Municipal Solid Waste Management Market Top Trends, Future Analysis & Forecast 2023-2032

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Municipal Solid Waste Management Market is
expected to be USD 162.03 Billion by 2032
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Industry Overview

• Municipal Solid Waste Management Market is poised
  to witness significant growth between 2023 and
  2032, primarily owing to the rising adoption of
  innovative solutions for solid waste disposal.
  Besides, the growing need for sustainable waste
  disposal technologies across the globe will also
  drive the market growth during the foreseeable
  time.
• Additionally, several global cities are seeking
  to modernize their waste management systems to
  enhance their overall efficiency. For instance,
  it was reported that the Vinca landfill in
  Belgrade, Serbia, is getting a makeover. As per
  sources, the mountain trash will become green
  space within a short time span, and the poisonous
  gas that has been emanating from it will also be
  collected to produce electricity. Besides, the
  runoff water from the dump will be collected and
  treated accordingly.
• Overall, the municipal solid waste management
  market has been segmented in terms of source,
  treatment, material, and region.
• Based on source, the residential segment will
  experience significant growth through 2032, which
  will be driven by factors such as increasing
  population and development of residential
  buildings, often leading to mismanaged solid
  waste. According to a report, solid waste
  management is a serious concern for local
  administration due to increasing population in
  urban regions.

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• On the basis of treatment, the open dumping
  segment will witness substantial growth through
  2023-32. Since open dumping is widely preferred
  in the underdeveloped and the developing
  countries, this segment is bound to witness an
  upsurge within the next ten years.
• In terms of material, the plastics segment will
  grow at more than 10 CAGR during 2023-2032. The
  growing implementation of beneficial norms and
  policies toward the protection of the environment
  and human health would push the market growth.
• For instance, in June 2022, the Mangalore City
  Corporation announced implementing Plastic Waste
  Management Rules 2021 that expanded on the
  definition of single-use plastics and now
  includes plastic sticks that are used in ice
  creams, cups, earbuds, and plastic plates. The
  report also added that under the Environmental
  Compensation Board and the Solid Waste Management
  and Sanitation Act, penalties will be issued at a
  rate of USD 61.64 per tonne.
• In the regional context, the North America
  municipal solid waste management market held more
  than 15 market share in 2022.

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Municipal Solid Waste Management Market

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