Liquid Waste Management Market to Reach $114.87 Billion by 2030: Grand View Research, Inc.

SAN FRANCISCO, June 21, 2023 /PRNewswire/ -- The global liquid waste management market size is anticipated to reach USD 114.87 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 2.3% over the forecast period. The growing utilization of water per household globally is expected to drive liquid waste generation in the residential and commercial sectors. Factors, such as stringent regulations coupled with ongoing investments in various industries, such as oil & gas, petrochemical, and chemical, are expected to drive the demand for wastewater secondary treatment equipment, which is expected to further drive the demand for liquid waste management. For instance, The Bipartisan Infrastructure Legislation (BIL) offers support to local economies and makes the most of federal infrastructure initiatives already in place to meet the demand for wastewater infrastructure in disadvantaged areas of the country.

Key Industry Insights & Findings from the report:

• The automotive segment is expected to grow at the fastest CAGR during the forecast period. According to the U.S. EPA, the automotive sector is responsible for generating about 75 billion ounces of paint sludge per year, which is mostly dumped into landfills. OEMs and automotive aftermarkets in the U.S. generate large amounts of liquid wastewater and other similar waste, including engine & motor oils, transmission & brake fluids, antifreeze & coolant, solvents, and others, thereby driving the market demand.
• Rising social awareness related to the limited availability of natural resources, increasing sustainability, and conservation measures coupled with regulations aiding enhanced waste management techniques are expected to nurture new technologies in the industry. Iron & steel makers are also being compelled to comply with reuse & recycle ideologies, which, in turn, are expected to boost enhanced wastewater and liquid waste recovery practices.
• The residential segment accounted for a dominant share of the global revenue in 2022. The increasing utilization of water per household is expected to drive liquid waste generation in the residential sector. Water is used for different applications in the residential sector; therefore, with rapid population growth in the country, the demand for water in several applications is increasing, resulting in a significant rise in the amount of per capita wastewater generated.
• The U.S. is anticipated to grow at a progressive CAGR over the forecast period. According to the American Society of Civil Engineers (ASCE) 2017 Infrastructure Report, it is estimated that around 56 billion people will be connected to centralized treatment plants by 2032. These aforementioned factors will propel the market expansion over the forecast period.
• In March 2022, Covanta Holding Corp. increased its ownership in Covanta Green Jersey Assets Ltd., Covanta Green Protos Holding Ltd., & Covanta Green UK Ltd., which own 4 WTE facilities in the UK, following EQT Infrastructure's acquisition of Green Investment Group's 50% stake in those entities. EQT Infrastructure will cover the purchase price and any additional equity required to complete the construction.

Read 150 page market research report, "Liquid Waste Management Market Size, Share & Trends Analysis Report By Source (Residential, Commercial), By Industry (Textile, Paper), By Service (Transportation, Collection), By Region, And Segment Forecasts, 2023 - 2030", published by Grand View Research.

Liquid Waste Management Market Growth & Trends

For instance, the BIL offers USD 11.7 billion through the Clean Water State Revolving Fund (CWSRF), with 49% of funds accessible as grants as of March 2022. These aforementioned initiatives will further drive the market expansion in the coming years. The discharge of untreated wastewater and other liquid waste from homes, municipal facilities, and industries into water bodies causes water pollution, thereby, threatening the environment as well as human and animal life. The collection and treatment of sewage and wastewater are very critical for public health as well as clean water. Thus, the U.S. government has introduced stringent regulations and standards for wastewater treatment for both municipal and industrial sectors, which is expected to drive the market over the forecast period.

For instance, The Clean Water Act is a vital federal government act that establishes a regulatory structure for pollutant discharges into water bodies and regulates the quality standards for surface waters. In addition, the U.S. Environmental Protection Agency has implemented pollution control programs under the Clean Water Act. Industrial & residential waste or sewage is often associated with health concerns since improper disposal of waste leads to pollution, environmental toxicity & degradation, and soil contamination among other nuisances. Strong odor, unsightliness, and other hazards associated with waste, such as breeding grounds for insects and pests, have also made it crucial to develop appropriate processing and treatment facilities for waste.

Key companies are strategizing to increase revenue generation, with a focus on R&D, mergers & acquisitions, and geographic expansion. For instance, in March 2023, Stericycle, Inc. and UPS Healthcare collaborated to look after the reverse logistics of medical waste. As a result of the collaboration, a variety of medical waste categories, including sharps, pharmaceutical wastes, and biohazardous are transported, treated, & disposed of. Furthermore, in February 2022, Republic Services, Inc. and U.S. Ecology, Inc. entered into an agreement through which Republic Services acquired outstanding shares in cash of U.S. Ecology for USD 48 per share.

Liquid Waste Management Market Segmentation 

Grand View Research has segmented the global liquid waste management market based on source, industry, service, and region:

Liquid Waste Management Market - Source Outlook (Revenue, USD Billion, 2018 - 2030)

• Residential
• Commercial
• Toxic & Hazardous
• Organic & Non-hazardous
• Industrial
• Toxic & Hazardous
• Organic & Non-hazardous

Liquid Waste Management Market - Industry Outlook (Revenue, USD Billion, 2018 - 2030)

• Textile
• Toxic & Hazardous
• Organic & Non-hazardous
• Paper
• Toxic & Hazardous
• Organic & Non-hazardous
• Iron & Steel
• Toxic & Hazardous
• Organic & Non-hazardous
• Automotive
• Toxic & Hazardous
• Organic & Non-hazardous
• Pharmaceutical
• Toxic & Hazardous
• Organic & Non-hazardous
• Oil & Gas
• Toxic & Hazardous
• Organic & Non-hazardous
• Others
• Toxic & Hazardous
• Organic & Non-hazardous

Liquid Waste Management Market - Service Outlook (Revenue, USD Billion, 2018 - 2030)

• Transportation
• Collection
• Treatment, Disposal/Recycling

Liquid Waste Management Market - Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America
• U.S.
• Canada
• Mexico
• Europe
• UK
• Germany
• France
• Italy
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Central & South America
• Brazil
• Argentina
• Middle East & Africa
• Saudi Arabia
• UAE

List of Key Players in the Liquid Waste Management Market

• Veolia
• Waste Management Solutions
• Clean Harbors Inc
• Clean Water Environmental
• Liquid Environmental Solutions (LES)
• DC Water
• Covanta Holding Corporation
• Stericycle, Inc.
• U.S. Ecology, Inc.
• Republic Services, Inc.
• Hazardous Waste Experts

Check out more market research studies published by Grand View Research:

• E-waste Management Market - The global e-waste management market generated is expected to reach 63.705 million metric Tons by 2025, according to a study conducted by Grand View Research, Inc. The rising disposable income in developing countries coupled with consumer's inclination toward technologically advanced gadgets have resulted in the significant sales of electronic devices across the globe, thereby driving the e-waste management market.
• Nonwoven Industrial Membrane Market - The global nonwoven industrial membrane market size is expected to reach USD 1.6 billion by 2027, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.8% from 2020 to 2027. Growing demand from the food and beverage industry owing to the increasing use of membrane filtration technology for bottled water applications is expected to drive the market.
• Textile Recycling Market - The global textile recycling market size is expected to reach USD 5,962.7 million by 2030, expanding at a CAGR of 3.2% from 2023 to 2030, according to a new report by Grand View Research, Inc. Factors such as the growing demand for recycled products coupled with rising environmental awareness regarding textile disposal are expected to boost the demand for textile recycling during the forecast period.

Browse through Grand View Research's  Advanced Interior Materials Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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