Municipal Solid Waste Management Market Size, Share & Industry Analysis, By Method ( Landfill, Incineration, Recycling, Open Dump, Others ), By Source ( Residential, Commerical, ), By Waste Type ( Paper & Paperboard, Metal, Plastic, Food, Textile, Others ) and regional Forecast, 2024-2032
KEY MARKET INSIGHTS
With the growing population around the world, coupled with urbanization and an increase in disposable income, the waste generated from the residential sector has increased immensely in recent years. This has led to adverse effects being witnessed on the environment and human health. This is created the demand for efficiently managing the waste being generated so that it does not have any ill effects on the environment and human beings. The waste generated is of various types, and handling it as per its characteristics can have certain advantages like increasing the soil fertility, filling up the land, and recycling for production of various goods.
Based on the method used, the global municipal solid waste management market can be segmented into landfills, incineration, recycling, open dump, and others. As the waste is being segregated according to the possible treatment, the techniques used for waste handling also differ. This leads to all methods being used in various parts of the world. But opened dump and landfill have witnessed a decline in their share as major problems being faced are mainly due to these methods.
The increasing urbanization around the world is the major driver for the global municipal solid waste management market. The growth in population and urbanization together increases the waste generation; this, coupled with the need to avoid the harmful effects of waste, drives the demand for waste management systems.
Key market restraint for the global municipal solid waste management market is the limited awareness among the emerging economies about the advantages of effective management of the waste. The high cost incurred in managing the whole waste management chain may also hinder the market growth.
Key Market Driver -
Growing urbanization across globe.
Key Market Restraint -
Limited awareness among emerging economies.
Key Players Covered:
Key players operating in the global municipal solid waste management market are A2Z Group, Clean Harbors, Progressive Waste Solutions Ltd, Waste Connections, Covanta, Recology, Advanced Disposal Services, Inc., CP Manufacturing Inc., Veolia, Remondis SE & Co. KG, and Republic Services, Inc.
Regional Analysis:
The global municipal solid waste management market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific currently dominates the market with a huge number of projects being carried out as the population in the region is growing at a healthy rate. China and India are among the leading nations in the region, with supportive policies from governments for waste management. North America and Europe are the regions that are the major contributors to municipal waste. The technological advancements brought in to handle the waste in a better way will drive the market growth in both regions. Latin America and the Middle East and Africa will also have a significant share during the forecast period. The major factor for this is the developing economies in the region that have resulted in urbanization.
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Segmentation
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By Source |
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By Waste Type |
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Key Industry Developments
- In January 2020, Belgian waste to energy company Keppel has secured a contract from Abellon Clean Energy Limited for the supply of energy from waste equipment and services. Holding a value of Euro 12 million, the contract would be first of its kind in Gujrat. When completed, the facility can help to reduce the volume of waste that goes to landfills by over 90%.
- In January 2020, Bee’ah's solutions secured the contract for waste management projects to be carried out in for Egypt’s new administrative capital. The project would be implemented for almost 6.5 million people in 21 residential areas.
- Ongoing
- 2023
- 2019-2022
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