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Residential segment is anticipated to grow over USD 200 MT by 2034. Paradigm shift towards more efficient handling of household waste includes originated from both single-family homes and multi-unit residential buildings along with increasing construction of residential establishments will complement the industry landscape. Government authorities have faced increasing challenges in managing municipal solid waste owing to growing population, poor waste disposal practices risk to public health, which will influence the business dynamics. Shifting focus on developing more sustainable and effective waste management solutions to address these pressing concerns will augment the business outlook.
U.S. municipal solid waste management market from landfill segment is anticipated to witness a CAGR of over 1.5% till 2034. Policymakers and regulators across the country are promoting the development of decentralized municipal solid waste management systems in their respective regions and state, augmenting the industry landscape. These systems help address environmental concerns associated with waste disposal and reduce waste quantity at the source. Local community involvement is expected to assist municipalities in implementing effective municipal solid waste management practices in the coming years. Furthermore, the introduction of waste disposal mandates by policymakers is likely to accelerate the industry growth.
The implementation of multiple regulatory mandates and measures to promote sustainable waste disposal practices has contributed to market growth. Many regions are increasing their investments in local recycling and composting/anaerobic digestion (AD) industries. Strong emphasis on implementing advanced waste management technologies and practices coupled with the adoption of stringent regulations discouraging plastic use has significantly impacted paper and paperboard consumption.