Industry Statistics and Trends
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 3.6 % over the past five years, to reach an estimated $5.4bn in 2024.
Trends and Insights
Consistent necessity for waste disposal from a variety of clients bolsters growth
- Waste treatment and service disposal servicers consist of companies engaged in operating a variety of waste treatment and disposal sites, including landfills, incinerators or other facilities designed to handle hazardous or nonhazardous waste.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Economic stabilization will continue boosting performance
- With inflationary pressures stabilizing and core markets expected to grow, waste treatment and disposal services will benefit from diversified demand niches and greater industrial activity across Canada.
Biggest companies in the Waste Treatment & Disposal Services in Canada
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Waste Connections Inc. | 287.8 | 48.4 | 16.8 | |
Waste Management Inc. | 253.0 | 48.0 | 19.0 | |
Secure Energy Services Inc. | 180.4 | 6.5 | 3.6 |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Solid waste treatment and disposal, Hazardous waste treatment and disposal and Waste-to-energy. Solid waste treatment and disposal is the largest segment of the Waste Treatment & Disposal Services in Canada.
Trends and Insights
Solid waste treatment and disposal has increased over the past five years
- Solid waste, also referred to as municipal solid waste, represents nonhazardous waste generated by consumers and businesses.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
The Waste Treatment and Disposal Services industry in Canada owns and operates waste treatment or disposal facilities, including waste combustors (waste-to-energy plants), solid waste landfills and compost dumps. Many companies in this industry also provide waste collection and hauling services and are also included in the Waste Collection Services industry in Canada (IBISWorld report 56211CA).
What's included in this industry?
Hazardous waste treatment and disposalSolid waste treatment and disposalOperation of waste-to-energy plants producing steam and electricityTreatment and disposal of radioactive wasteOperation of incinerators or combustors for hazardous and nonhazardous wasteDisposal of sludgeCompanies
Waste Connections Inc.Waste Management Inc.Secure Energy Services Inc.Purchase this report to view all 3 major companies in this industry.
Related Terms
TIPPING FEESWASTE-TO-ENERGY (WTE)HAZARDOUS WASTELEACHATEIndustry Code
NAICS 562210 - Waste Treatment & Disposal Services in Canada
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Nonresidential construction activity is gradually rebounding as economic volatility decreases. Stabilizing economic conditions following high interest rate spikes boost downs...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Solid waste treatment and disposal continues to be the largest, most consistent revenue driver for servicers. Hazardous waste treatment and disposal also generates a consider...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Ontario's dense cities increase construction demand. The prevalence of both residential and commercial sectors expands demand for infrastructure and housing projects, creatin...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each province
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each province in 2024
- Number and share of revenue each province accounts for in 2024
- Number and share of wages each province accounts for in 2024
- Number and share of employees in each province in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Companies that handle hazardous waste often specialize in specific types like medical or oilfield waste. By adding specialization, servicers gain a competitive edge, compared...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Waste Connections has been involved in many mergers and acquisitions. This expansion helped expand the company's footprint and opened new market opportunities.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Waste Connections Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Waste Management Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Secure Energy Services Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for Waste Connections Inc., and factors influencing its performance in the industry
- Description and key data for Waste Management Inc., and factors influencing its performance in the industry
- Description and key data for Secure Energy Services Inc., and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Waste treatment and disposal companies face extensive federal and provincial regulations. Regulatory oversight helps cover the handling, transportation and disposal of both h...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Purchases are the largest cost for waste treatment and disposal companies. The main expenses are reagents, chemicals and fuel, which are necessary to ensure a safe and effici...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Assets (2017-2022)
- Liabilities (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Waste Treatment & Disposal Services industry in Canada in 2024?
The market size of the Waste Treatment & Disposal Services industry in Canada is $5.4bn in 2024.
How many businesses are there in the Waste Treatment & Disposal Services in Canada industry in 2024?
There are 1,112 businesses in the Waste Treatment & Disposal Services industry in Canada, which has grown at a CAGR of 1.3 % between 2019 and 2024.
Has the Waste Treatment & Disposal Services industry in Canada grown or declined over the past 5 years?
The market size of the Waste Treatment & Disposal Services industry in Canada has been growing at a CAGR of 3.6 % between 2019 and 2024.
What is the forecast growth of the Waste Treatment & Disposal Services industry in Canada over the next 5 years?
Over the next five years, the Waste Treatment & Disposal Services industry in Canada is expected to grow.
What are the biggest companies in the Waste Treatment & Disposal Services market in Canada?
The biggest companies operating in the Waste Treatment & Disposal Services market in Canada are Waste Connections Inc., Waste Management Inc. and Secure Energy Services Inc.
What does the Waste Treatment & Disposal Services in Canada include?
Hazardous waste treatment and disposal and Solid waste treatment and disposal are part of the Waste Treatment & Disposal Services industry.
Which companies have the highest market share in the Waste Treatment & Disposal Services in Canada?
The company holding the most market share in Canada is Waste Connections Inc..
How competitive is the Waste Treatment & Disposal Services industry in Canada?
The level of competition is moderate and steady in the Waste Treatment & Disposal Services industry in Canada.
Related Industries
Widen your competitive advantage with related industries
Competitors
- Recycling Facilities in Canada
Complementors
- Sewage Treatment Facilities in Canada
- Tank & Refrigeration Trucking in Canada
- Waste Collection Services in Canada
- Remediation & Environmental Cleanup Services in Canada
International industries
- Waste Treatment & Disposal Services in the US
- Medical Waste Disposal Services in the US
- Waste Treatment and Disposal Services in Australia
- Waste Treatment and Disposal Services in New Zealand
- Non-Hazardous Waste Treatment & Disposal in the UK
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Canada include:
- Statistics Canada
- Industry Canada
- Canadian Business Patterns
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
