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In this article: 15 of the world’s largest waste management companies. If you want to skip the detailed analysis, you can go directly to the following page. 5 of the world’s largest waste management companies.
According to a UNEP report, global waste generation is expected to increase significantly from 2.3 billion tons in 2023 to 3.8 billion tons by 2050. This rapid increase in waste generation will cause significant harm through climate change, biodiversity loss and pollution. The report estimates that annual waste generation costs are expected to reach $640 billion by 2050, a 75% increase compared to 2020 levels. These increased costs can be reduced by adopting proper waste prevention and management practices. Estimates in the report show that waste prevention and control measures could reduce net annual costs to $270.2 billion by 2050.
Waste Management Industry: Market Analysis
According to a report by Grand View Research, the waste management market was worth $1.29 trillion in 2022. This market is expected to reach $1.96 trillion by 2030, growing at a compound annual growth rate (CAGR) of 5.4% from 2023 to 2030. This growth is being driven by strict government regulations and increasing awareness of proper waste disposal and management.
By segment, the collection segment accounted for the highest share, accounting for 62% of the market in 2022. The disposal segment is expected to grow at a CAGR of 5.9% during the forecast period. Due to rapid urbanization and industrialization, the industrial waste segment accounted for more than 85.9% share in 2022. Rapid advancements in technology are expected to drive growth in the e-waste sector.
Rising population and increasing urbanization are expected to drive market growth globally during the forecast period. By region, Asia-Pacific accounted for the highest share of over 24.5% in 2022 due to government efforts to raise awareness on waste management. The Middle East and Africa market is expected to grow significantly during the forecast period and is characterized by awareness towards the benefits of reuse and recycling. You might also want to take a look at America’s largest recycling company.
Key players in the waste management market
Major players in the waste management market include Republic Services, Inc. (NYSE:RSG), Veolia Environnement SA (OTC:VEOEY), and Clean Harbors, Inc. (NYSE:CLH). These companies are discussed in more detail below.
Republic Services, Inc. (NYSE:RSG) is one of the world’s largest waste management companies. On February 27, the company announced its fourth quarter 2023 earnings. The company reported EPS of $1.41, beating estimates by $0.12. The company reported revenue of $3.83 billion, beating expectations by $95.71 million. The company’s revenue grew 8.55% year-over-year. Below are some of the comments from Republic Services, Inc. (NYSE:RSG) on its Q4 2023 earnings call.
“We invested $1.8 billion in acquisitions in 2023, including transactions in both our recycling and waste business and our environmental solutions business. As part of our balanced approach to capital allocation, we invested $1.8 billion in acquisitions through dividends and share repurchases. We returned $900 million to our shareholders. The results we produce are enabled by executing on our strategy, supported by differentiated capabilities. About our customers’ passion. Delivering industry-leading services Our commitment to excellence continues to drive sustained customer loyalty and organic growth for our business. Our customer retention rate remains high at over 94%, and we are proud of the service we provide. Thanks to our value and quality of service delivery, our Net Promoter Score continues to trend well. In the fourth quarter, we delivered significant organic revenue growth alongside price and volume growth.”
Veolia Environnement SA (OTC:VEOEY) is a leading environmental services and waste management company. On February 29, the company announced the launch of a new program, GreenUp. The program aims to strengthen the company’s position in environmental transformation by providing solutions for pollution control, decarbonization and resource regeneration. The program achieves this goal by focusing on his three areas: regional energy and bioenergy, waste treatment, and water technology. Veolia Environnement SA (OTC:VEOEY) aims to reduce 18 million tonnes of CO2 and dispose of 10 million tonnes of hazardous waste by 2027.
Clean Harbors, Inc. (NYSE:CLH) is a leading waste management company. On February 6, the company announced that it had acquired HEPACO, which provides environmental and emergency response services. The acquisition was processed in a $400 million deal. This strategic move by Clean Harbors, Inc. (NYSE:CLH) strengthens its environmental services sector by expanding its geographic reach, personnel and facilities.
Let’s take a look at the 15 largest waste management companies in the world.
15 of the world’s largest waste management companies
methodology
To rank the world’s 15 largest waste management companies, we conducted thorough research, consulting multiple sources including our own rankings, market reports, and other similar rankings from around the web. We found both major public and private companies in this sector. We then screened waste management companies using Finviz and Yahoo Finance’s stock screener to make sure we didn’t miss any companies. We created an initial list of the 30 largest companies and ultimately selected the 15 largest waste management companies in the world. Companies are ranked in ascending order of market capitalization as of March 12th. Please note that we convert market capitalization of foreign currencies as of March 12 into US dollars according to their respective exchange rates.
15 of the world’s largest waste management companies
15. Secure Energy Service Co., Ltd. (OTC:SECYF)
Market capitalization as of March 12: $2.37 billion
Secure Energy Services Inc. (OTC:SECYF) ranks among the world’s largest waste management companies. The company specializes in oil field waste disposal and processing. We have more than 75 waste management facilities in Western Canada and North Dakota. As of March 12, Secure Energy Services Inc. (OTC:SECYF) has a market capitalization of $2.37 billion.
