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Southeast Asian Solid Waste Recycling Markets
Frost & Sullivan, Oct 2006
This Frost & Sullivan research service titled Southeast Asian Solid Waste Recycling Markets provides an overview of the forecasts of the solid waste recycling markets, along with a complete analysis of drivers, restraints, and market trends that are influencing the revenues of these markets. In this research service, Frost & Sullivan's expert analysts thoroughly examine the following markets: electronic (e-waste) recycling, industrial waste recycling, commercial waste recycling, and domestic waste recycling.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
- Steel industry
- Glass manufacturing
- IT hardware
- Private proponents of solid waste management projects
- Local governments
Technologies
The following technologies are covered in this research:
- Shredders
- Balers
Market Overview
Landfill Space Shortages Increasing the Need for Effective Solid Waste Recycling
The solid waste recycling market in Southeast Asia is emerging and witnessing steady growth rates. Inadequate landfill capacities and the high cost of incineration, along with an increasing public acceptance of environmental controls are further driving this market. Countries with landfill space shortages are considering recycling as a promising alternative to combat rising problems related to disposal of waste.
Governments of these countries are drafting out policies to commercialize solid waste recycling. Policy measures such as social campaigns promoting the concept of waste recycling is leading to significant rise in awareness of the benefits of recycling. Developing sound resource management strategies as well as creating better policy frameworks on recycling can further aid in encouraging recycling, thereby bolstering the growth of the solid waste recycling market in Southeast Asia, says the analyst of this research service.
Development of Industries and Modern Solid Waste Recycling Solutions Boost Market Demand
The market is likely to grow steadily in the Philippines, Taiwan, Singapore, Hong Kong, and South Korea, while it is well developed in Australia and New Zealand. The rapidly growing electronics and semiconductor industry in Taiwan and Singapore has led to huge volumes of hazardous e-waste being generated, creating better prospects for recycling markets. In Australia, waste management companies are offering diverse services by coming together to gain a stronger foothold in the market. This is resulting in a small number of very large companies working alongside a host of medium and small companies.
Several waste management companies are using and modifying existing and proven technologies to manage waste streams in a more energy-efficient and cost-effective manner. Many Southeast Asian countries are looking at strategic collaborations to cater to further economic expansion, and to provide competitively-priced waste management solutions, thereby innovating the solid waste recycling market and making it more capital-intensive. Technological innovations in the solid waste recycling are likely to emerge, especially in niche markets such as tyre recycling, construction, and demolition waste recycling.
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