Solid Waste Management Market to surpass $340bn by 2024

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Global Solid Waste Management Market to hit
340bn by 2024 Global Market Insights Inc.
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Industry Overview

• Ongoing adoption of optimized treatment
  techniques coupled with rising environmental
  concerns will drive the solid waste management
  market size. Increasing generation of municipal
  solid waste owing to large scale urbanization
  will stimulate the industry growth. As per the
  United Nations Department of Economic and Social
  Affairs, share of urban population across the
  globe is projected to reach 66 by 2050 when
  compared with 52 in 2014.
• U.S. solid waste management market is set to
  reach over 400 million tons by 2024. Increasing
  generation of industrial and municipal waste
  coupled with stringent regulations to eradicate
  the disposal of non-hazardous leftovers will fuel
  the business. The Land Disposal Program
  Flexibility Act of 1996 facilitates regulatory
  flexibility for the land disposal of specific
  wastes.
• Shifting focus toward reduction of landfills
  along with government regulations to reduce GHG
  emissions will foster the solid waste management
  market. Adoption of advanced waste treatment
  facilities including recycling, incineration,
  composting and anaerobic digestion will further
  complement the business outlook.

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• Collection solid waste management market is
  projected to witness appreciable growth owing to
  introduction of strict regulatory norms to limit
  landfills. Government measures to encourage the
  collection of recycling waste for the treatment
  facilities will boost the product penetration.
  The Ministry of Environment, Heritage and Local
  Government issues waste collection permit
  regulation for single region and multi-region
  waste collection across Europe.
• Germany solid waste management market is set to
  grow over 1.5 owing to favorable government
  initiatives along with high end technology
  adoption by management services. The Waste
  Management Act of 1972, states that reuse and
  recycling are given priority over other disposal
  methods as they are cost saving methods.
• Qatar solid waste management market is set to
  surpass USD 1 billion by 2024. Paradigm shift in
  population demographics along with economic
  expansion and growing industrialization will
  positively impact the industry growth. As per
  Qatar Economic Outlook, the country has witnessed
  3.3 economic growth in 2017 with an expectation
  to reach 3.6 by 2018.

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

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Industry Coverage
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• Increasing urbanization coupled with
  deterioration of environment to support
  industrial development will augment the china
  solid waste management market. Robust increase in
  municipal waste owing to rapid population growth
  will further complement the industry outlook. As
  per National Bureau of Statistics of China, the
  country has witnessed a population growth of
  0.53 in 2017 as compared to last year.
• Notable players in solid waste management market
  include E.L. Harvey Sons, Biffa Group, Veolia,
  Stericycle, Cleanaway, Wheelabrator Technologies,
  Plasco, Keppel Seghers, Covanta Holding
  Corporation, Hitachi, Recology, Xcel Energy, Amec
  Foster Wheeler and Green Conversion Systems.

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