Press release
Global Environment Health And Safety Market Projected to Surpass $14.35 Billion by 2029 with 10.8% Annual Growth
Environment Health And Safety Market Size
The rising goals for waste reduction are predicted to fuel the expansion of the environment health and safety market in the future. Waste reduction targets, defined as specific aims by individuals, groups, or governments to decrease waste production, disposal, or landfill contribution within a particular period, are increasingly needed due to heightened worldwide awareness of the pressing demand for environmental preservation and transformation towards a more cyclic and sustainable economy. These targets integrate considerations of environmental health and safety to curb pollution, minimize the creation of hazardous waste, and protect ecosystems and human health, thus encouraging sustainable waste management methods. For example, as reported by the gov.uk, a UK-located information website, in 2022, the UK disposed of 6.3 million tons of biodegradable municipal waste in landfills, with England partaking in 81% of this total. England independently generated 5.1 million tons of the total UK biodegradable waste that was landfill disposed that year. Hence, enhanced waste reduction targets stimulate the growth of the environment health and safety market.
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What is the projected compound annual growth rate (CAGR) of the environment health and safety market from 2025 to 2034, and what factors influence it?
The market size of environment health and safety has seen a considerable expansion over the recent years. The anticipated growth is expected to take it from a value of $8.55 billion in 2024 to $9.51 billion in 2025, marking an impressive compound annual growth rate (CAGR) of 11.2%. This growth during the historical period is owed to a variety of factors like the increased popularity of mobile applications focused on environmental health and safety, the implementation of stringent rules and regulations, a heightened public awareness of environmental health and safety, various industries' efforts to minimize waste and optimize process efficiency, as well as the rise in regulations ensuring employee safety.
In the coming years, the market size of environment health and safety is projected to experience swift augmentation, reaching an estimated worth of $14.35 billion by 2029, with a compound annual growth rate (CAGR) of 10.8%. The projected growth during the forecast period could be a result of the escalating governmental rules for environmental safeguarding, growth in business numbers, amplified industrial investments in EHS IT software for adherence with OSHA and EPA stipulations, and heightened goals for waste reduction. Key trends for the forecast period encompass the advancement of research and development centers, technological progression, innovation, and protocols encouraging lesser carbon emissions.
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What are the most significant trends transforming the environment health and safety market today?
Leading firms within the environment, health, and safety market, like SAP SE, are channelling their efforts into establishing innovative private cloud editions, such as the SAP S/4HANA Cloud Private Edition. These aim to aid businesses in redefining their EHS procedures and fostering sustainable expansion. The SAP S/4HANA Cloud Private Edition is a versatile cloud solution that's designed to cater to individual companies' unique demands, granting adaptability in their cloud deployment. For instance, in 2023, the SAP S/4HANA Cloud Private Edition was launched by Germany's SAP SE, boasting fresh attributes to streamline the environmental, health, and safety (EHS) operations. This empowers organizations to detect and reduce risks, evaluate threats, enforce preventive steps, and keep track of risk controls. The technology showcases its capabilities in automation, system unification and transparency, thereby aiding businesses in re-envisioning their EHS procedures and realising sustainable growth.
What are the major segments of the environment health and safety market and their role in driving growth?
The environment health and safety market covered in this report is segmented -
1) By Component: Software, Services
2) By Deployment Mode: Cloud, On-Premise
3) By Application: Medical And Pharmaceutical Waste Management, Industrial Waste Management, Wastewater Management, Other Applications
4) By Vertical: Energy And Utilities, Chemicals And Materials, Healthcare, Construction And Engineering, Food And Beverage, Government And Defense, Manufacturing, Other Verticals
Subsegments:
1) By Software: Environmental Management Software (Ems), Health And Safety Management Software (Hsms), Risk Management Software, Compliance Management Software, Incident Management Software, Environmental, Health, And Safety (Ehs) Analytics Software, Audit And Inspection Management Software, Occupational Health Management Software, Sustainability Reporting Software, Energy Management Software, Document Management Software For Ehs, Safety Training And Learning Management Systems (Lms)
2) By Services: Consulting Services, Implementation And Integration Services, Training And Education Services, Audit And Inspection Services, Risk Assessment And Compliance Services, Managed Services, Environmental Impact Assessment (Eia) Services, Safety And Risk Management Services, Occupational Health And Wellness Services, Incident Investigation And Reporting Services, Ehs Compliance And Regulatory Advisory Services, Outsourced Environmental Monitoring Services
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Which regions are key players in the growth of the environment health and safety market?
North America was the largest region in the environment health and safety market in 2024. Europe is expected to be the fastest growing region in the market. The regions covered in the environment health and safety market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the key firms paving the way for growth in the environment health and safety market?
Major companies operating in the environment health and safety market are Microsoft Corporation, International Business Machines Corporation, Honeywell International Inc., SAP SE, Salesforce Inc., NEC Corporation, Ball Corporation, Jacobs Engineering Group Inc., AECOM Inc., ERM Group Inc., Blackstone Inc., SGS SA, Wolters Kluwer N.V., John Wood Group PLC, Hexagon AB, TETRA Technologies Inc., UL Solutions Inc., RPS Group plc, Valsoft Corporation Inc., Alcumus HSE Limited, Ideagen plc, Intelex Technologies Inc., Quentic GmbH, Cority Software Inc., Benchmark ESG, Evotix Limited.
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What Is Covered In The Environment Health And Safety Global Market Report?
• Market Size Forecast: Examine the environment health and safety market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the environment health and safety market for a structured understanding.
• Key Players Overview: Analyze major players in the environment health and safety market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the environment health and safety market.
• Segment Contributions: Evaluate how different segments drive overall growth in the environment health and safety market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the environment health and safety market.
• Industry Challenges: Identify potential risks and obstacles affecting the environment health and safety market.
• Competitive Landscape: Review strategic developments in the environment health and safety market, including expansions, agreements, and new product launches.
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