The global rubbish clearance market was worth $42.6 billion in 2018 and has estimated to grow at a CAGR of 5% for the next five years. The global garbage disposal market was worth $42.6 billion in 2018 to grow at a CAGR of 5% over the next five years. The waste management industry has witnessed steady growth over the past few years due to increased urbanisation, consumerism, rising disposable income, and growing population.
The Asia-Pacific region holds a dominant share of this market, with China accounting for nearly half of the total volume, followed by Japan, India, and South Korea. The US holds the third largest share, with around 18%.