The global hazardous waste treatment and management market was valued at USD 35.9 billion in 2018 and is expected to reach USD 55.4 billion in 2026, growing at a CAGR of 5.5% during the forecast period.
Hazardous waste is the material that is characterized as inflammable, explosive, oxidizing, infectious, radioactive, poisonous, reactive or toxic in nature. Hazardous waste management includes the conversion of the waste material completely into decomposable substance or performing various treatments in order to derive the useful material out of the waste. Hazardous waste management includes various biological, chemical, or physical processes depending on the type of waste.
High e-waste generation and government initiatives to control hazardous waste are significantly driving the growth of the market. Further, regulations such as the Resource Conservation and Recovery Act (RCRA) for the proper management of hazardous and non-hazardous solid waste in the US have significantly contributed to the growth of the market. However, there is considerable demand for cost-effective and environmentally protective solutions for hazardous waste management. Growing waste generation has made it primarily important for waste management officials to develop effective strategies to manage hazardous waste safely and cost-effectively which is expected to contribute to the growth of the market in the near future.
Hazardous Waste Treatment and Management Market Segmentation |
|
| By Service Type | 1. Transportation & Storage |
| 2. Recycling Service | |
| 3. Waste Treatment and Disposal Services | |
| By Waste Type | 1. Industrial Waste |
| 2. Biomedical Waste | |
| 3. Domestic Waste | |
| 4. Others | |
| By Region | 1. North America (US and Canada) |
| 2. Europe (UK, Germany, France and Rest of Europe) | |
| 3. Asia Pacific (China, Japan, India and Rest of Asia Pacific) | |
| 4. Latin America (Brazil, Mexico and Rest of Latin America) | |
| 5. Middle East & Africa (GCC and Rest of Middle East & Africa) | |
The recycling service segment is expected to grow at the fastest rate, a CAGR of 6.8%, during the forecast period
Based on service type, the hazardous waste treatment and management market has been segmented into transportation & storage, recycling service, and waste treatment and disposal services. Among these types of services, the recycling service segment is projected to exhibit the fastest growth in the global market during the forecast period. There are various government initiatives for the recycling of products, and the transition towards electric & hybrid vehicles is further anticipated to fuel the market growth in the near future. EPA has developed regulations for the recycling of hazardous waste, in order to promote the reclamation of useful waste materials.
Based on waste type, the industrial waste segment contributes a major share in the global market
Based on waste type, the hazardous waste treatment and management market has been segmented into industrial waste, biomedical waste, domestic waste, and others. The industrial waste segment accounted for around 42% share in the global hazardous waste treatment and management market in 2018. A large quantity of hazardous waste is generated from several verticals across the globe, which includes biotechnology & pharmaceutical companies, chemical plants, textile industries, petrochemical industries, and food processing industries. This marks a significant adoption of hazardous waste treatment and management services to regulate these wastes.
The Asia Pacific to exhibit the fastest growth in the global hazardous waste treatment and management market throughout the forecast period
Asia Pacific is projected to witness the fastest growth rate, at a CAGR of 7.2%, in the global hazardous waste treatment and management market during the forecast period. Significant growth in the consumer electronics market coupled with the government focus on e-waste management is boosting the growth of the hazardous waste treatment and management market in the region. Moreover, rapid industrialization and the government initiatives for management of household waste and e-waste are other factors that significantly drive the growth of the hazardous waste treatment and management market in Asia Pacific.
Company Profiles and Competitive Intelligence
The major players operating in the global hazardous waste treatment and management market are Waste Management, Inc. (US), Veolia Environnement S.A. (France), Stericycle, Inc. (US), Covanta Holding Corp. (US), Clean Harbors, Inc. (US), Hoover Ferguson Group, Inc. (US), Remondis SE & Co. KG (Germany), Rumpke Consolidated Companies, Inc. (US), Rubicon Global Holdings LLC (US), and SUEZ SA (France), among others.
