Municipal Solid Waste Management Market size to exceed $90bn by 2026

Municipal Solid Waste Management Market size is expected to surpass USD 90 Billion by 2026, as reported in the latest study by Global Market Insights, Inc.
 

Municipal solid waste (MSW) is the everyday garbage/trash discarded from residential and commercial sectors. The MSW generally consists of grass clippings, packaging, furniture, bottles, clothing, food scraps, appliances, newspapers, and other discarded daily use items from households, businesses, hospitals, hotels, and other establishments. The market demand for municipal solid waste management is witnessing significant growth owing to the rising population index and growing urbanization. Introduction of multiple programs & initiatives by respective governments including, India’s Swachh Bharat mission, U.S. - Mexico Border 2020 Waste Program, etc. are accelerating the penetration of advanced waste handling and management activities, thereby augmenting the municipal solid waste management market growth.

 

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Introduction of stringent mandates/regulations pertaining to waste treatment & disposal generated from commercial sector will spur the industry growth

The market size of municipal solid waste management is growing at a significant rate on account of growing investments toward the recycling & disposal of waste generated from commercial sector. Implementation of stringent waste management policies and norms coupled with the enormous waste quantities generated everyday will further escalate the industry statistics over the forecast timeframe. In addition, ongoing focus toward effective waste treatment & disposal from commercial establishments along with growing concerns pertaining to environmental security will enhance the municipal solid waste management industry demand.
 

Rising investments toward the development of Waste-to-Energy (WTE) infrastructure relatively boosting the global market demand

The evolving municipal solid waste management mechanism has endured a significant turnaround in the recent. There are several methods for the solid waste disposal including landfilling, composting, incineration/combustion and recycling etc. The development of a landfill is the initial step toward sustainable municipal solid waste management with a transition of an economy toward a high-income level group. While landfills hold a dominant market share, growing focus toward the deployment of energy recovery units to transform waste into energy has created new business avenues for waste incineration/combustion market growth. For instance, as per the UN, by 2020, over 50% of the municipal solid waste will be treated with thermal WTE.
 

Browse key industry insights spread across 740 pages with 1336 market data tables & 31 figures & charts from the report, “Municipal Solid Waste Management Market Statistics By Source (Residential, Commercial { Hospitals, Offices & Institutions, Hotels, Others }), By Treatment (Open Dumping, Disposal {Landfill, Recycling, Incineration/Combustion, Composting & AD }), By Material (Paper & Paperboard, Metal, Plastic, Food, Textile, Others), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026”in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/municipal-solid-waste-management-market
 

Growing emphasis on sustainable management of food waste spurring the municipal solid waste management market growth

Waste composition comprises of the characterization of different types of materials including plastic, food, paper & paperboard, textiles among others. The implementation of waste disposal & treatment practice is determined by assessing the composition of waste. The food waste management business size will witness significant growth owing to increasing investment toward the sustainable management of food waste along with developing waste to energy infrastructure. For instance, in May 2018, Waste Management, Inc introduced a new organic recycling technology (CORe), which turns food waste into energy. Technological advancements in waste management and rapid expansion of waste to energy infrastructure will further propel the market growth of municipal solid waste management.
 

Rapid urbanization along with developing WTE facilities will drive the Asia Pacific market share

Asia Pacific is the largest MSW generating region in the world. Rising urbanization and surging economic growth are among the key underlaying factors escalating the municipal solid waste management market demand in the region. In addition, waste as a renewable energy has led to the creation of new growth opportunities for the market owing to increasing investments toward the development of sustainable ecofriendly projects. For instance, as per the IEA, China has the largest WTE installed capacity of 7.3 GW across 339 plants in 2017. The growing municipal solid waste generation especially from the low and middle-income countries will further stimulate the market growth of municipal solid waste management across the region.
 

Key market players operating across municipal solid waste management market comprise of  SUEZ, Biffa Group, Waste Connections, Waste Management, Inc., Veolia, Hitachi Zosen Corporation and Recology amongst others. Strategic mergers and acquisitions are few noteworthy strategies followed by key market players to sustain a competitive edge over other participant in the industry.
 

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