Report: Global Municipal Solid Waste Market Revenues to Hit Nearly $300bn by 2020

The global Municipal Solid Waste (MSW) market will generate $296.86 billion in revenue by 2020 and while legislation is making integrated, low cost solutions increasingly attractive, according to a new report from market analysts, Frost & Sullivan. The report found that to adhere to the legislations and ensure customer satisfaction, waste management companies are establishing efficient collection systems and strengthening their recycling capabilities. According to the analysis from Frost & Sullivan, Global Municipal Solid Waste Management Services Market, the market earned revenues of $160.52 billion in 2013 – a figure which was estimated dramatically increase to $296.86 billion in 2020. The study covers the collection, landfilling, recycling, biological treatment, incineration and reuse segments. The analysts found that MSW management solutions are witnessing strong demand from regions with a high population density but limited area, such as Europe and some countries in the Asia-Pacific (APAC) region. According to Frost & Sullivan energy and environmental research analyst, Monika Chrusciak, current core MSW management service markets such as Western Europe and Japan are expected to gradually decline, while markets such as South Asia, Latin America and Central Europe are anticipated to grow. However, market growth is expected to be disrupted by the widespread preference for inexpensive waste management solutions based on landfilling. In addition, the relatively high initial investment cost of installing new MSW processing and recycling plants could limit interest in such projects. It could also discourage market participants from investing in these plants, leading to a lack of competitive solutions and the stagnation of the MSW services market in developing regions such as the Middle East, Africa and APAC. Further to this, the report said that weak legislative support and lack of funding for the future development of MSW processing infrastructure in developing countries too are an issue. The rising prevalence of unsorted MSW – mixed with inert and organic material – was also said to be adversely affecting the quality of the secondary material and increasing the cost of handling, in turn reducing the profitability of market participants in this space. “To overcome these challenges, waste management companies need to ensure proper sorting and collection through direct and close cooperation with the waste-generating customer,” asserted Chrusciak. “Companies should also employ integrated management solutions for MSW separation, collection, sorting and processing”, she added. According to the report, over time the global MSW management services market will consolidate, so that robust services can be provided at the lowest possible cost to final users, which largely be as a result of the increasing recovery of recyclables and use of certain waste streams as a fuel source for waste to energy plants. Coupled with the rising awareness on sustainable development and waste treatment options, this will open up several opportunities for MSW management service providers. In particular, MSW management service providers will find opportunities in APAC, specifically China, due to evolving waste treatment practices, the report concluded. Read More Australian Solid Waste Management Market Set for Growth The Australian solid waste management market earned revenues of $6.80 billion in 2013 and these could grow to reach $8.21 billion in 2018, according to a new report from Frost & Sullivan. E-Waste Recycling Market to More than Double in Asia Thanks to rapid development and advances in technology, electrical and electronic waste is piling up in Asia-Pacific, compelling governments regulate for mandatory e-waste recycling, according to a new report from market analysts, Frost & Sullivan, Recycling Infrastructure Needed as E-Waste Set for Explosion in India With a massive population and increasing access to technology the near future will see an e-waste explosion in India, according to researchers at the PEC University of Technology, in Chandigarh and the Surya World Technical Campus in Punjabm, India.