Report Overview

Asia Pacific Industrial Waste Management Market - Industry Trends & Forecast Report, 2029

Asia Pacific industrial waste management market size was estimated to be worth USD 183.06 billion in 2022. During the forecast period between 2023 and 2029, the Asia-Pacific industrial waste management market size is projected to grow at a CAGR of 6.6%, reaching a value of USD 268.65 billion by 2029. Major growth factors for the Asia-Pacific industrial waste management market include increasing industrialization in emerging economies, such as India and China, along with stringent government regulations to reduce the impact of industrial waste on the environment.

Asia-Pacific Industrial Waste Management Market – Overview

Industrial waste refers to waste products created by industries or industrial operations. Chemicals, rubbish, oils, solvents, dirt and gravel, and other materials are some of the most common examples of industrial waste. Thus, industrial waste management entails the safe removal, recycling, and disposal of such waste. Waste can be disposed of, destroyed, processed, recycled, reused, or controlled. The primary goal of waste management is to limit the amount of waste and to avoid any health and environmental problems.

Asia-Pacific Industrial Waste Management Market

Growth Drivers

Favorable Government Policies and Initiatives

With the region's expanding industrialization, the volume of industrial waste is likewise increasing at alarming rates. As a result, the governments of these nations are enacting severe legislation to improve industrial waste management in order to decrease the impact on their people and the environment. The Environmental Public Health (hazardous Industrial Waste) Regulations 1988 governs the management, transportation, treatment, and disposal of hazardous industrial waste in Singapore. The amended Waste Disposal and Cleaning Law of Japan requires company owners to record the location and other waste data when such items are stored outside of the business sites that generate them. The amendment also holds the original building contractors accountable for proper waste disposal.

Restraints

Environment Impact of Landfills and Cost of Recycling

Landfills may assist in reducing waste in the environment, but they are extremely damaging to the ecology and habitat around the area utilized in the landfill process. They pollute soil and ground and surface water, resulting in habitat loss and degradation. Solid waste contributes directly to greenhouse gas emissions by producing methane from anaerobic waste degradation in landfills and emitting nitrous oxide from solid waste combustion plants. This may act as a major restraining factor for the Asia-Pacific industrial waste management market.

Impact of COVID-19 on the Asia-Pacific Industrial Waste Management Market

The COVID-19 pandemic disrupted Asia-Pacific industrial waste management market in certain sectors, such as construction and manufacturing, but gained traction in others, including the medical sector. Industrial operations were temporarily halted during the pandemic to prevent the virus from spreading. This led to a significant reduction in the amount of waste generated by industries, leading to a decline in the demand for industrial waste management services. However, the need for proper waste management has increased in the medical sector owing to the significant rise in medical waste, which includes PPE kits and face masks.

Asia-Pacific Industrial Waste Management Market

Segmental Coverage

Asia-Pacific Industrial Waste Management Market – By Waste Type

Based on waste type, the Asia-Pacific industrial waste management market is segmented into construction & demolition waste, manufacturing waste, agricultural waste, chemical waste, mining waste, oil & gas waste, nuclear waste, and others. The construction & demolition waste segment holds the largest share of the Asia-Pacific industrial waste management market by waste type. The Asia-Pacific region is predominantly a developing region that engages in substantial construction activities for economic development. This adds to the region's need for industrial waste management, propelling market growth.

Asia-Pacific Industrial Waste Management Market – By Service

Based on service, the Asia-Pacific industrial waste management market is segmented into recycling, incineration, and landfill. The landfill segment accounts for the highest share in the market. Such a process minimizes disease transmission and keeps communities clean by reducing the amount of waste that ends up in the environment. However, recycling is projected to register the highest growth rate during the forecast period owing to its economical nature. Recycling also minimizes the requirement for raw material extraction (mining, quarrying, and logging), refining, and processing, all of which cause significant air and water pollution.

Asia-Pacific Industrial Waste Management Market – By Country

The Asia-Pacific industrial waste management market covers a number of country-specific markets, including China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Vietnam, and the rest of APAC. China dominates the Asia-Pacific industrial waste management market. The presence of a strong manufacturing sector in China is directly influencing the rising volume of industrial waste in the country. According to International Trade Administration data, China discharged 55.7 billion cubic meters of wastewater in 2021, with industrial sources accounting for 28.7% of the total. As a result, the regulating bodies in China are increasingly investing in industrial waste management, propelling the overall market growth.

