WASTE TO WEALTH
The world generates an estimated 11.2 billion tonnes of solid waste annually. Currently, only about 30% of this waste is diverted away from landfills. It indicates a substantial market opportunity with the recycled plastics market projected to grow to $43.5 billion by 2026 while the metal recycling industry expected to grow to US 76.1 billion by 2025.
The need for a waste-derived economy is increasing, where innovation and technology will allow materials currently defined as waste to become the core element of future circular economic models, allowing for truly sustainable development.
GITEX Impact showcases the central role of technology in the rise of the waste industry.