(Newswire.net — May 1, 2018) — We are living in an era where environmental pollution has been a major concern and the scene is quite threatening. With industrialization and globalization at its peak, the amount of waste produced by the industries as well the common people has seen an alarming rise. However, not all the waste is detrimental in nature but about 60% of the waste produced is the inorganic plastic waste.
Plastic is detrimental to our ecosystem as they cannot be ruined or completely destroyed. So, the only way to reduce the amount of plastic waste is to recycle. Plastic is widely used worldwide to create pet bottles, household goods or packaging materials. Although, many companies have initiated to find alternatives to plastic and are relying on jute, paper and other eco-friendly materials for packaging.
Prospect And Challenges For Waste Management Firms
The best part is that waste management is not difficult and with simple procedures, we can get great results. These simple methods and initiatives can contribute largely to reduce the plastic waste and maintain the balance of our ecosystem.
-
A workforce is employed by the waste management firms to sort and filter the recyclable trash. After the sorting, the trash is then supplied to the recycling units to get cleaned and transformed into finished goods. This is a continuous process and the supply chain should be maintained efficiently so there is no shortfall and the supply meets demand in all conditions.
-
A major concern faced by the waste management start-ups found during the initial days is to find a space to dump the trash collected by the dumpster rental Wilmington DE. The vehicles pick up trash from chosen junkyards and deliver it to the waste management companies.
-
The start-ups might need to invest a certain amount of money when they start on this project but the business is quite profitable with scope to earn higher ROI within the first few months of operation.
-
Another advantage is that there are still not many players in waste management industry, at least not enough to cover the entire pile of trash generated every day. When the competition is scarce, there are more opportunities for the companies to collect as much trash as they can and book huge profits by recycling them.
Waste Management Initiatives To Reduce Plastic Waste
In 2015, the Global Waste Management Industry was valued at 475 billion US dollars and the numbers are estimated to reach 562 billion US dollars in the next few years. So, clearly, the scope is huge and start-ups are enhancing the opportunities to make huge profits with a pledge towards saving the environment. The Upcycle Project is an Indian firm that was founded in 2014 and is a major player in Indian waste management industry.
The firm and similar entrepreneurial ventures in India and across the world are using plastic trash to transform them into beautiful and functional lifestyle products and gift items. This noble mission is backed up by MNCs and big corporate firms who are major contributors to the plastic waste. Following proper waste management techniques, plastic wastes are recycled and transformed into creative finished goods, stationery and gift items which are then purchased by these prominent players to be distributed among the workforce and prestigious clients.