Greentech Lead America: Solid waste management market in
the U.S. will grow at a CAGR of 3.4 percent over the period 2011-2015,
according to a recent report by Research and Markets and TechNavio.
Key vendors dominating this market space include Clean
Harbors, Republic Services, Veolia Environmental Services North America, Waste
Connections, and Waste Management.
A key factor driving the growth of Solid Waste Management
market in the US is the need to eliminate solid waste from landfills.
Currently solid waste management is a growing concern in
the US, because of the high amount of pollution discharged by solid waste.
Also, huge landfills are a common scene in the US.
Solid waste management diverts solid waste from
landfills; therefore it is one of the major factors driving the Solid Waste
Management market in the US.
The market is also witnessing an increase in mergers and
acquisitions.
The rising cost of solid waste management could pose a
challenge to the growth of this market, according to the report titled, “Solid
Waste Management Market in the US 2011-2015.”
”The increase in the adoption of an organic growth
strategy for business development is one of the major trends observed in the
Solid Waste Management market in the US,” said an analyst from TechNavio’s
Clean Tech team.
“The larger players in the market are targeting smaller
players as well as the top players in the market,” said TechNavio analyst.
“This increase in mergers and acquisitions is one of the major positive trends
in the Solid Waste Management market in the US.”