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Hazardous Waste Management - Global Market Outlook (2019-2027)

Hazardous Waste Management - Global Market Outlook (2019-2027)

4.2 (41 reviews)
Published: June 2020 ID: SMRC19275
4.2 (41 reviews)
Published: June 2020 ID: SMRC19275

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Hazardous Waste Management Market is accounted for $26.35 billion in 2019 and is expected to reach $48.06 billion by 2027 growing at a CAGR of 7.8% during the forecast period. Some of the key factors propelling the market growth include growing number of awareness programs for waste management, rapid urbanization and industrialization along with the rising population, increasing waste disposal activities, and government initiatives for waste management. However, requirement of high capital investments is restricting the market growth.

Hazardous waste management refers to a carefully organized system in which wastes go through appropriate pathways to their ultimate elimination or disposal in ways that protect human health and the environment. It involves generation, treatment, and disposal of hazardous wastes. It involves reducing the amount of hazardous substances produced, treating hazardous wastes to reduce their toxicity, and applying sound engineering controls to reduce or eliminate exposures to these wastes.

By waste type, industrial & manufacturing waste segment is anticipated to grow at the significant growth during the forecast period. This waste is considered to be one of the most hazardous waste materials produced. Some of the major wastes generated by the industries are paints, solvents, paper products, sandpaper, metals, industrial by-products and radioactive wastes. Governments all over the world are trying to keep the generation of industrial waste in control by imposing various laws and regulations on the industries to minimize the industrial and manufacturing waste to the maximum level and reduce their toxic effects.

On the basis of geography, North America is expected to have considerable market growth during the forecast period. Hospitals are major generators of medical waste in the U.S., owing to the increase in number of surgical procedures performed in these settings and longer duration of hospital stays of patients suffering from chronic diseases. Canada is likely to significantly contribute to the hazardous waste management market in North America. Nuclear utilities as well as the Canadian Nuclear Laboratories (CNL) are responsible for the disposal of nuclear wastes, primarily low level and intermediate level waste.

Some of the key players in hazardous waste management market include Veolia, Morgan Group, Suez, CLEAN HARBORS, INC., Bechtel Corporation, SMS Envocare Ltd, Waste Connections Inc., Waste Management, Inc., Recology Inc., Envion India, Stericycle Inc., Republic Services, Inc., Chloros Environmental Ltd, American Waste Management Services, Inc., Daniels SharpSmart, Inc., and Republic Services Inc.

Treatment Types Covered:
• Physical & Chemical
• Incineration
• Autoclaving
• Biological
• Thermal

Waste Types Covered:
• Pharmaceutical Waste
• Sharps
• Industrial & Manufacturing Waste
• Pathological Waste
• Corrosive
• Toxic
• Nuclear
• Flammable
• Domestic Waste
• Explosive
• Biomedical Waste
• Chemical

Treatment Sites Covered:
• On-Site
• Off Site

Service Types Covered:
• Treatment & Disposal
• Collection, Transportation & Storage
• Recycling

Applications Covered:
• Medical
• Industrial

Chemical Compositions Covered:
• Organic
• Inorganic

Disposal Methods Covered:
• Deep Well Injection
• Detonation
• Land Burial
• Engineered Storage
• Ocean Dumping

Physical States Covered:
• Solid
• Liquid
• Sludge

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain
o Rest of Europe      
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand      
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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