Waste Management

The industry of waste management involves around the collection, storage, and disposal of waste, ranging from ordinary household waste to the waste generated at nuclear power plants. Effective waste management plans are crucial for nations all over the world, since many forms of waste can develop into a major health hazards when they are not handled properly. Many firms provide waste management services of a variety of types, and several governments also regulate the waste management industry for safety and effectiveness.  

Transportation of waste is a major issue in waste management industry. Once the waste is collected, it has to be dealt with.

Methods of wastes disposal in waste management includes landfill, Incineration, Recycling, Biological reprocessing, Energy recovery and Avoidance and reduction methods.

Once collected, waste has to be dealt with. In the past the approach to a great deal of waste was burial in landfills. This option has become increasingly problematic due to issues like limited space, pollution, and concerns that usable materials may be buried in landfills. Waste has also been collected that are used to generate electric power, and the other approaches to waste management includes dumping the waste without any attempt at containment or disposal, as seen in some developing nations, along with sinking it in the ocean or shooting it out into space. These approaches are very troublesome because they set up waste management problems for future generations, rather than effectively dealing with waste immediately so that it cannot become a bigger problem.

According to the reports, waste management of Canada employs 3,400 people at 116 operating locations in 9 provinces, servicing over 4.5 million residential customers and 170,000 industrial and commercial customers. Waste Management of Canada has 20 recycling recovery facilities and 18 landfills.

Waste Management Market Trends

• The UK waste management and recycling sector is set to grow by seven per cent by 2014 (UK Govt.)
• According to Waste Business Journal US waste management is worth $55 billion industry which grew by a modest 2 percent in 2011.
• The global waste and recycling industry collects more than 11 billion tons of solid waste and generates about $410 billion in revenue each year (First Search)

Major Waste Management Industry Players

Some of the major hazardous waste disposal companies include Waste Management, 3CI Complete Compliance Corp, Adama Technologies Corp in USA, Blue Vista Technologies Inc in Canada, Tox Free Solutions Ltd in Australia, Stericycle Inc in Germany and many more.