculture.

Despite having a mere 1.6% market share in 2023, the E-waste segment is expected to be the fastest-growing segment from 2024 to 2033, with a CAGR of 8%. The rapid increase in consumption and disposal of electronic appliances, including mobile phones, computers, TVs, and other devices, drives the growth of this segment.

The municipal waste segment was the second-largest in 2023. It is expected to grow with a CAGR of more than 6% during the forecast period. Factors contributing to its growth include rising population, urbanization, and consumerism in Europe.

The medical waste segment was the smallest in 2023. However, it is also projected to grow steadily due to increasing healthcare activities and stricter regulations regarding safe disposal.

Country Insights

Europe market include France, Italy, and Spain, which together account for almost 40% of the market share. These countries have also adopted various measures to enhance waste management performance, such as implementing extended producer responsibility schemes, promoting waste prevention and separation, and supporting waste-to-energy projects.

The rest of Europe, which comprises smaller and emerging markets, is also expected to witness steady growth as they strive to comply with EU waste legislation and targets and benefit from EU funds and initiatives for waste management.

Germany Waste Management Market Trends

Germany is the dominant player in the waste management market, accounting for almost 24% market share in 2023. The country has a well-established management system that prioritizes waste prevention, reuse, and recycling over disposal. Germany also has the highest municipal waste recycling rate (69.1%) in the world. Moreover, Germany is also expected to be the fastest-growing in the Europe market with a CAGR of 6.1% from 2024 to 2033.

UK Waste Management Market Trends

The UK is the second largest market in Europe. The UK has made significant improvements in waste management practices over the recent years, especially in terms of reducing landfilling and increasing recycling. It is also projected to be the second fastest market, as it aims to achieve a circular economy and net-zero emissions by 2050.

Europe Waste Management Market Recent Developments

• In December 2023, FCC Servicios Medio Ambiente reached an agreement to acquire the business of Urbaser’s affiliate in the UK. This will enable FCC to extend its product and service offering and improve the value proposal for its customers.
  
  
• In April 2022, Remondis acquired numerous Veolia and Suez sites, assets and customers across Australia. This will help REMONDIS return to the South Australian market and broadly boost its resources.
  
  
• In January 2023, Covanta acquired Globalcycle and Global Remediation Services. With these acquisitions, Covanta aims to enhance its ability to provide more last-mile sustainability solutions to eliminate unwanted byproducts and convert them into value-based materials.

Some of the prominent players in the Europe waste management market include:

• FCC Environmental Services
• SUEZ
• Veolia
• Renewi
• Biffa PLC
• Saica Group
• Coventa Holding Corporation
• Indver
• Viridor
• REMONDIS SE & Co. KG
• Fortum

Segments Covered in the Report

This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Nova one advisor, Inc. has segmented the Europe waste management market

Service Type

• Collection
• Transportation
• Disposal

Waste Type

• Municipal Waste
• Medical Waste
• Industrial Waste
• E-waste

Regional

• Europe

• • U.K.
  • Germany
  • France
  • Italy
  • Spain