Municipal Solid Waste Management Market size was valued at USD 122.47 billion in 2023 and is likely to cross USD 189.15 billion by 2036, expanding at more than 3.4% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of municipal solid waste management is assessed at USD 125.8 billion. The growth of the market can be attributed to the growing amount of municipal solid waste (MSW), backed by the growing global population. According to the data by the World Bank, the global population grew at 1.036% in 2020, with the total population of 7.753 billion, which is expected to reach nearly 10 billion by 2050. The mounting solid waste produced by human activities is a concern for the governments across the world, which is estimated to drive the market growth. According to other report by the World Bank, over 2.01 billion tons of municipal solid waste is generated annually globally. Apart from increasing government concerns, the growing awareness amongst people is estimated to be another major growth factor for the market.
Growth Drivers
Challenges
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2023 |
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Forecast Year |
2024–2036 |
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CAGR |
3.4% |
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Base Year Market Size (2023) |
USD 122.47 billion |
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Forecast Year Market Size (2036) |
USD 189.15 billion |
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Regional Scope |
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The market is segmented by treatment into open dumping, landfills, recycling, incineration, composting, and others, out of which, the recycling segment is anticipated to hold the notable share in the market over the forecast period on account of the growing awareness regarding proper waste treatment. As of 2020, over 33% of the total MSW is not treated safely, according to the data by the World Bank.
Our in-depth analysis of the global market includes the following segments:
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By Source |
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By Treatment |
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On the basis of geographical analysis, the global municipal solid waste management market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific is anticipated to hold largest revenue share by 2036, on the back of high population in the developing countries, such as, India, and China. Higher population leads to generation of larger quantity of waste, which is estimated to drive the market growth in the region.
The market in the North America region is anticipated to gain the largest market share throughout the forecast period, on the back of increasing general awareness regarding waste management, along with the adoption of recycling in the region. According to the Environment Protection Agency (EPA), 41,900 tons of paper was generated as municipal solid waste, out of which, 33,890 tons paper was recycled, in 2018.
Author Credits: Dhruv Bhatia
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