“Existing environmental service providers can be left behind if they don’t embrace and contribute to the region’s efforts to become circular,” said Nideshna Varatharajan, Senior Consultant, Industrial Practice, Frost & Sullivan. “The introduction of circular models and advanced recycling methods in the region, for example for plastics and food, will successfully lead to new opportunities along the value chain and convert waste into value-adding secondary materials.”
Varatharajan added, “We are seeing a change in the way manufacturers can incorporate circular economy into the design phase to extend end-of-life products and minimize their environmental impact with increased adoption of technologies such as Artificial Intelligence (AI) , Robots, sensors and blockchain are calculating to improve the flow of waste. “
Frost & Sullivan predicts a few key trends that would define this transition, including:
- Plastic to refuel to enable a circular economy and reduce environmental pollution. Waste disposal companies should focus on developing waste collection networks and waste sorting facilities to divert plastic waste from landfills to recycling centers and to clean up illegal landfills.
- Recycling solutions for used lead-acid batteries for the environmentally friendly disposal of hazardous waste. Leading smelters should capitalize on the market potential in the GCC by developing a strong understanding of technology and gaining experience in operating secondary smelters.
- Use of recycled products in the construction sector. Construction waste recycling companies should focus on developing new products for high-end applications such as brick, tile and plastic waste for roads. This gives them a competitive advantage in the market.
- Waste-to-energy plants for the treatment of non-recyclable solid waste. By investing in waste-to-energy projects, waste management companies can develop innovative business models and ensure complete waste diversion, while monetizing and producing clean, sustainable energy at the same time.
Circular economy Redefinition of the GCC waste management market, 2021 is part of Frost & Sullivans Global Energy & Environment Growth Partnership Program.
About Frost & Sullivan
For six decades, Frost & Sullivan has been known worldwide for its role in helping investors, business leaders, and governments navigate economic change and identify disruptive technologies, megatrends, new business models, and companies that lead to continuous growth opportunities for future success . Contact us: start the discussion
Circular Economy Redefining GCC Waste Management Market, 2021
SOURCE Frost & Sullivan