What Has Been the Progress and Growth of the Municipal Solid Waste Management Market in Recent Years?
The municipal solid waste management market has seen considerable growth due to a variety of factors.
• The municipal solid waste management market has grown steadily. It will increase from $118.27 billion in 2024 to $123.74 billion in 2025 at a CAGR of 4.6%.
Growth can be attributed to financial incentives for recycling, more public-private partnerships, the availability of government funding for waste management projects, and growing consumer demand for sustainable products.
What Can Be Expected from the Municipal Solid Waste Management Market Size?
The municipal solid waste management market is expected to maintain its strong growth trajectory in upcoming years.
• The municipal solid waste management market is expected to grow to $146.69 billion by 2029, with a CAGR of 4.3%.
The growth is attributed to increased waste generation, e-waste growth, focus on zero waste initiatives, construction waste, and environmental regulations. Key trends include waste-to-energy technologies, recycling advancements, biodegradable materials, smart technologies, and sorting technology innovations.
What Are the Critical Driver Fuelling The Municipal Solid Waste Management Market's Growth?
The growing industrialization in developing economies is expected to boost the municipal solid waste management market. Industrialization brings significant economic growth and infrastructure development but also increases waste. Effective waste management systems are necessary to sustain public health and environmental standards. According to Eurostat, industrial output in the Euro area increased by 0.2% in May 2023, signaling industrial growth and a greater need for waste management.
How Is The Municipal Solid Waste Management Market segmented?
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
Subsegments:
1) By Recycling: Paper Recycling, Plastic Recycling, Metal Recycling, Glass Recycling, E-Waste Recycling, Textile Recycling
2) By Composting: Organic Waste Composting, Green Waste Composting, Food Waste Composting
3) By Incineration: Waste-To-Energy (WTE) Incineration, Non-Waste-To-Energy Incineration, Hazardous Waste Incineration
4) By Landfill: Sanitary Landfill, Open Dumping, Hazardous Waste Landfill
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What New Trends Are Influencing The Municipal Solid Waste Management Market?
Leading corporations in the municipal solid waste management sector are prioritizing the creation of innovative merchandise like digital knowledge platforms to maintain their competitive advantage. These platforms for managing solid waste offer tools and strategies to amplify the efficiency, effectiveness, and sustainability of waste management protocols. For example, in March 2023, the Association of Southeast Asian Nations (ASEAN), an inter-governmental international organization based in Indonesia, collaborated with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, a German organization, to initiate a three-year regional initiative known as Municipal Waste Management Enhancement (AMUSE). The goal of ASEAN Municipal Solid Waste Management (AMUSE) is to boost environmental quality in ASEAN's smaller and medium-sized cities by refining waste disposal and recycling practices. The initiative incorporates the creation of a new digital knowledge platform that spans ASEAN. This will provide enduring knowledge, training, dialogue formats, and standards to enhance municipal waste management and recycling for both public and private entities.
Who Are the Key Players In The Municipal Solid Waste Management Market?
Major companies operating in the municipal solid waste management 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.
What Is The Most Dominant Region In The Municipal Solid Waste Management Market?
Asia-Pacific was the largest region in the municipal solid waste management market in 2024. 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.
