Solid waste market to exceed $340B by 2024

The global solid waste management market is expected to exceed USD 340 billion (AUD452.8) by 2024, according to a new research report from market research firm Global Market Insights Inc.

According to the report, the solid waste management industry has been growing significantly in terms of remuneration, due in part to increasingly stringent regulatory norms and guidelines.

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The European market is also set to grow exponentially as countries like the UK and Germany adopt new recycling technologies and introduce comprehensive directives to lower air pollution and land usage, according to the report.

It estimates the UK solid waste management industry size will surpass a total processing capacity of over 35 million tonnes by 2024.

The region also has been characterised by the interest in waste to energy (WtE) facilities being set up, the report said. Hitachi Zosen Inova AG has also announded recently to build Turkey’s first WtE plant – planned to be the largest WtE project in Europe with the capacity to process 15 per cent of Istanbul’s solid waste per year.

The report also says that companies like Biffa Group, Hitachi, Veolia, Amec Foster Wheeler, E.L. Harvey & Sons, and Stericycle have been focusing on acquiring upcoming companies to fortify their presence in the industry.

Tyre Stewardship Australia host second Tyre Industry Conversation

Tyre Stewardship Australia is hosting the second tyre industry conversation to focus on international factors that influence Australian markets.

In particular, the event will discuss how the Australian resource and recovery and recycling industry has been affected by recent change and disruption.

It will also provide an update on the international state of play from European and New Zealand end-of-life tyre markets, which aim to provide insight for the Australian tyre recycling industry.

The event will include presentations from international speakers from the United Kingdom and New Zealand.

Secretary General of the UK Tyre Recovery Association Peter Taylor will be a keynote speaker, who will bring experience from the largest market-based best practice program in Europe for scrap tyres. He was also awarded an OBE by the Queen for his services to the tyre industry.

Senior Policy Analyst at the Ministry for the Environment Meg Larken will also provide a keynote presentation, bringing her experience from four years at the Ministry and from the recent policy for end-of-life tyres.

The Tyre Industry Conversation will take place on 11 April at 9am – 1pm. It will be hosted at The Mint, 10 Macquarie St, Sydney. Attendees are asked to RSVP by 29 March.