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U.S. municipal solid waste management market to accumulate hefty proceeds from paper & paperboard trash, New York to emerge as a lucrative growth avenue

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The remuneration graph of U.S. municipal solid waste management market has witnessed a phenomenal escalation in the past decade, owing to myriad economic & environmental advantages of effective waste management. The burgeoning challenges of solid waste due to tremendous surge in the population in the United States have further compelled the industry players to bring forth innovative, sustainable, and cost-effective approaches of MSW across the country. It has been reported that in general, the waste generation is higher during the strong economic growth of the country and therefore effective solid waste management network forms a significant factor driving the GDP.

Pennsylvania Municipal Solid Waste Management Market Size, By Service, 2017 & 2024 (Million Tons)
Pennsylvania Municipal Solid Waste Management Market Size, By Service, 2017 & 2024 (Million Tons)

Reliable reports claim that the United States produced more than 250 million tons of municipal solid waste in 2014 – a significant high and approximately 4.4 million more than generated in the year earlier. It was further reported that the around 66.4 million tons of waste was recovered for recycling in 2014. Despite the tons of waste to handle, it was not until recently that the sanitation agencies took upon themselves to handle recycling and monitor third-party contractors. The U.S. Environmental Protection Agency in this regard has been encouraging the regional regulators and governmental agencies to make efforts in assisting the upcoming solid waste management scenarios, to ensure proper storage, disposal, segregation, and recycling processes.

Recently for instance, Atlanta regulation agencies has deployed smart phones with waste management application in over 89 sanitation trucks & other vehicles as part of a MSW management pilot program. The use of the application to track truck routes lead them to evenly distribute and take efficient routes to the appropriate landfills and recycling facilities. With further governmental norms encouraging sustainable trash management, New York recycling & composting municipal solid waste management market is another lucrative region garnering hefty proceeds. Estimates claim the U.S. MSW management industry from New York to exceed a valuation over USD 450 million by 2024, owing to the influence of region’s rising population base residing in the urban areas and flourishing tourism industry leading to growing investment in waste management infrastructure.

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Further speaking of the expanding governmental investment in waste management, the U.S. President Donald Trump, recently signed a legislation committing the country to expand its efforts to clean and manage around 8 million metric tons of litter such as plastic, paper, and electronic waste polluting the oceans.

Currently, recycling & composting solid waste has gained immense traction, given the advancement in waste reprocessing and trash conversing technologies. Recycling the waste to convert it into reusable material is significantly helping MSW management agencies in reduced consumption of raw materials and energy usage as well as lowered water & air pollution. The process is further gaining momentum and managed to accumulate over USD 6 billion in 2017, because of the introduction of strict & rigorous anti-dumping laws by both the state & federal regulators and development of recycling approaches for sustainable economic status. For instance, the University of Minnesota has initiated a recycling drive under which it will be recycling more than 3,800 tons of recyclable materials that constitutes more than 40% of the total waste generated in the campus.

In addition to expanding recycling & composting services in the U.S. municipal solid waste management market, it is noteworthy to mention that the paper and paperboard trash accounted for a considerable 26% market share in 2017. Rapid progress of the packaging industry coupled with rising application of recycled paper and paperboard are expected to drive demand.

These above-mentioned trends significantly shed light on the progressive outlook of the U.S. municipal solid waste management market in the recent years. However, it wouldn’t be wrong to say that China’s ban on import waste has rocked the global solid waste management and recycling industry to gear up for managing their own waste and recycling efforts. It remains to be seen that how the U.S. municipal solid waste management industry will cope with the sudden change in policies as these new accumulating waste loads incur increasingly high rates in managing and recycling waste. Nonetheless, experts believe that as the export market for waste product dries up, the U.S. municipal solid waste management industry will be seen desperately recovering, recycling, and reducing the waste, while surpassing the overall remuneration portfolio of over USD 25 billion market by 2024.

