Municipal Solid Waste Management Market To Grow By USD 34.04 Billion | Increase in urban population acts as a key driver | More than 17,000 Technavio reports | national news

NEW YORK, November 19, 2021 / PRNewswire / – Municipal Solid Waste Management Market – Forecast and Analysis Report 2019-2023: The market experienced an annual growth rate of 2.59% at an accelerated CAGR of nearly 3% between 2018 and 2023, according to Technavio.

Revenue-generating segment

  • The landfill segment will represent the highest market share. Efficient landfills have been developed around the world to ensure efficient management of recreational waste and to reduce the negative impact of MSWs on the environment.
  • The increasing volume of DSM generated globally has made landfills the preferred method of waste disposal, especially in developing countries, as other disposal methods such as incineration are expensive. The use of landfills as a method of municipal solid waste disposal is also preferred due to the efficient management of the landfill gas released.

Highlights of revenue generating segments and market analysis insights for the coming years – See a FREE sample

The report is that the market is segmented by disposal method (landfill, incineration, recycling, surface landfill and others) and geography with information on the growth prospects of the market across the APAC, Europe, Middle East and Africa, North America, and South America

Supplier Information

  • The global municipal solid waste management market is very fragmented, and vendors deploy various organic and inorganic growth strategies to compete in the market.
  • The increasing competition in the market forces the suppliers to adopt various growth strategies such as promotional activities and advertising spend to improve the visibility of their products. Some vendors are also adopting inorganic growth strategies such as mergers and acquisitions to stay competitive in the market.
  • For example – In december 2018, China Everbright International Limited acquired a 90% stake in Jiangsu Jiayuan Environmental Technology Company Limited. In june 2018, China Everbright International Limited announced that it has signed a stake purchase agreement with Xuzhou Municipal Engineering Design Institute in Jiangsu Province and its existing shareholders to acquire the entire stake for a cash consideration of $ 12.14 million. Likewise, in October 2018, Hitachi Zosen Vietnam, a subsidiary of the company, has opened a branch in Hanoi. The activities of the branch began on October 1, 2018.

The report analyzes the competitive landscape of the market and offers information about several vendors of the market, including:

  • China Everbright International Limited
  • Hitachi Zosen Corporation
  • Republic Services, Inc.
  • Veolia
  • Waste Management, Inc.

Learn more about the growth strategies adopted by vendors and their product offerings.Read a free sample report.

Geographic market analysis

  • ACPA will represent the highest municipal solid waste management market share of 42% throughout the forecast period.
  • The implementation of several government regulations to ensure the management of MSWs and the protection of human health and the environment in countries such as China is one of the main reasons for the strong growth of the municipal solid waste management market in the region.

Learn more about the geographic spread of this market as well as the detailed analysis of the main regions. https://www.technavio.com/report/global-municipal-solid-waste-management-market-industry-analysis

Key market trends and challenges:

  • The coming years will see the integration of digital technology in the management of MSWs. The integration of technologies such as GIS helps select suitable sites for the management of DSMs, including recycling centers and landfills. The GIS also analyzes negative environmental impacts and identifies potential landfills taking into account various aspects including land use, transportation facilities, water resources, degree of urbanization and topography.
  • In addition, it also prevents environmental damage by establishing buffer zones between landfills and roads and residential areas. The integration of digital technologies will contribute to the effective management of MSW, which will be one of the key trends driving the growth of the municipal solid waste management market during the forecast period.
  • The high operation and maintenance costs of MSW treatment will be one of the major challenges hampering the growth in the size of the municipal solid waste management market.
  • Incineration plants require huge capital investments and involve high operating and maintenance costs. In addition, the operation of incineration plants requires qualified personnel. Therefore, most incineration plants are built and maintained by the vendors themselves during the initial period and then handed over to the customer after some time. In addition, with strict regulations to reduce GHG emissions, the use of flue gas treatment has become mandatory. This also entails additional costs. Likewise, significant costs are associated with the landfill of DSMs.

See a free samplefor highlights on market trends and challenges affecting the municipal solid waste management market.

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MSingle management of solid waste Market scope

Cover of the report

Details

Page number

120

Year of reference

2018

Forecast period

2019-2023

Growth dynamics and CAGR

Accelerate to a CAGR of almost 3%

Market growth 2018-2023

$ 34.04 billion

Market structure

Very fragmented

Annual growth (%)

2.59

Efficient contribution to the market

42% APAC

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

China Everbright International Limited, Hitachi Zosen Corporation, Republic Services, Inc., Veolia and Waste Management, Inc.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period.

Customization overview

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

About Us:

Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library includes over 17,000+ reports, spanning 800 technologies, spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

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