The Singapore local government multi-agency commissioned ESC to conduct a study of International Business Opportunities for Solid Waste Management Solutions in Singapore, Indonesia, Thailand, and China.
About the Project
Municipal solid waste is a major issue, particularly in developing nations that lack both infrastructure and usable landmass to treat waste properly. Some developing countries are faced with difficulties that prevent the proper management of solid waste.
The primary goal of the study is to examine the current and future global market demand and trends for solid waste management and to provide viable solutions to waste management challenges in Singapore, Indonesia, Thailand, and China.
ESC carried out various research methods including observations, interviews with different stakeholders to understand the local context while taking into consideration of specific issues within the region.
Initially, ESC examined the global market for waste-related products and services, focusing on markets where Singapore-based waste management companies may focus their efforts.
The study covers profiling the local waste management industry which includes identification of relevant opportunities and market barriers and entry strategies, as well as benchmarking against market incumbents and global competitors.
Additionally, ESC performed a global market scan and identified the top three key market opportunities that bear the most potential for Singapore-based companies followed by an in-depth market study of at least six priority cities/municipalities within the key three markets identified, which include studies of existing and future/planned structure of cities/municipalities’ solid waste management systems.
Upon profiling the top three markets, ESC conducted an in-depth market study of Jakarta, Makassar, Bangkok, Wuhan, Shenyang & Chongqing with key market opportunities, barriers and entry strategies identified.
Our international and multidisciplinary teams from India supported the Asian Development Bank (ADB) Philippines for this project.
Our thorough understanding of the local context and consideration of regional difficulties allowed us to effectively conduct the study and collect accurate data to improve waste management initiatives and identify long term economies of scale for future growth in the waste industry.