Waste management industry
The waste management industry, or waste industry for short, includes all industrial branches involved in waste management, waste dumping, waste recycling, waste characterisation, and, to a lesser degree, waste prevention. The industry includes a large number of waste management companies, including multinational corporations.
On a global scale, the market size is expected to reach $530.0 billion by 2025 from $330.6 billion in 2017, with a compound annual growth rate of 6.0%. The growth might even continue when, according to a World Bank report, global waste production will grow by 70% from 2018 to 2050, unless severe measures are taken.
For example, within Germany, waste management has evolved into a large economic sector. There are more than 270,000 people working in some 11,000 companies with an annual turnover of around 70 billion euros. More than 15,500 waste management facilities help to conserve resources through recycling and other recovery operations.