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Solid Waste Management Market Size - By Waste (Municipal, Industrial), By Treatment (Open Dumping, Disposal), By Material (Paper & Paperboard, Metals, Plastics, Food, Textiles), Regional Outlook & Forecast, 2024 - 2032
Report ID: GMI265
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Published Date: August 2024
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Report Format: PDF
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Premium Report Details
Base Year: 2023
Companies covered: 16
Tables & Figures: 10
Countries covered: 31
Pages: 100
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Solid Waste Management Market Size
Solid Waste Management Market was valued at USD 1.14 trillion in 2023 and is projected to grow at a CAGR of 2.3% from 2024 to 2032, driven by urbanization, which increases waste generation and the need for efficient management.
According to the Environmental Protection Agency (EPA), the United States generated over 290 million tons of municipal solid waste in 2021. Rising environmental awareness and stricter regulations are promoting sustainable practices and recycling. Technological advancements like waste-to-energy solutions and automated sorting systems are also improving efficiency. Economic growth further drives the market, as expanding economies produce more waste, increasing the need for effective waste management systems.
Solid Waste Management Market Trends
The solid waste management industry is experiencing significant transformation driven by increasing urbanization, population growth, and environmental concerns. There is a growing emphasis on sustainable practices, with advancements in recycling technologies, waste-to-energy processes, and composting gaining traction. Governments and organizations are implementing stricter regulations and adopting circular economy principles to minimize waste and enhance resource recovery. Innovations in smart waste management systems, including IoT-enabled sensors and data analytics, are improving operational efficiency and waste tracking. Additionally, there is a rising focus on reducing single-use plastics and promoting biodegradable materials. As these trends evolve, the market is expected to expand with more investments in green technologies and infrastructure development.
Solid Waste Management Market Analysis
The solid waste management industry, specifically focusing on disposal treatment services, is projected to surpass 29 billion tonnes by 2032. This growth highlights the significant advantages of advanced disposal and treatment solutions. These services not only enhance environmental protection by reducing landfill use and minimizing greenhouse gas emissions but also promote resource recovery through recycling and waste-to-energy technologies. Improved disposal and treatment methods contribute to better public health by mitigating hazardous waste impacts and reducing pollution. Moreover, they support sustainable development goals by facilitating efficient waste management practices and fostering circular economy principles, ultimately benefiting both communities and the environment.
The food industry contributes significantly to global solid waste production, and the solid waste management market is projected to expand at a CAGR exceeding 1.5% through 2032, largely driven by waste generated from this sector. This growth is attributed to several factors including increasing food production and consumption worldwide, advancements in waste collection and processing technologies, and heightened regulatory pressures on food manufacturers to manage waste more efficiently. Additionally, growing awareness of environmental sustainability and the push for circular economy practices are encouraging investments in innovative waste management solutions, further propelling market expansion.
North America solid waste management market is expected to exceed USD 410 billion by 2032, driven by increasing urbanization and industrialization, which lead to more waste and require better waste management solutions. According to the U.S. Census Bureau, the urban population in the United States increased by over 9% from 2010 to 2020, contributing to higher waste generation. Strict environmental regulations and rising public awareness about sustainability also support market growth. Additionally, new technologies in waste treatment and recycling are making processes more efficient and less costly. With a growing population demanding effective waste management systems, the market is set for continued growth in the coming years.
The U.S. solid waste management market is driven by rising urbanization, increased waste generation, and stringent environmental regulations. Technological advancements in recycling and waste-to-energy processes, along with growing public awareness about sustainability, further fuel market growth. Additionally, federal and state mandates for waste reduction and proper disposal enhance the demand for innovative waste management solutions.
Solid Waste Management Market Share
Veolia is a major player in the solid waste management industry, known for its significant share due to its extensive global presence and comprehensive waste management solutions. The company excels in waste collection, recycling, and treatment, leveraging advanced technologies and sustainability practices to maintain a leading position in the industry.
Solid Waste Management Market Companies
Major key layers operating across the solid waste management industry are:
Solid Waste Management Industry News
Solid waste management market research report includes an in-depth coverage of the industry with estimates & forecast in terms of volume and revenue in Million Tonnes and USD Million from 2021 to 2032, for the following segments:
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Market, By Waste
Market, By Treatment
Market, By Material)
The above information has been provided for the following regions and countries: