Industrial Waste refers to the materials that are generated and disposed in industries, mills, manufacturing units, or other activities like medicine, mining, and agriculture. Such industrial easte causes severe threat to the human health and the environment which has the requirement for the proper industrial management. This activity includes the methods of collection, transport, treatment, and disposal of waste coupled with monitoring and regulation of waste management.
Industrial waste is categorized into various types such as solid, liquid, or gas, mining waste, manufacturing waste, hazardous and non-hazardous, agriculture waste, energy waste, and chemical waste. Most of the industries produce the toxic chemical waste which is not eco-friendly and dangerous to earth’s biodiversity. Rising urbanization and industrialization results in increasing the amount of industrial solid waste like chemically treated wood and contaminated soil. Growing awareness among the people regarding the adverse effects on the environment, governments and environmental agencies changed lifestyle towards the management of industrial waste are the factors boosting the growth of the market. Moreover, introducing the advancements in industrial waste management techniques and scarcity of land for waste disposal is accelerating the market growth.
The global industrial waste management market is expected to follow a positive growth trend projects Market Research Future (MRFR) in its latest report. Rapid urbanization and industrialization have been the major driver for the market. Most industries are not eco-friendly and produce toxic chemical waste which is dangerous to earth's biodiversity. Industrial wastes are diverse in nature, having adverse effects and environmental consequences. For instance, radioactive wastes require special attention for treatment which, otherwise, have life-threatening consequences. Driven by rising awareness regarding the adverse effects of industrial waste on the environment, governments and environmental agencies have shifted focus towards the management of industrial waste as a key area. Various tragic industrial incidents over the last few decades have assisted in the realization of the need to regulate and manage hazardous waste which has been a critical driver for the growth of the global industrial waste management market. Advancement in industrial waste management techniques has also spurred the growth of the market. The scarcity of land for waste disposal is also a significant driver of the market growth. Development of waste management infrastructure in both developing and developed countries coupled with stringent norms is also stimulating the growth of the Industrial Waste Management Market. However, low sustainability in waste management and low importance of waste management is likely to hinder the growth of the global industrial waste management market.
This MRFR report provides a comprehensive analysis of the industrial waste management market. The report also highlights the current market status, industry trends and recent developments in the market. Key macro and micro-economic aspects that are likely to influence the market prospects are also analyzed in the report. The scope of the research also covers different types of waste management such as agriculture waste, energy waste, chemical waste, mining waste, manufacturing waste, and others. A revenue analysis of the current services (collection, recycling, landfill, and incineration) is also available in the report. The major industrial waste management technologies discussed in the report include bio drying, gasification, sewage treatment, tunnel composting, etc. This report covers the industrial waste management market across Europe, North America, Asia Pacific, and the Rest of the World (RoW).
Market Research Future (MRFR) leverages a set of scrupulous research methods which assists in achieving a far-reaching view of the market. Our reports provide strategic business intelligence through a combination of primary and secondary research process. Extensive primary research consists of structured interactions with participants across the value chain while secondary research process extracts information from credible sources such as white papers, annual reports, paid database, research publications and other sources available on public domain. Top-down and bottom-up approaches are adopted to reach concrete conclusions regarding the market size, current market trends, opportunities and challenges.
|Market Size||Significant Value: 2030|
|Forecast Units||Value USD Billion|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Type, By Service, By Regions|
|Geographies Covered||North America (US, Canada, and Mexico), Europe (UK, Germany, France, Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Middle East & Africa, South America|
|Key Vendors||Veolia Environmental, EnviroServ Waste, SembCorp, Reclay Group, SA Waste Holding Pvt Ltd., Suez Environnement, Stericycle Inc., Himark BioGas Inc., and Clean Harbor.|
|Key Market Opportunities||Rising awareness regarding the adverse effects of industrial waste on the environment|
|Key Market Drivers||Advancement in industrial waste management techniques|
The global industrial waste management market is expected to record a substantial market valuation.
The global industrial waste management market is projected to register a moderate CAGR of 10% in the forecast period.
A few major market players operating in the global industrial waste management market are SA Waste Holding Pvt Ltd., Veolia Environmental, SembCorp, EnviroServ Waste, Reclay Group, among others.
The sewage treatment segment is slated to expand as the fastest-growing segment.
The chemical waste segment is slated to expand as the fastest-growing segment.