Liquid Waste Management Market to Develop Rapidly by 2026
Liquid
waste can be defined as waste water from industrial, commercial, and
residential areas. The waste water contains many unwanted and
rejected substances such as sullage, stormwater, and excreta. It also
contains bacteria and other harmful chemicals that can cause diseases
and environmental pollution. Liquid waste is also called sewage. It
has bad odor and different color than normal water due to the
presence of impurities.
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Liquid
Waste Management Market: Drivers & Restraints
The
liquid waste management market entails collection of waste from
various sources, its transportation, and disposal. Rise in awareness
about hygiene and environment, increase in population, and growth in
disposable income of consumers are factors driving the market. Rise
in awareness about hygiene has been a key factor driving the liquid
waste management market in developing countries such as China, India,
Brazil, and South Africa. Hygiene plays an important role in
maintaining health and a disease-free society. This has led
governments to invest in infrastructure required to manage liquid
waste. Liquid waste can also damage the environment due to the
chemicals present in it. There is a direct connection between rise in
human population and increase in liquid waste. Similarly, growth in
disposable income has led to an increase in industrial activities to
meet the demand of the population. Industrial activity and associated
commercial centers create further liquid waste in the form of
leftover from manufacturing activity. However, certain factors
inhibit the liquid waste management market growth. Liquid waste
management is a long and expensive process. Hence, all countries and
areas cannot afford to invest in the required infrastructure. High
investment cost is also a restraining factor due to the complex
technology and expertise required to manage liquid waste. Technology
and expertise are not readily available in every country and region.
This further increases the hurdles in developing the necessary
infrastructure.
In
terms of service, the liquid waste management market can be
classified into collection, transportation, and disposal. One company
can either provide all three services or different combinations of
the services. Septic tanks is one of the methods of collecting liquid
waste. A method of transporting liquid waste is sewerage pipes.
Similarly, composting is one of the methods of disposing liquid
waste.
Liquid
Waste Management Market: Regional Outlook
In
terms of region, the liquid waste management market can be segregated
into North America, Latin America, Europe, Asia Pacific, and the
Middle East & Africa. North America and Europe have enacted
strict norms regarding the management of liquid waste. Hence, these
regions account for major share of the liquid waste management
market. Emerging countries such as India and China are still
developing the necessary infrastructure to manage waste. Hence, these
countries are projected to provide lucrative opportunities to the
liquid waste management market during the forecast period.
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Liquid
Waste Management Market: Key Players
Key
players operating in the liquid waste management market include Suez
Environment S.A., Veolia Environmental Services, Convanta Holding
Corporation, and Chemtex Inc.
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