Competitive Landscape

Major players operating in the Asia-Pacific industrial waste management market include Eco-Wise Waste Management Pvt Ltd, China Everbright International Limited, Shanghai Chengtou Holding Co. Ltd, Hitachi Zosen Corporation, WasteServ Malta Ltd, Daiseki Co., Ltd, SembCorp, and Vietstar Environmental (Vietstar). To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

• In June 2023 - China Everbright Water, a water supply company based in mainland China and specializing in wastewater treatment, won a contract for the design, procurement, construction, and operation (EPCO) of the Huai’an Lianshui Konggang Industrial Park’s wastewater treatment plant in China’s Jiangsu province.

Scope of the Report

By Waste Type

• Construction & Demolition Waste

• Manufacturing Waste

• Agricultural Waste

• Chemical Waste

• Mining Waste

• Oil & Gas Waste

• Nuclear Waste

• Others

By Service

• Recycling

• Incineration

• Landfill

By Country

• China

• India

• Japan

• South Korea

• Australia & New Zealand

• Indonesia

• Malaysia

• Singapore

• Vietnam

• Rest of APAC

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Asia-Pacific Industrial Waste Management Market Insights
   1. Industry Value Chain Analysis
      1. DROC Analysis
      2. Growth Drivers
         1. Growing industrialization
         2. Environmental regulations
      3. Restraints
         1. High initial costs
         2. Regulatory compliance
      4. Opportunities
         1. Market expansion
      5. Challenges
         1. Waste diversity
         2. Technological integration
   2. Technological Advancements/Recent Developments
   3. Regulatory Framework
   4. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Asia-Pacific Industrial Waste Management Market Overview
   1. Market Product & Forecast, 2019–2029
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Waste Type
         1. Construction & Demolition Waste
         2. Manufacturing Waste
         3. Agricultural Waste
         4. Chemical Waste
         5. Mining Waste
         6. Oil & Gas Waste
         7. Nuclear Waste
         8. Others
      2. By Service
         1. Recycling
         2. Incineration
         3. Landfill
      3. By Country
         1. China
         2. India
         3. Japan
         4. South Korea
         5. Australia & New Zealand
         6. Indonesia
         7. Malaysia
         8. Singapore
         9. Vietnam
         10. Rest of APAC
5. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. Asia-Pacific Industrial Waste Management Company Market Share Analysis, 2022
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
6. Impact of Covid-19 on Asia-Pacific Industrial Waste Management Market
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
   1. Eco-Wise Waste Management Pvt Ltd
   2. China Everbright International Limited
   3. Shanghai Chengtou Holding Co. Ltd
   4. Hitachi Zosen Corporation
   5. WasteServ Malta Ltd
   6. Daiseki Co., Ltd
   7. SembCorp
   8. Vietstar Environmental (Vietstar)
   9. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
   1.  Qualitative Research
      1.  Primary & Secondary Research
   2.  Quantitative Research
   3.  Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
   4.  Breakdown of Primary Research Respondents, By Country
   5.  Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

List of Figures

Figure 1       Asia-Pacific Industrial Waste Management Segmentation

Figure 2       Asia-Pacific Industrial Waste Management Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2022

Figure 4       Asia-Pacific Industrial Waste Management Market Size, By Value (USD Billion), 2019–2029

Figure 5       Asia-Pacific Industrial Waste Management Market Share, By Waste Type, By Value, 2019–2029

Figure 6       Asia-Pacific Industrial Waste Management Market Share, By Service, By Value, 2019–2029

Figure 7       Asia-Pacific Industrial Waste Management Market Share, By Country, By Value, 2019–2029

List of Tables

Table 1        Asia-Pacific Industrial Waste Management Market Size, By Value (USD Billion), 2019–2029

Table 2        Asia-Pacific Industrial Waste Management Market Size, By Waste Type, By Value, 2019–2029

Table 3        Asia-Pacific Industrial Waste Management Market Size, By Service, By Value, 2019–2029

Table 4        Asia-Pacific Industrial Waste Management Market Size, By Country, By Value, 2019–2029

Table 5        Eco-Wise Waste Management Pvt Ltd Company Overview

Table 6        Eco-Wise Waste Management Pvt Ltd Financial Overview

Table 7        China Everbright International Limited Company Overview

Table 8        China Everbright International Limited Financial Overview

Table 9        Shanghai Chengtou Holding Co. Ltd Company Overview

Table 10      Shanghai Chengtou Holding Co. Ltd Financial Overview

Table 11      Hitachi Zosen Corporation Company Overview

Table 12      Hitachi Zosen Corporation Financial Overview

Table 13      WasteServ Malta Ltd Company Overview

Table 14      WasteServ Malta Ltd Financial Overview

Table 15      Daiseki Co., Ltd Company Overview

Table 16      Daiseki Co., Ltd Financial Overview

Table 17      SembCorp Company Overview

Table 18      SembCorp Financial Overview

Table 19      Vietstar Environmental (Vietstar) Company Overview

Table 20      Vietstar Environmental (Vietstar) Financial Overview