The global solid waste management market size is projected to gain traction on account of the increasing amount of waste generation, further attributed to the contributions of the residential, commercial, and industrial sectors. Solid waste majorly includes waste plastic products, organic matter, and metal and glass products. As per a recent report by Fortune Business Insights, the market is anticipated to reach USD 366.52 billion by the end of 2027 from USD 285.16 billion earned in 2019. The forecast period is set between 2020 to 2027, and the market is likely to exhibit a CAGR of 3.3%.
Information Source- https://www.fortunebusinessinsights.com/solid-waste-management-market-103045
Companies covered in the solid waste management market are TANA Oy, ALBA Group, Stericycle Inc., Remondis AG & Co. Kg, Covanta Holdings Corporation, Biffa PLC, SUEZ Group, Envac Group, Recology, Advanced Disposal Services, Inc., Republic Services Inc., Hitachi Zosen Corporation, Clean Harbors Inc., Veolia Environment S.A., Waste Management Inc and more players profiled.
Collection Segment to Cover Major Share Owing to its Labor Intensive Activity
The collection segment earned 56.6% share in 2019 and emerged dominant based on the treatment method. This is because the collection of solid waste is completely labor-intensive and is the most crucial part of the process.