Land Incinerators Market Size, Industry Analysis Report, Regional Outlook, Application Development, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3719
Land Incinerators Market will witness growth owing to rising government measure to reduce the dumping of solid waste. Respective governments across the globe have introduced numerous rules and regulations concerning the solid waste management to minimize the water and soil pollution. For instance, in 2018, U.S. EPA issued the revised regulation related with Definition of Solid Waste (DSW) under the Resource Conservation and Recovery Act (RCRA) which defines materials to be rejected as solid waste.
High waste reduction capacity coupled with growing deployment WTE technology will drive the land incinerators market growth. Furthermore, rapid urbanization coupled with increased consumer spending on food and consumer goods has resulted in high waste generation which will further drive the business growth. For instance, as per the Annenberg Foundation, in U.S., an individual generates around 230 million tons of waste per year which include glass, metal and paper.
Increasing amount of solid wastes coupled with growing number of landfills contributing in environmental contamination will positively impact the land incinerators market. Additionally, continuous technological advancement including emission filters and heat recovery boiler to control the release of hazardous gases in environment will boost the business growth.
High capacity land incinerators market will witness significant growth owing the growing solid waste generation including rubber, plastic, paperboard and metals across the globe. Furthermore, growing number of small & medium scale industrial facilities across developing nations coupled with increasing consumer spending on lifestyle and packed food items will drive the product penetration over the forecast timeframe.
Noticeable amount of plastic waste generation in combination with growing packaged food industry will drive the U.S. land incinerators market. For instance, as per the Plastic Pollution Coalition, plastic waste generation in the U.S. grows by 3.8% per year from 34.5 million tons in 2015 to 38.5 million tons in 2018. Additionally, as per the Institute of Scrap Recycling Industries, the recycling rate of plastic in U.S. has dropped from 9.1% in 2015 to 4.4% in 2018.
Asia-Pacific land incinerators market will grow owing to rapidly expanding manufacturing sectors coupled with growing food and healthcare waste. At present, local and national government bodies are collectively working together for developing the strategies toward declination of solid waste which in turn will positively influence the business growth. For instance, as per the International Solid Waste Association (ISWA), Asian cities will generate 1.8 billion tons of waste by 2025 when compared to 0.28 billion tones in 2012.
Key participants in global land incinerators market include Covanta Energy, Suez Environment, Brickner & Bratton, Gershman, EEW Energy from Waste, Wheelabrator Technologies, Novo Energy amongst others. Additionally, growing investments toward solid waste management is being promoted with the supporting government policies, which will further generate business opportunities.
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