The global waste management market is expected to witness tremendous growth owing to increasing environmental and health concerns worldwide. It provides solutions for various treatments such as organic and non-organic. Further, these systems are able to safely dispose of liquid and plastic metal, solid, electronic, and nuclear from various industries. It focuses on either disposing or making reusing in the most efficient manner possible. This process involves collection processing, recovery, and disposal in the most effective and efficient manner. These systems also focus on reducing, reusing and recycling,. Industries are increasing focusing on use of raw materials that can be either easily recycled or reused.
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E-waste consists of all types of electric and electronic equipment that contain harmful element such as lead, selenium, arsenic, cadmium, cobalt, chromium, and mercury. Specialized system for treatment for these substances is needed to ensure healthy environment. Increasing disposable income has resulted in growing preference for latest products that has lead to early disposable of usable products further causing increased wastage. Increasing pollution owing to rise in amount of un-disposed materials is expected to propel the waste management market. Large amount of hazardous contents emitted by industries from different sectors such as manufacturing, pharmaceutical and healthcare is anticipated to fuel industry growth over the forecast period.
Companies are adopting these systems in-order to increase their profitability and reduce manufacturing costs. Organizations such as waste management association of Australia, air and waste management association, solid waste management, international solid waste association, and association of North America are contributing extensively for development of efficient waste management systems.
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Increasing recycling costs, land fill prices and fuel costs are expected to hinder revenue growth. Lack of proper collection infrastructure in many regions may restrict market growth over the forecast period. Europe and North America are expected to be the key regions owing to increasing number of government regulations mandating these processes in various industries.
Key players are Sims Recycling Solutions Inc., E-waste Harvesters Inc., Electronic recyclers international Inc., E-waste Systems Inc., Mine Restoration Investments Ltd., Republic Services Inc., Casella Waste Systems Inc., Waste Connections Inc., SuezEnvironnementSA, Veolia Environment SA Etc.
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