Analysis of the world market of waste management

Authors

DOI:

https://doi.org/10.15587/2706-5448.2024.307321

Keywords:

waste management, recycling technologies, end-user, waste type, green investment, waste market, sustainable development

Abstract

This paper provides an overview of the solid waste management market, which is the object of the study, including the processes of collection, transportation, utilization and recycling, supervision and monitoring of these processes. The volume and dynamics of the global waste management market in 2023 and its forecasting until 2033 are considered. The problem solved in the article is to identify the key factors of influence and interconnection on the development of waste management market components to determine the directions of an effective sustainable development policy. The author analyzes the methods of waste management in different European countries and identifies the key factors influencing the market dynamics: the effects of urbanization, environmental regulations, waste-to-energy technologies, circular economy initiatives, smart waste management systems, increased waste recycling, and the development of green infrastructure. It is determined that the growing awareness of environmental problems and increasing public pressure are leading to an increase in government investment in the development of innovative technologies for effective waste management.  It is established that the promotion of recycling infrastructure and the implementation of campaigns aimed at raising awareness among the population leads to an increase in the importance of responsible waste management, the introduction of public-private partnerships in the field of waste management and the development of green infrastructure. The market is analyzed by region, end user, and waste type. According to the regional analysis, North America has the largest market share, but Asia Pacific is showing the fastest growth. North America has a large waste management market due to its developed infrastructure and high level of environmental awareness. However, Asia-Pacific, particularly China and India, is emerging as a growth center due to rapid economic development, population growth, and rapid urbanization, indicating the potential for new waste management markets in this region. According to the analysis by waste type, industrial waste is the largest category, with the electronic segment showing dynamic growth. This analysis allows to forecast the market and trends in the waste management industry, which makes it possible to calculate costs and profits, scale global trends to Ukrainian realities, and offer promising investment opportunities, which is especially important in the times of recovery of Ukraine.

Author Biographies

Liudmyla Markina, State Ecological Academy of Postgraduate Education and Management

Doctor of Technical Science, Professor

Department of Environmental Audit and Technologies of Environmental Protection

Valeriia Kovach, Center for Information-Analytical and Technical Support of Nuclear Power Facilities Monitoring of the National Academy of Sciences of Ukraine

Doctor of Science in Public Administration, Senior Researcher, Leading Researcher

Oleh Vlasenko, State Ecological Academy of Postgraduate Education and Management

Postgraduate Student, Researcher

Department of Environmental Audit and Technologies of Environmental Protection

 

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Analysis of the world market of waste management

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Published

2024-06-30

How to Cite

Markina, L., Kovach, V., & Vlasenko, O. (2024). Analysis of the world market of waste management. Technology Audit and Production Reserves, 3(3(77), 36–43. https://doi.org/10.15587/2706-5448.2024.307321

Issue

Vol. 3 No. 3(77) (2024): Chemical engineering

Section

Ecology and Environmental Technology

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Copyright (c) 2024 Liudmyla Markina, Valeriia Kovach, Oleh Vlasenko

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