GITNUX MARKETDATA REPORT 2024

Smart Waste Management Industry Statistics

The smart waste management industry is expected to grow at a significant rate due to increasing urbanization and sustainability initiatives, with a projected market size of $2.2 billion by 2026.

Statistic 1

"The global smart waste management market size was USD 1.52 billion in 2020."

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Statistic 2

"It is also projected that the smart waste management market will grow at a CAGR of 16.6% from 2021 to 2028."

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Statistic 3

"In 2021, the North America smart waste management market size was valued at USD 670 million."

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Statistic 4

"The smart waste management sectors in the Asia-Pacific region is projected to exhibit a CAGR of over 18% during 2021-2026."

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Statistic 5

"Approximately 30% market share of the global smart waste management was held by 'Waste Collection' in 2020."

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Statistic 6

"More than 60% of the overall smart waste management market revenue in 2020 came from the residential sector."

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Statistic 7

"The Asia Pacific smart waste management market is projected to have the highest CAGR of 23.1% during the forecast period (2021-2028) due to technological advancements."

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Statistic 8

"In 2022, based on technology, the RFID segment of smart waste management is expected to grow at the highest CAGR."

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Statistic 9

"Europe held the second-largest share of 32.0% of the total market in the global smart waste management market in 2020."

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Statistic 10

"The smart waste management industry's services segment is expected to reach a market size of over USD 1 billion by 2027."

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Statistic 11

"In 2020, the global market for landfill management, as a category within smart waste management, was approximately USD 9.09 billion."

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Statistic 12

"The recycling segment of smart waste management is expected to surpass USD 1 billion by 2025."

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Statistic 13

"North America dominated the smart waste management market in 2020, holding over 37% share."

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Statistic 14

"The annual growth rate for the smart waste management industry from 2021 to 2025 is expected to amount to approximately 9.75%."

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Statistic 15

"The global market size of smart waste management for industrial segment is expected to reach USD 670 million by 2025."

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Statistic 16

"The compound annual growth rate (CAGR) of the smart waste management market in Europe is projected to be about 18% between 2020 and 2026."

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Statistic 17

"The smart waste management market for the construction sector is projected to exhibit a CAGR of more than 21% by 2026."

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Statistic 18

"By 2027, the smart waste management market in the Middle East and Africa region is predicted to grow by over USD 300 million."

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Statistic 19

"The use of smart technology for waste management can reduce waste collection costs by up to 50% annually."

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