Solid Waste Management Market Report
Solid Waste Management Market Size, Share, Trend, Forecast, & Industry Analysis: 2021-2026 See less
Solid Waste Management Market Size, Share, Trend, Forecast, & Industry Analysis: 2021-2026
Solid Waste Management Market, By Waste Type (Municipal Solid Waste, Industrial Solid Waste), By End-Use (Collection Services, Landfills, Recycling, Waste to Energy Incineration, Composting and Anaerobic Digestion, Others), and Region - COVID-19 Impact Analysis and Forecast to 2026.
The Solid Waste Management Market is projected to grow from USD 1,184.6 billion in 2020 to USD 1,391.1 billion by 2026 at a CAGR of over 2.7% during the forecast period.
Solid waste management, refers to the collecting, treating, and disposing of solid material, which is discarded as it has served its purpose and is no longer useful. Solid waste management helps in getting rid of most of the solid waste matter properly and maintains cleanliness and safety in the communities.
Declining public health & productivity, contamination of water bodies, and airborne emissions are some of the key issues associated with the mismanagement of solid waste. Growing urbanization along with a steady increase in the global population has ticked up the implementation of solid waste management processes for discarded products while maintaining the social, technical, and economic feasibility of the treatment practices. Ongoing efforts toward resource recovery and the increasing demand for integrated solid waste management practices across urban agglomerates will augment the market growth.
The COVID-19 pandemic has adversely affected the solid waste management industry as a result of the shutdown of the government and municipal activities due to the limited workforce and social distancing norms. Municipal waste operators adapted their waste management systems and procedures to the pandemic. Moreover, supply chain disruption and restricted transportation further affected the market growth, amid the pandemic.
Key players operating in the solid waste management market are-
Based on waste type, the global solid waste management market has been classified into municipal solid waste and industrial solid waste. Under these, the municipal solid waste segment held the largest market share in 2020 and is likely to grow at a considered CAGR during the forecast period. The demand for municipal solid waste management is growing across the residential sector owing to rapid urbanization along with rising consumer spending toward manufactured goods, thereby bolstering the segment growth.
By region, the Asia Pacific market held a significant market share in 2020 and is projected to grow at a healthy CAGR in the coming years. This is mainly ascribed to the rapidly growing population, a large presence of a strong manufacturing sector, and rising consumer spending. This resulted in an expansion of the existing waste collection & treatment facilities to improve its efficiency and effectively manage the solid waste, which further proliferates the regional market growth.
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
Here is the list of the group of customers that the solid waste management market hopes to have the greatest opportunity to convert-
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The solid waste management market is expected to witness an impressive growth of 2.7% CAGR in the coming years.
Biffa Group (UK), Green Conversion Systems (US), Amec Foster Wheeler (UK), Xcel Energy (US), Recology (US), Hitachi Zosen (Japan), Covanta Holding Corporation (US), Keppel Seghers (Belgium), Plasco Conversion Technologies (Canada), and Wheelabrator Technologies (US) are among the key players in the market.
The solid waste management market size is expected to reach USD 1,391.1 billion in the foreseeable future.
The municipal solid waste segment held the largest share in the market in 2020.
Asia-pacific is expected to grow at a healthy CAGR in the market in the next five years.
Solid Waste Management companies, Solid Waste Management distributors, Municipal companies, Government organizations are the target audience in the market.