Indian waste management industry is a rapidly growing sector driven by urbanization, population growth, and stricter regulations. It involves collecting, treating, and disposing of waste, with a significant portion still being dumped in landfills despite ongoing efforts to improve collection and treatment rates. The industry includes services like recycling, waste-to-energy plants, and landfills, and key market drivers include mandatory segregation, government initiatives like the Swachh Bharat Mission, and increasing technological adoption.
Indian waste management industry is a rapidly growing sector driven by urbanization, population growth, and stricter regulations. It involves collecting, treating, and disposing of waste, with a significant portion still being dumped in landfills despite ongoing efforts to improve collection and treatment rates. The industry includes services like recycling, waste-to-energy plants, and landfills, and key market drivers include mandatory segregation, government initiatives like the Swachh Bharat Mission, and increasing technological adoption.
Valued at approximately $22.17 billion in 2023, the market is predicted to grow to $54.20 billion by 2030 at a CAGR of 12.5%.
Waste generation and management challenge
High waste generation: -
India produces over 62 million tonnes of municipal solid waste annually, a figure expected to increase to 165 million tonnes by 2030.
Regulatory and technological landscape
Government regulations:
The Ministry of Environment, Forest and Climate Change sets policies like the Solid Waste Management (SWM) Rules, which encourage waste segregation and resource recovery.
Key players.
MJF Lion ER YK Sharma
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