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Hazardous Waste Management Market Future Growth with Current Trends Analysis 2017-2025
The objectives of this study are as follows:
To define, describe, and forecast the "Hazardous Waste Management" market by type, application, component, delivery model, end user, and region
To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
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Waste management is a process of treating various types of solid waste. The process of waste management includes collection, transportation, storage, treatment, and disposal of solid waste. Regulatory authorities around the world have categorized solid waste into hazardous waste, and non-hazardous waste, based upon various parameters. Any solid waste which is either explosive, inflammable, oxidizing, poisonous or infectious, corrosive, radioactive, or toxic in nature is termed as hazardous waste. Treatment of non-hazardous waste is minimally regulated by regulatory authorities around the world, apart from emission norms during incineration treatment of non-hazardous waste. Environmental Protection Agency (EPA) in the U.S., has laid down the hazardous waste management plan to effectively and safely dispose hazardous waste generated in the country.
Increasing volume of hazardous waste being generated especially by the pharmaceutical industry in various countries, owing to increasing promotion of research & development in emerging countries, is one of the major factors driving the growth of the hazardous waste management market. Growing number of small and medium quantity waste generators including physician offices, and other small quantity waste generators in countries such as the U.S., China, and India, are expected to generate increasing volumes of hazardous medical waste during the forecast period, leading to increasing demand for hazardous waste management services in these countries. These are factors expected to drive the hazardous waste management market during the forecast period.
The global hazardous waste management market is segmented on the basis of type of hazardous waste, waste generators, and hazardous waste management services. Based on type of hazardous waste, the global market is segmented into flammable, toxic, corrosive, infectious, radioactive, and other hazardous wastes. Among the types of hazardous waste, the infectious hazardous waste segment dominated the global market in 2016, owing to increasing volume of infectious waste generated by healthcare and pharmaceutical industries, especially in the U.S., and European countries. Based on waste generators, the global market is segmented into small quantity hazardous waste generators, medium quantity hazardous waste generators, and large quantity hazardous waste generators. In terms of revenues, the large quantity hazardous waste generators segment accounted for the largest share of the global market in 2016 owing to increasing hazardous waste being generated by municipal corporations, pharmaceutical companies, and other generators. Based on the hazardous waste management services, the global hazardous waste management market is segmented into collection, transportation, storage, waste treatment, and disposal services.
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Based on geography, the global hazardous waste management market is segmented into five regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for the largest share of the hazardous waste management market in 2016 in terms of revenue, owing to increasing hazardous municipal waste generated in the U.S., and Canada, along with high focus on the research & development segment in the pharmaceutical industry in the region, combined with increasing number of hazardous waste management companies operating in the U.S. market. Environmental Protection Agency (EPA) regulating the hazardous waste management in the U.S., and implementing various regulations regarding RCRA waste management, and regulations pertaining to disposal of hazardous waste through dedicated hazardous waste landfills and incineration, are some factors leading to a regulated and consolidated market scenario in the U.S. Europe accounted for second largest share of the hazardous waste management market in 2016. According to European Commission statistics, the combined volume of hazardous pharmaceutical waste generated by European Union countries in 2014 accounted for 6.6 million tons. Middle East & Africa region is expected to register comparatively higher CAGR during 2017-2025, owing to the growing pharmaceutical industry in the region, along with increasing number of contract research organizations in countries such as the UAE, Saudi Arabia, and Israel, expected to lead to increasing volume of hazardous pharmaceutical waste generated in the region.
Key players operating in the hazardous waste management market include CLEAN HARBORS, INC., American Waste Management Services, Inc., Veolia, SUEZ, Chloros Environmental Ltd, and SMS ENVOCARE LTD.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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