September 23, 2020
According to the research report titled ‘Europe Solid Waste Management Market Size By Waste, Treatment, Material, Industry Analysis Report, Regional Outlook, Competitive Market Share & Forecast, 2020 a?? 2026’ available with Market Study Report, Europe solid waste management market is predicted to grow considerably during 2020-2026.
Industry experts claim that favorable government initiatives which promote collecting and recycling of wastes, increasing integration of auxiliary trash management procedures, and rising penetration of waste-to-energy (WTE) technologies are bolstering the growth of Europe solid waste management market. Furthermore, increasing adoption of prevention and recycling techniques are impelling the demand for waste management, which in turn is stimulating the overall market outlook.
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Based on waste type, the report cites that the municipal solid waste segment is expected to witness substantial expansion through 2026, owing to increasing trash generation in commercial and residential establishments coupled with growing focus towards recycling of waste.
With regards to material type, the plastic solid waste segment is anticipated to emerge as a major revenue generator for Europe solid waste management market during 2020-2026. Growing environmental concerns pertaining to adverse effects of plastic pollutants, favorable initiatives towards waste reduction, and escalating demand for recycling as well as decomposition of waste are fueling the growth of the segment.
Moving on to treatment type, the incineration/combustion segment of Europe solid waste management market is estimated to grow at a considerable rate through 2026. Growing emphasis on deployment of WTE (waste-to-energy) units along with rising investments towards clean & sustainable power generation are emerging as remunerative opportunities for the expansion of the segment.
Elaborating on the country-level analysis, Germany solid waste management industry is predicted to expand significantly during the analysis timeframe. Factors such as imposition of strict regulations in order to reduce carbon emissions, gradual shift towards a circular economy, rising investments towards efficient waste recycling, and increasing adoption of waste recovery measures are responsible for the growth of solid waste management market in Germany.
Leading players of Europe solid waste management market are Oil Salvage Ltd., Tradebe Environmental Services, LLC, Keppel Seghers Engineering Singapore Pte. Ltd., Amec Foster Wheeler Limited, Veolia Environnement SA, Plasco Conversion Technologies Inc., Stericycle Inc., Cleanaway Waste Management Limited, Wheelabrator Technologies, Inc., and Biffa PLC.