Municipal Solid Waste Management Market Analysis

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.