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Industrial Waste Management Market

Segmentation by Services (Collection, Incineration, Recycling, Landfill, and Others); by End-User Industry (Chemical, Primary Metals, Petroleum, Metal Mining, and Others) - Global Demand Analysis & Opportunity Outlook 2030

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Report ID: 3336 | Published On: Feb 09, 2023
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Global Industrial Waste Management Market Regional Synopsis

Regionally, the global industrial waste management market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America region is estimated to garner largest share over the forecast period on the back of large number of industries in the region, combined with higher awareness amongst the public as well as the government. The industrial waste produced in the United States amounted at around 55 million tons by 1975, which increased to 265 million tons by the early 1990s. Presently, the industrial waste generation has crossed 5 billion tons. The increasing industrial waste is anticipated to boost the market growth in the region.

The market in the Asia Pacific region is estimated to witness highest CAGR over the forecast period on the back of increasing industrial development, presence of major key players in the region, and stringent government policies for the disposal of industrial waste.

Industrial Waste Management Market

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The global industrial waste management market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis


Industrial Waste Management Market
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Major Macro-Economic Indicators Impacting the Market Growth
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Electricity Consumption

In 2018, the world’s total energy supply was 14282 Mtoe, wherein the highest share in terms of source was captured by oil, accounting for 31.6%, followed by coal (26.9%), natural gas (22.8%), biofuels and waste (9.3%), nuclear (4.9%), hydro (2.5%), and other (2.0%). Where there was an increase in energy demand in 2018, the year 2019 witnessed slow growth as the energy efficiency improved owing to decline in the demand for cooling and heating. However, in 2020, the electricity demand decreased by 2.5% in the first quarter of 2020 due to the outbreak of Coronavirus resulting in government imposed shutdowns in order to limit the spread of the virus, which was further followed by shutdown of numerous business operations impacting their growth. This also resulted in decline of 5.8% in the worldwide CO2 emissions which was recorded to be five times larger than the one recorded during the global financial crisis in 2009. However, in 2021, the demand for oil, gas and coal is estimated to witness growth, which is further projected to create opportunities for market growth. Moreover, rising environment degradation and awareness related to climate change is motivating many key players to employ sustainable energy strategies and invest significantly in environment-friendly power generation technologies with an aim to promote sustainable development among various nations around the world. Such factors are anticipated to promote the growth of the market in upcoming years.


Market Segmentation

Our in-depth analysis of the global industrial waste management market includes the following segments:

By Services

  • Collection
  • Incineration
  • Recycling
  • Landfill
  • Others

By End-User Industry

  • Chemical
  • Primary Metals
  • Petroleum
  • Metal Mining
  • Others

Growth Drivers

  • Increasing Production of Waste backed by Industrial Development
  • Growing Environmental Awareness

Challenges

  • Carelessness on the Part of Industrialists
  • High Cost of Waste Management


Electricity Consumption
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Top Featured Companies Dominating the Market

    • Daiseki Co., Ltd.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Sembcorp Industries
    • Amberwick Corporation
    • WM Intellectual Property Holdings, L.L.C.
    • Quarry LLC
    • Veolia Environnement SA
    • Republic Services, Inc.
    • EnviroServ Waste Management (PTY) Ltd
    • Remondis SE & Co. KG
    • Clean Harbors, Inc.

In The News

  • June, 2021: Clean Harbors Inc. announced its agreement with Vertex Energy to acquire the used motor oil collection, and re-refining assets of Vertex Energy. The agreement will let Clean Harbors to expand its business to new states in the United States.


Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the industrial waste management market?

Ans: Rising government regulations for reducing industrial waste, and growing environmental concerns are the major factors driving the market growth.

2) What would be the CAGR of industrial waste management market over the forecast period?

Ans: The market is anticipated to attain a ~8% CAGR over the forecast period, i.e., 2022-2030.

3) What are the challenges affecting the industrial waste management market growth?

Ans: High cost of waste management plants is one of the major factors estimated to hamper the market growth.

4) Which region will provide more business opportunities for growth of industrial waste management market in future?

Ans: The market in the Asia Pacific is estimated to provide most growth opportunities owing to the presence of various industries in the region, backed by industrial development and growing population.

5) Who are the major players dominating the industrial waste management market?

Ans: The major players in the market are Veolia Environnement SA, Republic Services, Inc., EnviroServ Waste Management (PTY) Ltd, Remondis SE & Co. KG, Clean Harbors, Inc., and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the industrial waste management market?

Ans: The market is segmented by service, end user industry, and by region.

8) Which segment captures the largest market size in the end-user industry segment in the market?

Ans: The chemical segment is anticipated to hold largest market size on the back of increasing need for safe disposal of toxic waste.

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