U.S. Municipal Solid Waste Management Market will grow on account of rising environmental concerns along with ongoing development of effective waste treatment technologies. In addition, upsurge in domestic waste generation on account of rapid urbanization will positively enhance the business outlook. In 2015, more than 80% of the country?s population was inhabited in urban cities as compared to 75% in 1990.
These above-mentioned trends significantly shed light on the progressive outlook of the U.S. municipal solid waste management market in the recent years. However, it wouldn’t be wrong to say that China’s ban on import waste has rocked the global solid waste management and recycling industry to gear up for managing their own waste and recycling efforts. It remains to be seen that how the U.S. municipal solid waste management industry will cope with the sudden change in policies as these new accumulating waste loads incur increasingly high rates in managing and recycling waste. Nonetheless, experts believe that as the export market for waste product dries up, the U.S. municipal solid waste management industry will be seen desperately recovering, recycling, and reducing the waste, while surpassing the overall remuneration portfolio of over USD 25 billion market by 2024.
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Municipal solid waste management market across California was estimated over 41 million tons in 2017. Ongoing promotional activities and government measures toward the promotion of various recycling programs including CallRecycle will augment the industry landscape.
The exponentially increasing municipal solid wastes from residential, commercial, and industrial locations across U.S. has promoted the government to implement various waste management strategies. in fact, the U.S. government has deployed numerous resource conservation policies, sanitary landfill projects, and waste-to-energy projects. In addition, the government has also initiated several public health awareness programs to increase the involvement of citizens in MSW management operations including resource recovery, refuse collection, street sweeping, and transportation. The vigorous efforts put by the government as well as citizens have stimulated U.S. municipal solid waste management market trends have generated lucrative opportunities for the leading market players.
Considering the business potential in the solid waste industry across U.S., startup companies have been looking forward to developing new waste management technologies whereas established companies have been looking forward to expanding their already existing portfolio. Waste handling equipment manufacturers have been investing in the development of high-quality, versatile, and durable product ranges. The hefty investments by the hauling companies in the development of roll-off trucks will also have a modest impact on the U.S. municipal solid waste management market.
The remuneration graph of U.S. municipal solid waste management market has witnessed a phenomenal escalation in the past decade, owing to myriad economic & environmental advantages of effective waste management. The burgeoning challenges of solid waste due to tremendous surge in the population in the United States have further compelled the industry players to bring forth innovative, sustainable, and cost-effective approaches of MSW across the country. It has been reported that in general, the waste generation is higher during the strong economic growth of the country and therefore effective solid waste management network forms a significant factor driving the GDP.
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