Global Municipal Solid Waste Management Market Trends Forecast 2024 - 2033
5 Dec, 2024
What Is The Definition Of The Global Municipal Solid Waste Management Market?
Municipal solid waste management refers to the process of collecting, treating, and disposing of solid waste generated by households, businesses, and institutions within a municipality. Effective municipal solid waste management reduces pollution, conserves resources, and minimizes health risks. It also involves policies and regulations to ensure proper waste handling and the public's participation in waste reduction and recycling efforts.
Municipal Solid Waste Management Global Market Report 2024 provides data on the global municipal solid waste management market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The municipal solid waste management market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
How Is The Market Size And Growth Rate Of The Global Municipal Solid Waste Management Market Projected?
The municipal solid waste management market has seen steady growth, rising from $113.35 billion in 2023 to $118.27 billion in 2024 at a CAGR of 4.3%. This is due to financial incentives for recycling, waste-to-energy projects, and growing demand for sustainable practices. By 2028, the market is expected to reach $140.73 billion, driven by increased waste generation, rising environmental concerns, and advancements in waste sorting and recycling technologies.
What Are The Primary Growth Drivers In The Municipal Solid Waste Management Market?
Industrialization in developing economies is fueling growth in the municipal solid waste management market. As industries expand, efficient waste disposal and recycling become critical to maintaining sustainability and public health. Eurostat reported a rise in industrial production in the European Union in May 2023, emphasizing the growing need for waste management solutions.
Get Your Free Sample Of The Global Municipal Solid Waste Management Market ReportWhat Is The Segmentation Of The Global Municipal Solid Waste Management Market?
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
What Emerging Trends Are Shaping The Municipal Solid Waste Management Market Landscape?
In the municipal solid waste management market, companies are developing digital knowledge platforms to optimize waste management practices. ASEAN, in partnership with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, launched the AMUSE project in March 2023, aimed at improving waste management in ASEAN cities through a digital platform offering training, standards, and sustainable practices for public and private stakeholders.
What Is The Fastest Growing Region In The Municipal Solid Waste Management Market?
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.