The Municipal Solid Waste Management Market was valued at $1612 billion in 2021 and is estimated to reach $2483 billion by 2027, with a CAGR of 3.4% from 2022 to 2027.

Municipal solid waste also referred to as trash, garbage, or rubbish is a category of waste made up mostly of items that are commonly discarded by the general public. In order to safeguard the public's health and foster economic development, municipal solid waste management (MSWM) comprises the collection, recycling, and treatment of home and commercial solid waste. The bulk of municipal solid waste management scenarios includes the accumulation and disposal of solid waste in landfills or incinerators. If this trash is burned, the volume and weight will be reduced by 90 percent and 75 percent, respectively.

Concerns concerning effective municipal solid waste management have increased as the world's population continues to urbanize. However, widespread landfilling and burning pose significant environmental dangers all over the world. Governments are therefore putting more of an emphasis on recycling as part of a variety of sustainable municipal solid waste management initiatives. The sorted waste is then transported to various reprocessing facilities where it is effectively transformed into a range of useful goods. Throughout the projected period, continued resource recovery initiatives will significantly increase market demand for municipal solid waste management.

Market Drivers and Restraints:

The global municipal solid waste management industry is expanding due to government measures to stop illegal dumping. Additionally, it is anticipated that as more WTE incineration and recycling techniques are used, the waste management business would grow. The Environmental Protection Agency (EPA) passed the Resource Conservation and Recovery Act (RCRA) in order to manage hazardous and non-hazardous waste and reduce open dumping. Globalization and population growth have also led to an increase in the total volume of waste. Municipal Solid Waste (MSW) was produced by the urban population in excess of 1.3 billion tonnes in 2012, and by 2025, it is anticipated to reach 2.2 billion tonnes.

Concerns about proper municipal solid waste management have grown as a result of the growing urbanization of the world's population. Worldwide, however, widespread burning and landfilling pose a severe threat to the ecosystem. The implementation of various sustainable municipal solid waste management solutions, including recycling, is therefore receiving more attention from governments. Following sorting, the trash is transferred to various reprocessing facilities where it is effectively transformed into a range of useful goods. The need for municipal solid waste management will increase dramatically over the course of the projected period due to continuous resource recovery activities.

The high cost of procuring and operating waste management solutions is predicted to impede the market's growth. A substantial amount of money can be spent on wages in the waste management industry because it is a labor-intensive sector of the economy. Similarly, the expense of transporting trash to landfills or recycling facilities, as well as the cost of collection, can consume a sizable percentage of the budget. Income levels have a significant impact on the cost recovery for waste services. Due to the costs associated with the process, the waste management market has grown somewhat rigid, which has impeded market expansion.

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The report is segmented as follows:

The Municipal Solid Waste Management Market is segmented by Method; the Market is segmented by Source; the Market is segmented by Waste Type:

By Method (Recycling, Composting, Landfill, and Incineration)

By Source (Residential and Commercial)

By Waste Type (Paper & Paperboard, Metal, Plastic, Food, Textile, and Others)

Geographical Segmentation:

Due to the region's rapid population increase, the Asia Pacific region now dominates the global market for the handling of municipal solid garbage. Two of the leading countries in the region—China and India—have governments that support waste management rules.

North America and Europe are the two continents that produce the most municipal waste. Both markets will experience faster market growth as a result of the advent of technical innovations to efficiently handle rubbish.

Africa, the Middle East, and Latin America will all have sizable shares during the projection period. The region's developing economies, which have led to urbanization, are the main cause of this.

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Impact of COVID-19 pandemic:

The coronavirus's lockdown drastically reduced garbage generation in the industrial and commercial sectors since factories and offices were either closed completely or in part. On the other hand, the amount of municipal waste increased in residential areas. Additionally, the demand for recyclable materials like rubber and plastic has decreased as a result of the decline in new product production processes. However, it is anticipated that the restart of waste management firms and the rubbish recycling sector will be facilitated by the restarting of production facilities and the release of coronavirus vaccines.

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