Infinium Global Research has added a new report on Global Hazardous Waste Management Market. The report covers the analysis of global as well as regional markets of hazardous waste management. Moreover, the report gives insights into the factors that affect the global as well as regional performance of the market in the short run and in the long run. According to the report, the global hazardous waste management market is projected to grow at a CAGR of 8.5% over the forecast period of 2019-2025.
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Hazardous Waste Management Market: Insights
Hazardous waste and its proper disposal have become a critical problem due to its impact on the environment and all living things. Hazardous wastes can be in the form of liquids, solids, sludges, or contaminated gases, and they are primarily generated by chemical manufacturing, production, and several other industrial processes.
Hazardous Waste Management Market: Drivers, Restraints and Opportunities
New and existing stringent legislation and policies such as the EU’s Landfill Directive, the US Clean Air Act, and new hazardous waste management rules in developing countries are some of the major market drivers. Furthermore, rapid industrialization is one of the major factor contributing to the growth of hazardous waste management market. Rapidly growing industries especially in developing countries such as India and China generating considerable volumes of hazardous waste that in turn rising the demand for hazardous waste management systems. However, the approach to hazardous waste management has improved with the implementation of various tight management plans across the globe.
Hazardous Waste Management Market: Regional Insights
Based on the region, the hazardous waste management market is segmented into North America, Europe, Asia Pacific and Rest of the World. In terms of revenue, North America dominated the market in 2016 and expected to keep its dominance over the forecast period. The growing healthcare sector, the presence of a large number of pharmaceutical companies and the heavy amount of infectious waste generated by them and the implementation of the Environmental Protection Agency (EPA) contributing to the growth of the market in this region. Europe is expected to stay in the second position in the global hazardous waste management market. According to the European Commission, the volume of hazardous waste generated by the pharmaceutical industry by European Union countries in 2014 accounted for 6.6 million tons. Asia-Pacific is a promising region for the growth of the hazardous waste management market. Rapidly growing industrialization, dense population and heavy disposal of chemical waste are collectively contributing to the market growth in this region.
Hazardous Waste Management Market: Segmentation
The report on global hazardous waste management market covers segments such as type of hazardous waste, waste generators, and hazardous waste management services. On the basis of type of hazardous waste, the sub-markets include flammable, toxic, corrosive, infectious, radioactive, and other hazardous wastes. On the basis of waste generators, the sub-markets include small quantity hazardous waste generators, medium quantity hazardous waste generators, and large quantity hazardous waste generators. On the basis of hazardous waste management services, the sub-markets include collection, transportation, storage, waste treatment, and disposal services.
Hazardous Waste Management Market: Competitive Landscape
The report provides profiles of the companies in the market such as Clean Harbors, Inc., American Waste Management Services, Inc., Veolia, Suez SA, Chloros Environmental Ltd, SMS Envocare. Ltd, and Tradebe.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Hazardous Waste Management.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.