Global Municipal Solid Waste Management Market to Record Substantial Growth During 2020-2026

May 21, 2020

As per the report titled ‘Municipal Solid Waste Management Market By Source, By Treatment By Material, Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026’, available with Market Study Report LLC, global municipal solid waste management market is expected to show a sizeable growth by the year 2026.

Municipal solid waste, generally known as trash or garbage contains items that people use on daily basis and discard. Growing environmental awareness, stringent government regulations regarding waste treatment, and development of advanced recycling centers are fueling the growth of global municipal solid waste management market.

Based on the source, residential segment is anticipated to show modest growth during the forecast period. Common recyclables in residential waste stream include food scraps, plastics, paper, metals, yard trimmings, personal electronics, and textiles. Growing population and increased consumer spending on various products and goods with short replacement cycle have accelerated the waste generation rate, thereby stimulating the need for municipal solid waste management.

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Elaborating on the material, the market split into plastics, textiles, food, paper & paperboard, metals, and others. Plastics segment is poised to grow significantly in the coming years, on account of rising environmental awareness and focus towards proper disposal of plastics.

Textile material segment is also slated to gain decent traction over the forecast duration, due to growing emphasis towards fabric reprocessing and increasing investments for the development of advanced textile recycling centers.

Other materials include wood, rubber, yard trimmings, glass, and miscellaneous organic wastes. Among these, rubber segment is expected to witness modest growth, driven by the utilization of recovered tires as fuel to generate electricity or to manufacture new rubber products.

Considering the geographical landscape, MEA municipal solid waste management market is projected to experience robust growth during the analysis period, owing to increasing urbanization in tandem with growing hospitality & tourism sector in Middle East & Africa.

Latin America market is also displaying a noticeable growth trend due to increasing number of initiatives towards improving the environmental & public health infrastructure.

Major players operating in global municipal solid waste management market are Advanced Disposal Services, Inc., Green Conversion Systems, Inc., Biffa Group, Recology, Covanta Holding Corporation, Hitachi Zosen Corporation, Keppel Seghers, Wheelabrator Technologies, Inc., Plasco Conversion Technologies, Inc., China Everbright International Ltd., Clean Harbors, Inc., Cleanaway, Sims Metal Management, Waste Management, Inc., Stericycle, Inc., Veolia Environnement SA (Veolia), SUEZ, Waste Connections, and E.L. Harvey & Sons, Inc.

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