Australia Waste Management Market

Australia Waste Management Market Overview:

The Australia waste management market size reached USD 3.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 5.2 Billion by 2032, exhibiting a growth rate (CAGR) of 5.40% during 2024-2032. There are several factors that are driving the market, which include population growth, stringent environmental regulations and policies by governing authorities, environmental impact and climate change, and rising adoption of sustainability practices.

Australia Waste Management Market Trends:

Population Growth

Australia’s population was 26,966,789 as on 31 December 2023, as stated by Australian Bureau of Statistics. As Australia's population is growing, the volume of waste generated is also increasing continuously. More people cause higher amounts of residential, commercial, and industrial waste. Managing this rising volume of waste requires expanded and more efficient waste management systems. In addition, the growing demand for collection, sorting, recycling, and disposal services in Australia is offering a favorable market outlook. Population growth often leads to urban expansion, which can result in higher concentrations of waste in urban areas. Managing waste effectively in densely populated cities requires advanced waste management solutions and infrastructure. Furthermore, rapid population growth can put a strain on existing waste management infrastructure such as landfills and recycling facilities. This strain is catalyzing the demand for investments in new facilities, upgrades to existing ones, and innovative waste management practices.    

Environmental Impact and Climate Change

Governing agencies in Australia are implementing stringent regulations and policies to reduce greenhouse gas (GHG) emissions and address environmental concerns. They are undertaking initiatives like the National Waste Policy that emphasizes waste reduction, recycling, and reducing landfill use. They are also implementing waste-to-energy technologies and promoting circular economy principles. Compliance with these regulations is catalyzing the demand for advanced waste management solutions. Besides this, there is an increase in the focus on decreasing landfills, which are a significant source of methane, a potent greenhouse gas. Furthermore, many businesses are investing in waste reduction and recycling initiatives to align with climate goals and enhance their environmental credentials. For instance, on 25 July 2024, Australia's pioneering energy recovery facility in Kwinana, Western Australia, received its first waste delivery to the site. Once fully operational, Kwinana will be able to convert 460,000 tons of residential waste every year, which would have otherwise been disposed of in landfills. 

Australia Waste Management Market News:

• 15 April 2024: Cleanaway and Viva Energy entered into an agreement to undertake a pre-feasibility assessment of a circular solution for soft plastics and other hard-to-recycle plastics currently sent to landfills and transform them back into feedstock for food-grade plastic resin. The partners want to provide a sustainable soft-plastic solution for food manufacturers and packaging specialists seeking to cater to the growing eco-conscious market, as well as households and businesses who want a landfill-diversion option.
• 15 May 2024: Turmec announced a project in Brisbane, Australia, in collaboration with Rino Recycling. They designed and installed an innovative recycling facility worth €95 million at Pinkenba. Australia's newest facility features a state-of-the-art plant capable of sorting and processing various types of both wet and dry waste under one roof.

Australia Waste Management Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on waste type, service, and source.

Waste Type Insights:

• Municipal Solid Waste
• E-Waste
• Hazardous Waste
• Medical Waste
• Construction and Demolition Waste
• Industrial Waste
   

The report has provided a detailed breakup and analysis of the market based on the waste type. This includes municipal solid waste, e-waste, hazardous waste, medical waste, construction and demolition waste, and industrial waste.

Service Insights:

• Collection
• Disposal
   

A detailed breakup and analysis of the market based on the service have also been provided in the report. This includes collection and disposal.

Source Insights:

• Industrial
• Residential
• Commercial
   

The report has provided a detailed breakup and analysis of the market based on the source. This includes industrial, residential, and commercial.

Regional Insights:

• Australia Capital Territory & New South Wales
• Victoria & Tasmania
• Queensland
• Northern Territory & Southern Australia
• Western Australia
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, and Western Australia.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Australia Waste Management Market Report Coverage:

Key Questions Answered in This Report:

• How has the Australia waste management market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Australia waste management market?
• What is the breakup of the Australia waste management market on the basis of waste type?
• What is the breakup of the Australia waste management market on the basis of service?
• What is the breakup of the Australia waste management market on the basis of source?
• What are the various stages in the value chain of the Australia waste management market? 
• What are the key driving factors and challenges in the Australia waste management?
• What is the structure of the Australia waste management market and who are the key players?
• What is the degree of competition in the Australia waste management market? 

 Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Australia waste management market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Australia waste management market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Australia waste management industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.