According to new market
research report "Opportunity Assessment
of Waste Management in US Cities by
Waste Management Outlook (Budget, Programs, Volume, and Disposal Statistics),
Key Initiatives, Market Dynamics, and Cities (Boston, Los Angeles,
Philadelphia, Seattle, and San Diego) - Forecast to 2023", The waste management investments in US cities are expected to
grow from USD 1.0 billion in 2018 to USD 1.7 billion by 2023, at a Compound
Annual Growth Rate (CAGR) of 10.4% during the forecast period.
Browse and
in-depth TOC on “Waste Management in US Cities”
15
- Tables
32
- Figures
144
- Pages
Key factors driving the waste management assessment in major US cities include increasing focus on the collection of waste materials and transportation to recycling facilities, sorting material type and selling them to manufacturers to make new products, state governments’ increasing focus on waste recycling and energy generation, and growing adoption of smart waste management systems.
IoT-based smart solutions
to enhance the efficiency of waste management programs
With growing regional
populations, changing policy requirements, new sustainability and recycling
goals, and improved technology departments, municipalities across the US
are joining the waste recycling movement to become more efficient in managing
solid waste and produce energy. IoT for smart waste management solutions has
successfully been applied across cities in the US. IoT waste management
solutions include the use of sensor-enabled waste bins, technologies such as
global positioning systems-enabled (GPS) routing, and radio frequency
identification (RFID). IoT-based smart waste management system has various
benefits, such as better utilization of manpower, reducing fleet cost, and also
the provision of analytical information to determine the cost of waste
collection making it easier for civic bodies to set a budget on the same.
Increasing focus on waste
recycling to create significant growth opportunities for vendors in the US
Population explosion and
improved lifestyle result in the increased generation of solid wastes in urban
as well as rural areas. In US cities, there is a marked distinction between the
solid waste from urban and rural areas. However, due to increased urbanization,
fast adoption of ‘use & throw concept’ and equally fast communication, the
gap between urban and rural is diminishing. The solid waste from rural areas is
more of a biodegradable nature and the same from urban areas contains more
non-biodegradable components, such as plastics and packaging. Recycling organic
materials, including food and compostable paper, is the biggest opportunity to
reduce trash and focus on recycling initiatives. Organics make up about
one-quarter of overall trash, and not many people are participating in organic
recycling programs yet. The increasing focus on vendors toward organic waste in
the region could provide growth opportunities for the market vendors.
Los Angeles to provide
opportunities for vendors of smart waste management solutions
Los Angeles has adopted
Smart Waste Management (SWM) solutions and is looking forward to expanding the
SWM program to other vendors apart from Bigbelly. LA Sanitation (LASAN) handles
waste management activities for single-family and multi-family (less than 4
units) establishments. Franchises (haulers) handle waste management activities
for multi-family (with 4 or more units) and commercial establishments. Athens
Services, Republic Services, Waste Management Inc., Universal Waste Systems,
NASA Services, Ware Disposal Company, and CalMet Services are responsible for
waste collection, transfer, recycling, processing and disposal for multi-family
and commercial establishments till 2024. However, changes in the Chinese import
policy have led to increased waste processing costs and higher volumes of waste
being disposed in landfills. Other waste management challenges include
hygiene-related issues, due to illegal dumping, increasing complaints about
waste pick-up services, and unrest around higher service fees charged by
haulers.
The major vendors
offering waste management systems include Bigbelly, Inc.
(US), Compology (US), OnePlus Systems (US), Ecube Labs (South Korea), Waste
Management Inc. (US), Republic Services Inc. (US), Covanta Holding Corporation
(US), Recology (US), Athens Services (US), and Bin-e (Poland). The study
includes an in-depth competitive analysis of the key players in the waste
management market, along with their projects and investments, recent
developments, and key market strategies.
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Content Source: https://www.marketsandmarkets.com/PressReleases/opportunity-assessment-waste-management-us-cities.asp
Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/opportunity-assessment-waste-management-us-cities.asp