The global industrial waste management market registers high fragmentation, according to a recent Transparency Market Research (TMR) study. The market is expected to grow at a healthy pace in the coming years. Leading market vendors are focusing on the development of their mergers & acquisitions with the main aim of providing a broad geographical presence to multiple industries. In order to expand their variety of activities, the leading businesses were able to obtain regional and local waste management service suppliers. They focus constantly on the developing areas to become major suppliers of industrial waste management services.
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his is one of the prominent strategies adopted by vendors operating in the global industrial waste management market.
Key players operating in the global industrial waste management market are Veolia, Stericycle, Inc., Reclay Group, Waste Management, Inc., Clean Harbors, Inc., and Enviroserv Waste Management (Pty) Ltd.
TMR projects that the global industrial waste management market , which was valued at USD 474.179.9 million in 2017, is projected to grow by over 10.6% CAGR between 2018 and 2026.
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The collection segment dominated the market on the basis of the service in 2017 with a share of more than 50%. For effective resource recovery, waste segregation is essential. Asia Pacific is the most important industrial waste management business region. Asia Pacific Due to an rise in industrial waste production and collection year by year, it is projected to stay dominant during the forecast period.
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The study presented here is based on a report by Transparency Market Research (TMR) titled, “Industrial Waste Management Market (Service: Collection, Recycling, Landfill, and Incineration; Waste Type: Agriculture Waste, Construction & Demolition, Manufacturing Waste, Chemical Waste, Mining Waste, Oil & Gas Waste, Nuclear Waste, Power Plant Waste, and Others; and Type: Hazardous and Non-hazardous - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026.”
The global industrial waste management market has been segmented as follows:
Service
- Collection
- Recycling
- Landfill
- Incineration
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