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Global Municipal Solid Waste Management Market Projected to Reach USD 96 Billion by 2026

26-Mar-2020 | Facts and Factors

Findings from Facts and Factors report “Municipal Solid Waste Management Market By Source (Residential, Commercial) By Treatment (Open Dumping, Disposal) and By Material (Paper & Paperboard, Metal, Plastic, Food, Textile, Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Municipal Solid Waste Management market in 2019 was approximately USD 80 Billion. The market is expected to grow at a CAGR of 2% and is anticipated to reach around USD 96 Billion by 2026.

The growing awareness among the people about the benefits of waste management and usage of recycled products in day to day life for various purposes has significantly resulted in the growth of the municipal solid waste management market. Waste management institutes are also coming up with sustainable and innovative waste management practices for encouraging people for waste segregation that would be easy in the further process of waste management through various treatments. However, the lack of knowledge about waste segregation and its management among the people in the developing countries are proving to be an obstacle for the market. The lack of engineers and environmental professionals who can guide about the disadvantages and ill effects of waste on the environment and other living things are restricting the growth of the market. Nevertheless, the potential of energy generation and also the manufacturing of useful products from the wastes accumulated in the landfill are providing numerous opportunities for market growth.

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Browse the full Municipal Solid Waste Management Market By Source (Residential, Commercial) By Treatment (Open Dumping, Disposal) and By Material (Paper & Paperboard, Metal, Plastic, Food, Textile, Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026https://www.fnfresearch.com/municipal-solid-waste-management-market-by-source-residential-977

As per the source analysis, the residential section is anticipated to dominate the market owing to the increasing consumer spending. The domestic consumables basically include materials that are used in any home on a daily basis. These materials include food scrap, newspapers, packages of different foods and beverages, and furniture. This garbage is generally collected from various single and nuclear family clusters. Growing penetration of such clusters is proving to have a substantial impact on the municipal solid waste management market. As per the treatment analysis, the disposal method is predicted to dominate the market in the coming years. Disposal methods comprise of recycling, incineration, composting, and combustion. These methods help in reducing the waste that gets dumped in the open landfills which emit harmful pollutants in the air making it contaminated and unfit for living things. It can be used for multiple purposes like energy generation or can be used as organic fertilizers. Strict rules and regulations imposed by the governments of various developed countries have helped in reducing the waste accumulation in the open spaces and such regulatory measures of safe trash treatment practices are assisting in the growth of the market. As per the material analysis, paper & paperboard are estimated to dominate the market as they are mainly used as packaging or non-durable goods. These non-durable goods comprise of newspaper, tissue paper, cups, and paper plates. Owing to the rise in the packaging industry that is used for multiple applications such as food & beverages, eCommerce, home products, and consumer packaged goods, there has been an upsurge in the recycling of paper & paperboard materials. Also, severe measures taken by the governments of several countries in discouraging the applications of single-use plastics have created a huge impact on the usage of paper & paperboards.

As per the regional analysis, the region of North America is expected to dominate the market owing to its application of progressive and innovative technologies for the treatment of trash and its advanced practices. The advancement such as the conversion of food or any wet waste into energy is driving the need for the market. Growing population with increasing investments in the commercial sectors like automobile and construction, and the surging capacity of consumer spending are triggering the demand for the market in this region. Moreover, the prosperous tourism industry is creating a substantial impact on the growth of municipal solid waste management.

The major key players involved in the Municipal Solid Waste Management market are as follows:

  • Biffa Group
  • Green Conversion Systems Inc.
  • Recology
  • Hitachi Zosen Corporation
  • Covanta Holding Corporation
  • Keppel Seghers
  • Plasco Conversion Technologies Inc.
  • Wheelabrator Technologies, Inc.
  • China Everbright International Ltd.
  • Cleanaway
  • Clean Harbors, Inc.
  • Sims Metal Management
  • Stericycle, Inc.
  • Waste Management, Inc.
  • Veolia Environnement SA (Veolia)
  • Advanced Disposal Services, Inc
  • Waste Connections
  • E.L. Harvey & Sons, Inc.
  • SUEZ

This report segments the Municipal Solid Waste Management market as follows:

Global Municipal Solid Waste Management Market: By Source Segmentation Analysis

  • Residential
  • Commercial

Global Municipal Solid Waste Management Market: By Treatment Segmentation Analysis

  • Open Dumping
  • Disposal

Global Municipal Solid Waste Management Market: By Material Segmentation Analysis

  • Paper & Paperboard
  • Metal
  • Plastic
  • Food
  • Textile
  • Others

Global Municipal Solid Waste Management Market: Regional Segmentation Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest Of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • The Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

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