Solid Waste Management Market Size By Waste (Municipal Solid Waste {Residential, Commercial [Hospitals, Offices & Institutions, Hotels, Others]}, Industrial Solid Waste{Equipment Manufacturing, Mining, Food Processing & Textiles, Others}), By Treatment (Open Dumping, Disposal {Landfill, Recycling, Incineration/Combustion, Composting & AD}), By Material (Paper & Paperboard, Metals, Plastics, Food, Textiles, Others), Industry Analysis Report, Regional Outlook, Competitive Market Share & Forecast, 2020 – 2026

Industry Trends

Solid Waste Management Market size valued at over USD 1 trillion in 2019 and the annual capacity is anticipated to exceed 28 billion tons by 2026.
 

Declining public health & productivity, contamination of water bodies, and airborne emissions are some of the key issues associated with the mismanagement of solid waste. Growing urbanization along with a steady increase in the global population has ticked up the implementation of solid waste management processes for discarded products while maintaining the social, technical, and economic feasibility of the treatment practices. Ongoing efforts toward resource recovery coupled with the increasing demand for integrated solid waste management practices across urban agglomerates will augment the market growth.
 

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The solid waste management market report features a detailed analysis of industry trends on a global scale segmented on a country & regional basis across different sources, treatment, and composition of solid wastes. Moreover, the market forecasts & estimates are in line with the data represented by authorities including the World Bank, International Solid Waste Association, Food & Agriculture Organization of the United Nations, government regulatory bodies, and company press releases.
 

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Growing consumer spending will fuel the municipal solid waste growth

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Municipal solid waste management market capacity is set to reach 2 billion tons (MT) by 2026. The market includes domestic consumables mainly furniture, product packaging, clothing, grass clippings, bottles, newspapers, food scraps, and appliances. These scraps mainly originate from several schools, homes, hospitals, and other commercial establishments. The demand for municipal solid waste management across the residential sector will witness significant gains on account of the ongoing urbanization along with increasing consumer spending toward manufactured goods.
 

Growing penetration of various business establishments will have a significant impact on the sales statistics of the global waste treatment industry. Commercial solid waste mainly comprises trash that originates from premises used majorly for trade & business purposes. It includes sports, amusement, education or entertainment and excludes domestic, agricultural or manufacturing waste. The growing service & tourism sector will have a significant impact on the global commercial waste treatment industry. In the forthcoming years, stringent regulatory mandates introduced by policymakers pertaining to trash treatment will positively influence the market trends.
 

Implementation of stringent environmental mandates propelling the waste disposal market growth

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The waste treatment industry has witnessed a significant turnaround in the recent past. The introduction of various government measures to adopt sustainable trash management practices has significantly propelled the business outlook. As of now, most of the developed nations are making significant efforts to raise investments across the recycling & composting/AD industry. However various low-income countries are still relying on conventional landfill and incineration methods to effectively dispose of solid wastes.
 

Respective governments have introduced multiple regulations & legislation pertaining to the effective disposal of solid wastes. For instance, the European Union introduced the landfill directive (1999/31/EC) establishing rigorous requirements & standards for landfills to prevent & minimize the harmful impacts of the wastes directed to landfills. However, the adoption of stringent regulations aimed at enhancing sustainability has diverted the waste disposal industry trends toward sustainable practices including recycling and anaerobic digestion.
 

The European commission in 2015 launched the Circular Economy Action Plan, which will help EU28 nations to achieve a sustainable economic structure. The plan determines waste treatment priorities for the prevention, reuse, and recycling of waste and the national targets to be achieved by the countries such as recycling of 65% of the municipal waste by 2030. Significant efforts toward the remodeling of services from traditional technologies to advanced disposal & treatment services will augment the market size.
 

Surging demand for plastics across the packaging sector will drive the solid waste management market share

Plastics account for a significant market share of the municipal & industrial solid wastes generated. It is found across all major waste categories but holds a dominant presence in the packaging sector. Improper disposal of plastic scrap poses significant industry challenges on account of limited waste treatment solutions with minimal environmental contamination. Soil erosion, water leaching, and airborne emissions are the adverse effects associated with landfilling and incineration of plastic wastes respectively. Hence, recycling of such materials is becoming the only necessary option to ease the harmful environmental effects, which will augment its market statistics.
 

Increasing efforts toward enhancing sustainability have enabled the regulators to implement dedicated waste management solutions. For instance, in 2018, the EU launched the plastic waste strategy to make all packaging recyclable by 2030. In addition, many cities are investing aggressively toward increasing the consistency of waste collection & disposal with the provision of financial incentives and launching awareness programs. For instance, San Francisco, U.S., implemented a plastic bag ban, resulting in a 72% decline in litter across local beaches between 2010 to 2017.
 

Rising urbanization rates will provide impetus to the market across the Asia Pacific region

Europe, Asia Pacific, and North America account for over 80% of the global solid waste management market share.  Dense population, presence of a robust manufacturing sector, and increasing consumer spending have made Asia Pacific one of the major contributors of solid waste across the globe. As a result, the existing waste collection & treatment facilities have been choked owing to presence of a high population per square mile complemented by the ongoing industrial sector development.
 

The market statistics for solid waste management in Asia Pacific will witness substantial growth due to implementation of medieval solid waste management technologies & practices, most notably across the middle- and low-income countries. For instance, as per World Bank, in 2016, open dumping & landfilling of wastes is dominantly prevalent across the East Asia & Pacific region and accounts for over 55% of the treated wastes. The market players operating across the region are focusing on expanding their solid waste management network along with the implementation of advanced waste treatment technologies including waste recycling and resource recovery.
 

Strategic partnerships and collaborations acting as the focal point of market leaders

The leading market players operating across the solid waste management industry are currently focusing on collaborations and strategic partnerships with the utilities to gain a competitive edge. The business strategy on collaborations is devised to transmute the overall business model by driving optimal efficiency and the maximize the market share. The eminent market players include Biffa Group, Waste Management, Inc., Waste Connections, Veolia, SUEZ, Hitachi Zosen Corporation, and Recology, amongst others.
 

The solid waste management market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Million Tons, and ‘USD” from 2015 to 2026, for the following segments:

By Waste

• Municipal Solid Waste
• Industrial Solid Waste

By Treatment

• Open Dumping
• Disposal
  • Landfill
  • Recycling
  • Incineration/Combustion
  • Composting/Anaerobic Digestion

By Material

• Paper & Paperboard
• Metals
• Plastics
• Food
• Glass
• Others

The above information has been provided for the following regions and country:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Sweden
  • Netherlands
  • Poland
  • Romania
  • Russia
  • Bulgaria
• Asia Pacific
  • China
  • Australia
  • India
  • Japan
  • South Korea
  • Thailand
  • Indonesia
  • Malaysia
  • Philippines
  • Singapore
• Middle East & Africa
  • Qatar
  • UAE
  • Nigeria
  • Saudi Arabia
  • South Africa
• Latin America
  • Brazil
  • Argentina
  • Chile
  • Mexico