PR Newswire
15 Jun 2022, 17:12 GMT+10
Green efforts and focus on waste management will increase as air passenger traffic recovers, says Frost & Sullivan.
SAN ANTONIO, June 15, 2022 /PRNewswire/ -- Passenger and regulatory pressures on airports to address environmental concerns are compelling them to focus on sustainability goals and transform into zero-waste spaces. Frost & Sullivan's recent analysis, Global Airport Waste Management Growth Opportunities, finds that the anticipated rise in passenger traffic will lead to increased investments in waste management, and airports will invest in in-house capabilities to achieve zero-waste status. By 2030, the global airport waste management market is expected to garner $2.34 billion in revenue from $1.76 billion in 2021, an uptick at a compound annual growth rate (CAGR) of 3.3%.
For further information on this analysis, please click here.
"The aviation sector's impact on the environment has come under scrutiny, primarily due to the high volumes of waste it generates and its inability to dispose of or recycle it," said Abhilash Varkey Abraham, Aerospace & Defense Research Analyst at Frost & Sullivan. "Due to this, aviation stakeholders aim to achieve emission-free and zero-waste businesses."
Abraham added: "The focus on waste management and green efforts will increase as passenger demand recovers and emissions surpass pre-pandemic levels. It will force airports to develop benchmarking and accurate measurement processes. This will help them assess their waste management capabilities; as a result, they will be able to set zero-waste strategies and goals."
Airports' plans to meet sustainability and waste goals present the following lucrative growth opportunities for market participants:
Global Airport Waste Management Growth Opportunities is the latest addition to Frost & Sullivan's Aerospace & Defense research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.
About Frost & Sullivan
For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion
Global Airport Waste Management Growth Opportunities
PCD0
Contact
Maria Celeste Bailo
Corporate Communications
E: [email protected]
https://www.frost.com/
SOURCE Frost & Sullivan
Get a daily dose of Singapore Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Singapore Star.
More InformationFREMONT, California: Brain implant company Neuralink announced that it has received approval from US regulators to begin human brain implant ...
JEFFERSONVILLE, Indiana: Randy Lankford, owner of Lankford Funeral Home and Family Center in Jeffersonville, Indiana, has pleaded guilty to more ...
DENVER, COLORADO: A federal judge has ruled that a rural Colorado school district can ban a high school student from ...
ZURICH, Switzerland: In one of the largest legal awards ever against Credit Suisse, the bank was ordered to pay $926 ...
DETROIT, Michigan: Amid broader global concerns over semiconductor chip supplies, sanctions and national security, Chinese commerce minister Wang Wentao said ...
WASHINGTON D.C.: The White House announced this week that President Joe Biden has chosen US Air Force chief General Charles ...
LAS VEGAS, Nevada: A bill was introduced in the Nevada Legislature to provide the Oakland Athletics up to $380 million ...
WASHINGTON D.C.: Due to one of the tightest labor markets in decades, teenagers, who have been vital for filling summer ...
NEW YORK, New York - Republicans were in uproar Tuesday over the deal hammered out by President Joe Biden and ...
DETROIT, Michigan: After Ford Motor Co announced an agreement with Tesla to allow autos to be charged using the Tesla ...
WARSAW, Poland: Plans are underway in Poland to gradually raise the minimum wage twice in 2024. The wage plan has ...
BEIJING, China: China will put into commercial operation its first large passenger airliner, in a bid to challenge western plane ...