Market Research Report
Global Hazardous Waste Management Market Research and Forecast, 2019-2025
|Published by||Orion Market Research Pvt Ltd||Product code||801127|
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|Global Hazardous Waste Management Market Research and Forecast, 2019-2025|
|Published: February 26, 2019||Content info:||
Global Hazardous Waste Management Market Size, Share & Trends Analysis Report by Service Type (Transportation & Storage, Recycling Service, and Waste Treatment and Disposal Service), by Waste Type (Biomedical Waste, Industrial Waste, Domestic Waste, and Others) and Forecast, 2019-2025
Global hazardous waste management market is estimated to grow with a significant rate during the forecast period. Waste from various sources such as industries, hospitals, electronic devices, and many others have been classified into hazardous and non-hazardous waste on the basis of its constituents. According to various regulatory bodies, any of the material possessing properties such as inflammability, explosiveness, oxidizing, infectious, radioactivity, poisonous, reactivity or toxicity is considered as hazardous waste material. Regulatory bodies are raising concerns to curb the adverse effect of hazardous waste on the ecosystem. Organizations such as EPA (Environment Protection Agency), UNEP (United Nations Environment Program) are regularly monitoring waste management activities.
A significant surge in industrial and biomedical waste, increasing awareness about waste management due to stringent government regulations, degrading quality of ecosystem leading to environmental concerns, improvised disposable techniques and mounting electronic component disposal are some of the major factors propelling the global hazardous waste management market across the globe. Contractual services are being preferred for managing waste and these contractual services are adopting advanced techniques for disposal of hazardous waste material. Contractual activities are estimated to increase significantly in number due to the growing amount of waste material. Global hazardous waste management market is segmented into transportation & storage, recycling service, and waste treatment & disposal services on the basis of service type. Moreover, the market on the basis of waste type is segmented into biomedical waste, industrial waste, domestic waste, and others.
Global hazardous waste management market comprises of various companies such as Chloros Environmental Ltd., Clean Harbors, Inc., Hoover Ferguson Group, Inc., Sharps Compliance, Inc., Veolia Environment S.A., Verisk 3E, American Waste Management Services, Inc, Covanta Holding Corp. and so forth. Market players are facing challenges as the waste disposal techniques requires huge capital spending and it is challenging the operational facilities of the companies. Geographical expansion is one of the key strategies for market players. Companies are eyeing potential regions of Asia-Pacific due to a significant increase in the amount of hazardous waste in the region. RDE investments have increased by many folds due to the growing requirement for technologically advanced methods for hazardous waste disposal. Investment in RDE activities helps companies to strengthen their service portfolio. Companies are targeting industries in China and India which are generating hazardous waste in order to gain consumer base.
The market study of the global hazardous waste management market is incorporated by extensive primary and secondary research conducted by a research team at OMR. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from Secondary research have been authenticated by conducting primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
The report is intended for research organizations, investment companies, government organizations for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.