Municipal Solid Waste Management Market in United States Growth Outlook Key Players: Clean Harbors, Veolia, Covanta, Xcel Energy, Recology, Hitachi Zosen Corporation, Wheelabrator Group, Sims Metal Management Limited, SUEZ, Waste Connections

According to a new research report by the market research and strategy consulting firm, Global Market Insights, Inc, the Municipal Solid Waste Management Market in United States will surpass USD 25 Billion by 2024. Increasing population on account of significant surge in the number of foreign immigrants will stimulate the municipal solid waste management market. According to the EPA from 1960-2016, the region population has surged by over 75% from which more than 40 million are foreign immigrants.

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Municipal Solid Waste Management Market in United States is predicted to grow at 4% CAGR from 2018 to 2024, and will exceed USD 25 Billion by 2024. Increasing population on account of significant surge in the number of foreign immigrants will stimulate the municipal solid waste management market. According to the EPA from 1960-2016, the region population has surged by over 75% from which more than 40 million are foreign immigrants.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Veolia
2. Waste Connections
3. Clean Harbors
4. Hitachi
5. Covanta
6. Xcel Energy
7. Recology
8. SUEZ
9. Zosen Corporation
10. Wheelabrator Group
11. Sims Metal Management Limited

Paper & paperboard trash accounted for over 26% of the municipal solid waste management market in United States share. Flourishing packaging industry coupled with rising application for recycled paper will tend to drive industry growth. Plastic waste is anticipated to witness substantial growth of over 4% by 2024. Surging applications across household end consumers will augment the municipal solid waste management market. In addition, increasing demand for low cost durable items will uplift its end consumption which in turn will raise its recycling business.

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Development of various community based organic recycling approaches to achieve a sustainable economic status will tend to drive the Midwest MSW management market. The University of Minnesota is running U of M recycling drive under which annually more than 3,800 tons of recyclable materials has been processed which is over 40% of total MSW generated in campus.

North east region on account of its high commercial bases and large urban population is anticipated to witness significant growth of over 6% by 2024. As of 2017, more than 85% of the region’s population were residing in the urban area which is accelerating the industry revenue substantially.

In addition to expanding recycling & composting services in the municipal solid waste management market in United States, it is noteworthy to mention that the paper and paperboard trash accounted for a considerable 26% market share in 2017. Rapid progress of the packaging industry coupled with rising application of recycled paper and paperboard are expected to drive demand.

Currently, the U.S. government has changed its focus toward the adoption of waste-to-energy initiatives. In fact, waste-to-energy programs has emerged as future of U.S. municipal solid waste disposable framework. The increasing use of waste-to-energy for disposing trash will result into rise in power generation and pollution control.

For in record, in 2016, in U.S., approximately 14 billion KW electricity has been generated by burning nearly 30 million tons of combustible municipal solid waste, among which more than 50% electricity had been generated from biomass material. The burning reduces more than 80% of MSW volume and also leads to controlling the increasing landfills. The surging use of MSW for producing energy at waste-to-energy plants across U.S. to reduce landfills is poised to enhance municipal solid waste management market over the years ahead.

Browse key industry insights spread across 470 pages with 706 market data tables & 28 figures & charts from the report, U.S. Municipal Solid Waste Management Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/us-municipal-solid-waste-management-market

The remuneration graph of municipal solid waste management market in United States 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.

Increasing domestic consumption pattern with rising purchasing power will significantly accelerate the municipal solid waste management market in United States. As per Bureau of Labor Statistics average annual expenditures per consumer for 2017 was valued over USD 60,060 which is 4.8% increase from 2016 level.

New York recycling and composting municipal solid waste management market in anticipated to exceed over USD 450 million by 2024. Government favorable norms to encourage sustainable trash management will complement the business outlook. The department of sanitation has availed comprehensive list for various recyclable materials and their detailed recycling information in their website along with their weekly pickup.

The recurring efforts of municipalities to enhance public health and environment has been propelling municipal solid waste management market in United States in share over the last few years. Statistically, nearly five years before, Americans had generated approximately 250 million tons of trash out of which more than 30% of municipal waste had been recycled. The remaining solid waste however has been leading to an increase in the landfills that have raised concerns among the administrative and regulatory bodies.

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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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