Smart Waste Management Systems Global Market to Reach $675.3 Billion by 2027

The continuing expansion of the global population has increased waste production, challenging cities, countries and municipalities to meet the demand for its effective disposal. A proper waste management system helps avoid spreading deadly diseases and safeguard the health of everyone. To achieve the goal of improved waste disposal, IoT-based waste management systems have been introduced in smart cities across the globe.

In a planned system, multiple waste bins are deployed across cities and linked with an embedded structure to help with tracking waste levels in different waste bins, according to their placed unique IDs. This also assists with tracking efforts that result in timely waste collection efforts. Smart waste management is characterized by the use of technology to facilitate waste management efficiency. Thus, waste collection is conducted in a more timely manner, thus avoiding delays and waste build-up that could lead to unsanitary risks.

Smart waste management helps to denote the place of waste generation from public places, residential buildings, hospitals and other institutions. Different technologies, such as vacuum containers, radio frequency identification (RFID) disposal tags and sensor containers, are used for providing real-time fill positions and overall assessments of different types of waste. Efficient and proper management of different types of waste through the overall integrated system can help minimize many issues related to climatic changes, environmental pollution and public health. Recent endemic diseases such as the coronavirus have positively impacted the waste management market by raising awareness about the disposal of products deemed hazardous to human health as well as nonhazardous.

The growing volume of e-waste is a major concern at the global level. Planned and efficient waste management technologies such as cloud management structure, RFID and gasification of hazardous substances with proper care are the driving factors for Indian Waste Management Systems market across developed economies. However, due to the huge cost of implementation during setup, service and maintenance across developing nations such as China and India will challenge market growth during the forecast period.