Governments and environmental agencies across the world have been facing an increasing amount of pressure because of the solid waste management problems. Such problems arise due to increasing urbanization and industrialization. Each day the landfills are overflowed with tonnes of solid waste generated from homes, offices, industries, and various other agricultural related activities. Improper waste disposal systems can lead to various health hazards including the global warming problem when the waste heats up. The increasing phenomena of waste creation provide lucrative growth prospects to vendors in the solid waste management markets.
Factors Driving the Growth in Solid Waste Management Market
Population Growth
It is challenging to ascertain the impact of population growth on solid waste management projects. The amount of waste generated per person is dependent on various factors such as population in a given area and their consumption pattern. Consequently, suppliers are adopting methods such as System Dynamics modeling to study the impact of population growth on the amount of solid waste generated. Additionally, suppliers are also resorting to new technologies such as anaerobic digestion, plasma gasification, thermal conversion, and waste autoclave to reduce the environmental impact of solid waste.
Government Regulation for Environmental Protection
The rising levels of pollution have alerted the government to take stringent actions in order to protect the public health. The government bodies across the world are developing and reforming policy frameworks to minimize or eliminate the disposal of uncontrolled solid waste. For instance, laws such as RCRA and Clean Air Act of US are designed to reduce waste generation and ensure that organizational users focus on recycling.
Growing Public Awareness About Health Concerns
Improper management of solid waste leads to various public health concerns including infectious diseases, chronic diseases, bad odor, and allergies. Additionally, the waste accumulated in the landfills attracts various insects and rodents along with being a breeding ground for microbial pathogens capable of diseases such as cholera and dengue. As a result, the general public has been very concerned about the solid waste management process, thereby urging solid waste management companies to be more efficient.
Read more about the drivers in the solid waste management market along with procurement best practices, supply market landscape, cost modeling, and procurement insights in SpendEdge’s upcoming report on the global solid waste management market.
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