USD 118.9 billion
Municipal Solid Waste Management Market Size, Share, Growth Analysis, By Source (Residential, Commercial), By Treatment (Open Dumping, Disposal), By Material (Paper & Paperboard, Food), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20L2036 |
Region:
Global |
Published Date: November, 2024
Pages:
157
|Tables:
69
|Figures:
70
Municipal Solid Waste Management Market Insights
Municipal Solid Waste Management Market size was valued at USD 117.33 billion in 2022 and is poised to grow from USD 121.20 billion in 2023 to USD 157.15 billion by 2031, growing at a CAGR of 3.30% in the forecast period (2024-2031).
The municipal solid waste management market is a critical aspect of urban planning and environmental sustainability. It involves the collection, transportation, treatment, and disposal of solid waste generated by households, commercial establishments, and institutions within a municipality. With rapid urbanization and population growth, the management of solid waste has become a pressing global challenge.
Efficient municipal solid waste management is crucial to minimize environmental pollution, conserve natural resources, and promote public health and safety. It encompasses various methods, including waste segregation, recycling, composting, waste-to-energy conversion, and landfilling. The choice of waste management strategies depends on factors such as waste composition, available resources, infrastructure, and regulatory frameworks.
Governments, municipalities, and private companies play significant roles in developing and implementing waste management systems. Sustainable waste management practices are gaining prominence, driven by growing environmental awareness and stringent regulations to reduce landfilling and promote circular economy principles.
The market for municipal solid waste management is witnessing technological advancements, such as smart waste collection systems, data analytics, and waste-to-energy technologies. Additionally, public-private partnerships and community engagement initiatives are increasingly being employed to improve waste management efficiency.
Despite the progress, challenges remain, including inadequate infrastructure, limited financial resources, and behavioral changes required for effective waste management. Governments and stakeholders worldwide are actively seeking innovative and holistic solutions to address these challenges and create a more sustainable future for solid waste management.
US Municipal Solid Waste Management Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Residential
Fastest Growth
Residential
Growth Rate
3.5% CAGR
Global Municipal Solid Waste management market ($ Bn)
Country Share for Europe Region (%)
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Municipal Solid Waste Management Market Segmental Analysis
Global Municipal Solid Waste Management Market is segmented by Source, by Treatment, by Material, and by Region. Based on Source, the market is segmented into Residential, Commercial. Based on Treatment, the market is segmented into Open Dumping, Disposal. Based on Material, the market is segmented into Paper & Paperboard, Metals, Plastics, Food, Glass, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Municipal Solid Waste Management Market Analysis By End User
The waste management market is divided into two main segments: industrial waste and municipal waste. Industrial waste is the largest and fastest-growing segment, primarily driven by rapid industrialization in developing economies. Stringent government regulations compel manufacturers to dispose of industrial waste properly, increasing the demand for efficient waste management services. Moreover, the growing emphasis on material recycling and circular economy practices to achieve sustainability goals further fuels the demand for proper industrial waste management.
Within the municipal waste segment, there are various categories such as organic matters, paper, plastic, glass & metal, and other types of waste. The segment is expected to see potential growth opportunities due to rapid urbanization worldwide. According to the United Nations' 2018 Revision of the World Urbanization Prospects, over 55% of the global population resided in urban areas in 2018, and this percentage is projected to rise to 68% by 2050. As urbanization continues, the need for effective municipal waste management services is set to increase.
Municipal Solid Waste Management Market Analysis By Category
The waste management market is classified based on treatment methods, including collection, processing, and disposal. Among these, the collection segment emerged as the largest revenue generator in 2019. It involves labor-intensive activities and constitutes a significant portion of total expenses in waste management. The collection process is complex, requiring optimized selection of routes and the use of appropriate equipment.
The disposal segment held the second-largest share, with landfilling & open dump and incineration as its subcategories. Landfilling & open dump is widely used for disposing of both industrial and municipal solid waste. Modern landfill operations are carefully managed to ensure safe handling of waste and, in some cases, the possibility of transforming degraded land into recreational areas. The processing segment is further divided into recycling and composting. Recycling accounted for the largest share as processed waste is recycled to meet sustainability goals and provide economic benefits through raw material recovery. Recycling also reduces the burden on landfilling and incineration, contributing to environmental preservation. Overall, efficient waste management practices across these treatment methods are crucial for promoting sustainable and environmentally responsible practices.
Global Municipal solid waste management market By Source
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Municipal Solid Waste Management Market Regional Insights
Europe held the largest market share in 2022 due to its status as a high-income region with well-established solid waste treatment systems. European countries boast high waste collection rates, supported by a large presence of waste-to-energy plants, numbering over 500. Moreover, the European Union has implemented comprehensive legislation to enhance waste management and reduce greenhouse gas emissions, driving the demand for waste management services in the region. North America recorded the second-largest market share, with the United States leading in 2021 and projected to grow at a rate of 2.6% during the forecast period. The U.S. is a significant producer of solid waste and boasts an impressive waste collection rate exceeding 98%. The well-established collection, processing, and disposal methods, along with the presence of major waste management companies, including Waste Management Inc., Clean Harbors Inc., and Covanta Holdings Corporation, contribute to the country's leading position in the global market.
