Industrial Waste Management Market Size Overview:
The global Industrial Waste Management Market Size is projected to reach approximately USD 23,18,324.1 Million by 2030, at a CAGR of 8.7% from 2022 to 2030.
Various factors are propelling the global Industrial Waste Management Market Size share. According to the recent MRFR market estimates, such factors include growing concerns about waste management across the globe, increasing challenges associated to waste that are difficult to discard, increase in consumer spending, early disposing of usable products, increasing volume of hazardous waste from different industries like manufacturing, pharmaceutical, and healthcare, and growth in production activities. Additional factors adding market growth include increasing energy needs, mandatory regulations, and rules to encourage the use of industrial waste management solutions, and a rise in environmental awareness.
Drivers and Restraints
The increase in environmental issues and hazardous and non-hazardous waste resulting from rapid economic development would boost demand for waste management services. Less understanding of the environment within society also affects the demand for waste management. The big driver for the industry was rapid urbanisation and industrialisation. Driven by a increasing awareness of the adverse environmental effects of industrial waste, governments and environmental organizations have shifted their attention toward industrial waste management as a key field.
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Report Attribute/Metric | Details |
CAGR | ~8.7% |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Historical Data | 2019-2020 |
Forecast Units | Value USD Billion |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | By Type, By Service, By Regions |
Geographies Covered | North America (US, Canada, and Mexico), Europe (UK, Germany, France, Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Middle East Africa, South America |
Segmental Analysis
Market Outlook By Waste Type
- Construction Demolition Waste
- Manufacturing Waste
- Chemical Waste
- Mining Waste
- Oil Gas Waste
- Agriculture Waste
- Nuclear Waste
- Others
Market Outlook By Service
- Landfill
- Recycling
- Incineration
Regional overview
The geographical overview of the global market has been analyzed in four major regions, comprising the Asia Pacific, Europe, North America, and the rest of the world.
Major factors responsible for the growth of North America's online travel market are the rising demand for CRM solutions across various industries, and the adoption of mobile booking technology and travel apps. Focusing on tourism in Europe is seen as one of the main pillars for job growth and sustainable economic development. In Asia-Pacific, developments in travel technology are boosting the growth of the online travel industry.
The growth of this market in the Middle East and South America is responsible for the rising scope of the Internet, technological advances and increasing tourism services. Asia-Pacific is expected to boost demand for industrial waste management services, owing to the presence of densely populated countries like China and India where urban penetration is growing. In addition, government measures in India are projected to fuel demand for industrial waste management facilities, such as Swachh Bharat Abhiyan
North America and Europe are critical growth zones, and are expected to hold large market shares over the next few years. Such regions' growing industrial sector is fuelling demand for solutions to waste disposal. Additionally, the stringent laws enforced for regulating the industrial waste management due to rising environmental concerns is another factor responsible for market proliferation. Europe is projected to drive the market share of industrial waste management in the near future, due to a rise in favorable policy policies along with the adoption of high-end management services technology.
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Competitive Landscape
The major market players operating in the global market as identified by MRFR are Veolia Environmental, EnviroServ Waste, SembCorp, Reclay Group, SA Waste Holding Pvt Ltd., Suez Environnement, Stericycle Inc., Himark BioGas Inc., and Clean Harbor.
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