Solid Waste Management Market Size worth over $1.2 trillion by 2026

Solid Waste Management Market is set to cross USD 1.2 Trillion by 2026, as reported in the latest study by Global Market Insights, Inc.
 

The solid waste management market is anticipated to witness robust growth on account of strong focus of respective government to cater the various environmental issues. Large scale urban migration has exponentially increased the waste generation statistics across cities. This in turn has raised the complexity across the collection, treatment and disposal processes.

 

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To unburden the existing infrastructure & improve efficiency across the ecosystem, market players are engaged in implementing social enterprise business models to create more value for money.  Inevitable rise in solid waste on account of rapid economic growth, most notably across developing economies will foster the market share.
 

Focus toward the adoption of sustainable solid waste management practices to drive the North America market growth

The North America solid waste management market will witness significant growth on account of positive outlook toward the enhancing sustainability across the trash management value chain. Transition from traditional dump & disposal models to the implementation of innovative and advanced solutions to sustain effective solid waste management has accelerated the industry growth.
 

For instance, Waste Management, Inc, in 2018, announced the development of COre, an organic recycling technology which turns food waste into energy. The technology converts food waste into ESB, an organic slurry product utilized to generate clean energy in a cost effective manner. Introduction of solid waste management programs by respective governments including the zero-waste program aimed toward the diversion of waste from landfills & incinerators has further proliferated the market outlook.
 

Growing focus toward sustainable trash treatment augmenting the food waste management industry

Solid waste management industry from food waste will witness significant gains on account of flourishing tourism and hotel industry. Increasing investments toward the provision of effective tools & technologies aiming toward minimizing food waste will positively influence the business growth.
 

Browse key industry insights spread across 1020 pages with 1870 market data tables & 28 figures & charts from the report, “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 – 2026in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/solid-waste-management-market
 

Growing environmental degradation and rising emissions will augment the market share for disposal of solid waste

Uncollected and mismanaged garbage is a public health hazard and is witnessing significant decline owing to rising environmental concerns associated with improper solid waste management. Abandoned waste volumes attracts multiple disease vectors and can lead to contamination of water, land, air and local neighborhoods.
 

For instance, as per the World Bank, in 2016, CO2 emissions from the treatment & disposal of wastes represented about 5% of the global emissions. Improved public health, low emissions and high energy conservation are the key advantages associated with proper disposal of waste products & materials, thereby driving the market share.
 

Increasing investments toward the development of new manufacturing centers accelerating the industrial solid waste management market

The industrial waste management segment is anticipated to witness growth of over 1% till 2026. Increasing investments toward the development of new industrial facilities & centres coupled with the growing demand for manufactured goods will augment the industry statistics. The demand for industrial solid waste management is gaining significant momentum owing to the increasing participation of urban dwellers in the global exchange and trade. Moreover, growing volume of leftovers from the equipment manufacturing, food processing and packaging industries will stimulate the demand for effective solid waste management practices over the forecast timeline.
 

Key market players operating across the solid waste management market include Sims Metal Management, Waste Management, Inc, Cleanaway, China Everbright International Ltd, Hitachi Zosen Corporation, Biffa Group, Green Conversion Systems, and Waste Connections amongst others. Business model innovations and restructuring of the waste collection & disposal models are eminent strategies pursued by key market players to consolidate significant market share across waste management industry.
 

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