Global Solid Waste Management Market to be Driven by rapid urbanization and increasing government regulations in the Forecast Period of 2021-2026.
M2 PRESSWIRE-July 30, 2021-IMARC (Expert Market Research): Global Solid Waste Management Market to be Driven by rapid urbanization and increasing government regulations in the Forecast Period of 2021-2026
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The new report by Expert Market Research titled, 'Global Solid Waste Management Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026', gives in-depth analysis of the global solid waste management market, assessing the market based on its segments like end-use, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter's Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026):
* Historical Market Size (2020): USD 392.4 Billion (Global Waste Management Market)
* Forecast CAGR (2021-2026): 7% (Global Waste Management Market)
* Forecast Market Size (2026): USD 588.8 Billion (Global Waste Management Market)
Proactive government policies to curb illicit dumping are driving global demand growth. Furthermore, the global rise in population and globalisation has resulted in an increase in gross waste volume. Increased industrialization in emerging economies like India, China, and Taiwan has resulted in the growth of chemical, oil and gas, automotive, and medical industries, all of which produce massive amounts of waste and pollute the environment. These factors are expected to have a major impact on the global solid waste management market's growth. The high cost of acquiring and running waste management systems, on the other hand, is expected to stifle the global solid waste management market's expansion.
Industry Definition and Major Segments
The method of collecting and properly disposing of solid waste obtained from various industrial and municipal facilities is known as solid waste management. Solid waste management helps to promote economic growth and improve...
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