The global solid waste management market is expected to grow by 10% to 20% over the next 5 years.
According to a study by the National Environment Agency (NEA) and International Enterprise (IE) Singapore, the current market is worth some US$270 billion.
Rapidly developing Asian economies such as China, Thailand and Indonesia in particular will see rising demand for waste management solutions and services.
Local governments will need promote the industry through government regulation, policy follow-through and public education to make the waste management market a success in their countries.