Industrial Waste Management Market Overview
According to a research survey conducted by ChemView Consulting, in 2022, the Global Industrial Waste Management Market was worth US$ 4,92,479.4 Mn and is expected to grow at a CAGR of 5.8% over the forecast period. While the historical CAGR is 5.5%, the market is expected to hit US$ 8,65,455.5 Mn by 2032 end.
As a result of the utilization of natural resources, waste is an unavoidable byproduct. Waste created by an industrial or manufacturing operation is referred to as industrial waste. Dirt, gravel, masonry, concrete, oil, rubbish, solvents, chemicals, weeds, trees, timber and scrap lumber, coal ash, boiler slags, and other similar debris are examples of industrial waste produced.
The conventional approach to the trash in most industrialized economies has been to dispose of it as cheaply as possible, giving little thought to what happens to the garbage once it leaves the producer’s facility. This situation is altering, though, as stricter waste management laws and an industry-wide commitment to improving environmental performance and meeting customer expectations reflect growing ecological consciousness.
ChemView Consulting has analyzed a significant demand for waste management systems. The production of industrial waste is rising globally as a result of increased industrialization and urbanization. As a result, industrialized and developing countries saw a growth in the need for waste management systems. The expansion of the industrial waste management market is also anticipated to be fueled by waste management awareness.
Due to growth-promoting factors, such as rigorous government regulations and greater industry focus on energy and resource recovery, the market for industrial waste management is predicted to expand throughout the projected period. The leading competitors in the industrial waste management market will likely have a lot of chances in the future due to the rising usage of recyclable items.
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Segments Covered in Report
By Service:
- Collection
- Recycling
- Landfill
- Incineration
By Waste Type :
- Agriculture Waste
- Construction & Demolition Waste
- Manufacturing Waste
- Chemical Waste
- Mining Waste
- Oil & Gas Waste
- Nuclear Waste
- Power Plant Waste
- Others
By Type:
- Hazardous
- Non-hazardous
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Key Takeaways from the Industrial Waste Management Market
- Based on the service, landfill industry accounted for 54.4% of the market. It is because landfills are a useful tool for managing garbage. As an illustration, about 146.1 million tonnes of municipal solid trash were landfilled in 2018. Such programs are assisting in the segment’s expansion.
- The Asia Pacific is a crucial area in the industrial waste management market. In 2021, Asia Pacific had a market share of 49.5%. Due to a rise in the creation and collection of the industrial waste year over year, it is anticipated to maintain its dominance over the projected period. Significant opportunity exists in the Asia Pacific to lower industrial waste, reuse and recycle trash, increase productivity and resource security, create jobs, and reduce threats to people and ecosystems.
Competition Summary
Key companies covered in the market study are Stericycle, Inc, Waste Management, Inc., Sembcorp Industries, Veolia, Suez, Reclay Group, Daiseki Co., Ltd., Enviroserv Waste Management (Pty) Ltd, Clean Harbors, Inc and SA Waste.
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Report Key Highlights
- Detailed information on factors that will assist Global Industrial Waste Management’s growth during the next ten years
- Assessment of the historical and current Global Industrial Waste Management Market size (2017-2021), market projections (2022-2032), and its contribution to the parent market
- The growth of the market across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa
- Segment-wise, country-wise, and region-wise market analysis
- Key drivers, restraints, opportunities, and key emerging trends impacting market growth
- Predictions on critical supply, demand, and technological trends and changes in consumer behavior
- Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
- Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
- Covid-19 impact on the market and how to navigate
- Strategic market analysis and recommendations on crucial winning strategies
About ChemView Consulting
ChemView Consulting is a leading information, market intelligence, and business consulting firm serving worldwide Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy, and Packaging clients. 70% of the largest Forbes 1000 enterprises are our clients. We serve global clients across leading & niche market segments across Chemicals & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging. ChemView Consulting serves clients in approximately 100 countries, with its office in the U.S. and delivery centers in India.
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