Research Nester published a report titled “Municipal Solid Waste Management Market: Global Demand Analysis & Opportunity Outlook 2030″ which delivers detailed overview of theglobalmunicipal solid waste management market in terms of market segmentation by source, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The globalmunicipal solid waste management market is anticipated to attain a CAGR of ~2.5% over the forecast period, i.e., 2022 – 2030. The market is segmented on the basis of treatment into open dumping, landfills, recycling, incineration, composting,and others, out of which, the recycling segment is projected to hold the notable share over the forecast period on account of the growing awareness amongst people regarding the side effects of open dumping, and increasing adoption of recycling.
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The globalmunicipal solid waste management market is estimated to grow on the back of growing concerns regarding proper waste management, backed by increasing waste generation. The increasing population is a crucial factor estimated to boost the market growth. The rising environmental awareness amongst people, and growing practices for proper waste management, is estimated to boost the market growth.
On the basis of geographical analysis, the global municipal solid waste management market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the North America region is anticipated to gain the largest market share over the forecast period, on the back of presence of major market players in the region, along with increasing awareness regarding waste management in the region. Moreover, the growing adoption of recycling is estimated to boost the market growth.
The research was global in nature and conducted in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). In addition, areas like Market size, Y-O-Y growth & Opportunity Analysis, market players competitive study, investment opportunities, demand for future outlook etc. have been covered and displayed in the research report to ensure it dives deep to achieve strategic competitive intelligence in the segment.
Increasing Generation of Solid Waste to Boost the Market Growth
According to a report by the World Bank, over 2.01 billion tons of municipal solid waste is generated annually across the world. The growing population is estimated to increase the generation of solid waste. The requirement of proper management of this waste is estimated to boost the market growth. moreover, increasing adoption of environment friendly practices, such as, composting and recycling is also expected to fuel the market growth.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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However, high capital investment is expected to operate as key restraint to the growth of the global municipal solid waste management market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global municipal solid waste management market which includes company profiling of SPML Infra Limited, Attero B.V., Recology Inc., SUEZ SA, Hitachi Zosen Corporation, Waste Connections, Inc., Biffa Waste Services Ltd, Waste Management, L.L.C., Antony Waste Handling Cell Limited, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global municipal solid waste management market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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