Solid Waste Management Market Share & Growth | Forecast 2030
Solid Waste Management Market Share & Growth | Forecast 2030
Segments - Global Solid Waste Management Market by Waste (Municipal Solid Waste and Industrial Solid Waste), Treatments (Open Dumping and Disposal [Landfill, Recycling, Incineration/Combustion, and Composting/Anaerobic Digestion]), Materials (Paper & Paperboard, Metals, Plastics, Food, Glass, and Others), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2021-2028
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| Report ID :EP-3871
| 4.4 Rating
| 78 Reviews
| 215 Pages
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Report Description
The solid waste management market is estimated to register a robust CAGR during the forecast period, between 2021 and 2028. Solid waste management involves collecting and disposing of solid waste resulting from various industrial, municipal, and cooperative activities. Solid waste management contributes to economic development and improves quality of life while reducing or eliminating adverse environmental and health impacts.
Monitoring, collection, transport, processing, recycling, and disposal are some of the processes that are involved in managing municipal waste. Solid waste management is driven by increasing global population, rapid urbanization, industrial boom, environmental impact, and infrastructure development activities throughout the world.
Furthermore, the government's increasing efforts to control solid waste throughout the forecast period is expected to drive the solid waste management market. Waste that is not collected properly and disposed can pose a risk to the environment as poorly managed waste can pollute surface waters and groundwater with leachate. In warmer climate, waste disposed in large quantities can cause a fire risk.
Market Trends, Drivers, Restraints, and Opportunities:
- Rapid industrialization is the key factor propelling the solid waste management market growth.
- The advent of the new technological trends, such as smart waste management, is expected to spur the market.
- Managing solid waste is a long and tedious task and requires high capital and operational cost in terms of waste collection bins, vehicles, and processing equipment. Thus, such factors can restrain the market growth.
- The high requirement of manual labor is also set to hamper the market growth.
- The Government of India’s ‘Swachh Bharat Mission,’ which was launched on October 2, 2014, has brought the municipal solid waste management sector to the forefront of governance.
Scope of the report
The report on solid waste management market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
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Attributes |
Details |
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Report Title |
Solid Waste Management Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Waste (Municipal Solid Waste and Industrial Solid Waste), Treatments (Open Dumping and Disposal [Landfill, Recycling, Incineration/Combustion, and Composting/Anaerobic Digestion]), Materials (Paper & Paperboard, Metals, Plastics, Food, Glass, and Others) |
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Regional Scope |
Asia Pacific, North America, Europe, Latin America, and Middle East & Africa |
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Report Coverage |
Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast |
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Key Players Covered in the Report |
Biffa Group, Green Conversions, Amec Foster Wheeler, Xcel Energy, Recology, Hitachi Zosen, Covanta, and Keppel Segher |
Solid Waste Management Market Segment Insights:
Municipal solid waste segment is projected to hold significant market share
In the terms of waste, the solid waste management market can be bifurcated into municipal solid waste and industrial solid waste. The municipal solid waste segment is projected to hold significant market share. This segment refers to the management of solid waste from residential buildings and societies, public places, streets, commercial buildings, and other institutions.
Municipal solid waste accounts for a large part of universal waste and thus proper management of the same is of paramount importance. Various challenges are associated with municipal solid waste management. These includes unfavorable investment norms and lack of monetary incentives.
Disposal segment is anticipated to account for a substantial share
Based on treatments, the solid waste management market can be bifurcated into open dumping and disposal. The disposal segment can be further divided into landfill, recycling, incineration/combustion, and composting/anaerobic digestion. The latter segment is estimated to grow at a rapid pace due to increasing demand for cost-effective solutions.
Plastics segment is anticipated to grow at a significant pace in the near future
On the basis of materials, the solid waste management market can be segmented into paper & paperboard, metals, plastics, food, glass and others. The plastics segment is estimated to grow at a significant pace in the near future. Solid waste generated by industrial and municipal sources contains a large percentage of plastics. Plastic waste disposal and incineration causes soil erosion, water leaching, and air pollution. Hence, recycling of such materials is becoming the only necessary option to ease the harmful environmental effects, which is estimated to enhance the solid waste management market growth.
Asia Pacific is expected to account a major market share
In terms of regions, the solid waste management market can be classified as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the market due to rising adoption of medieval solid waste management technologies and practices. The World Bank reports, for instance, that in 2016, open dumping and landfilling accounted for over 54% of all treated wastes throughout East Asia.
Many of these companies are deploying advanced waste treatment technologies, such as waste recycling and resource recovery, to expand their solid waste management networks throughout the region.
Segments
By Waste- Municipal Solid Waste
- Industrial Solid Waste
- Open Dumping
- Disposal
- Landfill
- Recycling
- Incineration/Combustion
- Composting/Anaerobic Digestion
- Paper & Paperboard
- Metals
- Plastics
- Food
- Glass
- Others
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
- Biffa Group
- Green Conversions
- Amec Foster Wheeler
- Xcel Energy
- Recology
- Hitachi Zosen
- Covanta
- Keppel Segher
Competitive Landscape
Key players in the solid waste management market are Biffa Group, Green Conversions, Amec Foster Wheeler, Xcel Energy, Recology, Hitachi Zosen, Covanta, and Keppel Segher. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Solid Waste Management Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Solid Waste Management Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Solid Waste Management Market - Supply Chain
4.5. Global Solid Waste Management Market Forecast
4.5.1. Solid Waste Management Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Solid Waste Management Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Solid Waste Management Market Absolute $ Opportunity
5. Global Solid Waste Management Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Solid Waste Management Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Solid Waste Management Demand Share Forecast, 2019-2026
6. North America Solid Waste Management Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Solid Waste Management Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Solid Waste Management Demand Share Forecast, 2019-2026
7. Latin America Solid Waste Management Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Solid Waste Management Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Solid Waste Management Demand Share Forecast, 2019-2026
8. Europe Solid Waste Management Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Solid Waste Management Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Solid Waste Management Demand Share Forecast, 2019-2026
9. Asia Pacific Solid Waste Management Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Solid Waste Management Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Solid Waste Management Demand Share Forecast, 2019-2026
10. Middle East & Africa Solid Waste Management Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Solid Waste Management Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Solid Waste Management Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Solid Waste Management Market: Market Share Analysis
11.2. Solid Waste Management Distributors and Customers
11.3. Solid Waste Management Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Biffa Group
11.4.2. Green Conversions
11.4.3. Amec Foster Wheeler
11.4.4. Xcel Energy
11.4.5. Recology
11.4.6. Hitachi Zosen
11.4.7. Covanta
11.4.8. Keppel Segher
Methodology
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