Smart Waste Management Market Size to Hit USD 8.90 Billion by 2032, at 14.13% CAGR | Research by SNS Insider

Smart Waste Management Market growth driven by Rising Urbanization, IoT Adoption, and Demand for Efficient Waste Monitoring Solutions

Austin, June 12, 2025 (GLOBE NEWSWIRE) -- Smart Waste Management  Market Size & Growth Insights:

According to the SNS Insider,“The Smart Waste Management Market Size was valued at USD 3.11 billion in 2024 and is expected to reach USD 8.90 billion by 2032 and grow at a CAGR of 14.13% over the forecast period 2025-2032.”

Revolutionizing Urban Waste: The Rise of Smart Waste Management

Driven by developments in IoT, artificial intelligence, and sensor technologies simplifying collecting, recycling, and resource optimization, the global Smart Waste Management Market is witnessing fast growth. Globally, e-bikes are also rather popular owing to urbanization, growing environmental consciousness, and government policy assistance. In the U.S., the market is expected to increase from USD 0.87 billion in 2024 to USD 2.08 billion in 2032 with a CAGR of 11.67%.

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Waste management strength of cities, as they continue to go ‘smart’ with the adoption of wearables, censors, smart bins, and automated systems, among other. for better operational effectiveness, cost reductions and for climate action strategies. Smart waste systems are now a part of over 70% of smart city projects, reducing collection costs by as much as 40% and increasing the Operational Efficiency by 20%–30%.

Global Smart Waste Management Market: North America Leads, Europe and APAC Drive Rapid Growth

North America dominated the smart waste management market in 2024, owing to technology lead and high-tech proliferation, Firms including RTS and Divert, Inc. lead in AI and RFID-based waste solutions Implemented across North America, political interference in the region likely to negatively dwarf the market growth. The U.S. is ahead regionally because of high rates of urbanization and robust government support.

Europe is set to grow fastest during 2025–2032 to grow the most under stringent sustainability regulations, with companies including Enerkem and SUEZ pioneering biofuel and data-powered waste systems. Germany has the biggest European share of advanced recycling and waste-to-energy technician.

Asia Pacific is growing fast because of urbanization and tech take-up in China, Japan and India. China is in the forefront of big green investments.

The Middle East, Africa, and Latin America are emerging, with Saudi Arabia, the UAE, Brazil and Argentina leading the smart waste charge.

Smart Waste Management Market Report Scope:

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Key Industry Segmentation

By Technology

In 2024, IoT-based technologies led the Smart Waste Management Market with a 36.13% revenue share, driven by innovations from firms including Ecube Labs, whose smart bins and real-time monitoring systems operate in over 100 cities. These solutions enhance operational efficiency and reduce collection costs through data-driven decision-making.

The AI segment is set to grow fastest at a 15.30% CAGR over 2025–2032, where a handful of companies, such as ZenRobotics and CleanRobotics are bringing intelligent sorting systems to market. Artificial intelligence (AI) gives predictive analytics, automation, and growth in recycling, sustainability and resource management in waste.

By Waste Type

In 2024, the Solid Waste segment led the Smart Waste Management Market with a 74.75% revenue share, as large volumes of urban waste and smart technology provided by companies, such as Ecube Labs support the segment’s growth in efficiency and decreased costs.

The Special Waste segment is projected to grow fastest at a 16.78% CAGR over 2025–2032, due to stringent regulations and increasing focus on hazardous waste. Entities, such as SUEZ and Clean Harbors are being smart using AI and automation to safely handle special waste and remain in compliance while protecting the environment.

By Method

In 2024, the Smart Collection segment led the market with a 44.80% share, driven by technologies including Enevo’s wireless sensors that optimize bin monitoring and route planning, helping cities cut fuel use, emissions, and inefficiencies.

Smart Processing is set to grow at the fastest CAGR of 15.33% over 2025-2032, boosted by rising demand for AI-powered, automated sorting systems from firms including Waste Robotics. These solutions enhance recycling rates and reflect a broader shift toward efficient, data-driven waste management.

By Source

In 2024, the residential segment held the largest market share at 46.87%, as a result of increasing urban household waste and usage of smart bins and devices, such as Sensoneo fill- level sensors and route optimization. This places residential zones as the pivotal point for investment in smart waste.

The business segment is projected to grow at the fastest CAGR of 15.29% over 2025-2032, on account of rise in utilization of digital waste management solutions in industries, such as hospitality and healthcare, and SmartBin is at the forefront of cloud-based monitoring and sustainability tracking.

Leading Market Players with their Product Listed in this Report are:

• Reworld
• Republic Services
• Veolia North America
• BRE SMART Waste
• Harvest Power
• Recycle Smart Solutions
• SENSONEO
• Aspen Waste
• IBM Corporation
• Enevo Oy

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Recent Developments:

• In Oct 2024, Reworld will receive fresh capital as EQT sells a 25% stake to GIC, expanding GIC’s minority ownership. The investment will accelerate Reworld’s zero-waste initiatives and sustainable waste solutions.
• In June 2025, Veolia has signed a five-year contract to run Sapulpa’s wastewater treatment plant and 21 pump stations. The agreement involves consulting services about capital improvements and has the potential for three five-year renewals.

Table of Contents - Major Points

1. Introduction

2. Executive Summary

3. Research Methodology

4. Market Dynamics Impact Analysis

5. Statistical Insights and Trends Reporting

6.  Competitive Landscape

7. Smart Waste Management  Market Segmentation, by Waste Type

8. Smart Waste Management  Market Segmentation, by Method

9. Smart Waste Management  Market Segmentation, by Source

10. Smart Waste Management  Market Segmentation, by Technology

11. Regional Analysis

12. Company Profiles

13. Use Cases and Best Practices

14. Conclusion

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