Municipal Solid Waste Management Market Size

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.