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Waste management or disposal is all the activities and actions required from its inception until its final disposal to manage the waste. This covers among other issues, waste generation, storage, care and recycling along with control and enforcement. It also contains the legislative and administrative system pertaining to waste management including recycling guidelines etc.
Market Analysis: The worldwide waste management market was estimated at USD 2,080 billion in 2020, and it is predicted to grow at a CAGR of 5% between 2021 and 2026. Rapidly developing economies, urbanization, and population growth have resulted in an increase in resource consumption (materially intensive) and, as a result, the release of vast volumes of garbage into the environment.
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