Solid Waste Management Market Revenue, Growth Factors, Trends, Key Companies, Forecast to 2027
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Market Trends – Favorable regulatory policies
VANCOUVER, BC, UNITED STATES, May 30, 2022 /EINPresswire.com/ --
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.
The report pays special attention to the key elements of the Solid Waste Management Market, such as drivers, restraints, opportunities, threats, risks, limitations, and other aspects. The report covers a comprehensive analysis of the competitive landscape with a detailed analysis of the company profiles, product portfolio, and business expansion strategies.
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The report offers an accurate forecast estimation of the Solid Waste Management Market based on the recent technological and research advancements. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Solid Waste Management Market.
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.
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.
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The report studies the historical data of the Solid Waste Management Market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects.
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 complete regional analysis covers:
North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The study further explores and provides an in-depth analysis of current market dynamics and recent trends, focusing on various key factors and potential growth opportunities and risks. The report focuses on leading regions and their major countries to anticipate market growth in the forecast years.
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Key Points of Solid Waste Management Market:
Key insights into the regional spread of the industry in key geographies
Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
Complete data about the key manufacturers and vendors in the Solid Waste Management market
It elaborates on the new, promising arenas in the leading market regions.
It examines the latest research & development projects and technological innovations taking place in the key regional segments.
Thank you for reading our report. Customization of the report is available. To know more, please connect with us, and our team will ensure the report is customized as per your requirements.
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Solid Waste Management Market Size Worth USD 1,193.88 Billion by 2027
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