Waste Management is becoming a parallel industry along with production. If we look closely, then everything that has been manufactured will be a waste at some point of time. Now this waste has to be treated in some or other manner. We have come a long way when this whole task was managed by the unorganised sector.
If we talk specifically about India, then around 95% of this industry is still into unorganised sector hence making it difficult to quantify the effort and opportunities present.
If we dive into what are the major waste management industries flourishing then we can name it as
E-Waste : Electronic waste is being generated by every house, every individual. By such a deep penetration of mobile phones and accessories, it has become evident that no matter what age and income category an individual falls in, he is generating E-waste. However it is not a new industry but this is still into its premature phase and has lots of opportunity going forward.
Plastic Waste : After it has been taken on a big cycle by Narender Modi, Prime Minister of India, plastic waste has come into the picture and with much force. It is great industry where all efforts will result into social service along with making good money.
Solid Waste/Municipal Waste : This industry is taken care by government in most of the case and needs a whole lot of structured procedure and infrastructure to tacke. This has his own way of generating income for example, from hair, toilet water and converting into bio gas. It will be amazing to watch how this industry will go to private sector in future if required.
Biomedical Waste/ Hazardous Waste : This is one area which has been under concern for long but still need a lot of care because it is not just about making money but also about saving lives. If this waste is not treated properly then creates lots of other diseases and contamination of soil, water and air.
There are certain other industry other these major four in waste management sector but in a growing stage like Food Waste, Clean Water Drive, Air Pollution, Paper Recycling etc.