LONDON, UK – The global municipal solid waste (MSW) management market is expected to post a compound annual growth rate (CAGR) of close to three per cent during the period 2019-2023, according to the latest market research report by Technavio.
A key factor driving the growth of the global municipal solid waste management market is increasing urbanization, which generates more MSW. Countries with high-income levels have a higher MSW collection rate compared with low-income countries. However, the significant increase in the amount of urban waste generation will result in high environmental pollution, which will adversely affect people in urban areas. The efficient management of MSW is crucial, and this increase is expected to drive the growth of the global MSW management market during the forecast period.
The integration of digital technology in MSW management will have a positive impact on the market and contribute to its growth significantly over the forecast period. Geographical information systems (GIS) is being increasingly adopted for site selection across the world. GIS considers factors such as topography, land use, water resources, transportation facilities, and the degree of urbanization to identify potential landfill sites and adverse environmental impacts.
GIS also establishes buffers between the landfill site and surrounding residential areas, water resources, and roads. For instance, in 2018, GIS was used along with the multi-criteria decision-making tool for integrating environmental, economic, and sociological sensitivities to determine alternative solid waste landfill sites for Bursa Province, Turkey.
The Technavio report segments the global municipal solid waste management market by disposal method (landfill, incineration, recycling, open dump, and others) and geographical regions (APAC, Europe, North America, MEA, and South America).
The APAC region led the market in 2018, followed by Europe, North America, MEA, and South America, respectively. During the forecast period, the APAC region is expected to continue dominating as well as register the highest incremental growth due to the rapid rate of urbanization and the rise in GDP in countries like China, Japan, and India.