Canada Liquid Waste Management Market Size Worth USD 10.61 Billion by 2034 | CAGR: 2.6%

The Canada liquid waste management market size is expected to reach USD 10.61 billion by 2034, according to a new study by Polaris Market Research. The report “Canada Liquid Waste Management Market Size, Share, Trends, & Industry Analysis Report By Source (Residential, Commercial, and Industrial), By Industry, By Service – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The Canada liquid waste management industry is a crucial component of the country's environmental sustainability efforts. The need for effective waste management solutions has become more pressing as urbanization and industrialization continue to grow.

Businesses and governments in Canada are increasingly adopting sustainable practices to reduce their environmental impact. One key trend is the shift toward a circular economy and digital circular economy, where waste is seen as a resource. In liquid waste management, this means recycling wastewater, recovering valuable materials such as oils and chemicals, and converting organic waste into energy through processes such as anaerobic digestion. These sustainable strategies help reduce disposal costs and contribute to corporate social responsibility goals. As sustainability becomes a core business priority, the demand for advanced and eco-friendly liquid waste management services is rising rapidly across multiple sectors.

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The rise of green financing and sustainable investment initiatives is fueling capital inflows into the liquid waste management industry. Financial institutions are offering green bonds and sustainability-linked loans to support projects focused on water conservation, pollution reduction, and energy-efficient wastewater treatment systems. The shift toward environmentally responsible investments aligns with Canada’s commitment to achieving its climate targets and promoting a circular economy. Investors are increasingly factoring in environmental, social, and governance (ESG) criteria when evaluating opportunities in the waste management sector, leading to more funding for companies that prioritize sustainability and innovation. As a result, businesses that demonstrate strong ESG performance are securing better financing terms and gaining investor confidence.

Canada Liquid Waste Management Market Report Highlights

• The industrial segment, based on source, is expected to reach USD 5.16 billion by 2034. The volume of industrial liquid waste is rising as Canada continues to expand its industrial output and infrastructure projects, necessitating advanced treatment, hazardous waste disposal, and regulatory compliance measures.
• The transportation segment, by industry, accounted for a 34.44% share in 2024. Transportation is a critical service in the liquid waste management market, ensuring that liquid waste is moved efficiently from its point of generation to treatment or disposal facilities.
• A few key market players are Aevitas Inc.; Clean Harbors, Inc.; Environmental 360 Solutions; GFL Environmental Inc.; Maratek Environmental Inc.; Minus Waste Solutions; Ovivo Inc.; Panda Environmental Services; Valicor Environmental Services, LLC; Veolia Environment S.A.; and Waste Management, Inc.

Polaris Market Research has segmented the Canada liquid waste management market report based on source, industry, and service:

By Source (Revenue – USD Billion, 2020–2034)

• Residential
• Commercial
  • Toxic & Hazardous
  • Organic & Non-hazardous
• Industrial
  • Toxic & Hazardous
  • Organic & Non-hazardous

By Industry (Revenue – USD Billion, 2020–2034)

• Textile
• Paper
• Iron & Steel
• Automotive
• Pharmaceutical
• Oil & Gas
• Others       

By Services (Revenue – USD Billion, 2020–2034)

• Transportation
• Collection
• Retreading