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With the growing industrialisation, the generation of solid waste has increased rapidly, resulting in an increased demand for waste management services. While Western Europe, North America, and some parts of Asia Pacific, such as Japan, Australia, and Hong Kong, represent the high maturity market in the global solid waste management market, the Asia Pacific and parts of Latin America are the emerging markets for solid waste management services. The regions with medium market maturity levels are Eastern Europe, Canada, Singapore, and New Zealand. The latest development in the solid waste management industry is the breakdown of organic waste using anaerobic process, further converting it to biogas. In Europe, the process of anaerobic breakdown is utilised to treat almost 25% of organic waste is the region.
With the rapid advancements in technology, the industry is witnessing an increased adoption of advanced methods, which are cost-efficient as well, thus, providing a further boost to the global solid waste management industry. In December 2020, Suez SA (OTCMKTS: SZEVY), a key player in the industry, announced that SITREVA, an inter-community syndicate for the treatment and recovery of waste, renewed its partnership with the company for the management of the waste-to-energy plant in Ouarville, France, for 8 years, worth a total turnover of EURO 109 million. This new contract involves the deployment of the latest technology, including digital solutions, improving the energy and environmental performances of the site, wherein the plant’s green electricity production capacity will be increased by 9%.
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The major players in the global solid waste management market are Veolia Group, Suez SA, Remondis, Urbaser Ltd, FCC Environment Limited, Waste Management, Inc., DS Smith, CEAMSE, and Geocycle, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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