Waste Recycling Management Market: Introduction
The waste recycling management is an activity that includes garbage collection, transportation, treatment and dumping of the waste under the guidelines of the local or national authorities. According to the World Bank, in 2012 solid waste generated by the cities worldwide accounted for 1.3 billion tons. In addition, the estimates by the World Bank anticipates that the municipal waste generation would rise to 2.2 billion tons by 2025, which would result in significant impact to the waste recycling management market size.
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Several local authorities are taking initiatives to handle the trash and promoting to bring the trash for recycling at a global level. For instance, ‘Don’t bin it, bring it’ campaign is run by the local authorities in England. Similarly, Zero Waste Scotland is another initiative to promote recycling. These campaigns would spot a light on recycling of waste and would play a significant growth factor in the waste recycling management market size.
Market Segmentation: By Waste Type
The waste recycling management market share is bifurcated into municipal waste and industrial waste. It is anticipated that the municipal waste would predominant in the market over the forecast period, attributed to the excessive waste generation by households at global level. According to the organization for economic co-operation and development, the estimated generation of household waste in 2016 was 673,200 thousand tons (including economies that are member of OECD), which includes both hazardous and non-hazardous waste.
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Companies across the globe are targeted towards the launch of new technologies to reduce and to crush the waste. For instance, Green Eco Technologies developed WasteMaster. This product ensures the reduction of 80% of the weight and volume of the food waste. The company will be showcasing the product at RWM 2018 which will held in Birmingham on 12thand 13th September, 2018.
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