Asia Pacific emerged as the third-largest market in 2022 and is projected to be the fastest-growing region at a CAGR of 4.2% during the forecast period. China is the largest shareholder in the region, followed by India. Rapid industrialization and population growth in these countries are driving market growth, despite their comparatively lower waste collection rates compared to developed economies. Strict government waste treatment regulations and the high penetration of waste management systems in developed countries like Japan, South Korea, and Australia are also contributing to market expansion in the region.
Global Municipal solid waste management market By Geography
- Largest
- Fastest
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Municipal Solid Waste Management Market Dynamics
Municipal Solid Waste Management Market Drivers
Increasing Awareness About Benefits of Waste Management
With an increasing availability of solid waste information, people have become more aware of the impact of hazardous waste handling on human health and the environment. Proper waste management offers numerous benefits, including environmental, health, social, and economic advantages. It helps improve the aesthetics of the environment and conserves natural resources by reducing air, water, and soil pollution. Effective waste cleaning also curbs the spread of vector-borne diseases and enhances personal hygiene.
- Furthermore, waste management plays a significant role in mitigating climate change by reducing emissions of harmful greenhouse gases like methane and carbon monoxide, thus addressing the serious issue of global warming. Recycling useful waste materials promotes the conservation of raw materials, eases the economic burden, and supports community development goals.
- Notably, organizations like the International Solid Waste Association are actively generating awareness in developing countries in Asia and Africa through public campaigns, highlighting the benefits and necessity of waste management. This growing awareness is expected to drive the market's growth during the forecast period
Municipal Solid Waste Management Market Restraints
High Operating Costs
- Solid waste management is a multifaceted and resource-intensive process, necessitating substantial investment in waste collection vehicles, bins, and processing equipment. Managing waste requires a larger workforce to handle diverse responsibilities across various locations, which can pose challenges in retaining motivated staff for seamless operations. Additionally, the proper handling of solid waste is crucial to prevent pollution of land and water resources, demanding the expertise of trained workers. Consequently, the operating costs of the entire waste management operation increase due to the need for skilled labor and careful handling procedures.
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Municipal Solid Waste Management Market Competitive Landscape
The municipal solid waste management market boasts a competitive landscape with a diverse range of players vying for market share. Key players in the industry include waste management companies, technology providers, and government bodies. These companies compete on various factors such as technological advancements, service offerings, pricing, and sustainability initiatives. Advancements in waste-to-energy technologies, recycling processes, and data analytics are also driving competition among the players. Government bodies and local authorities also play a significant role in the municipal solid waste management market. They formulate waste management policies, regulations, and contracts with private sector players to ensure effective waste management practices within their jurisdictions. As the demand for sustainable waste management solutions increases, companies are also focusing on environmentally-friendly practices, waste reduction, and resource recovery to gain a competitive edge. Partnerships and collaborations between waste management companies and technology providers are also becoming more prevalent to offer comprehensive waste management solutions to customers.
Municipal Solid Waste Management Market Top Player’s Company Profile
- Cleanaway
- China Everbright Environment Group Limited
- Sims Limited
- Hitachi Zosen Corporation
- Waste Connections
- Biffa (ECP)
- Covanta Holding Corporation
- SUEZ
- Keppel Seghers
- OMNI Conversion Technologies, Inc.
- Recology
- Clean Harbors, Inc.
- Waste Management, Inc.
- Veolia
- Bingo Industries Limited (MIRA)
- Casella Waste Systems, Inc.
- Republic Services
- Synergy Waste Management Pvt. Ltd.
Municipal Solid Waste Management Market Recent Developments
- In September 2021, Waste management companies are increasingly incorporating advanced technologies such as IoT (Internet of Things), AI (Artificial Intelligence), and data analytics to optimize waste collection routes, improve operational efficiency, and enhance waste sorting and recycling processes.
Municipal Solid Waste Management Key Market Trends
- Smart Waste Management is Boosting Market: The implementation of smart waste management services has initiated a new technological trend in the market. Conventional waste collection methods often rely on predefined routes, leading to inefficiencies and unnecessary resource wastage. The introduction of Internet of Things (IoT) based technologies offers a more optimized approach to waste collection. These technologies enable better waste filling pattern identification, driver schedule optimization, and ultimately, reduced operational costs. With the decreasing cost of sensors, IoT-based waste collection bins are expected to become a viable and smart solution for waste management in the near future. This shift towards smart waste management is poised to bring significant advancements and efficiency to the industry.
Municipal Solid Waste Management Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to global municipal solid waste management market analysis, the escalating urbanization in regions such as Asia-Pacific, particularly in China and India, where increasing population and industrialization result in higher waste generation is a prime growth driver. The market is segmented based on waste type into industrial and municipal waste, with the industrial waste segment growing due to stringent government regulations on proper disposal. The collection, processing, and disposal methods are the key segments in the treatment process. North America holds a significant market share due to well-established waste management practices. Overall, the market is fueled by the need for sustainable waste management solutions amid growing environmental concerns.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 117.33 billion |
| Market size value in 2031 | USD 157.15 billion |
| Growth Rate | 3.30% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Municipal Solid Waste Management Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Municipal Solid Waste Management Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Municipal Solid Waste Management Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Municipal Solid Waste Management Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Municipal Solid Waste Management Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Municipal Solid Waste Management Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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