Dive Brief:

• The worldwide market for advanced waste technology is growing, according to Global Smart Waste Market 2015-2019, a report issued by Sandler Research.
• The use of plasma gasification to recover energy from waste and the installation of optical sorting equipment at recycling plants is pushing expansion of this market at a Compound Annual Growth Rate of 16%.
• Researchers determined that falling costs surrounding municipal waste collections will be a catalyst for growth by 2019.

Dive Insight:

Analysts in the report predict that implementing “smart waste” technologies diminishes the general expense associated with solid waste collections. Advances in waste management technologies in regard to collection, transport, and disposal will play a vital role in expansion. 

Advanced processes utilizing waste-to-energy technology, including pyrolysis and plasma arc gasification, are also growing in popularity in developed nations.