DUBAI, United Arab Emirates, Sept. 7, 2016 /PRNewswire/ -- Rise in waste, especially municipal waste, is likely to become a major reason for concern for the Gulf Co-operation Council (GCC), with the total waste generated to increase from 94 Mn MT in 2015 to as high as 120 Mn MT per annum by 2020. Geographically, this will be spurred by the rapid increase in waste generation predominantly in the Kingdom of Saudi Arabia (KSA) and the United Arab Emirates (UAE). The rise is significant as municipalities in the GCC are not equipped to handle this level of waste generation through the existing landfilling strategies. Adoption of alternate handling mechanisms to deal with the problem of increasing waste would be required, especially when the block of countries is also striving to make amends to the energy mix.
To request exclusive information on the regional implications for your company and to schedule your one-on-one growth strategy dialogue with our analysts now, please click here or send an email to Ravinder Kaur at ravinder.kaur@frost.com / Anita Chandhoke at achandhoke@frost.com.
Mr. Abhay Bhargava, Associate Director and Regional Head - Middle East - Energy & Environment Group, Frost & Sullivan notes, "GCC will have to make a radical move towards integrated waste management with emphasis on 'waste-to-value' methods such as recycling and waste-to-energy coming into the picture. This can already be seen in the form of the recent tenders for waste management in the GCC, as well as in the Middle East and North Africa (MENA)."
Based on recent studies that Frost & Sullivan has undertaken as part of a global waste management advisory practice, the market potential for waste can increase anywhere by 1.5-2 times in the next five years. This will also disrupt the existing waste management industry, which has so far primarily focused on the aspects of collection and transportation. Additionally, there is also a need for greater focus on optimising the segregation process, both at source and at material recovery facilities to minimise waste diversion to landfills.
Another disruption would be in waste composition itself. While waste in the GCC has predominantly been construction and demolition and municipal, a rapid emergence of electrical and electronic waste, industrial hazardous, and bio-medical waste is also being observed.
Frost & Sullivan feels that this disruption will result in emergence of opportunities in the sector for companies that can deliver solutions around segregation, recycling, sustainable treatment, and waste-to-energy across services, technologies, and equipment.
The need of the hour, considering the current scenario, would be to look at skills development, partnerships, and technology acquisition, all of which require a more formalised approach to the business of waste. Frost & Sullivan also believes that municipalities in the GCC can accelerate optimisation through benchmarking and assessment of successful models in other regions, and implementation of these learnings in the regional context.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
LinkedIn - follow our latest energy & environment updates via The Future of Energy Group.
Media Contacts:
Ravinder Kaur
Corporate Communications – South Asia
M: +91 99401 41714,
P: +91 44 6681 4413
E: ravinder.kaur@frost.com
Anita Chandoke
Corporate Communications
M: +91 9916133311
P: +91 80 67028020
E: achandhoke@frost.com
