The Solid Waste Management Market will be worth USD 1,193.88 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the strict government regulations regarding solid waste disposal. The increasing population growth and the rising amount of waste generated every year are expected to drive the growth of solid waste management solutions. Favorable regulatory policies regarding the proper solid waste disposal, such as carbon tax or direct subsidies, or landfill taxes, is most likely to fuel the demand for solid waste management solutions.
The Global Solid Waste Management market drivers and restraints market is further segmented in terms of applications, end-user, end-use, geographic presence, by-products as well as services. In addition, the subject matter experts evaluating the industry provide an all-inclusive category-specific industry outlook. A comprehensive collection of data on major companies occupying a strong foothold in the industry adds immense value to the overall research.
The growing initiatives of the government to reduce the contamination of water bodies and carbon emissions are most likely to propel the growth of the market over the forecast period. Utilization of the municipal solid waste (MSW) as fuel to generate renewable energy sources through thermal and biological techniques is projected to drive growth opportunities for the future. The increasing preference of the developed countries towards Zero waste generation and waste recycling will surely boost the demand for solid waste management and recycling solutions.
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Key Highlights From The Report
- In March 2019, Nestle and Veolia entered into a partnership regarding the development of a recycling program. The association is a part of a series of specific initiatives and steps introduced by Nestle to fight plastic pollution.
- The Industrial Solid Waste segment held the largest market share of 57.6% in 2019. Rapid industrialization in the emerging economies and rising adoption of renewable sources of energy among the industrial sectors are expected to drive the growth of solid waste management solutions among the industrial sectors.
- Processing is forecasted to grow with the fastest CAGR of 3.0% over the forecast period. The scarcity of landfill sites in the populated cities has resulted in the increasing need for solid waste recycling and boosted the segment's growth.
- The Plastics segment held the largest market share of Solid Waste Management in 2019 due to the increasing amount of plastic waste generated every year from the packaging sector.
- The Asia Pacific region is expected to be the fastest-growing region over the forecast period as the government is continuously implementing strict regulations regarding emission control to reduce the emission of greenhouse gases in the environment.
- Key participants include Covanta Holding Corporation, Hitachi Zosen Corporation, Clean Harbors, Inc, Recology, Cleanaway, Wheelabrator Technologies, Waste Management, Inc., Veolia Environment SA (Veolia), SUEZ, and Advanced Disposal Services, among others.
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Emergen Research has segmented the global Solid Waste Management Market on the basis of Waste, Treatment, Material, and region:
- Waste Outlook (Revenue, USD Billion; 2017-2027)
- Industrial Solid Waste
- Municipal Solid Waste
- Treatment Outlook (Revenue, USD Billion; 2017-2027)
- Collection
- Processing (Recycling, and Anaerobic Digestion)
- Disposal (Landfill Open Dump and Incineration)
- Material Outlook (Revenue, USD Billion; 2017-2027)
- Plastics
- Metals
- Paper Paperboard
- Glass
- Food
- Others
Regional Outlook: (Revenue, USD Billion; 2018-2028)
North America (U.S.) (Canada) (Mexico)
Europe (Germany) (UK) (France) (BENELUX) (Rest of Europe)
Asia Pacific (China) (Japan) (South Korea) (Rest of APAC)
Latin America (Brazil) (Rest of LATAM)
Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
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Finally, all aspects of the Solid Waste Management market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.
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