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Global Solid Waste Management Market to be Aided by the Expected Growth in the Global Waste Management Market at a CAGR of 7% Between 2022 and 2027.

According to a new report by EMR titled, ‘Global Solid Waste Management Market Report and Forecast 2022-2027’, the global solid waste management market is being supported by the growing global waste management industry (including hazardous as well as non-hazardous waste), which reached a value of almost USD 392.4 billion in 2020. The global waste management industry is further expected to grow at a CAGR of 7% over the forecast period of 2022-2027 to reach nearly USD 588.8 billion by 2026.

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 Group (Euronext Paris: SEV and Euronext Brussels: SEVB), 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%.

Market Breakup by End Use and Region:

  • The major end-use segments of solid waste management include pharmaceutical, personal products, brewery and distillery, and food and soft drinks.
  • Region-wise, the global solid waste management market can be divided into North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The growing product demand from various end-use segments is driving the growth of the solid waste management market, globally.
  • The growing industrialisation has led to the development of excessive solid waste, further resulting in increased demand for solid waste management globally. 
  • With the rising environmental concern and growing focus on minimising product wastage, the demand for solid waste management has increased as it can transform solid waste into a valuable resource, thus, aiding the market further. 
  • The growing urbanisation and rising disposable incomes, particularly in the emerging economies, are further supporting the industry. 
  • With the rapid advancement in technology, the waste management process has become easier, thus enhancing the market growth.

Key Offerings of the Report:

  • The EMR report gives a detailed overview of the global solid waste management market, providing an insight into the end-uses and regional markets of the product for the periods (2017-2021) and (2022-2027).
  • The report gives the historical (2017-2021) and forecast (2022-2027) price trends of polystyrene (PS), polyethylene (PE), polypropylene (PP), and polyethylene terephthalate.
  • The report assesses the market based on the SWOT and Porter’s Five Forces models.

The major players in the global solid waste management market are Veolia Group, SUEZ Group, URBASER S.A., FCC Environment (UK) Limited, Harden Machinery Ltd., Geocycle, REMONDIS SE & Co. KG, and DS Smith Plc, 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. 

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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