14. China Guangguang Environmental Group Co., Ltd. (OTC:CHFFF)
Market capitalization as of March 12: $2.37 billion
China Everbright Environmental Group Limited (OTC:CHFFF) ranks 14th on the list. The company specializes in the environment, resource recovery and energy. We provide waste-to-energy recovery, comprehensive waste treatment, biomass power generation, environmental management, resource recycling, and waste management services. As of March 12, China Guangguang Environmental Group Co., Ltd. (OTC:CHFFF) was valued at $2.37 billion.
13. Beijing Origin Water Technology Co., Ltd. (SHE:300070)
Market capitalization as of March 12: $2.55 billion
Beijing Origin Water Technology Co., Ltd. (SHE:300070) is an engineering services company specializing in membrane technology, membrane equipment manufacturing, and municipal and industrial wastewater treatment. As of March 12, Beijing Originwater Technology Co Ltd (SHE:300070) was valued at $2.55 billion. It ranks 13th on our list.
12. Cleanaway Waste Management Ltd (ASX:CWY)
Market capitalization as of March 12: $3.82 billion
Cleanaway Waste Management Ltd (ASX:CWY) is one of the world’s largest waste management companies. The company operates from over 250 locations across Australia. The company’s core businesses include recycling, waste management, industrial services, environmental solutions, waste equipment manufacturing, and medical waste solutions. As of March 12, Cleanaway Waste Management Ltd (ASX:CWY) had a market capitalization of $3.82 billion. It ranks 12th on our list.
11. Stericycle, Inc. (NASDAQ:SRCL)
Market capitalization as of March 12: $4.85 billion
Stericycle, Inc. (NASDAQ:SRCL) is a healthcare compliance company specializing in medical waste disposal, pharmaceutical waste solutions, and shredding services. As of March 12, Stericycle, Inc. (NASDAQ:SRCL) was valued at $4.85 billion. It ranks 11th on the list.
10. Casella Waste Systems, Inc. (NASDAQ:CWST)
Market capitalization as of March 12: $5.44 billion
Casella Waste Systems, Inc. (NASDAQ:CWST) ranks among the world’s largest waste management companies. Headquartered in Vermont, the company specializes in recycling, integrated resource management, and residential, commercial, municipal, and industrial waste management. The company collects 1 million tons of recyclables and 400,000 tons of organic waste each year. As of March 12, Casella Waste Systems, Inc. (NASDAQ:CWST) had a market capitalization of $5.44 billion.
9. TOMURA SYSTEMS ASA (OTC:TMRAY)
Market capitalization as of March 12: $5.72 billion
Tomra Systems ASA (OTC:TMRAY) is a leading Norwegian waste management and recycling company. The company has over 105,000 installations in over 100 markets around the world. We provide recycling, waste management, and sensor-based separation technology services. Tomra Systems ASA (OTC: TMRAY) is one of the largest waste management companies, valued at $5.72 billion as of March 12th.
8. GEM Co., Ltd. (SHE:002340)
Market capitalization as of March 12: $6.17 billion
GEM Co Ltd (SHE:002340) ranks 8th on the list. The China-based company specializes in recycling waste cobalt, nickel, tungsten and copper resources and e-waste. He operates across two major business segments including waste resource utilization and energy. The waste utilization segment includes waste power batteries, waste plastics, resource recovery and processing, and modified plastics. GEM Co Ltd (SHE:002340) has a market capitalization of $6.17 billion as of March 12th.
7. Fomento de Construcciones y Contratas SA (BME:FCC)
Market capitalization as of March 12: $6.25 billion
Fomento de Construcciones y Contratas SA (BME:FCC) ranks 7th on the list. The company operates across multiple segments including infrastructure, environment, and water management. We specialize in waste collection, conservation of green spaces, maintenance of sewer networks, cleaning of roads, beaches and coasts, recycling, municipal waste treatment and energy recovery from waste. As of March 12, Fomento de Construcciones y Contratas SA (BME:FCC) had a market capitalization of $6.25 billion, making it one of the largest waste management companies.
6. Clean Harbors (NYSE:CLH)
Market capitalization as of March 12: $10.11 billion
Clean Harbors, Inc. (NYSE:CLH) ranks No. 6 on the list of the world’s largest waste management companies. The company provides environmental and industrial services. We specialize in emergency spill response, waste disposal, end-to-end hazardous waste management, industrial maintenance, and recycling. The company is one of the largest refiners and recyclers in North America. The company has over 40 years of experience and operates in the United States, Canada, Mexico and Puerto Rico. As of March 12, Clean Harbors, Inc. (NYSE:CLH) had a market capitalization of $10.11 billion.
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Disclosure: None. 15 of the world’s largest waste management companies Originally published on Insider Monkey.
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