The Global Solid Waste Management Market report contains historical, current, and forecast estimation of the revenue generation and profits for each segment and sub-segment of the Solid Waste Management Market in each key region of the world. The report additionally sheds light on the emerging growth opportunities in the business sphere that are anticipated to bolster the growth of the market.
The global Solid Waste Management Market will be worth USD 1,193.88 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the strict government regulations regarding solid waste disposal. The increasing population growth and the rising amount of waste generated every year are expected to drive the growth of solid waste management solutions. Favorable regulatory policies regarding the proper solid waste disposal, such as carbon tax or direct subsidies, or landfill taxes, is most likely to fuel the demand for solid waste management solutions.
Rapid urbanization and industrialization in emerging economies are key factors contributing to the increasing adoption of solid waste management solutions. The growing initiatives of the government to reduce the contamination of water bodies and carbon emissions are most likely to propel the growth of the market over the forecast period. Utilization of the municipal solid waste (MSW) as fuel to generate renewable energy sources through thermal and biological techniques is projected to drive growth opportunities for the future. The increasing preference of the developed countries towards Zero waste generation and waste recycling will surely boost the demand for solid waste management and recycling solutions.
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Scope of the Report:
With all the data gathered and analyzed using SWOT analysis, there was a clearer picture of the competitive landscape of the global Solid Waste Management provider market. Sources for the future market growth were uncovered and outlying competitive threats also surfaced. There was strategic direction eminent in the market and this shows in the key trends and developments studied. By getting market background and using current norms, policies, and trends of other leading markets for cross-references, market data was completed.
Key participants include Covanta Holding Corporation, Hitachi Zosen Corporation, Clean Harbors, Inc, Recology, Cleanaway, Wheelabrator Technologies, Waste Management, Inc., Veolia Environment SA (Veolia), SUEZ, and Advanced Disposal Services, among others.
Key Highlights from the Report
In March 2019, Nestle and Veolia entered into a partnership regarding the development of a recycling program. The association is a part of a series of specific initiatives and steps introduced by Nestle to fight plastic pollution.
The Industrial Solid Waste segment held the largest market share of 57.6% in 2019. Rapid industrialization in the emerging economies and rising adoption of renewable sources of energy among the industrial sectors are expected to drive the growth of solid waste management solutions among the industrial sectors.
Processing is forecasted to grow with the fastest CAGR of 3.0% over the forecast period. The scarcity of landfill sites in the populated cities has resulted in the increasing need for solid waste recycling and boosted the segment's growth.
Emergen Research has segmented the global Solid Waste Management Market on the basis of Waste, Treatment, Material, and region:
Waste Outlook (Revenue, USD Billion; 2017-2027)
- Industrial Solid Waste
- Municipal Solid Waste
Treatment Outlook (Revenue, USD Billion; 2017-2027)
- Collection
- Processing (Recycling, and Anaerobic Digestion)
- Disposal (Landfill Open Dump and Incineration)
Material Outlook (Revenue, USD Billion; 2017-2027)
- Plastics
- Metals
- Paper Paperboard
- Glass
- Food
- Others
The report addresses the following key points:
- The report provides a forecast of Solid Waste Management market drivers, restraints, and future opportunities for the Solid Waste Management market
- The report further analyses the changing market dynamics
- Regional analysis and segmentation of the Solid Waste Management market with analysis of the regions and segments expected to dominate the market growth
- Extensive competitive landscape mapping with profiles of the key competitors
- In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
- Revenue forecast, country scope, application insights, and product insights
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