to its collection. The report studies vital factors about the market that are essential for existing players as well as new market entrants. The report throws light on the critical elements such as market share, profitability, supply chain, production, sales, upcoming technologies, key market players, regional segmentation, and many more aspects related to the Solid Waste Management Market.
The years considered in this report to estimate the market size of the market are:
• History Year: 2016-2019
• Forecast Year: 2021 to 2026
The key players covered in this report are –
· Biffa Group (UK)
· Green Conversion Systems (US)
· Amec Foster Wheeler (UK)
· Xcel Energy (US)
· Recology (US)
· Hitachi Zosen (Japan)
· Covanta Holding Corporation (US)
· Keppel Seghers (Belgium)
· Plasco Conversion Technologies (Canada)
· Wheelabrator Technologies (US)
The Solid Waste Management market is projected to grow from USD 1,184.6 billion in 2020 to USD 1,391.1 billion by 2026 at a CAGR of over 2.7% during the forecast period. Declining public health & productivity, contamination of water bodies, and airborne emissions are some of the key issues associated with the mismanagement of solid waste. Growing urbanization along with a steady increase in the global population has ticked up the implementation of solid waste management processes for discarded products while maintaining the social, technical, and economic feasibility of the treatment practices. Ongoing efforts toward resource recovery and the increasing demand for integrated solid waste management practices across urban agglomerates will augment the market growth.
Based on waste type, the global solid waste management market has been classified into municipal solid waste and industrial solid waste. Under these, the municipal solid waste segment held the largest market share in 2020 and is likely to grow at a considered CAGR during the forecast period. The demand for municipal solid waste management is growing across the residential sector owing to rapid urbanization along with rising consumer spending toward manufactured goods, thereby bolstering the segment growth.
By region, the Asia Pacific market held a significant market share in 2020 and is projected to grow at a healthy CAGR in the coming years. This is mainly ascribed to the rapidly growing population, a large presence of a strong manufacturing sector, and rising consumer spending. This resulted in an expansion of the existing waste collection & treatment facilities to improve its efficiency and effectively manage the solid waste, which further proliferates the regional market growth.
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