Annual capacity of solid waste disposal market to hit 4.5 billion tons by 2024
SELLBYVILLE, Del., July 24, 2018 /PRNewswire-iReach/ -- According to a latest research report by Global Market Insights, Inc. " Solid Waste Disposal Market is predicted to reach a revenue of USD 340 billion by the end of forecast period." Ongoing adoption of optimized treatment techniques coupled with rising environmental concerns will drive the solid waste management market size. Increasing generation of municipal solid waste owing to large scale urbanization will stimulate the industry growth. As per the United Nations Department of Economic and Social Affairs, share of urban population across the globe is projected to reach 66% by 2050 when compared with 52% in 2014.
U.S. solid waste disposal market is set to reach over 400 million tons by 2024. Increasing generation of industrial and municipal waste coupled with stringent regulations to eradicate the disposal of non-hazardous leftovers will fuel the business. The Land Disposal Program Flexibility Act of 1996 facilitates regulatory flexibility for the land disposal of specific wastes.
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Shifting focus toward reduction of landfills along with government regulations to reduce GHG emissions will foster the solid waste management market. Adoption of advanced waste treatment facilities including recycling, incineration, composting and anaerobic digestion will further complement the business outlook. In 2015, Walmart announced to achieve the target to use 3 billion pounds of recycled plastics for its packaging and products by 2020.
Collection solid waste disposal market is projected to witness appreciable growth owing to introduction of strict regulatory norms to limit landfills. Government measures to encourage the collection of recycling waste for the treatment facilities will boost the product penetration. The Ministry of Environment, Heritage and Local Government issues waste collection permit regulation for single region and multi-region waste collection across Europe.
Germany solid waste disposal market is set to grow over 1.5% owing to favorable government initiatives along with high end technology adoption by management services. The Waste Management Act of 1972, states that reuse and recycling are given priority over other disposal methods as they are cost saving methods.
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Qatar solid waste disposal market is set to surpass USD 1 billion by 2024. Paradigm shift in population demographics along with economic expansion and growing industrialization will positively impact the industry growth. As per Qatar Economic Outlook, the country has witnessed 3.3% economic growth in 2017 with an expectation to reach 3.6% by 2018.
Increasing urbanization coupled with deterioration of environment to support industrial development will augment the china solid waste disposal market. Robust increase in municipal waste owing to rapid population growth will further complement the industry outlook. As per National Bureau of Statistics of China, the country has witnessed a population growth of 0.53% in 2017 as compared to last year.
Buy this industry insights spread across 554 pages with 788 market data tables & 10 figures & charts from the report, "Solid Waste Management Market Size By Waste (Municipal Solid Waste, Industrial Solid Waste), By Service (Collection, Disposal (Landfills, Recycling, WTE Incineration, Composting and Anaerobic Digestion, Others)), By Source (Residential, Industrial, Commercial (Hospitals, Government Building, Hotels, Others), Institutional, Others), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Sweden, China, India, Japan, South Korea, Australia, ASEAN (Thailand, Indonesia, Malaysia, Philippines, Singapore), Qatar, UAE, Nigeria, South Africa, Brazil, Argentina, Chile), Application Potential, Competitive Market Share & Forecast, 2017 – 2024" in detail along with the table of contents:
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Chapter 3 Solid Waste Management Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 – 2024 (USD Billion)
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.4 Regulatory landscape
3.4.1 Philippines
3.4.1.1 Ecological Solid Waste Management Act of 2000 (RA 9003)
3.4.2 India
3.4.2.1 Scope of application
3.4.3 Europe
3.4.4 Indonesia
3.4.4.1 Municipal Solid Waste law
3.4.4.2 National Industrial Policy and Environmental Protection and Management law
3.4.5 U.S.
3.4.5.1 Resource Conservation and Recovery Act
3.4.5.1.1.... 42 U.S.C. §6901 et seq. (1976)
3.4.5.1.2.... Federal Facility Compliance Act of 1992
3.4.5.1.3.... Land Disposal Program Flexibility Act of 1996
3.4.6 Singapore
3.4.7 China
3.4.7.1 Renewable Energy Law
3.4.8 Japan
3.4.8.1 WASTE MANAGEMENT AND PUBLIC CLEANSING LAW
3.4.8.1.1.... Purpose
3.4.9 South Korea
3.4.9.1 Wastes Control Act
3.4.9.2 Act on Promotion of Saving and Recycling of Resources
3.5 Innovation and technology landscape
3.6 Commercial status of WTE plants
3.7 Price trend analysis
3.8 Gate/Tipping fee
3.8.1 Landfill gate fees for the U.S.
3.8.2 Feed-in tariff
3.9 Industry impact forces
3.9.1 Growth drivers
3.9.1.1 Asia Pacific
3.9.1.1.1.... Waste as a source of energy
3.9.1.1.2.... Increasing manufacturing facilities
3.9.1.2 ASEAN countries
3.9.1.2.1.... Large-scale urban migration
3.9.1.3 North America
3.9.1.3.1.... Ongoing adoption of sustainable waste management mechanism
3.9.1.3.2.... Strict government norms toward open dumping
3.9.1.4 Europe
3.9.1.4.1.... Growing inclination towards Municipal Solid Waste management
3.9.1.5 Middle East & Africa
3.9.1.5.1.... Increasing population along with rapid industrialization
3.9.1.6 Latin America
3.9.1.6.1.... High urbanization levels
3.9.2 Industry pitfalls and challenges
3.9.2.1 Lack of investments along with availability of an effective SWM framework
3.10 Porter's Analysis
3.11 Competitive landscape, 2016
3.11.1 Strategy dashboard
3.11.1.1 Veolia
3.11.1.2 Waste Connections
3.11.1.3 Clean Harbors
3.11.1.4 Waste Management, Inc.
3.12 PESTEL Analysis
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/solid-waste-management-market
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