Industrial Waste Management Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

Industrial Waste Management is the process of collecting, treating, and disposing of industrial waste products. Additionally, products can also be recycled and reused. Industrial waste is defined as waste that is generated by an industrial or manufacturing activity. The types of industrial waste generated include dirt and gravel, masonry and concrete, scrap metals, oil, trash, solvents, chemicals, weed grass and trees, wood and scrap lumber, coal ash, boiler slags, and similar waste. Poorly managed waste can have an enormous impact on the health, environment, and economy of the city and its people. Thus, waste management is an important part of the urban infrastructure as it ensures the protection of the environment and of human health. Therefore, the ongoing industrialization, combined with a growing consumer preference for manufactured goods, has increased manufacturing output levels, which will have a positive impact on the global industrial waste management industry landscape.
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According to ‘UnivDatos Market Insights (UMI)’ research report “Industrial Waste Management Market Analysis, 2020”, the Industrial Waste Management market is projected to grow at a CAGR of ~6% during 2021-27F. According to The World Bank Group, 2.01 billion tons of solid waste is generated per year globally. At least 33% of this waste is not managed in an environmentally safe manner. The waste generated per person per day, worldwide averages 0.74 kilograms and ranges widely from 0.11 to 4.54 kilograms. High-income countries, even after being only 16% of the world’s population generate 34% of the total waste i.e., 683 million tons of the world’s waste.

In addition, the World Bank Group has also predicted that the global waste generated will grow to 3.40 billion tons by 2050, which is more than double the population growth at the same time. This is because of the positive correlation between waste generation and income level. The waste generation projection in high income countries is 19% by 2020 and on the other hand, that of low- and middle-income countries is expected to increase approximately by 40% or more.

The global impact of COVID-19 has been unprecedented and staggering, with the industry witnessing a negative demand shock across all regions amid the pandemic. The livelihoods of informal workers who depend on the SWM sector have been heavily affected by the lockdown. The crisis has highlighted the highly unsafe conditions they work under—even during ordinary times. Furthermore, Industrial and commercial waste production has fallen drastically due to the slowdown in manufacturing activity. In addition, recycling of plastic and other products has slowed substantially. While the immediate driver for the slowdown is the perceived risk of COVID-19 transmission, other key factors include supply chain disruptions and reductions of manufacturing and commercial activity. Thus, negatively impacting the market.

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Based on Service, the market is bifurcated into collection, recycling, incineration, and landfill. In 2020, collection services accounted for the majority share in the global industrial waste management market. Industrial waste poses risks for both the environment and human health and can cause contamination of soil, air, and water if it is not properly disposed of. Therefore, it is important for industries to properly collect waste by separating the waste by type for effective disposal.
On the basis of Type, the market is categorized into hazardous and non-hazardous. Among the two, waste management of hazardous waste is expected to witness strong growth-share during the forecast period. Growing concern about proper treatment and disposal of hazardous industrial waste is one of the primary factors driving the category’s growth. Furthermore, the management of hazardous waste is a process that includes the collection, recycling, treatment, transportation, disposal, and monitoring of wastes disposal sites. In the current scenario of developing countries, hazardous wastes are often disposed of directly into the environment posing health and environmental risk. Thus, with proper waste treatment practices, the properties of hazardous industrial waste can be changed and it can be made less harmful. This includes physical treatment, chemical treatment, and biological treatment.

Based on Industry, the industrial waste management market has been bifurcated into Pharmaceutical, Pulp & Paper, Food & Beverage, Electronics, Automotive, and Others. Among these, pharmaceutical industry waste management will continue to grow at a steady rate during the forecast period. This is mainly due to the stringent government mandates for collecting and disposing of the highly toxic and organic wastes generated by the industry. Furthermore, various industry players have increased their investments and moving towards sustainable waste collection and treatment methods, mainly to reduce the harmful effects of waste on the environment as well as human health.

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APAC to witness Significant Growth

For a better understanding of the market adoption of Industrial Waste Management Industry, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of APAC), and Rest of World. During the forecast period, APAC is expected to have the highest CAGR due to ongoing industrialization and growing consumer inclination toward manufactured goods, which have fueled manufacturing output levels, positively influencing the global industrial solid waste management industry landscape. As developing countries such as China and India undergoing rapid industrialization and urbanization, they must deal with greater quantities of more diverse materials. They frequently host hazardous waste-intensive industries such as oil refining, petrochemicals, pharmaceutical manufacturing, and metal production. Furthermore, a lack of training in modern solid waste management practices complicates efforts to improve the region's solid waste service. However, stringent government regulations and increasing awareness across industries to treat hazardous waste have been driving the market of industrial waste management in the APAC region.

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Industrial Waste Management Market are Suez SA, Veolia Environnement S.A, Waste Management Inc., Stericycle Inc., Remondis, Daiseki Co. Ltd., Clean Harbors Inc., Biffa plc, Covanta Holding Corporation, and Sembcorp Industries., among others. The players are focused on launching new solutions and services, partnerships, and collaborations with major companies expanding their geographical reach to get a competitive edge in the industry.
“Industrial Waste Management Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Industrial Waste Management providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on 16 parameters. This will help companies in the formulation of go to Market Strategies and identifying the blue ocean for its offerings.

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Market Segmentation:

1.      By Service (Collection, Recycling, Incineration, And Landfill)

2.      By Type (Hazardous and Non-hazardous)

3.      By Industry (Pharmaceutical, Pulp & Paper, Food & Beverage, Electronics, Automotive, and Others)

4.      By Region (North America, Europe, Asia-Pacific, Rest of the World)

5.      By Company (Suez SA, Veolia Environnement S.A, Waste Management Inc., Stericycle Inc., Remondis, Daiseki Co. Ltd., Clean Harbors Inc., Biffa plc, Covanta Holding Corporation, and Sembcorp Industries)

Key questions answered in the study:

1.      What are the current and future trends of the Industrial Waste Management industry?

2.      How the industry has been evolving in terms of type and industry areas?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the Industrial Waste Management industry?

5.      What is the customer orientation, purchase behavior, and expectations from the Industrial Waste Management firms across various regions?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 IMPACT OF COVID-19 ON THE INDUSTRIAL WASTE MANAGEMENT MARKET

6 INDUSTRIAL WASTE MANAGEMENT MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY SERVICE

8 MARKET INSIGHTS BY TYPE

9 MARKET INSIGHTS BY INDUSTRY

10 MARKET INSIGHTS BY REGION

11 INDUSTRIAL WASTE MANAGEMENT MARKET DYNAMICS

12 INDUSTRIAL WASTE MANAGEMENT MARKET OPPORTUNITIES

13 INDUSTRIAL WASTE MANAGEMENT MARKET TRENDS

14 POLICY AND REGULATORY LANDSCAPE

15 DEMAND AND SUPPLY-SIDE ANALYSIS

16 COMPETITIVE SCENARIO

17 COMPANY PROFILED

18 DISCLAIMER

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