Solid Waste Management Market Size, Share, Growth Analysis, By Waste Type(Industrial Waste, Municipal Waste), By Treatment Method(Collection, Processing, Disposal), By Region - Industry Forecast 2024-2031

Solid Waste Management Market size was valued at USD 1777.34 billion in 2019 and is poised to grow from USD 1837.77 billion in 2023 to USD 2483 billion by 2031, growing at a CAGR of 3.4% in the forecast period (2024-2031).

The collection, disposal, and treatment of solid waste that has reached its useful life or is no longer necessary are referred to as solid waste management. Inadequate municipal solid waste disposal can result in unsanitary circumstances, which can cause environmental contamination and outbreaks of vector-borne disease. One of the biggest sources of solid waste is people's houses and places of residence. The rubbish collected at these locations includes food scraps, plastics, paper, glass, leather, cardboard, metals, yard wastes, ashes, and special wastes such major household items like electronics, tyres, batteries, old mattresses, and used oil. The majority of residences have garbage cans where they can dispose of their solid wastes. After being filled, the cans are taken for treatment by a garbage collection business or individual. One of the largest sources of solid waste is known to come from industries. Examples include factories producing both light and heavy goods, building sites, fabrication facilities, canning facilities, power plants, and chemical plants. These businesses generate a variety of hazardous wastes, including household garbage, food waste, packaging waste, ashes, building and demolition waste, special waste, and medical waste. Commercial structures and infrastructure are a new source of solid waste nowadays. Commercial structures and amenities include, but are not limited to, hotels, markets, restaurants, godowns, stores, and office buildings.

US Solid Waste Management Market is poised to grow at a sustainable CAGR for the next forecast year.