Veolia Environnement SA continues to ride the wave of global infrastructure investment in water, waste and energy services. With a market capitalization of €23.4 billion and a share price that has recently traded near its 52‑week high, the company is positioned to capture several high‑growth segments identified in recent market research.

1. Antiscalants for Desalination: A Booming Sub‑Sector

A press release from the open‑source market analytics firm OpenPR notes that the antiscalants market for desalination plants is projected to rise from $847 million in 2026 to nearly $1.94 billion by 2036. Antiscalants prevent scale formation in desalination equipment, thereby extending plant life and reducing maintenance costs. Veolia’s existing portfolio of desalination services – which includes membrane technology and water treatment – is well‑aligned with this demand surge. The company’s expertise in optimizing water processes and its strong presence in European and Middle‑Eastern markets position it to secure new contracts, particularly as water scarcity intensifies across the globe.

2. Facility Management Market Expansion

According to EinPressWire, the facility management (FM) market is expected to reach $2.75 trillion by 2034, growing at a CAGR of 8.5 % from 2026 onward. FM encompasses a range of services that overlap with Veolia’s core competencies: waste collection, energy efficiency, and water supply for commercial and institutional buildings. By integrating FM services into its existing utility contracts, Veolia can offer bundled solutions that enhance customer retention and generate steady revenue streams. The company’s recent acquisitions of mid‑size FM providers in France further reinforce this strategy.

3. Packaging Waste Recycling: A Structural Shift

The EINPressWire report on global packaging waste recycling forecasts a market nearing $50 billion by 2036. As governments tighten regulations on single‑use plastics, the demand for advanced recycling technologies will increase. Veolia’s state‑of‑the‑art facilities for sorting, shredding, and converting packaging waste into valuable secondary raw materials place it at the forefront of this transition. By leveraging its existing logistics network and R&D capabilities, Veolia can scale its recycling operations, capture higher margins, and contribute to circular‑economy goals.

4. Sustainable Manufacturing Momentum

Sustainable manufacturing is projected to hit $593.99 billion by 2034, driven by policy incentives and green‑tech investments, as reported by EinPressWire. Veolia’s role in providing clean energy, efficient water use, and waste minimisation positions it as a critical partner for manufacturers seeking to decarbonise their supply chains. The company’s recent pilot projects in energy‑efficient HVAC and smart water metering illustrate its commitment to embedding sustainability into industrial operations.

Strategic Implications for Investors

Veolia’s current P/E ratio of 19.37 indicates that the market prices the company with reasonable expectations of earnings growth. The firm’s robust balance sheet, combined with its diversification across water, waste and energy services, provides a buffer against cyclical downturns. The emerging opportunities in antiscalants, FM, packaging recycling and sustainable manufacturing align with Veolia’s expertise, suggesting a trajectory that could justify a continued upward revision of its valuation multiples.

Investors should monitor the following catalysts:

  1. Regulatory changes in water‑scarce regions and stricter waste‑management directives in the EU.
  2. Strategic partnerships with municipalities and large corporates for bundled utility and FM contracts.
  3. Capital allocation toward expanding desalination and recycling capacities, particularly in high‑growth markets such as the Middle East and Southeast Asia.

In summary, Veolia Environnement is poised to leverage its established service platform to capitalize on several high‑growth, policy‑driven sectors. The company’s solid fundamentals, combined with its ability to integrate emerging technologies into its service offering, make it a compelling long‑term play for investors focused on sustainable infrastructure.