Industrial Waste Management Market - Industry Analysis, Market Size 2023
Global Industrial Waste Management Market
Waste
is an inevitable by-product of the use of natural resources. Industrial
waste is a part of the waste generated by any manufacturing or
industrial activity. Different waste materials generated after the
industrial process include oil, trashes, concrete, chemicals, wood coal,
slag and other waste. The scenario of disposing the waste has been
changing with increasing environmental awareness. Toxic waste, chemical
waste and industrial solid waste are some of the designations of
industrial waste.
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The
benefits of industrial waste management include improving economic
efficiency through the means of more efficient use of resources,
reducing the adverse effect on environment through recycling and reusing
the resources. Different countries have different mechanism for waste
management such as in Canada most common method of disposal is curbside
collection. In China tire pyrolysis or plastic pyrolysis is the process
used for converting the waste plastic into industrial fuels such as
pyrolysis oil and hydrocarbon gas. In San Francisco, the local
government established its mandatory recycling and composting ordinance
to support its goal of zero waste by 2020. In Europe few people uses a
proprietary collection system known as Envac. The different methods for
industrial waste management are landfill, recycling, incineration,
energy recovery, biological reprocessing and sustainability among
others. Some other methods to treat these wastes include sewage
treatment which can treat waste consisting of pollutant such as
biochemical oxygen demand.
Global Industrial Waste Management Market: Drivers and Restraints
Global
industrial waste management market has shown a considerable growth due
to the high demand in waste management services on both developed and
developing countries. The market across the globe is expected to show a
substantial growth with a single digit increase in CAGR by the year
2019. In emerging countries such as India and China there are rapid
industrialization activities. Government and regulatory bodies in these
regions are implementing stringent regulations to manage the industry
waste.
The
market for industrial waste management is driven by factors such as
rapid urbanization and industrialization and focus on energy
conservation and resource recovery. Some of the factors inhibiting the
market growth are low sustainability in waste management and low
importance towards waste management. Factors such as increase in the
purchase of disposable products and increasing safety and environment
regulations provide opportunities for the market.
Global Industrial Waste Management Market: Segmentation
The
market for industrial waste management can be segmented into type,
service and geography. On the basis of types the market is segmented
into agriculture waste, energy waste, chemical waste, mining waste,
manufacturing waste and others. On the basis of service the market can
be segmented as collection, recycling, landfill and incineration. The
geographical analysis of the market can be done on the basis of North
America, Europe, Asia Pacific and Rest of World. Among the geography
Asia Pacific holds the maximum market share followed by Europe and North
America. Rapid increase in industrialization in countries such as
China, India has led to increase waste management creates a huge demand
for the market. The collection type services dominated the industrial
waste management and accounts for maximum market share.
Global Industrial Waste Management Market: Key Players Mentioned in the Report
Some
of the major players in the industrial waste management market are
SembCorp, EnviroServ waste, Clean Harbors, Suez Environment, Waste
Management Inc., Veolia Environmental, Stericycle Inc., SA Waste Holding
Pvt Ltd., Himark BioGas Inc., Reclay Group and many more.
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The
report offers a comprehensive evaluation of the market. It does so via
in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and assumptions.
By doing so, the research report serves as a repository of analysis and
information for every facet of the market,
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