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 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.
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Key Highlights From The Report
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.
The Plastics segment held the largest market share of Solid Waste Management in 2019 due to the increasing amount of plastic waste generated every year from the packaging sector.
The Asia Pacific region is expected to be the fastest-growing region over the forecast period as the government is continuously implementing strict regulations regarding emission control to reduce the emission of greenhouse gases in the environment.
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.
The report offers a comprehensive overview of the global Solid Waste Management market scenario pertaining to market value, volume, production and consumption rates, and market segmentation based on types, regions, and applications.
The global Solid Waste Management market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Solid Waste Management market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.
The segmentation of the market is done on the basis of product types, application spectrum, and the key regions of the Solid Waste Management market. Along with this, the report also provides extensive coverage of the key companies and their strategic schemes to gain a substantial market position.
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
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Key Questions Addressed in the Report:
Who are the leading players of the Solid Waste Management industry?
Which region is expected to dominate the market in the coming years?
What are the key applications of the Solid Waste Management market?
Which segment is expected to garner traction during the coming years?
Conclusion Of the Report:
To conclude everything stated above, the report offers a panoramic view of the Solid Waste Management market in both the global and regional markets, supported by key statistical data and industry-verified facts. It offers a thorough examination of the size, share, and market volume of the Solid Waste Management industry to forecast the same evaluations until 2028. It also studies and analyzes the different growth prospects and opportunities, along with threats that the players might face in the Global Solid Waste Management Market.
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