An analysis from Frost & Sullivan, “Global Municipal Waste Management Services Market,” finds that the market earned $ 160.52 billion revenue in 2013, from different processess like collection, recycling, biological treatment and landfilling. This is estimated to reach $296.86 billion in 2020.
Municipal Solid Waste (MSW) global management services have to formulate strict laws for waste management. They have to implement waste reduction strategies by increasing recycling levels and lowering landfill levels. With an efficient waste collection system and robust recycling capability service providers will be able to ensure customer satisfaction.
The report suggests that Europe, with limited area and thick population, is a core market for waste management solutions. The service is expected to spread to Central America as well as South Asia in coming years.
Inexpensive methods of waste management will be more effective. The reports though notes that initial huge investment required for setting up processing plants is a disadvantage in market. This will have an adverse effect on competitive solutions leading to stagnation in developing countries.
Lack of fund and political pressure for further infrastructure processes are other challenges with many countries. Investors cannot expect huge returns taking into consideration of the cost of handling and the quality of materials used. Companies are in need of an integrated management solution to overcome the challenges involved in the process. Also, interaction with customers should be enhanced.
The report predicts thatover time MSW market will consolidate to provide cost efficient robust services for users. They have to achieve this by increased recyclable waste recovery and modification of waste into energy fuel sources. This option will create more opportunities for MSW if coupled with sustainable awareness development and effective waste treatment procedures.
editor@greentechlead.com