The waste management industry is witnessing significant growth due to increased government regulations, adoption of newer technologies, and rising environmental awareness. As per Statista, the global waste management sector was valued at $1.6 trillion in 2020 and is projected to reach $2.5 trillion by 2030. This growth is fueled by enhanced waste collection and rising volumes in emerging markets.

Here are four stocks from the waste removal sector that are likely to benefit from these favorable industry conditions:

1. Waste Management, Inc. (WM)

Waste Management is a leading waste management company in the USA, providing comprehensive environmental services such as waste collection, recycling, disposal, and sustainable solutions. The company’s commitment to operational strategies, effective pricing, and cost control contributes to its growth. Waste Management also prioritizes shareholder value through consistent dividend payments and share buybacks.

Key Financials:

• Expected revenue growth of 3.7% in 2023.
• Expected EPS growth of 6.6% in 2023.
• Zacks Rank #3 (Hold).
• Gained 1.9% in the past year.

2. Republic Services, Inc. (RSG)

Republic Services is an environmental services company operating across the United States. The company experiences revenue growth through favorable acquisitions and internal expansion. Republic Services prioritizes operational efficiency by transitioning to environmentally friendly collection vehicles and upgrading trucks. The company’s commitment to rewarding shareholders through dividends and share repurchases positively impacts earnings per share.

Key Financials:

• Expected revenue growth of 9.8% in 2023.
• Expected EPS growth of 9.7% in 2023.
• Zacks Rank #2 (Buy).
• Gained 10.1% in the past year.

3. Clean Harbors, Inc. (CLH)

Clean Harbors is a global provider of environmental and industrial solutions. The company focuses on efficiency enhancement and cost reduction through advanced technology and streamlined processes. Clean Harbors’ ongoing capital investments ensure compliance with government mandates, while strategic acquisitions broaden their service offerings. The company’s share buybacks contribute positively to earnings per share.

Key Financials:

• Expected revenue growth of 5.4% in 2023.
• Stable EPS growth.
• Zacks Rank #2 (Buy).
• Gained 23.3% in the past year.

4. Waste Connections, Inc. (WCN)

Waste Connections is a leading waste management company in North America, offering collection, disposal, and recycling services. The company focuses on sustainable and responsible waste solutions, serving a wide range of clients. Waste Connections’ strategy of targeting secondary and rural markets enhances local market share. Acquisitions play a crucial role in driving growth, and the company is committed to rewarding shareholders.

Key Financials:

• Expected revenue growth of 11.2% in 2023.
• Expected EPS growth of 9.2% in 2023.
• Zacks Rank #3 (Hold).
• Declined 2.9% in the past year.

Investing in these waste removal stocks provides opportunities to capitalize on the industry’s growth potential and contribute to a cleaner and more sustainable future.

Disclaimer: The views and opinions expressed in this article are solely those of the author and do not necessarily reflect the official position of Nasdaq, Inc.