Author NameOjaswita Kutepatil

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Solid Waste Management Market to surpass a mammoth revenue of USD 340 billion by 2024, Europe to emerge as one of the most lucrative growth avenues

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Solid waste management industry, over the last few years, has been witnessing a tremendous growth in terms of remuneration, owing to the fact that the developed and developing nations across the globe are increasingly framing stringent regulatory norms and guidelines to tackle the burgeoning environmental challenges pertaining to solid waste. Furthermore, various regulators and government agencies have been making concerted efforts to assist the leading and upcoming solid waste management market players, to ensure appropriate collection, segregation, transportation, storage, disposal, and recycling of rapidly increasing waste volumes across the world. The U.S. Environmental Protection Agency (EPA) for instance, has emerged as one such regulatory agency to have left a significant influence on the overall solid waste management market.

U.S. Solid Waste Management Market By Disposal, 2016 & 2024 (Million Tons)
U.S. Solid Waste Management Market By Disposal, 2016 & 2024 (Million Tons)

The agency has recently permitted Enerkem to construct a first of its kind municipal waste-to-cellulosic ethanol plant under the U.S. Renewable Fuels Standard (RFS). The agency has further granted USD 3.5 million to the Canadian cleantech firm building the project, to accelerate the facility’s completion in time. It would be prudent to mention that the facility would have a massive capacity to process 100,000 tonnes municipal solid waste, which would be utilized to generate 40 million liters of fuel-grade cellulosic ethanol. Citing yet another instance, the EPA has recently approved the nation’s first mechanical biological treatment (MBT) municipal solid waste-to-solid recovered fuel (SRF) facility worth USD 19 million to be built by Entsorga West Virgina, LLC, a joint venture between Chemtex Global N.V, Entsorga Italia, and Apple Valley Waste Technologies, Inc. For the record, SRF would be utilized by large energy consumers as a clean-burning alternative over environment-degrading fossil fuels. Apparently, more such moves are anticipated in the immediate future which would, in turn, charting out lucrative growth avenues for solid waste management market size expansion. According to a few trusted research reports, the global solid waste management market was estimated to have held a total valuation in excess of USD 240 billion in 2016.

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Europe – the emerging regional avenue for solid waste management market progression

Speaking in terms of regional growth outlook, the European solid waste management market is set to grow at an exponential pace in the years ahead. The ever-increasing inclination toward adopting recycling technologies in the European nations such as UK and Germany, coupled with the introduction of comprehensive directives by government agencies to lower air pollution and land usage shall stimulate the growth potential of solid waste management market.  As per reliable estimates, UK solid waste management industry size is predicted to surpass a total processing capacity of over 35 million tonnes by 2024, the reason being the previous record of the UK having recycled 64 % of its packaging waste in 2014.

Concurrently, in the recent times, the region has been characterized by new waste-to-energy (WTE) facilities being set-up by leading solid waste management industry giants. Hitachi Zosen Inova AG, a Swiss firm part of Japan’s Hitachi Zosen Corporation, for instance, has recently announced its plan to build Turkey’s first WTE plant for processing municipal solid waste to generate electricity to the tune of 70 MW. The facility is touted to be the largest WTE project in Europe which would have the capacity to process around 15% of Istanbul’s solid waste per year and is scheduled to start operations in 2021 with three incineration lines.

In addition, it is noteworthy to mention that the foremost firms partaking in solid waste management market including Biffa Group Ltd, Hitachi, Veolia, Amec Foster Wheeler, E.L. Harvey & Sons, Stericycle among others have been focusing on acquiring upcoming companies to fortify their presence in this industry. The UK-based waste management company, Biffa Group Ltd, for instance, has concluded five acquisitions in the previous financial year. The firm has continued its acquisition spree further by buying out the waste management operations of O’Brien Waste Recycling Solutions Holdings Limited for an estimated 35 million Euros. Meanwhile, many more such mergers and acquisitions are anticipated to materialize in the ensuing years. Apparently, driven by such dynamic competitive portfolio, the global solid waste management market share is bound to traverse a profitable path in the upcoming years. As per a research report compiled by Global Market Insights, Inc., solid waste management market size is forecast to surpass 340 billion by 2024.

Author Name : Saif Ali Bepari