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Nielsen's study found that consumers globally are adapting their purchasing habits to prioritize convenience, affordability, and sustainability awareness. 81% of respondents worldwide believe that companies have a responsibility to contribute to environmental improvement. This commitment to corporate social responsibility is seen across all age groups and genders, with Millennials, Gen Z, and Gen X expressing the most support, followed by older populations.
The world is currently facing challenges in waste management due to rapid population growth and urbanization, leading to an increase in waste generation. The World Bank reports that the world produces 2.01 billion tonnes of municipal solid waste annually, and at least 33% of it is not processed in an environmentally friendly way. On average, a person generates 0.74 kilos of garbage per day, with high-income nations accounting for 34% of the world's waste despite making up only 16% of the population.
Waste management involves waste collection, transportation, treatment, and disposal, all of which require substantial investments in infrastructure and changes in behavior and policies. These activities demand appropriate infrastructure, such as waste collection vehicles, treatment facilities, and landfill sites, which can be expensive to build and maintain. This can be politically challenging, particularly in countries where there are competing priorities for limited resources.
According to Statista's report, in 2020, the market value of global waste recycling services was $55.1 billion. This market is expected to experience significant growth in the future due to rising consumer awareness about the environmental consequences of waste. By 2028, the global waste recycling services market is anticipated to attain an estimated value of nearly $90 billion, with a compound annual growth rate of 4.8% predicted during the forecast period of 2021 to 2030.
AI technology will undoubtedly play a role. Recycling startups implement AI in various ways, here are some examples:
For example, MobiDev company created an AI-based mobile app for recycling. The app uses AI algorithms to detect the waste type and give recycling recommendations. This solution helps people to sort waste properly.
CleanRobotics uses AI to identify and sort recyclable materials from waste. The company's flagship product, the TrashBot, is a smart waste bin that uses AI to separate trash from recyclables.
Greyparrot, the UK-based startup uses AI to monitor waste sorting equipment and predict maintenance needs. The company's software can detect issues in real-time and alert facility managers to potential problems, reducing the risk of equipment failure. This helps them to reduce downtime and save money on repairs.
Bin-e is a Polish startup that uses AI to analyze waste streams and identify opportunities for recycling. Designed for use in public areas, Bin-e is a smart waste bin that utilizes AI technology to streamline the process of recycling. The bin automatically sorts and compresses waste monitors its fill level and collects data to facilitate efficient waste management.
Recycling startups can use AI to optimize their collection and transportation routes. This can help reduce fuel consumption and lower emissions. For example, the US-based Rubicon company uses AI software that can analyze data on waste generation and recycling rates to create efficient routes for its trucks.
Digital assistants powered by AI, such as chatbots, are capable of not only providing guidance on proper waste sorting but also offering assistance in locating nearby recycling centers and sharing advice on achieving a zero-waste lifestyle, among other functionalities. Trizzy, a startup based in France, provides a chatbot assistant for waste management to corporate entities and communities. This solution can be implemented on websites, social media platforms, and mobile applications. Powered by Artificial Intelligence, the chatbot can recognize different types of waste and address user queries about appropriate waste management methods, waste collection schedules, composting, nearby recycling centers, zero waste, and other related topics.
Overall, using AI in recycling technologies can help to increase efficiency, accuracy, and sustainability, while also improving the user experience and reducing costs. That is why paying attention to AI technologies can help recycling startups to increase their competitive advantage in the marketplace.
