PUBLISHER: The Business Research Company | PRODUCT CODE: 1582550
PUBLISHER: The Business Research Company | PRODUCT CODE: 1582550
Municipal solid waste management involves the collection, treatment, and disposal of solid waste produced by households, businesses, and institutions within a municipality. Effective management of municipal solid waste helps reduce pollution, conserve resources, and minimize health risks. It also includes policies and regulations to ensure proper waste handling and encourages public participation in waste reduction and recycling initiatives.
The main types of municipal solid waste management are recycling, composting, incineration, and landfill. Recycling involves collecting, sorting, and processing waste materials such as paper, plastic, glass, and metals to create new products. The various types of waste include paper and paperboard, metal, plastic, food, textiles, and others. These are collected through curbside collection, drop-off centers, transfer stations, and other methods. They are utilized in several applications, including residential, commercial, institutional, and industrial settings.
The municipal solid waste management market research report is one of a series of new reports from The Business Research Company that provides municipal solid waste management market statistics, including municipal solid waste management industry global market size, regional shares, competitors with an municipal solid waste management market share, detailed municipal solid waste management market segments, market trends, and opportunities, and any further data you may need to thrive in the municipal solid waste management industry. This municipal solid waste management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The municipal solid waste management market size has grown steadily in recent years. It will grow from $113.35 billion in 2023 to $118.27 billion in 2024 at a compound annual growth rate (CAGR) of 4.3%. The growth during the historic period can be attributed to financial incentives and subsidies for recycling and waste-to-energy initiatives, a heightened focus on corporate social responsibility and sustainability, public-private partnerships (PPPs), availability of government funding and grants for waste management projects, and increasing consumer and corporate demand for sustainable products.
The municipal solid waste management market size is expected to see steady growth in the next few years. It will grow to $140.73 billion in 2028 at a compound annual growth rate (CAGR) of 4.4%. The growth during the forecast period can be attributed to the rise in waste generation driven by consumerism, rapid increase in electronic waste (e-waste), a greater emphasis on zero waste initiatives, a surge in construction and demolition waste, and heightened focus on environmental regulations. Key trends in the forecast period include innovations such as waste-to-energy technologies, advancements in recycling technology, development of biodegradable materials, integration of smart technologies, and progress in sorting technologies.
The growth of the municipal solid waste management market is expected to be driven by the rising industrialization in developing economies. Industrialization involves the large-scale development of industries, marked by a shift from agrarian economies to those centered on manufacturing and production, often accompanied by technological advancements and significant changes in labor and economic structures. This industrialization is fueled by the quest for economic growth, job creation, infrastructure improvement, and economic diversification, as well as technological advancements and investment aimed at enhancing living standards. Municipal solid waste management plays a crucial role in supporting industrialization by providing efficient waste disposal and recycling systems, which are essential for maintaining environmental sustainability and public health as industries expand and urbanize. For example, in July 2023, Eurostat, a Luxembourg-based government statistical agency, reported a 0.2% increase in seasonally adjusted industrial production in the European area in May 2023, and a 0.1% increase in the European Union compared to April 2023. Thus, the growing industrialization in developing economies is driving the expansion of the municipal solid waste management market.
Major companies in the municipal solid waste management market are concentrating on developing advanced solutions, such as digital knowledge platforms, to gain a competitive advantage. These platforms offer tools and resources designed to enhance the efficiency, effectiveness, and sustainability of waste management practices. For example, in March 2023, the Association of Southeast Asian Nations (ASEAN), an inter-governmental international organization based in Indonesia, teamed up with Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ) GmbH, a Germany-based organization, to launch a three-year regional project named Municipal Waste Management Enhancement (AMUSE). The AMUSE project aims to improve environmental quality in small and medium-sized cities across the ASEAN region by optimizing waste disposal and recycling processes. This initiative includes the creation of a new ASEAN-wide digital knowledge platform, which will offer sustainable knowledge, training, dialogue formats, and standards for enhancing municipal waste management and recycling for both public and private stakeholders.
In December 2021, EQT AB, an investment organization based in Sweden, acquired Covanta Holding Corporation for $5.3 billion. This acquisition is intended to strengthen Covanta's operations by increasing investments in equipment upgrades, community projects, and more sustainable waste disposal practices. Covanta Holding Corporation, a US-based company, focuses on energy-from-waste and industrial waste management services.
Major companies operating in the municipal solid waste management market are Clean Harbors Inc., GFL Environmental Inc., Cleanaway Waste Management Limited, Casella Waste Systems Inc., Veolia Environnement SA, Waste Management Inc., SUEZ SA, Remondis AG & Co. Kg., Republic Services Inc, Waste Connections Inc, Sims Limited, China Everbright Environment Group Limited, Hitachi Zosen Corporation, Stericycle Inc, Renewi plc, Biffa Plc, Recology Inc, WIN Waste Innovations Holdings Inc, Keppel Seghers, Bingo Industries Limited, Anaergia Inc., E.L. Harvey & Sons Inc, C&S Waste Solutions, California Waste Solutions Inc., OMNI Conversion Technologies Inc.
Asia-Pacific was the largest region in the municipal solid waste management market in 2023. The regions covered in the municipal solid waste management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the municipal solid waste management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The municipal solid waste management market includes revenues earned by entities by providing services such as waste-to-energy conversion, public education and outreach, waste audits and monitoring, and waste reduction programs. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Municipal Solid Waste Management Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on municipal solid waste management market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for municipal solid waste management ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The municipal solid waste management market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.