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 - Tables32 - 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.Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=22015684IoT-based smart solutions to enhance the efficiency of waste management programsWith 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 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 USPopulation explosion and improved lifestyle result in the increased generation of solid wastes in urban as well as 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.
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.