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Municipal Solid Waste Management Market Size
Municipal Solid Waste Management Market was valued at USD 121.2 billion in 2023 and is projected to expand at more than 3.3% CAGR from 2024 to 2032.
A shift from traditional garbage dumping techniques to sustainable and innovative waste disposal models will augment industry expansion. The demand for clean energy has elevated in recent years owing to the need to limit the impacts of climate change. This has led to the utilization of waste as a source of renewable energy wherein waste-to-energy plants burn municipal solid waste (MSW) and convert it into steam which further helps generate electricity through generator turbines.
Technological innovations in waste-to-energy generation would transform the municipal solid waste management industry. According to the U.S. Energy Information Administration, waste-to-energy plants can reduce around 2000 pounds of garbage into ash that weighs nearly 300-600 pounds. The process also lowers the volume of this waste by approximately 87%.
Lack of awareness regarding the benefits of waste management across developing nations would impact the industry to some extent. Several undeveloped countries across Africa and Asia are unaware of garbage treatment and disposal systems. As these systems require high initial investments, they are experiencing lower adoption rates across such countries. However, initiatives to spread awareness regarding the benefits of MSW management systems to improve living standards and health concerns may advocate business progression in the coming years.
| Report Attributes | Details |
|---|---|
| Base Year: | 2023 |
| Market Size in 2023: | USD 121.2 Billion |
| Forecast Period: | 2024 – 2032 |
| Forecast Period 2024 – 2032 CAGR: | 3.3% |
| 2024 – 2032 Value Projection: | USD 162 Billion |
| Historical Data for: | 2019 to 2023 |
| No. of Pages: | 1,050 |
| Tables, Charts & Figures: | 2,026 |
| Segments covered: | Technology, Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Municipal Solid Waste Management Market Analysis
Municipal solid waste management market from the disposal treatment segment is estimated to attain approximately 3% gains between 2023 and 2032. Municipal waste management practices are now moving from open dumping areas to the use of sustainable recycling activities. Open dumping systems have taken a back seat in most developed countries on account of their environmental impact. Lower-income countries across Sub-Saharan Africa, the Middle East and North Africa, and South Asia generally rely on open dumping model, with about 93% of their waste is dumped in open landfills. Strict legal requirements and regulatory practices in several countries should influence industry development.
To Municipal solid waste management market from the commercial source segment is slated to observe nearly 1.5% growth rate through 2032. Robust expansion of the service sector and rapid urbanization in emerging economies will drive the deployment of commercial waste management solutions. The need to meet consumer demand has led businesses to grow their production capacity which has consequently ramped up the generation of waste from the commercial sector. Construction of new production plants as well as commercial spaces will propel the need for advanced MSW management techniques in the years to come.
Municipal solid waste management market size from the paper & paperboard material segment is predicted to witness over 2% CAGR through 2032. There is an increase in paper waste generated impelled by the greater use of organic and paper & paperboard materials in the lower middle- and low-income nations. As per reports, paper makes up nearly 26% of landfills and 33% of municipal waste across the world. Offices across the United States use almost 12.1 trillion sheets of paper in a year. Rising public awareness regarding sustainable waste management techniques and an increase in funding for the creation of cutting-edge paper waste recycling solutions are set to fuel business growth.
Europe municipal solid waste management market is poised to register at more than 3.5% growth rate between 2023 and 2032. This growth is attributed to the implementation of favorable regulatory policies. The region is steadily shifting from primitive collect and dump model and has constructed large-capacity treatment facilities for recycling. Several binding regulations have been stated by the European authorities related to recycling and garbage management. For instance, as per the European Environment Agency, almost 60% of the MSW generated needs to be recycled or prepared for reuse by 2030. This is one of the regulations under the Waste Framework Directive that needs to be followed by every EU Member State individually.
Municipal Solid Waste Management Market Share
Top companies operating in the municipal solid waste management market are
- Cleanaway
- China Everbright Environment Group Limited
- Sims Limited
- Hitachi Zosen Corporation
- Waste Connections
- Biffa
- Covanta Holding Corporation
- SUEZ
- Keppel Seghers
- Wheelabrator Technologies, Inc.
- OMNI Conversion Technologies, Inc.
- Recology
- Clean Harbors, Inc.
- Stericycle
- Waste Management, Inc.
- Veolia
Mounting demand for renewable energy as well as the better disposal and treatment of municipal solid waste will encourage companies to launch new products and services and grow their business operations. In August 2022, Covanta Holding Corporation purchased the California-based environmental management firm Biologic (Biologic Environmental Services & Waste Solutions) to provide all-inclusive trash management services and help broaden its geographic reach into new local markets.
Impact of the COVID-19 pandemic
The COVID-19 pandemic accelerated the demand for waste management systems due to large amounts of medical waste generated during the course of the outbreak. The garbage management and disposal practices were upgraded on account of the increasing pressure on the systems. Solution providers have started focusing on bridging gaps and improving garbage management systems. The pandemic has motivated companies to develop new solutions that reduce the risk of virus transmission through waste as well as tackle the issues faced during the health crisis.
The municipal solid waste management market research report includes in-depth coverage of the industry with estimates & forecasts in terms of “MT” & “USD Million” from 2019 to 2032, for the following segments:
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Market Insights, By Source
- Residential
- Commercial
- Hospitals
- Offices & Institutions
- Hotels
- Others
Market Insights, By Treatment
- Open Dumping
- Disposal
- Landfill
- Recycling
- Incineration/Combustion
- Composting & AD
Market Insights, By Material
- Paper & Paperboard
- Metals
- Plastics
- Food
- Glass
- Others
The above information has been provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- UK
- France
- Germany
- Italy
- Sweden
- Netherlands
- Poland
- Romania
- Russia
- Bulgaria
- Asia Pacific
- China
- Australia
- India
- Japan
- South Korea
- Thailand
- Indonesia
- Malaysia
- Philippines
- Singapore
- Middle East & Africa
- Qatar
- UAE
- Nigeria
- Saudi Arabia
- South Africa
- Latin America
- Brazil
- Argentina
- Chile
- Mexico
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