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TABLE OF CONTENT
Chapter 1 Executive Summary
1.1. Market Summary
1.1.1. Global Hazardous Waste Treatment and Management Market, 2016-2026, (USD Million)
1.2. Market Snapshot: Global Hazardous Waste Treatment and Management Market
1.3. Market Dynamics
1.4. Global Hazardous Waste Treatment and Management Market, by Segment, 2018
1.4.1. Global Hazardous Waste Treatment and Management Market, by Service Type, 2018, (USD Million)
1.4.2. Global Hazardous Waste Treatment and Management Market, by Waste Type, 2018, (USD Million)
1.4.3. Global Hazardous Waste Treatment and Management Market, by Region, 2018 (USD Million)
1.5. Premium Insights
1.5.1. Hazardous Waste Treatment and Management Market In Developed Vs. Developing Economies, 2018 vs 2026
1.5.2. Global Hazardous Waste Treatment and Management Market: Regional Life Cycle Analysis
Chapter 2 Market Dynamics
2.1. Market Overview
2.2. Market Drivers
2.2.1. Biomedical Waste is growing demand for waste management
2.2.2. Mounting E-waste is advancing the waste management activities
2.3. Market Restraints
2.3.1. High capital investments for waste management
2.4. Market Opportunities
2.4.1. Technological development in hazardous waste management
2.4.2. Significant investment for waste management
2.5. Industry Value Chain Analysis
2.6. Pricing Analysis
2.7. Porter’s Five Forces Analysis
Chapter 3 Global Hazardous Waste Treatment and Management Market, by Service Type
3.1. Market Overview, by Service Type
3.1.1. Global Hazardous Waste Treatment and Management Market, by Service Type, 2016-2026 (USD Million)
3.1.2. Incremental Opportunity, by Service Type, 2018
3.2. Transportation & Storage
3.2.1. Global Hazardous Waste Treatment and Management Market, by Transportation & Storage, 2016-2026, (USD Million)
3.3. Recycling Service
3.3.1. Global Hazardous Waste Treatment and Management Market, by Recycling Service, 2016-2026, (USD Million)
3.4. Waste Treatment and Disposal Service
3.4.1. Global Hazardous Waste Treatment and Management Market, by Waste Treatment and Disposal Service, 2016-2026, (USD Million)
Chapter 4 Global Hazardous Waste Treatment and Management Market, by Waste Type
4.1. Market Overview, by Waste Type
4.1.1. Global Hazardous Waste Treatment and Management Market, by Waste Type, 2016-2026 (USD Million)
4.1.2. Incremental Opportunity, by Waste Type, 2018
4.2. Biomedical Waste
4.2.1. Global Hazardous Waste Treatment and Management Market, by Biomedical Waste, 2016-2026, (USD Million)
4.3. Industrial Waste
4.3.1. Global Hazardous Waste Treatment and Management Market, by Industrial Waste, 2016-2026, (USD Million)
4.4. Domestic Waste
4.4.1. Global Hazardous Waste Treatment and Management Market, by Domestic Waste, 2016-2026, (USD Million)
4.5. Others
4.5.1. Global Hazardous Waste Treatment and Management Market, by Others, 2016-2026, (USD Million)
Chapter 5 Global Hazardous Waste Treatment and Management Market, by Region
5.1. Market Overview, by Region
5.1.1. Global Hazardous Waste Treatment and Management Market, by Region, 2016-2026, (USD Million)
5.2. Attractive Investment Opportunity, by Region, 2018
5.3. North America Hazardous Waste Treatment and Management Market
5.3.1. North America Hazardous Waste Treatment and Management Market, by Service Type, 2016-2026 (USD Million)
5.3.2. North America Hazardous Waste Treatment and Management Market, by Waste Type, 2016-2026 (USD Million)
5.3.3. United States Hazardous Waste Treatment and Management Market, 2016-2026 (USD Million)
5.3.4. Canada Hazardous Waste Treatment and Management Market, 2016-2026 (USD Million)
5.4. Europe Hazardous Waste Treatment and Management Market
5.4.1. Europe Hazardous Waste Treatment and Management Market, by Service Type, 2016-2026 (USD Million)
5.4.2. Europe Hazardous Waste Treatment and Management Market, by Waste Type, 2016-2026 (USD Million)
5.4.3. United Kingdom Hazardous Waste Treatment and Management Market, 2016-2026 (USD Million)
5.4.4. Germany Hazardous Waste Treatment and Management Market, 2016-2026 (USD Million)
5.4.5. France Hazardous Waste Treatment and Management Market, 2016-2026 (USD Million)
5.4.6. Rest of Europe Hazardous Waste Treatment and Management Market, 2016-2026 (USD Million)
5.5. Asia Pacific Hazardous Waste Treatment and Management Market
5.5.1. Asia Pacific Hazardous Waste Treatment and Management Market, by Service Type, 2016-2026 (USD Million)
