Market Trends of Global Waste Management Industry
Spotlight on the Construction and Demolition waste management systems
At present, construction and demolition waste is growing healthily. Its management involves various activities such as monitoring, collecting, transporting, recycling, and disposing of the waste generated during construction, renovation, or demolition of buildings or any other infrastructure. It assists in minimizing and re-using waste materials such as concrete, soil, wood, glass, plastic, cardboard, and metal during construction activities. Unlike residential waste, construction and demolition waste materials are inert, heavy, and non-biodegradable. Hence, regulatory authorities require commercial facilities for sorting, treating, and filtering these materials before they can be reused or decomposed. Increased construction and demolition activities are catalyzing the demand for the construction and demolition waste management sector worldwide, thus impacting the waste management market share. Construction and demolition activities produce large amounts of concrete, wood, plastic, and metal waste. As improper disposal of these materials results in the emission of GHGs, environmental degradation, and deterioration of the overall health of people, the adoption of construction and demolition waste management practices has been gaining popularity all over the world.
Growth in Global Waste
As per waste management industry trends, 2.01 billion tons of municipal solid waste is generated per year at the global level, with at least 33% of that-extremely conservatively-not managed in an environmentally safe manner. Worldwide, waste generated per person per day averages 0.74 kilograms but ranges widely, from 0.11 to 4.54 kilograms. Though they only account for 16% of the world's population, high-income countries generate about 34%, or 683 million tons, of the world's waste.
In many countries, solid waste management operations are a local responsibility, and nearly 70% of countries have established institutions with responsibility for policy development and regulatory oversight in the waste management sector. About two-thirds of countries worldwide have created targeted legislation and regulations for solid waste management, though enforcement varies drastically.
Global waste management industry is expected to grow to 3.40 billion tons by 2050, greater than double population growth over the same period. Overall, there is a positive correlation between waste generation and income level. Daily per capita waste generation in high-income countries is anticipated to increase by 19% by 2050 compared to low- and middle-income countries, where it is expected to increase by approximately 40% or more. The total quantity of waste generated in low-income countries is expected to increase by greater than three times by 2050.
