Municipal Solid Waste Management Industry - Regional Synopsis
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 industry is set to hold largest revenue share by 2037, 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.
