The global waste management market is projected to grow at a compound annual growth rate (CAGR) of 6.6% from 2022 to 2031, according to a report by Mordor Intelligence. This trend is driven by improved waste collection methods and increasing volumes of waste in emerging markets, despite rising operating costs. The industry’s growth is supported by advancements in technology and significant regulatory changes promoting sustainable practices.
Key players in the waste removal services sector include Clean Harbors, Inc. (CLH), Veolia Environnement SA (VEOEY), and Zurn Elkay Water Solutions Corporation (ZWS). Recently, CLH reported a revenue increase in its Environmental Services segment, projecting a growth rate of 25-35% for 2026, while VEOEY achieved 2.1% year-over-year revenue growth, aided by geographic diversification. ZWS saw an 11% increase in organic core sales in the first quarter of 2026.
The Waste-to-Energy market is estimated to reach $51.7 billion by 2034, with a CAGR of 3.6%, driven by heightened waste generation and a shift toward renewable energy sources. Despite the industry’s promising outlook, it has faced challenges, declining 13.8% over the past year, contrasting with a 32.4% growth in the S&P 500 index.
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