Sellbyville, DE -- (SBWire) -- 11/23/2018 --U.S. Municipal Solid Waste Management Market will grow on account of rising environmental concerns along with ongoing development of effective waste treatment technologies. In addition, upsurge in domestic waste generation on account of rapid urbanization will positively enhance the business outlook. In 2015, more than 80% of the country's population was inhabited in urban cities as compared to 75% in 1990.
Municipal solid waste management market across California was estimated over 41 million tons in 2017. Ongoing promotional activities and government measures toward the promotion of various recycling programs including CallRecycle will augment the industry landscape.
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In 2017, landfilling accounted for over 60% of the U.S. municipal solid waste management market share. Introduction of various anti-dumping norms by respective state and federal authorities will limit the landfilling activities while impeding the industry growth.
U.S. Municipal Solid Waste Management Market is predicted to grow over USD 25 billion by 2024. Growing population size on account of increasing number of foreign immigrants across the region will foster the municipal solid waste management market. As per the EPA, during 1960-2016, the population across the region has witnessed a rise of over 75% of which over 40 million were foreign immigrants.
Growing consumption across residential establishments on account of increasing purchasing power will fuel the U.S. municipal solid waste management market size. In 2017, the average annual expenditure per consumer stated by the Bureau of Labor Statistics was approximately worth USD 60,060 which witnessed an increase of 4.8% in comparison of 2016.
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Introduction of several community based organic reprocessing methods to attain a sustainable economic status will stimulate the municipal solid waste management market across Midwest. For instance, the University of Minnesota has developed a U of M recycle drive which processes over 3,800 tons of recycling products annually, accounting to over 40 % of the total waste generated in the campus.
Eminent players across the U.S. municipal solid waste management market include CP group, Covanta Holding, Wheelabrator, Hi Temp Technology, Veolia, Sims Metal Management, Green Conversion, Stericycle, E.L. Harvey & Sons, Clean Harbors, Waste Connections, Xcel Energy, The Hoskinson, Suez Environment, Hitachi Zosen, Recology John Wood and SR20 Holdings.
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U.S. Municipal Solid Waste Management Market to See to 4% CAGR Till 2024 : Veolia, CP Group, Hitachi, Recology and 12 Other Companies Profiled
U.S. Municipal Solid Waste Management growth will be driven by Increasing domestic consumption pattern with rising purchasing power.