Jan 27, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Multiple Solid Waste Management Market.
It was estimated prior to this unanticipated outbreak that the Multiple Solid Waste Management Market is likely to witness a CAGR of 1.8% during the forecast period. The major driving factor contributing to the demand for multiple solid waste management is the rising urban population along with growing disposable incomes.
Multiple Solid Waste Management is the proper management of solid wastes that consists of everyday items we use and then throw away, such as product packaging, grass clippings, furniture, clothing, bottles, food scraps, newspapers, appliances, paint, and batteries.
Multiple Solid Waste Management are of different types, such as paper & boards, metals, plastics, food, textile, and others.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Segment Analysis
Based on the source type, the market is segmented as residential and commercial. The residential segment is expected to govern the market with a faster-growing CAGR, during the forecast period. The growth of the segment is owning to various domestic consumables derived from various single and multifamily residential establishments including food scraps, product packaging, grass, newspapers, clippings, clothing, bottles, furniture, and appliances.
Based on the treatment type, the multiple solid waste management market is segmented as open dumping and disposal. The open dumping segment dominates the market, as low-income nations are still dependent on conventional landfill and incineration techniques to dispose of municipal solid wastes.
Based on the material type, the market is segmented as paper & boards, metals, plastics, food, textile, and others. The paper & board segment is estimated to be the dominant segment, due to the imposition of strict governmental measures to reduce the use of plastics, which has created a significant thrust on the usage of paper and paperboards. All the non-durable goods are made up of paper and boards, such as newspapers, cups, paper plates, and tissue paper, along with their increased usage in containers and packaging, including milk cartons, bags & sacks, and corrugated boxes.
In terms of regions, North America is estimated to be the dominant region for the multiple solid waste management market during the forecast period, due to its surging population, soaring investments in the commercial sector, and the increasing consumer spending along with the implementation of advanced and innovative trash treatment technologies & practices.
Key Players:
Key players operating in the global Multiple Solid Waste Management market are-
- Biffa Group
- Green Conversion Systems, Inc.
- Recology
- Hitachi Zosen Corporation
- Covanta Holding Corporation
- Keppel Seghers
- Plasco Conversion Technologies, Inc.
- Wheelabrator Technologies, Inc.
- China Everbright International Ltd.
- Stericycle, Inc.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Multiple Solid Waste Management analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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