ENVIRONMENTAL INDUSTRY OVERVIEW-2020

Statistics, news & updates: everything you need to know about the Environmental Industry in India

Snapshot

  • Summary
  • COVID-19 Impact
  • Industry Clusters
  • Growth Drivers
  • Key Players
  • Market Stats
Environmental Industry in India

Sub-Industries

  • Environmental Consulting Services
  • Environmental control equipment & components

Summary

The Indian waste management market is witnessing a healthy growth rate, owing to the high population density and increased industrial activity, which is generating high amounts of wastes, both hazardous and non-hazardous.The circular economy concept is relatively new to India. However, the concept is gaining prominence. The Indian waste management industry offers huge potential, as only 30% of the 75% recyclable waste is being recycled currently. Shortage of proper policies for the collection, disposal, and recycling and the lack of efficient infrastructure are few of the many reasons leading to poor waste management in the country. Many startups in the environment industry are coming up with innovative ideas to manage wastes, as well as convert them into valuable resources.

COVID-19 Impact

Lockdowns in many countries have resulted in the reduction of harmful emissions. In China alone, a 25 per cent reduction in carbon emissions and a 50 per cent reduction in nitrogen oxides emissions have been seen. Some studies suggest that because of the Covid-19 outbreak, air pollution has drastically dropped. Moreover, on the positive note, industrial and commercial waste production has drastically reduced because of the slowdown in manufacturing activities.

However, the environmental industry is also seeing the negative impact of coronavirus. When doing a historical comparison, the volume of medical waste has gone up by up to 40 per cent. Higher production from the pharmaceutical and medical sectors have resulted in an increase in hazardous waste production. Owing to insufficient hazardous waste treatment capacity, many countries are facing the problem of stockpiling and potentially inadequate disposal.

Besides, there is also an increase in the volume of municipal waste. This is again followed by inefficient waste collection and disposal systems. Furthermore, there is a reduction in the recycling activities which is creating a challenge in the collection and disposal of municipal waste.

Growth Drivers

  • The growing economies across the globe are observing an increase in urban population, rise in per capita income level and increasing consumption level.
  • With India growing on similar grounds, increase in purchasing power has led to more affordability and accessibility of the resources that increased the levels of municipal as well as industrial wastes across the Indian states.
  • Having said that close to 62 MT waste is generated on an annual basis which will increase by two times by 2030.
  • NTPC to set up about 100 waste-to-energy pollution-free plants across the country
  • India has the potential to generate approximately 3 GW of electricity from waste by 2050
  • The government allows 100% FDI under the automatic route for urban infrastructure areas including waste management subject to relevant rules and regulations
  • The give boost to the environment industry central government has been implementing Swachh Bharat Abhiyan, emphasizing waste management at different stages of generation, collection and disposal
  • Municipal solid waste management sector in India is projected to see capital and O&M requirement of close to USD 65 Billion by 2030
  • India has the potential to generate approximately 90 Million Tonnes/Year of waste by 2030-2032
  • High population growth an changing lifestyles to increase the waste volumes in India

Key Players in India

 National

  • A2Z Green Waste Management Ltd
  • BVG India Ltd
  • Ecowise Waste Management Pvt. Ltd
  • Tatva Global Environment Ltd
  • Hanjer Biotech Energies Pvt. Ltd

International

  • Hitachi Zosen Corporation
  • Remondis AG & Co. Kg
  • Suez Environment S.A
  • Veolia Environment S.A

Map – Industry Clusters

enviorment-industry-map

Market Stats

  • The Indian garbage to offer a business opportunity of USD 14 billion by 2025, set to unlock new business avenues in the waste treatment sector of the environment industry.
  • With the growth in manufacturing and domestic consumption, India’s total waste production is set to increase from its current annual rate of 62 million tons to a whopping 162 million tons by 2030.
  • In the Global E-Waste Monitor 2017, India generates about 2 million tonnes (MT) of e-waste annually and ranks fifth among e-waste producing countries, after the US, China, Japan and Germany. In 2016-17, India treated only 0.036 MT of its e-waste. About 95 per cent of India’s e-waste is recycled in the informal sector and in a crude manner.
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