Sustainable development has been one of the primary aims of businesses worldwide amid increased concerns about climate change and a focus on ESG investments. Waste management is one of the critical aspects of sustainable development. During the pandemic, the importance of waste management accelerated owing to poor maintenance and disposal of healthcare waste. According to the WHO, most of the 87,000 tonnes of personal protective equipment (PPE) procured between March 2020 - November 2021 ended up as waste.
Furthermore, industrial waste has multiplied considerably over time. According to DataM Intelligence, the global industrial waste management market size is estimated to grow at a 9.6% CAGR during the period 2021 - 2028. Because the worldwide population continues to rise, more waste generation will need to be managed. This is predicted to bring about significant benefits for the waste management industry.
