Solid Waste Management Market Size to Be Value $340 billion by 2024 | Regional Analysis & Growth Forecast Report

As per a recent industry report put forward by Global Market Insights Inc., Solid Waste Management Market is forecast to register its name in the billion-dollar fraternity down the line of seven years, by exceeding a revenue of USD 340 billion by 2024 over 2019-2024.

Growing adoption of recycling and WTE incineration technique to curb air pollutions along with increasing environmental concern will stimulate the industry growth. Rapid municipal solid waste generation owing to growing population and increasing investment towards industrial sector will further propel the business landscape. According to world health organization, share of urban population is projected to exceed 60% of world population by 2030 from 54% in 2015.

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Escalating generation of municipal and industrial waste along with strict government regulations to minimize the non-hazardous waste disposal will propel the U.S. solid waste management market. The U.S. introduced solid waste disposal act of 1965 to promote the better management of solid waste.

Stringent government regulation to curb greenhouse gas emissions along with growing focus to limit generation of landfill will augment the solid waste management market share. European Union set target to curb greenhouse gas emissions up to 20% by 2020 from 1990 level. Growing adoption of waste treatment facilities including composting, anaerobic digestion, incineration and recycling will further propel the industry growth.

Speaking in terms of regional growth outlook, the European solid waste management market is set to grow at an exponential pace in the years ahead. The ever-increasing inclination toward adopting recycling technologies in the European nations such as UK and Germany, coupled with the introduction of comprehensive directives by government agencies to lower air pollution and land usage shall stimulate the growth potential of solid waste management market.  As per reliable estimates, UK solid waste management industry size is predicted to surpass a total processing capacity of over 35 million tonnes by 2024, the reason being the previous record of the UK having recycled 64 % of its packaging waste in 2014.

In addition, it is noteworthy to mention that the foremost firms partaking in solid waste management market including Biffa Group Ltd, Hitachi, Veolia, Amec Foster Wheeler, E.L. Harvey & Sons, Stericycle among others have been focusing on acquiring upcoming companies to fortify their presence in this industry. The UK-based waste management company, Biffa Group Ltd, for instance, has concluded five acquisitions in the previous financial year. The firm has continued its acquisition spree further by buying out the waste management operations of O’Brien Waste Recycling Solutions Holdings Limited for an estimated 35 million Euros. Meanwhile, many more such mergers and acquisitions are anticipated to materialize in the ensuing years. Apparently, driven by such dynamic competitive portfolio, the global solid waste management market share is bound to traverse a profitable path in the upcoming years. As per a research report compiled by Global Market Insights, Inc., solid waste management market size is forecast to surpass 340 billion by 2024. 

Browse key industry insights spread across 554 pages with 788 market data tables & 10 figures & charts from the report, “solid waste management market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/solid-waste-management-market

Glimpse of Table of Content (ToC)

Chapter 3    Solid Waste Management Industry Insights

3.1    Industry segmentation

3.2    Industry landscape, 2013 – 2024 (USD Billion)

3.3    Industry ecosystem analysis

3.3.1   Vendor matrix

3.4    Regulatory landscape

3.4.1   Philippines

3.4.1.1   Ecological Solid Waste Management Act of 2000 (RA 9003)

3.4.2   India

3.4.2.1   Scope of application

3.4.3   Europe

3.4.4   Indonesia

3.4.4.1   Municipal Solid Waste law

3.4.4.2   National Industrial Policy and Environmental Protection and Management law

3.4.5   U.S.

3.4.5.1   Resource Conservation and Recovery Act

3.4.5.1.1…. 42 U.S.C. §6901 et seq. (1976)

3.4.5.1.2…. Federal Facility Compliance Act of 1992

3.4.5.1.3…. Land Disposal Program Flexibility Act of 1996

3.4.6   Singapore

3.4.7   China

3.4.7.1   Renewable Energy Law

3.4.8   Japan

3.4.8.1   WASTE MANAGEMENT AND PUBLIC CLEANSING LAW

3.4.8.1.1…. Purpose

3.4.9   South Korea

3.4.9.1   Wastes Control Act

3.4.9.2   Act on Promotion of Saving and Recycling of Resources

3.5    Innovation and technology landscape

3.6    Commercial status of WTE plants

3.7    Price trend analysis

3.8    Gate/Tipping fee

3.8.1   Landfill gate fees for the U.S.

3.8.2   Feed-in tariff

3.9    Industry impact forces

3.9.1   Growth drivers

3.9.1.1   Asia Pacific

3.9.1.1.1…. Waste as a source of energy

3.9.1.1.2…. Increasing manufacturing facilities

3.9.1.2   ASEAN countries

3.9.1.2.1…. Large-scale urban migration

3.9.1.3   North America

3.9.1.3.1…. Ongoing adoption of sustainable waste management mechanism

3.9.1.3.2…. Strict government norms toward open dumping

3.9.1.4   Europe

3.9.1.4.1…. Growing inclination towards Municipal Solid Waste management

3.9.1.5   Middle East & Africa

3.9.1.5.1…. Increasing population along with rapid industrialization

3.9.1.6   Latin America

3.9.1.6.1…. High urbanization levels

3.9.2   Industry pitfalls and challenges

3.9.2.1   Lack of investments along with availability of an effective SWM framework

3.10   Porter’s Analysis

3.11   Competitive landscape, 2016

3.11.1    Strategy dashboard

3.11.1.1     Veolia

3.11.1.2     Waste Connections

3.11.1.3     Clean Harbors

3.11.1.4     Waste Management, Inc.

3.12   PESTEL Analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/solid-waste-management-market

 

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