Report : Europe Waste Management Market Size and Forecasts (2020 - 2030), Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Waste Type (E-Waste, Plastic, Biogenic Waste, and Others), Waste Management (Incineration and Energy Recovery, Landfill, and Recycling), End User (Residential, Commercial, and Industrial), and Country
Transition to Circular Economy is Boosting Europe Waste Management Market Growth
According to our latest market study on "Europe Waste Management Market Forecast to 2030 - Regonal Analysis - by Waste Type, Waste Management, and End User," the market is expected to grow from US$ 188.28 billion in 2022 to US$ 252.40 billion by 2030; it is anticipated to register a CAGR of 3.7% from 2022 to 2030.
The increasing emphasis on transitioning to a circular economy model is a response to the imperative of creating a sustainable, resource-efficient, and environmentally conscious approach to waste management. European nations are at the forefront of this transition, actively focusing on resource efficiency, waste reduction, and recycling initiatives. This evolution reflects a commitment to environmental stewardship as well as creates favorable conditions for innovation, fostering opportunities for companies aligned with circular economy principles. The circular economy model is also focused on the idea of closing the loopholes in the product life cycle, ensuring that materials are recycled, reused, or repurposed, thereby avoiding unnecessary waste disposal. Companies such as Patagonia, IKEA, Unilever, and Tesco are aligning their strategies with circular economy principles, focusing on resource efficiency, waste reduction, and recycling. A circular economy refers to keeping products and materials as long as possible by implementing various waste management solutions. As countries across Europe actively promote circular economy principles, waste management becomes pivotal in driving sustainable practices and economic growth. Thus, the transition to a circular economy fuels the Europe waste management market growth.
Rapid advancements in technology propel the Europe waste management market size. Innovations such as smart waste solutions, advanced recycling technologies, and waste-to-energy systems are driving this market forward. Companies that invest in cutting-edge technologies and deploy them enhance operational efficiency as well as align with sustainability objectives. For example, in February 2022, Orbisk, a Dutch startup, introduced an innovative program within the food service industry. This program utilizes advanced technologies such as artificial intelligence (AI) to offer detailed insights into food waste. A smart camera, integrated with a scale and positioned atop waste bins, automatically registers discarded food items down to the ingredient level. This pioneering approach exemplifies the transformative potential of technology in waste management, allowing businesses to make well-informed decisions, reduce waste, and contribute to a more sustainable future.
Europe Waste Management Market Share - by Country, 2022
Source: Business Market Insights Analysis
The scope of the Europe waste management market report focuses on Germany, France, Italy, Spain, Russia, the UK, and the Rest of Europe. The circular economy has emerged as a thriving and financially rewarding model of production and consumption in Germany, with approximately 11,000 companies and over 280,000 employees generating an annual turnover of ~US$ 98.25 billion in 2020. This robust economic landscape is supported by a sophisticated management infrastructure comprising 14,500 facilities, achieving impressive recycling rates across various waste streams. Notably, municipal waste witnesses a recycling rate of 67%, production and commercial waste recycling rate of ~70%, and construction and demolition waste recycling rate of 90%. In 2020, Germany's commitment to sustainable waste management was evident as 12.28 million metric tons of biodegradable waste were efficiently treated in composting plants (6.67 million metric tons) and anaerobic digestion plants and biogas installations (6.24 million metric tons). Moreover, a substantial 4.77 million metric tons of biowaste and 5.61 million metric tons of garden and park waste were separately collected. The Federal Statistical Office estimated that private households took an active role in composting, contributing approximately 2.34 million metric tons of biowaste in 2020.
Germany's dedication to recycling includes packaging waste, with 97% of it being consigned to recovery in 2020. The average German citizen already contributes significantly to this effort by separately collecting approximately 30 kg of waste for recovery in dedicated bags and bins for packaging. To further advance the circular economy and reduce packaging waste, the Packaging Act underwent revisions in 2021. These revisions include a ban on the sale of lightweight plastic carrier bags from January 1, 2022, and a requirement for restaurants, bistros, and caf