San Francisco, California, December 12, 2017: A recent market research report by TMR Research covers the global market for solid waste management. The report, titled “Solid Waste Management Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017–2025,” states that the market will gain momentum over the report’s forecast period. The report presents a comprehensive overview of the present and past growth dynamics of the market and presents an overview of its potential future course of development over the period between 2017 and 2025.
One of the key factors driving the market is the increased awareness among the global population regarding the importance of effectively managing solid waste to keep check on public health issues, pollution, and the impact of non-biodegradable waste on the health of the environment. Strict regulations pertaining to the disposal of solid waste across water bodies and productive land masses across a number of countries are also calling for the development and deployment of effective solid waste management solutions across private and public sectors. It is estimated that the demand for solid waste management solutions will be highly promising across areas such as commercial buildings, hospitals, residential complexes, streets, and public places in the near future.
The market is also expected to be massively driven by the significant rise in numbers of smart cities across the globe, a steady rise in gross domestic products of emerging economies, and the increased focus on the vast damages induced to the environment due to the improper disposal of solid waste. Rising awareness among the global population could also elevate the overall rate of demand for solid waste management solutions and services across the globe in the next few years. Technological advancements in waste management solutions and the increased number of vendors in the market could also benefit the overall development of the market in the next few years.
In order to present a clear understanding of the solid waste management market from a geographical perspective, the report presents an analysis of the market and its growth dynamics across regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report presents an overview of the key factors contributing to the overall development of the market in these regions. It is estimated that the markets for solid waste management in North America and Europe are presently the most lucrative and are likely to exhibit strong growth over the report’s forecast period as well.
On the other hand, the market in Asia Pacific is expected to witness a steady pace of expansion and emerge as a highly prolific regional market. Strong growth of the Asia Pacific market will be chiefly attributed to the improved level of awareness regarding the importance of solid waste management for maintaining cleanliness and the health of the environment among the population.
The study also presents a thorough account of the vendor landscape and the competitive dynamics of the global solid waste management market.
The report analyzes the strength of key vendors based on aspects such as their revenues in the past years, their share in the overall market, their product portfolios, geographical presence, and technological advancements. Some of the leading companies operating in the global solid waste management market are EnviroSolutions, Waste Connections, Republic Services, Recology, Perma-Fix Environmental Services, Rumpke Consolidated Companies, Clean Harbors, Progressive, Appliance Recycling Centers of America, Schupan & Sons, Covanta Energy, and E. L. Harvey & Sons.
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