Published Date: April 24, 2020
United States Municipal Solid Waste Management Market size is set to exceed USD 16 Billion by 2026, as reported in the latest study by Global Market Insights Inc.
Municipal solid waste (MSW) is the daily solid trash discarded from commercial & residential sectors. The waste composition generally consists of furniture, grass clippings, bottles packaging, clothing, appliances, food scraps, newspapers, and other daily use items from businesses, households, hospitals, hotels, institutions, and other establishments.
The municipal solid waste management market demand in the U.S. is undergoing significant growth due to surging population index and growing rate of urbanization. Introduction of several initiatives by respective federal & state governments including the U.S. - Mexico Border 2020 Waste Program is accelerating the infiltration of advanced municipal solid waste management and handling activities, thereby complementing the market growth.
The market size of the U.S. municipal solid waste management is increasing at a substantial rate owing to growing investments toward recycling & disposal of waste volumes from commercial sector. Introduction of stringent waste treatment policies pertaining to commercial municipal solid waste management practices will further surge the market revenue.
However, the U.S. economy has recently been affected by the outbreak of COVID – 19 at an exponential rate. In order to reduce the overall impact, majority of the state governments have initiated full scale lockdowns obligating its residents to stay indoors which in turn has severely impacted the commercial municipal solid waste management sector.
The waste generated across the commercial sector has decreased due to closures of the business & retail centers, government & education institutions, and the hospitality establishments. However, the waste generated across the medical sector is growing on account of the large-scale hospitalization of population suffering from corona virus. In addition, strong focus toward efficient waste treatment generated from commercial establishments, most notably the medical sector will drive the market size.
Browse key industry insights spread across 2,500 pages with 3218 market data tables & 38 figures & charts from the report, “U.S. Municipal Solid Waste Management Market By Source (Residential, Commercial {Hospitals, Offices & Institutions, Hotels, Others }), By Treatment (Open Dumping, Disposal {Landfill, Recycling, Incineration/Combustion, Composting & AD}), By Material (Paper & Paperboard, Metal, Plastic, Food, Wood, Textile, Yard Trimmings, Others), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026”in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/us-municipal-solid-waste-management-market
Waste material composition comprises of different types of discarded materials including paper & paperboard, food, plastic, and textiles among others. The process of waste disposal & treatment utilized for waste materials is determined by the assessment of waste composition. The industry size of municipal solid waste management from food waste is anticipated to witness strong growth on account of rising investments toward developing various sustainable trash management practices along with ongoing innovation by market participants across the market landscape.
Some of the highest waste generating states across the South Atlantic. includes Florida, Georgia, Virginia, and North Carolina. Over the last three decades, the economy of the region has picked up drastically with a boom in its manufacturing & service sector along with the tourism industry. This has significantly boosted the revenue of municipal solid waste management sector across the region.
Over the recent past, Florida has emerged as one of the highest waste-generating states in the U.S. owing to its high population index and its heavy tourism footprint. The state’s annual MSW generation was over 30 million tons in 2019. The introduction of stringent regulations pertaining to the illegal dumping of waste will complement the municipal solid waste management market growth in Florida.
Introduction of various regulatory programs pertaining to waste facilities & pollutant storage systems and non-regulatory activities including financial & technical assistance for recycling & waste reduction will further compliment the regional market outlook. Moreover, strong government focus toward suitable waste disposal practices along with ongoing technical & financial support by the state government will drive the market size.
Key players operating across U.S. municipal solid waste management market comprise of SUEZ, Waste Management, Inc., Veolia, and Recology amongst others. Strategic acquisitions and adoption of advanced waste treatment solutions are some of notable strategies followed by key market participants.
Ankit Gupta, Aditya Singh Bais