The current report aims to provide insight into the different innovative solutions in waste processing. It outlines that the new technologies for solving the waste issue should be consistent with the current requirements for saving resources and minimizing the waste going to landfills. First, the paper discusses that one of the most serious challenges of the modern world is linked to the daily disposal of hundreds tonnes of waste. They are not only a national, but a global problem, the uncontrolled disposal and accumulation can cause serious pollution of the environment and lead to worsening health. That is why the issue of their effective management is of utmost importance. The report gives special attention to the global problem with waste collection and disposal that imposes an urgent need for innovations. Next, different innovative solutions in waste processing are also analyzed in the paper. A new, better model of waste management needs to be created and innovative methods (instruments) for disposal and treatment of municipal solid waste are needed. The author identifies that scientific progress allows for the implementation of new waste management technologies such as radio-frequency identification (RFID), GPS systems, underground waste treatment facilities, multistage waste recycling system, etc. Finally, on the basis of the analysis, recommendations for waste management on a global level are outlined. A conclusion is made that when choosing a new and effective waste management technology, the ecological (safety and ecological risks) and economic (efficiency, capital and operational expenses) factors should be considered.