5.5.2. Asia Pacific Hazardous Waste Treatment and Management Market, by Waste Type, 2016-2026 (USD Million)
5.5.3. China Hazardous Waste Treatment and Management Market, 2016-2026 (USD Million)
5.5.4. Japan Hazardous Waste Treatment and Management Market, 2016-2026 (USD Million)
5.5.5. India Hazardous Waste Treatment and Management Market, 2016-2026 (USD Million)
5.5.6. Rest of Asia Pacific Hazardous Waste Treatment and Management Market, 2016-2026 (USD Million)
5.6. Latin America Hazardous Waste Treatment and Management Market
5.6.1. Latin America Hazardous Waste Treatment and Management Market, by Service Type, 2016-2026 (USD Million)
5.6.2. Latin America Hazardous Waste Treatment and Management Market, by Waste Type, 2016-2026 (USD Million)
5.6.3. Brazil Hazardous Waste Treatment and Management Market, 2016-2026 (USD Million)
5.6.4. Mexico Hazardous Waste Treatment and Management Market, 2016-2026 (USD Million)
5.6.5. Rest of Latin America Hazardous Waste Treatment and Management Market, 2016-2026 (USD Million)
5.7. Middle East & Africa Hazardous Waste Treatment and Management Market
5.7.1. Middle East & Africa Hazardous Waste Treatment and Management Market, by Service Type, 2016-2026 (USD Million)
5.7.2. Middle East & Africa Hazardous Waste Treatment and Management Market, by Waste Type, 2016-2026 (USD Million)
5.7.3. GCC Hazardous Waste Treatment and Management Market, 2016-2026 (USD Million)
5.7.4. Rest of Middle East & Africa Hazardous Waste Treatment and Management Market, 2016-2026 (USD Million)
Chapter 6 Competitive Intelligence
6.1. Top 5 Players Comparison
6.2. Market Positioning of Key Players, 2018
6.3. Market Players Mapping
6.3.1. By Service Type
6.3.2. By Waste Type
6.3.3. By Region
6.4. Strategies Adopted by Key Market Players
6.5. Recent Developments in the Market
6.5.1. Mergers & Acquisitions, Partnership, New Type Developments
Chapter 7 Company Profiles
7.1. Stericycle, Inc.
7.1.1. Stericycle, Inc.Overview
7.1.2. Stericycle, Inc.Types Portfolio
7.1.3. Stericycle, Inc.Financial Overview
7.1.4. Stericycle, Inc.News/Recent Developments
7.2. Veolia Environnement S.A.
7.2.1. Veolia Environnement S.A.Overview
7.2.2. Veolia Environnement S.A.Types Portfolio
7.2.3. Veolia Environnement S.A.Financial Overview
7.2.4. Veolia Environnement S.A.News/Recent Developments
7.3. Covanta Holding Corp.
7.3.1. Covanta Holding Corp.Overview
7.3.2. Covanta Holding Corp.Types Portfolio
7.3.3. Covanta Holding Corp.Financial Overview
7.3.4. Covanta Holding Corp.News/Recent Developments
7.4. Clean Harbors, Inc.
7.4.1. Clean Harbors, Inc. Overview
7.4.2. Clean Harbors, Inc. Types Portfolio
7.4.3. Clean Harbors, Inc. Financial Overview
7.4.4. Clean Harbors, Inc. News/Recent Developments
7.5. Waste Management Inc.
7.5.1. Waste Management Inc. Overview
7.5.2. Waste Management Inc. Types Portfolio
7.5.3. Waste Management Inc. Financial Overview
7.5.4. Waste Management Inc. News/Recent Developments
7.6. Hoover Ferguson Group, Inc.
7.6.1. Hoover Ferguson Group, Inc. Overview
7.6.2. Hoover Ferguson Group, Inc. Types Portfolio
7.6.3. Hoover Ferguson Group, Inc. Financial Overview
7.6.4. Hoover Ferguson Group, Inc. News/Recent Developments
7.7. Remondis SE & Co. KG
7.7.1. Remondis SE & Co. KGOverview
7.7.2. Remondis SE & Co. KGTypes Portfolio
7.7.3. Remondis SE & Co. KGFinancial Overview
7.7.4. Remondis SE & Co. KGNews/Recent Developments
7.8. Rumpke Consolidated Companies, Inc.
7.8.1. Rumpke Consolidated Companies, Inc. Overview
7.8.2. Rumpke Consolidated Companies, Inc. Types Portfolio
7.8.3. Rumpke Consolidated Companies, Inc. Financial Overview
7.8.4. Rumpke Consolidated Companies, Inc. News/Recent Developments
7.9. Rubicon Global Holdings LLC
7.9.1. Rubicon Global Holdings LLC Overview
7.9.2. Rubicon Global Holdings LLC Types Portfolio
7.9.3. Rubicon Global Holdings LLC Financial Overview
7.9.4. Rubicon Global Holdings LLC News/Recent Developments
7.10. SUEZ SA
7.10.1. SUEZ SA Overview
7.10.2. SUEZ SA Types Portfolio
7.10.3. SUEZ SA Financial Overview
7.10.4. SUEZ SA News/Recent Developments
Chapter 8 Preface
8.1. Data Triangulation
8.2. Research Methodology
8.2.1. Phase I – Secondary Research
8.2.2. Phase II – Primary Research
8.2.3. Phase III – Expert Panel Review
8.2.4. Approach Adopted
8.2.4.1. Top-Down Approach
8.2.4.2. Bottom-Up Approach
8.2.5. Supply- Demand side
8.2.6. Breakup of the Primary Profiles
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