The municipal solid waste management global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Market Size –
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 in the historic period can be attributed to financial incentives and subsidies for recycling and waste-to-energy projects, increasing emphasis on corporate social responsibility and sustainability, public-private partnerships (PPS), availability of government funding and grants for waste management projects, and growing 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 in the forecast period can be attributed to increased waste generation from consumerism, rapid growth in electronic waste (e-waste), increased focus on zero waste initiatives, rise in construction and demolition waste, and increased focus on environmental regulations. Major trends in the forecast period include innovations such as waste-to-energy technologies, developments in recycling technology, development of biodegradable materials, integration of smart technologies, and advancement of sorting technologies.
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Scope Of Municipal Solid Waste Management Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Municipal Solid Waste Management Market Overview
Market Drivers –
The growing industrialization in developing economies is projected to stimulate the municipal solid waste management market in the future. Industrialization involves the large-scale development of industries, marking the shift from agrarian economies to manufacturing-oriented ones, often driven by technological advancements and substantial changes in economic structures. The rise in industrialization is motivated by goals of economic growth, job creation, and improved infrastructure, as well as the need to diversify economies and enhance living standards through investments and technological innovations. Municipal solid waste management plays a crucial role in supporting industrialization by providing efficient waste disposal and recycling systems, thereby helping to maintain public health and environmental sustainability as urbanization increases. For instance, according to Eurostat, a Luxembourg-based statistical agency, seasonally adjusted industrial production in the European area rose by 0.2% in May 2023, with a 0.1% increase observed in the European Union compared to April 2023. Therefore, the surge in industrialization within developing economies is driving the municipal solid waste management market’s growth through 2023, continuing into 2024, and is expected to further expand by 2028.
Market Trends –
Major companies operating in the municipal solid waste management market are focusing on developing advanced products, such as digital knowledge platforms, to gain a competitive edge in the market. Digital knowledge platforms for solid waste management provide tools and resources to improve the efficiency, effectiveness, and sustainability of waste management practices. For instance, in March 2023, the Association of Southeast Asian Nations (ASEAN), an Indonesia-based inter-governmental international organization, partnered with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, a Germany-based organization, to launch a three-year regional project called Municipal Waste Management Enhancement (AMUSE). ASEAN Municipal Solid Waste Management (AMUSE) aims to improve environmental quality in small and medium-sized cities in the ASEAN region by optimizing waste disposal and recycling. The project includes the development of a new ASEAN-wide digital knowledge platform. This platform will provide sustainable knowledge, training, dialogue formats, and standards for optimizing municipal waste management and recycling for both public and private stakeholders.
The municipal solid waste management market covered in this report is segmented –
1) By Product Or Type: Recycling, Composting, Incineration, Landfill
2) By Waste Type: Paper And Paperboard, Metal, Plastic, Food, Textile, Other Waste Types
3) By Collection: Curbside Collection, Drop-Off Centers, Transfer Stations, Other Collections
4) By Application: Residential, Commercial, Institutional, Industrial
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Regional Insights –
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.
Key Companies –
Major companies in the 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, C&S Waste Solutions, California Waste Solutions Inc., OMNI Conversion Technologies Inc.
Table of Contents
- Executive Summary
- Municipal Solid Waste Management Market Characteristics
- Municipal Solid Waste Management Market Trends And Strategies
- Municipal Solid Waste Management Market – Macro Economic Scenario
- Global Municipal Solid Waste Management Market Size and Growth
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- Key Mergers And Acquisitions In The Municipal Solid Waste Management Market
- Municipal Solid Waste Management Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Municipal Solid Waste Management Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Municipal Solid Waste Management Market, Segmentation By Waste Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Municipal Solid Waste Management Market, Segmentation By Collection, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 75: Clean Harbors Inc. Financial Performance
Table 76: GFL Environmental Inc. Financial Performance
Table 77: Cleanaway Waste Management Limited Financial Performance
Table 78: Casella Waste Systems Inc. Financial Performance
Table 79: Veolia Environnement SA Financial Performance
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