Opportunity Assessment of Waste Management in US Cities Worth $1.7 Billion by 2023 - Exclusive Report by MarketsandMarkets

CHICAGO, May 23, 2019 /PRNewswire/ -- According to a 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", published by MarketsandMarkets, 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.

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.

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144 – Pages     

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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.