Dynamic industrial growth along with surging urbanization will propel Indian solid waste management market to grow at a CAGR of 7% during 2011-2015, says RNCOS in its latest research.
Noida, UP -- (SBWIRE) -- 08/07/2011 -- According to our latest research offering, “India Solid Waste Management Analysis”, the liberalization reforms in 1991 and relaxed policy framework has promoted fast industrialization and urbanization in the country which apparently benefited solid waste management market. The growing market for solid waste management positioned India as one of the most favorable for industry investments and number of players have entered the market and experienced tremendous expansion in their annual revenue growths. The report further revealed that the industry will grow at a CAGR of 7% during 2011-2015, thus positioning India as one of the most preferred destination for industry investments.
The study also identified that the Government is closely supervising the market situation and supporting the industry players by relaxing investment norms and providing monetary incentives. Consequently, the number of public and private entities forayed into collection, disposal and treatment of large amount of untreated waste in the country and huge investment is expected to be channelized in the market in the coming years.
Further, regional market analysis inferred that the Western region generates the maximum quantum of municipal solid waste. Cities like Mumbai, Pune, Ahmedabad, Vadodra, etc have witnessed remarkable industrial growth which improved the social status of people residing in these cities and increased their private consumption. The Western region is closely followed by the Northern region where Delhi and Kanpur are the major contributors. We expected per capita waste generation to increase further in these regions which will sustain their market position in coming years also and will drive overall industry growth.
Our report, “India Solid Waste Management Analysis”, has been authored to evaluate the growth potentials of Indian solid waste management market. It covers past, current and future trends of solid waste generation along with potential market for all four prominent sectors - municipal, industrial and e-waste, and bio-medical sectors. Further, thorough analysis of emerging industry trends and drivers has also been covered to provide a balanced research outlook of the concerned market. It also provides waste to energy potentials, environment protection industry outlook as new market dimensions for growth. A brief overview of leading companies operating in the industry has also been covered for better market understanding.
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