Industrial waste comprises materials, which are unusable in manufacturing units or factories, mills, industries or any other activities such as mining, medicine, and agriculture. Waste management activity includes collection, transport, treatment, and disposal of waste together with monitoring and regulation of waste management. Industrial waste can be classified into solid, liquid, or gas, hazardous and no-hazardous, mining waste, agriculture waste, manufacturing waste, energy waste, and chemical waste. Increased industrialization and urbanization leads to growing amount of industrial solid waste such as chemically treated wood and contaminated soil. Government organizations, such as EPA and EEA, provided specific guidelines for industrial waste management to be followed by countries.
COVID-19 scenario analysis:
- Maintaining basic urban service delivery, which includes waste collection and management, has become a major issue for cities experiencing COVID-19 exit problems.
- The rapid growth of waste creates major challenges in emerging markets. When not properly treated, the waste sector has serious health, safety, and environmental consequences — especially in developing countries, where waste is often burned or dumped in unplanned dumps.
- The use of Artificial intelligence (AI) can help to reduce operating costs, and at the same time, can increase customer satisfaction during the refresh process, claims, and other services.
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
The waste management process involves waste collection, processing, recycling, and disposal in an efficient and efficient manner. Pollution control focuses on recycling, reducing, and reusing waste. Industries are focused on raw material that can easily be removed or reused or recycled.
Increased concerns related to health and pollution-free result in countries demanding for waste management services. Advancement in technology related to waste management technique has also been a significant factor, which has led the market to grow.
Rise in number of industries led to increase in amount of waste generated by industries. However, they lack rules, regulations, and initiatives to reduce the waste, leading to hampering the growth of the global industrial waste management market.
The rising cost of recycling is expected to challenge the waste management market. In addition, rising global inflation and electricity costs could affect the market. Lack of proper waste collection infrastructure in many regions can also be a challenge for the market growth.
Key benefits of the report:
- This study presents the analytical depiction of the global industrial waste management market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global industrial waste management market share.
- The current market is quantitatively analyzed to highlight the global industrial waste management market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years.
Industrial Waste Management Market Report Highlights
By Industry Vertical
Key Market Players
SembCorp, Hitachi Zosen Corporation, Waste Processing Equipment Inc., Casella Waste Systems Inc., Covanta Holding Corporation, Veolia Environment, SA Waste Holding Pvt. Ltd., Himark Group, Stericycle Inc., Daiseki Co. Ltd., EnviroServ Waste, Advanced Disposal Services, Waste Management Inc., Heritage Environment Services LLC, Remondis, Calgon Carbon Corporation Republic Services Inc., Suez Environment, Aeration Industries, Clean Harbors, Reclay Group