About Industrial Waste Management
Industrial waste is the waste produced by industrial activity which includes any material that is rendered useless during a manufacturing process such as that of factories, mills, and mining operations. It includes scrap metals, oils, hazardous chemicals, solvents, concrete, etc. Discharge of this industrial waste in rivers and lands pollutes the environment. Industrial waste management service providers collect the industrial waste and recycle or dispose of it effectively. However, the government and regulatory bodies have implemented strict regulations for waste management to protect human health and the environment.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.4% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Industrial Waste Management market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Veolia (France), Waste Management Inc. (United States), Stericycle (United States), Covanta (United States), Waste Connections (United States), US Ecology (United States), Tradebe (United States), Perma-Fix (United States), Clean Harbors (United States), GFL Environmental Inc. (United States) and Republic Services (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Industrial Waste Management market by Type (Nonhazardous and Hazardous) and Region.
On the basis of geography, the market of Industrial Waste Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry, the sub-segment i.e. Chemicals will boost the Industrial Waste Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Waste Form, the sub-segment i.e. Solid will boost the Industrial Waste Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service, the sub-segment i.e. Waste Collection will boost the Industrial Waste Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Use of Innovative and Advanced Technologies for Proper Industrial Waste Management
Market Growth Drivers:
Rapidly Increasing Industrial Waste across the Globe Due to Growing Industrialization and Development and Government Stringent Regulations towards the Proper Management of Industrial Waste Doe to Increasing Environmental Concern
Challenges:
Inefficient Waste Collection Zones and Proper Infrastructure in Some Developing and Underdeveloped Countries
Restraints:
High-Cost Waste Management Activities and Inadequate Funding May Restraint the Growth
Opportunities:
Increasing Initiatives of Waste Management Companies to Pay Money for Waste
Market Leaders and their expansionary development strategies
In December 2023, EQT announce that the EQT Infrastructure VI fund has agreed to acquire a majority position in Heritage Environmental Services. The company's wide array of tailored solutions from waste disposal, on-site support, and technical solutions to emergency response and sustainability services, address customers' complex waste problems across more than a thousand waste types.
In February 2023, United Nations Development Programme (UNDP) and Hindustan Unilever Limited (HUL) have launched a project to create a circular economy for plastic in India. As a part of the partnership, we will help set up material recovery facilities for recycling all kinds of plastic waste along the value chain, and encourage 100,000 households to segregate their waste so it can be collected and processed more efficiently.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Industrial Waste Management Service Providers, Waste Recycling Equipment Manufacturers, Suppliers and Distributors of Waste Recycling Equipment, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.