Municipal solid waste management market in U.S. region to witness lucrative growth till 2024, New York to emerge as a lucrative growth avenue | Key Players like Wheelabrator Group, Recology, Hitachi Zosen Corporation, Xcel Energy, Covanta, Veolia
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Municipal solid waste management market in U.S. is predicted to grow over USD 25 billion by 2024. Growing population size on account of increasing number of foreign immigrants across the region will foster the municipal solid waste management market. As per the EPA, during 1960-2016, the population across the region has witnessed a rise of over 75% of which over 40 million were foreign immigrants.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Xcel Energy
4. Clean Harbors
5. Waste Connections
7. Sims Metal Management Limited
8. Wheelabrator Group
10. Hitachi Zosen Corporation
The remuneration graph of municipal solid waste management market in U.S. 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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The recurring efforts of municipalities to enhance public health and environment has been propelling municipal solid waste management market in the U.S. 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. In line with the growing awareness about the rise in municipal solid waste, the organizations involved in environment protection have been encouraging the practices of waste disposal such as waste prevention, composting, and recycling. In this regard, most of the solid waste management companies have been investing in the development of new waste treatment technologies, that has proved to be a pivotal driving force for municipal solid waste management market in U.S..
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. In 2017, landfilling accounted for over 60% of the municipal solid waste management market in U.S. share. Introduction of various anti-dumping norms by respective state and federal authorities will limit the landfilling activities while impeding the industry growth.
The municipal solid waste management market in U.S. 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.
In addition to expanding recycling & composting services in the municipal solid waste management market in U.S., 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.
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:
Introduction of several community based organic reprocessing methods to attain a sustainable economic status will stimulate the municipal solid waste management market across Midwest. For instance, the University of Minnesota has developed a U of M recycle drive which processes over 3,800 tons of recycling products annually, accounting to over 40 % of the total waste generated in the campus.
These above-mentioned trends significantly shed light on the progressive outlook of the municipal solid waste management market in U.S. 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.
Key industry participants in municipal solid waste management market in U.S. include Green Conversion Systems, JOHN WOOD GROUP P.L.C., Xcel Energy, Recology, Hitachi Zosen Corporation, Covanta, Wheelabrator Group, Veolia, Clean Harbors, Sims Metal Management Limited, EL Harvey & Sons, Inc., Waste Connections, SUEZ, The Hoskinson Group, and CP Group.
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