North America Solid Waste Management Market size is estimated to witness a significant growth between 2020 and 2026 on account of rapid technological advancements across waste disposal services. Growing environmental concerns pertaining to mishandling of solid waste along with the adoption of stringent environmental regulations will fuel the market growth. In addition, Strong focus toward maintaining a high standard of health, cleanliness and productivity of communities & population residing across the region will drive the market demand.
Municipal solid waste across the residential sector will register a steep growth till 2026 due to increased consumer preference toward manufactured goods & products resulting in high participation of its habitants in the global exchange & trade. Over the years, MSW management has gained utmost attention owing to massive waste generation from commercial sector. Rising focus toward disposal from establishments and effective waste treatment along with increasing concerns akin environmental security will stimulate the market expansion.
In the recent past, North America solid waste management market has observed considerable growth owing to ongoing formulation of regulatory policies and measures toward open dumping to sustain disposal practices. Remodeling of waste management services from medieval collection technologies to advance disposal and treatment services will further augment the industry growth. However, shifting waste management trends in the coming years are anticipated to flourish the market landscape.
Growing focus toward curbing the utilization of plastics coupled with stringent policies and mandates has created a substantial impact on paper material consumption. These materials are largely utilized in non-durable goods and packaging. Discarded waste generated from these products can be recycled easily.
U.S. is set to dominate the North America market share through 2026 impelled by rising focusing more towards the integration of consequent waste disposal and recycling technologies from the industry participants. A paradigm shift from traditional dump and disposal models to the development of innovative methods to sustain effective waste management will boost the market outlook across the country. Favorable norms coupled with rising consumer awareness aligned with the integration of an effective waste management mechanism to hinder the adverse impacts on the environment & public health will drive the industry share.
Since the beginning of 2019, COVID-19 stalled the operations and development for several industries and has impacted the timelines of various projects. The respective government are instigating lockdown protocols which has further led to shortage of labor and disruption in supply chain. However, various pharmaceutical companies are majorly focusing on the development of vaccine for COVID-19 along with governmental efforts to ease the lockdown protocols have positively impacted the market growth. In addition, lockdown protocols will surge the waste generation from the residential sector, propelling the market size.
Leading industry players include Green Conversion Systems, Inc., Recology, Covanta Holding Corporation, Hitachi Zosen Corporation, CLEAN HARBORS, INC., Veolia Environnement SA and Waste connections, among others. Companies are engaged in extensive R&D activities to develop advanced technologies and gain a competitive edge over the other industry participants.