Solid waste management is the process of collection and properdisposal of solid waste collected from various industrial and municipalfacilities. Management of solid waste reduces or eliminates adverse impacts onthe environment and human health, and supports economic development andimproves the quality of life. A number of processes are involved in effectivelymanaging waste for a municipality. These include monitoring, collection,transport, processing, recycling, and disposal. Solid waste may be categorizedaccording to its origin into domestic, industrial, commercial, and constructionor institutional. Based on content, solid waste can be divided into organicmaterial, glass, metal, plastic paper, etc. Increase in global population,rapid urbanization, industrial boom, environmental impact, and rise in numberof infrastructure development activities across the globe are the key factorsdriving the need for solid waste management. Rise in government emphasis tocontrol solid waste is also expected to drive the solidwaste management market during the forecast period. Solid waste creates immense impacton the environment, as poor management of the collection and disposal of solidwaste may lead to leachate pollution of surface water or groundwater. This maycause significant problems if the waste contains toxic substance or if nearbywater sources are used for water supplies. Storage of large quantities of drywaste in hot climates may lead a fire hazard.
The solid waste management market is evolving at a rapid pace,particularly in emerging countries such as India and China, led by the newprinciples for sustainability and technological advancements. For instance, theGovernment of India’s ‘Swachh Bharat Mission,’ which was launched on October 2,2014, has brought the municipal solid waste management sector to the forefrontof governance.
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Based on waste, the solid waste management market can bebifurcated into municipal solid waste and industrial solid waste. Municipal solidwaste refers to the management of solid waste from residential buildings andsocieties, public places, streets, commercial buildings, and otherinstitutions. The onus of management of these type of waste lies with municipaland government authorities. Municipal solid waste accounts for a large part ofuniversal waste and thus proper management of the same is of paramountimportance. Various challenges are associated with municipal solid wastemanagement. These include unfavorable investment norms and lack of monetaryincentives.
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According to practices, solid waste management focusses largelyon waste collection, treatment (composting and incineration), and disposal(landfills). However, limited attempts are being made to adopt integrated wastemanagement practices that involve waste reduction at the source, resourcerecovery, and recycling. The resource value of waste cannot be realized unlessseparation of wastes is practiced effectively at the source. Integrated SolidWaste Management (ISWM) is a comprehensive waste prevention, recycling,composting, and disposal program. An effective ISWM system considers how toprevent, recycle, and manage solid waste in ways that effectively protect humanhealth and the environment. A paradigm shift from conventional waste managementpractices to ISWM is essential for cities in order to effectively manage thewaste stream. This presents immense growth opportunities to the solid wastemanagement market.
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In terms of geography, Asia Pacific is the dominant region ofthe market due to the ever increasing population, accelerated urbanization, andrapid industrialization in countries in Asia such as China and India. The solidwaste management market in North America is anticipated to witness stronggrowth, due to the enforcement of strict regulations against landfill and wastehandling.
Key players operating in the solid waste management marketinclude Biffa Group, Green Conversions, Amec Foster Wheeler, Xcel Energy,Recology, Hitachi Zosen, Covanta, and Keppel Segher.
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