Solid Waste Management Market size to exceed $1 TN by 2026

Solid Waste Management Market size is set to surpass USD 1 trillion by 2026, as reported in the latest study by Global Market Insights Inc.
 

Strong focus of respective government to cater the various environmental issues is likely to boost the solid waste management industry growth. 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 demand.
 

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

North America solid waste management industry demand is expected to witness substantial growth through 2026 driven by 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 waste management has accelerated the industry growth.
 

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.
 

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 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.
 

Growing environmental degradation and rising emissions to augment the demand 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.
 

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 size.
 

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

The industrial waste management segment is anticipated to register growth rate of around 1% till 2026. Increasing investments toward the development of new industrial facilities & centres coupled with the growing demand for manufactured goods is poised to foster the market statistics. Increasing participation of urban dwellers in the global exchange and trade is also propelling the market growth. Moreover, growing volume of leftovers from the equipment manufacturing, food processing and packaging industries will further stimulate the demand for effective solid waste management practices.
 

Key players operating across the solid waste management industry 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 companies to consolidate significant market share.
 

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