Global Municipal Solid Waste Management Market Overview by Recent Opportunities, Growth Size, Regional Analysis and Forecasts to 2028

The global municipal solid waste management market is anticipated to grow at a significant CAGR of 2.6% during the forecast period (2022-2028). The global municipal solid waste management market is being driven by increasing urbanization around the globe. According to the article published by UNCTAD in June 2021, the global population has grown by 2.5 billion people in the last 30 years. The majority of this growth took place in developing economies, primarily in Asia-Pacific. Further, this global population is expected to increase by 1.9 billion people in the next 30 years. Additionally, according to World Bank estimates, around 2.01 billion tons of municipal solid garbage are generated globally each year.

The Asia-Pacific region is expected to grow fastest during the forecast period with a large number of projects underway. China and India are the major contributing nations to this region due to supportive government initiatives for garbage management. For instance, the Swachh Bharat Mission of the Indian government (SBM) transformed hundreds of millions of people's attitudes toward toilet availability and use, making it one of the largest sanitation campaigns globally. According to the UN, in 630,000 villages, SBM assisted 100 million rural households and 500 million residents in gaining access to toilets.

Moreover, rising concerns about the recycling and treatment of heavy metals found in municipal solid waste will drive up the municipal solid waste management market. Cans, tins, foil, home appliances, non-hazardous aerosol cans, bicycles, and railings are all common sources of metallic debris. These ferrous metals are non-biodegradable and hazardous to microorganisms in nature, necessitating more effective waste treatment. The growing e-waste generation, as well as the adoption of stricter heavy metals and e-waste treatment rules and requirements, will help the industry develop even more.

Digital technologies will increasingly be used in municipal solid waste management which will generate new opportunities for the market. Technological integration, such as GIS, aids in the selection of appropriate municipal solid waste management sites, such as recycling facilities and landfills. GIS also assesses negative environmental effects and suggests prospective landfill sites by taking into account a variety of factors, such as land use, transportation, water resources, urbanization, and terrain.

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Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028

• Segment Covered-
o By Method
o By Source
o By Waste Type

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- A2Z Group, CLEAN HARBORS, INC., Progressive Waste Solutions, Waste Connections, and Covanta Holding Corp., among others.

Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

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Global Municipal Solid Waste Management Market Report by Segment

By Method
• Landfill
• Incineration
• Recycling
• Open Dum
• Others

By Source
• Residential
• Commercial

By Waste Type
• Paper & Paperboard
• Metal
• Plastic
• Food
• Textile
• Others

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This release was published on openPR.