Airport Waste Management: Global Market Scenario, Trends, Opportunity, Growth and Forecast, 2020-2030

Market Definition

One of the main goals of airport planning is to improve trash reduction, recycling, and reuse programmes. Any airport that already has a master plan, or that intends to do so, and receives financing from the Airport Improvement Programme (AIP) for a project that qualifies, must make sure that the new or updated master plan takes solid waste recycling at the airport into account.

Market Insights

Airport waste management market stood at $1.8 billion in 2022 and expected to grow at a CAGR of 4.5% during the forecast period. Despite being a modest part of the aviation ecosystem, waste management is predicted to expand at a fairly steady rate over the projected period. As passenger traffic recovers and returns to pre-pandemic levels, airports will spend in the short and medium term. After passenger traffic stabilises, the waste management market is also anticipated to stabilise (in the medium term of the projection period, 2024–2025). After that, it is anticipated that passenger traffic would expand at pre-pandemic rates, and the waste management market will also experience this growth.

In the medium future (2024–2025), it is predicted that the pandemic’s effects will totally fade, resulting in a rebound in passenger demand; however, airports will need to make up the money they have lost since the second quarter of 2020. Airports will be better equipped to deal with upcoming uncertainties after achieving significant financial stability and learning the market dynamics of the post-pandemic age, particularly in terms of lower demand and supply shocks. They will be able to invest as a result in waste management techniques.

The operational expenditures associated with trash disposal make up a relatively small portion of an airport’s overall operating expenses. The operational passenger traffic at the airport has a strong association with this cost. When long-term growth in passenger demand, which will also necessitate major infrastructure expansion, is predicted, capital investment will be raised expressly for waste management.

During the research period (2021-2030), Asia-Pacific is predicted to increase at the quickest rate and account for more than 40% of global passenger traffic. During the study period, Asia-Pacific will account for around 32% of the market for airport trash management. Other significant reasons driving passenger traffic development in the area include the rising middle-class population, the increase of low-cost carriers (which fosters healthy competition and lowers rates), and regional air connectivity aspirations.

The privatization of airports is a trend that has been noticed in the area (for instance, in India). Private parties have recently acquired a small number of airports, yet this cannot be seen as a substantial trend. Airports will have more freedom in how they raise money for waste management initiatives as a result. Aiming to adopt effective waste management and long-term sustainability initiatives, all of the main private airports that experience high passenger traffic will do so. Additionally, because there is little need for bureaucratic red tape, they can implement initiatives rapidly and adaptably.

Market Dynamics: Drivers

• The passenger experience will be impacted if increased passenger volume is accommodated within fixed capacity limits. This is a top concern for airports and airlines, and ensuring the best possible customer experience will depend on efficient passenger processing and trash management.
• The effect of enterprises (across industries) on the environment has gained significant attention in recent years. Concerns about emissions are understood by all parties along the aviation value chain, including airports, passengers, and investors and regulators. As a result, various sustainability initiatives have been implemented throughout all operations, and over time, there will be a greater focus on green procedures.
• Airports will invest in internal capacities to attain zero-waste status as a result of the anticipated growth in passenger traffic, leading to higher investments in waste management.

Market Dynamics: Challenges

• Passenger traffic and profitability for aviation stakeholders are being significantly impacted by uncertain macroeconomic conditions and the sheer complexity of the current business environment. These uncertainties are a result of a number of variables, including the COVID-19 pandemic’s potential recurrence, geopolitical unrest in a number of nations (including Yemen, Afghanistan, and Russia), and reactions to Chinese initiatives around the world.
• Only airports with internal expertise and sufficient financial resources are currently making investments in waste management programmes.

Market Segmentation

• Based on Airport Type, the Global Airport Waste Management market is segmented into
  • Tier 1
  • Tier 2
  • Tier 3
  • Tier 4
  • Tier 5
• Based on Type, the Global Airport Waste Management market is segmented into
  • In-house
  • Outsourced
• Based on Geography, the Global Airport Waste Management market is segmented into
  • Asia-Pacific
  • North America
  • Europe
  • Latin America
  • Middle East & Africa
• All market revenue has been given in US Dollar.

Historical Year: 2020-2021

Base Year: 2022

Estimated: 2023

Forecast- 2024-2030

Key Questions this Study will Answer

• What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Market Size-By Volume, Forecast Numbers, Market Segmentation, Market Shares) of Global Airport Waste Management Market?
• What is the region wise industry size, growth drivers and challenges key market trends?
• What are the key innovations, opportunities, current and future trends and regulations in the Global Airport Waste Management Market?
• Who are the key competitors, what are their key strength and weakness and how they perform in Global Airport Waste Management Market based on competitive benchmarking matrix?

What are the key results derived from the market surveys conducted during Global Airport Waste Management Market study?