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 growing initiatives of the government to reduce the contamination of water bodies and carbon emissions are most likely to propel the growth of the market over the forecast period. Utilization of the municipal solid waste (MSW) as fuel to generate renewable energy sources through thermal and biological techniques is projected to drive growth opportunities for the future. The increasing preference of the developed countries towards Zero waste generation and waste recycling will surely boost the demand for solid waste management and recycling solutions.
The Global Solid Waste Management Market Market Research Report added by Emergen Research to its expanding repository is an all-inclusive document containing insightful data about the Solid Waste Management Market market and its key elements. The report is formulated through extensive primary and secondary research and is curated with an intent to offer the readers and businesses a competitive edge over other players in the industry.
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Effect of COVID-19 on the global market for Solid Waste Management Market
The COVID-19 pandemic had a significant negative influence on the market for Solid Waste Management Market in 2020, significantly decreasing its CAGR. In 2020, manufacturers and suppliers of Solid Waste Management Market were significantly impacted by federal and national safety and legal orders. The majority of businesses have been impacted by the COVID-19 pandemic. Mandates for business closures, restricted municipal and state government office activities, and social conventions of distance had an impact on the production of Solid Waste Management Market in 2020. Additionally, demand for Solid Waste Management Market decreased across a range of end-use sectors. The pandemic epidemic also resulted in a decline in global investments in the water sector.
Solid Waste Management Market market : Competitive Landscape
The prominent players operating in the Solid Waste Management Market market are profiled in-depth in the report and their strategies, collaborations, and product innovations. The analysis of the key players and their strategies to fortify their presence in the market impart a better understanding of the competitive landscape of the Solid Waste Management Market market .
Covanta Holding Corporation, Hitachi Zosen Corporation, Clean Harbors, Inc, Recology, Cleanaway, Wheelabrator Technologies, Waste Management, Inc., Veolia Environment SA (Veolia), SUEZ, Advanced Disposal Services
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the Global Solid Waste Management Market Market Research Report provides forecasts and future market projections, equipping businesses with the necessary tools to plan ahead. The report’s forward-looking approach, backed by data-driven predictions, ensures that companies can navigate the evolving market landscape with confidence. Through a combination of current market analysis and future outlook, the report serves as an invaluable resource for businesses aiming for long-term success.
Based on types, the market is segmented into
-
Waste Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027)
- Industrial Solid Waste
- Municipal Solid Waste
-
Treatment Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027)
- Collection
- Processing (Recycling, and Anaerobic Digestion)
- Disposal (Landfill & Open Dump and Incineration)
-
Material Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027)
- Plastics
- Metals
- Paper & Paperboard
- Glass
- Food
- Others
Regional Outlook :
The growth of the Solid Waste Management Market Market on a global scale is influenced by region-specific dynamics. North America and Europe lead with technological innovation and solid regulatory environments, though supply chain challenges and compliance issues are present. In the Asia-Pacific region, especially in China and India, rapid urbanization and heightened consumer demand are fueling expansion. Meanwhile, emerging markets in Latin America, the Middle East, and Africa present growth potential, driven by economic reform and investment, yet face significant obstacles in the form of political instability and underdeveloped infrastructure.
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