Recycling waste can bring in crores in revenues
The concept of waste has been reformulated in the course of time. It is no longer viewed as trash or a material that has been abandoned rather as a resource or resource that generates revenue in the hundreds of thousands. It’s not just related to reducing the amount of landfills, but as well as the dependence of fossil fuels. Many countries around the world have been working hard towards developing the most effective methods to make use of waste. The proper handling of waste, also known as sustainable waste management is crucial not just from the sanitation perspective but also because of its environmental and economic benefits.
This is a part of its potential contribution to the energy production in developing countries like India. which is part of the administration of India, India is the fifth largest country in terms of GDP. The country produces approximately 60 million tons of garbage and has an average annual rate of growth of 4.4%. It has also been discovered that, at present, India generates 70 million metric tons of municipal solid waste. Of this 20 percent of this is recycled, and the rest goes to oceans and landfills that affect the marine and human species and damaging the environmental. This is why it is essential to have an effective waste management system that is in place.
The estimate is that the management of waste in India could turn into to be a $15 billion business. In the vast amount of trash generated in India 25% of it is dry waste materials that can be reused. The waste that is recyclable, thrown into the landfill due to a insufficient collection system and infrastructure, could be used as raw material. If it is properly separated and further processed it can become an extremely profitable source of revenue.
Based on research from the Un-Plastic Collective (UPC) study, India produces 9.46 million tonnes of plastic waste each annual basis, but 40 percent of it not being collected. India produces around 2 millions of tonnes (MT) of electronic waste each year, making electronics and plastics two of the key elements of the waste production. But, these waste-generating components, in addition to solid waste, possess the potential to be capitalized into revenue-generating channels. production. Similar to the year the year 2020, more than 81 billion of waste paper and pulp was exported to India. In contrast only 20% of the paper waste is being sorted, collected from the recycled waste, while the remainder is disposed of in landfills. Similar is the case for the metal and glass waste.
It’s time to change our focus to the increasing value of production of waste. Every business is trying to improve its profits. This can be achieved in either of the two methods: by increasing the price at which you sell or by reducing manufacturing costs. Because it is hard to increase prices due to intense competition numerous companies are looking at cutting costs. The price of the raw materials needed to create items is a major part of the overall cost of production. If the cost of raw materials is reduced, production costs can be dramatically decreased. In the end, the demand for recycling recycled waste is growing steadily.
But, the main issue is with the process of treating waste since it isn’t able to be utilized directly by recyclers. Waste segregation plays an integral part in the whole process. It is thought to be an important constraint. It should be properly separated and disposed of according to the guidelines of recyclers.