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Solid Waste Management Market Trends

Report ID: GMI265
Published Date: Aug 2024
Report Format: PDF

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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.

Authors: Ankit Gupta, Abhishek Chopra

Frequently Asked Questions (FAQ) :

The market size of solid waste management was worth about USD 1.14 trillion in 2023 and is expected to register 2.3% CAGR from 2024 to 2032, owing to the rising urbanization, which increases waste generation and the need for efficient management worldwide.

Solid waste management industry from the food segment is expected to register over 1.5% CAGR from 2024 to 2032, due to the increasing food production and consumption worldwide.

North America solid waste management industry is expected to reach over USD 410 billion by 2032, due to increasing urbanization and industrialization, which lead to more waste and require better waste management solutions in the region.

Biffa, Hitachi Zosen Corporation, Keppel Seghers, OMNI Conversion Technologies, Inc., Recology, Sims Limited, Stericycle, SUEZ, Veolia, Waste Connections, Waste Management, Inc., and Wheelabrator Technologies, Inc., are some of the major solid waste management companies worldwide.