Municipal Solid Waste management is one among the foremost vital issues within the contemporary urban environments particularly in developing countries. The estimated quantity of Municipal Solid Waste (MSW) generated worldwide is 1.7-1.9 billion metric tons. In many cases, municipal wastes aren't well managed in developing countries, as cities and municipalities cannot deal with the accelerated pace of waste production and waste collection rates are often less than 70 per cent in low-income countries. More than 50 per cent of the collected waste is usually disposed of through uncontrolled land filling and about 15 per cent is processed through unsafe and informal recycling.
In most urban centers of developing countries, municipal solid waste management (MSWM) is highly unsatisfactory and beyond the capabilities of their economic setup for handling and disposal. Hence, the difficulty of MSWM is major concern in many urban areas of low-income developing countries, though their waste generation is low as compared with middle income and industrialized countries.
Solid waste generation: Currently the daily solid waste generation in the city of Addis Ababa is estimated to be 0.5 kg per capita per day, the density ranges from 205 to 370 kg m-3 and the daily waste generation has reached to 2,750 m3. Therefore, considering the city’s population of 3.5 million people, it is estimated that approximately one million m3 of solid waste is generated per year.
The global waste management market size is expected to reach $530.0 billion by 2025 from $330.6 billion in 2017, growing at a CAGR of 6.0% from 2018 to 2025. Waste management is the process of treating solid wastes, and involves different solutions to recycle items. It includes activities from its inception to final removal, such as collection, transport, treatment, and disposal of waste along with inspection and regulation.
Increase in environmental awareness, rapid industrialization, surge in population, and rise in urbanization foster the growth of the global waste management market. In addition, implementation of stringent government norms toward open dumping is expected to fuel the waste management market growth.
Furthermore, uncollected waste and dumping are impacting on health directly or directly, which is expected to increase demand for waste management services. However, lack of awareness in developing countries and dearth of investments in solid waste management framework impede the growth for waste management industry analysis. The impact of the driving factors is expected to surpass that of the restraints; hence, the market is projected to grow at a CAGR of 6.0% from 2018 to 2025.
