Increasing focus on sustainable waste management practices will significantly drive the Europe solid waste management market. Growing concerns towards the reduction of existing pollution index will enhance the business outlook over the forecast period. Moreover, large-scale urban migration has further led to an exponential rise in the generation of solid waste which in turn will raise the industry demand substantially.
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Growing regulatory measures to raise the adoption of clean and sustainable trash management practices will raise the solid waste management market across the region. In 2018, European Union had revised its legislative proposal on waste management under which they are planning to restrain the illegal landfilling techniques. Moreover, the increasing focus toward implementing technology integrated waste management solutions will positively influence the industry landscape.
Rising residential and commercial establishments coupled with the growing urban population will significantly enhance the demand for waste management services across the Europe. As per the European environment agency, the total regional population is anticipated to exceed over 510 million by 2030. Increasing consumer spending toward manufactured products will enhance the regional trash generation statistics which in turn raise the service demand over the forecast period.
Increasing concern towards the harmful environmental effect of plastic and food waste will raise the demand for recycling and composting across the Europe. According to the European Union statistics, in 2016 the recycled waste accounted for 53.2% of the total waste management which was initially accounted for only 45% in 2004. Regulatory measures to discourage the practice of open dumping will further enhance the recycling demand over the forecast period.
Growing focus towards the development of various waste to energy systems will drive the demand for anerobic digestion across the region. Affordable cost structure as compared other available alternatives will further enhance the business outlook over the forecast period. Moreover, stringent governmental measures to reduce dependency on conventional power generating stations will raise the service demand significantly.
The UK solid waste market will witness significant growth on account of increasing efforts toward the deployment of recycling technologies coupled with the implementation of stringent emission directives aimed toward limiting the pollution levels. In addition, the adoption of advanced waste treatment programs & technologies has further propelled the business growth. For instance, Food Waste Recycling Action Plan (FWRAP), introduced in 2016 aims toward increasing the food recycling rates across municipal & industrial sector. The program is one of several initiatives launched across the UK to aid government target of achieving 50% recycling rates across households by 2020.
Solid waste management participants operating in Europe include Biffa groups, Amec Foster Wheeler, Cleanaway, Stericycle Inc., Veolia Environment SA, Keppel Seghers, Plasco conversion technologies, Wheelabrator Technologies Inc., Tradebe, Oil Salvage Ltd amongst others.