The Africa Waste Management Market size is estimated at USD 21.72 billion in 2024, and is expected to reach USD 27.70 billion by 2029, growing at a CAGR of 4.98% during the forecast period (2024-2029).
The market is driven by government initiatives and projects. Furthermore, the market is driven by the companies emerging in the sector to increase recycling needs.
One of the most significant decisions in the history of waste management in Africa was taken when African environment ministers gathered in Senegal in the middle of September 2022. The ministers started the process of putting an end to open rubbish burning and dumping. This choice will have a variety of effects on the economy, the environment, and society. Millions of lives could be saved across the continent.
Sub-Saharan Africa produced 180 million tons of garbage or nearly 9% of the total global output. Only around 11% of this trash was dumped in landfills that were adequately constructed and maintained. More than 60% of them ended up at open dumps. 90% or more of the trash is thrown out in the open in many African cities. A large portion of it is burned, releasing toxic pollution plumes into homes, lungs, and the environment. Dioxins, hydrocarbons, and black carbon, all extremely harmful climatic pollutants, are among these emissions. Moreover, methane produced by the decomposition of organic waste causes open burning and is a significant climate change contributor.
People and the environment are both severely affected. More than 1.2 million Africans die prematurely each year due to air pollution. Children who live close to large dumpsites have been found to have persistent respiratory, gastrointestinal, and dermatological conditions. In African metropolitan centers, more than 60% of the garbage produced is biodegradable. 20% more of it is recyclable. All of this recyclable and biodegradable garbage may be kept out of landfills. By 2030, this would result in a 60% decrease in open rubbish burning.
The utilization of trash as a supplementary resource input and a change in people's behavior are two ways that nations might accomplish this. Governments, local authorities, the commercial sector, civic society, development partners, community organizations, informal trash service providers, and recyclers must all put out enormous effort. Local authorities are on the front lines. They must collaborate with local governments to enforce laws against open burning and dumping and to alter attitudes and behavior. They must to additionally supply the facilities required for recycling and garbage separation. Action will take place at the local level, and the objective is to persuade African towns and nations to join a partnership that is anticipated to be unveiled during COP27.
The most urgently needed investment for climate infrastructure in African towns is waste management initiatives. Among all projects that were disclosed, waste management projects ranked first (50 projects, or 27 percent of the total), followed by water management (28 projects, or 15.5 percent), transportation (27 projects, or 15 percent), renewable energy (25 projects, or 14 percent), and buildings (10 percent and 5 percent, respectively), with a total of 29 projects. A total of 50 waste management projects totaling USD 935 million in value and more than USD 356 million in investment were reported by 31 local governments. The key initiatives were phasing out open dump sites, building sanitary landfills, and redirecting trash from landfills to more sustainable waste recovery and treatment methods.
The first Africa Circular Economy Facility was introduced by the African Development Bank Group today during its 2022 Annual Meetings. A production and consumption paradigm known as the "circular economy" emphasizes sharing, renting, reusing, repairing, and recycling old goods for as long as feasible. The Bank Group Board approved the facility of Directors on March 30, 2022. It will act as a trust fund to direct funding and reduce the risk for cutting-edge circular economy company concepts beyond trash management. It will assist in incorporating the circular economy into African green growth initiatives through the nation-led African Circular Economy Alliance (ACEA). During five years, the multi-donor trust fund will be operational. The Nordic Development Fund and the Finnish government will each contribute EURO 4 million to its initial funding.
The Africa Waste Management Market is fairly fragmented in nature, and highly price competitive. With several regional and International competitors including Averda, Enviroserv, Interwaste, WasteMart, Universal Recycling Company, Desco, and PETCO, the industry is fragmented. Several local businesses have been offering their clients a full range of cost-effective value-add services while building on the experience they obtained in Africa. Major firms are concentrating on creating cutting-edge methods for disposing of garbage in an environmentally sustainable way. Africa requires competent waste management companies that adhere to legal regulations and efficiently handle trash problems.
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