Waste Management - Situation

The processes of collection of solid waste, from the point of production to the point of treatment or disposal are known under the name of Waste Management.

The global waste management market was valued at $285.0 billion in 2016, and is expected to reach $435.0 billion by 2023, registering a CAGR of 6.2% from 2017 to 2023 Global Solid Waste Management market will increase to $1296.04 billion .

Increased globalization and a surge in population and Gross Domestic Product (GDP), among others have led to an increase in the overall waste volume globally. According to World Bank in 2012, urban population produced about 1.3 billion tonnes of Municipal Solid Waste (MSW) which is expected to grow to 2.2 billion tonnes in 2025. The costs for managing solid waste is expected to increase drastically in lower middle (four times) income countries such as India and Brazil among others and even higher in low income countries (five times) such as Kenya and Ghana among others.

Therefore, the need for solid waste management has increased largely at a global scale. A market study titled, Global Solid Waste Management Market - Analysis & Forecast (2015-2022) has acknowledged the implementation of solid waste management services in the sustainability industry

In developing countries, most of the budget goes to waste collection and only a small amount goes to disposal. On the contrary, the highest cost in the waste management system in developed countries is destined to waste disposal. The most used waste management systems in developed countries process different types of waste from different collectors. These wastes are transported through containers to recycling plants (also called landfills).

A European Union report indicates that during 2014, 2,503 million tons of waste produced in households and other economic activities were produced: 

47%   of these wastes  were incinerated,

36%   of these wastes were recycled (without recovering energy from them)

  7%   of these wastes were incinerated (recovering energy from them)

10%   of these wastes were landfilled

 

Waste Diversion & Waste Disposal

 

Source: The World Bank (What a Waste a Global review of  Solid Waste Management), as of June, 2012

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