Liquid Waste Management Market Size Worth $131.64 Billion By 2032 | CAGR: 3.60%

The global liquid waste management market size is expected to reach USD 131.64 billion by 2032, according to a new study by Polaris Market Research. The report “Liquid Waste Management Market Share, Size, Trends, Industry Analysis Report, By Source (Residential, Commercial), By Industry, By Service, By Region, And Segment Forecasts, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Stringent regulations and ongoing investments in industries like oil & gas, petrochemical, and chemical are anticipated to fuel the demand for secondary wastewater treatment equipment, thereby driving the need for liquid waste management services. An example of government support in this context is The Bipartisan Infrastructure Legislation (BIL), which aims to help local economies and leverage existing federal infrastructure initiatives to address the wastewater infrastructure requirements in disadvantaged areas of the country.

The release of untreated wastewater and liquid waste from residential, municipal, and industrial sources into water bodies poses a significant threat to the environment, human health, and wildlife. These regulations aim to ensure proper collection and treatment of sewage and wastewater, emphasizing the importance of clean water and public health. As a result, the market for wastewater treatment is anticipated to experience growth during the forecast period, driven by the need to comply with these stringent regulations and safeguard the environment.

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Clean Water Act plays a crucial role in establishing regulations for discharging pollutants into water bodies and setting standards for surface water quality. The U.S. Environmental Protection Agency (EPA) implements pollution control programs in compliance with the Clean Water Act. The improper disposal of industrial and residential waste or sewage poses health risks and contributes to pollution, environmental toxicity, soil contamination, and other detrimental effects. The presence of waste can also result in unpleasant odors, unsightly conditions, and the creation of breeding grounds for insects and pests.

Prominent companies in the industry are adopting strategic approaches to boost their revenue generation, primarily through initiatives such as research and development (R&D), mergers and acquisitions (M&A), and geographic expansion. A notable example of such strategic activities occurred in March 2023 when Stericycle and UPS Healthcare joined forces to address the reverse logistics of medical waste. This collaboration enables the safe and efficient transportation, treatment, and disposal of various categories of medical waste, including sharps, pharmaceutical waste, and biohazardous materials.

Liquid Waste Management Market Report Highlights

• Automotive segment expected to grow at the fastest rate, because of huge liquid waste generated by the industry, requires proper disposal
• Residential segment dominated the market, owing to rise in population and liquid waste from each household
• The global key market players include Veolia, Waste Management Solutions, Clean Harbors, Clean Water Environmental, Liquid Environmental Solutions, DC Water, Covanta Holding, Stericycle, U.S. Ecology, Republic Services, and Hazardous Waste Experts

Polaris Market Research has segmented the liquid waste management market report based on source, industry, service, and region:

Liquid Waste Management, Source Outlook (Revenue - USD Billion, 2019 - 2032)

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

Liquid Waste Management, Industry Outlook (Revenue - USD Billion, 2019 - 2032)

• Textile
• Paper
• Iron & Steel
• Automotive
• Pharmaceutical
• Oil & Gas
• Others

Liquid Waste Management, Service Outlook (Revenue - USD Billion, 2019 - 2032)

• Transportation
• Collection
• Treatment, Disposal/ Recycling

Liquid Waste Management, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Liquid Waste Management Market Report Scope