Industrial Waste Management Market: Current Analysis and Forecast (2021-2027)

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Emphasis on Service (Collection, Recycling, Incineration, Landfill); Type (Hazardous and Non-hazardous); Application (Pharmaceutical, Pulp & Paper, Food & Beverage, Electronics, Automotive, and Others); and Region/Country

Detailed Analysis of COVID-19 Impact on the Industrial Waste Management Market

Pages:

252

Table:

53

Figure:

131

Report ID:

UMCH21746

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Report Description

Industrial Waste Management Market
Industrial Waste Management Market

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The Industrial Waste Management market is predicted to grow at a CAGR of ~6% between 2021 and 2027. Key factors influencing the growth of the waste management market are the growing population around the world, industrialization in developing economies, and increased awareness about waste management and recycling around the world. With the increasing population and rapid urbanization in most countries, the waste generated all over the world is increasing. The world generated 2.01 billion tons of solid waste in 2016, this number is expected to rise by 70% by 2050 producing 3.40 billion tons of waste in that year. All this waste needs to be properly treated to avoid pollution which can lead to health and economic problems. Additionally, the increased awareness about recycling and sustainability is also encouraging governments to invest in better waste management treatments. Thus, creating tremendous opportunities for players offering solutions and services industrial waste management during the forecast period.

SUEZ SA, Veolia Environnement S.A, Waste Management Inc., Stericycle Inc., Remondis, Daiseki Co. Ltd., Clean Harbors Inc., Biffa plc, Covanta Holding Corporation, and Sembcorp Industries are some of the prominent players operating in the Industrial Waste Management market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst Service, Collection Category Held Significant Share in 2020”

Based on service, the market is bifurcated into collection, recycling, incineration, and landfill. In 2020, collection services accounted for the majority share in the global industrial waste management market. Industrial waste poses risks for both the environment and human health and can cause contamination of soil, air, and water if it is not properly disposed of. Therefore, it is important for industries to properly collect waste by separating the waste by type for effective disposal. In addition, with growing awareness regarding industrial waste management, major players in the market are expanding across geographies and are offering all types of waste management services. For instance, SUEZ SA offers multiple collection systems such as Multi-sort collection services, collection of organic waste (biowaste) and green waste, collection of WEEE (Waste Electrical and Electronic Equipment), and collection points for hazardous waste (solvents, batteries, paint, biomedical waste).

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“Amongst Type, Hazardous Category to Witness Higher Incremental Gain During the Forecast Period”

On the basis of type, the market is categorized into hazardous and non-hazardous. Among the two, waste management of hazardous waste is expected to witness strong growth-share during the forecast period. Growing concern about proper treatment and disposal of hazardous industrial waste is one of the primary factors driving the category’s growth. Furthermore, the management of hazardous waste is a process that includes the collection, recycling, treatment, transportation, disposal, and monitoring of wastes disposal sites. In the current scenario of developing countries, hazardous wastes are often disposed of directly into the environment posing health and environmental risk. Thus, with proper waste treatment practices, the properties of hazardous industrial waste can be changed and it can be made less harmful. This includes physical treatment, chemical treatment, and biological treatment..

“Amongst Industry, Pharmaceutical Category to Witness Highest CAGR”

Based on industry, the industrial waste management market has been bifurcated into Pharmaceutical, Pulp & Paper, Food & Beverage, Electronics, Automotive, and Others. Among these, pharmaceutical industry waste management will continue to grow at a steady rate during the forecast period. This is mainly due to the stringent government mandates for collecting and disposing of the highly toxic and organic wastes generated by the industry. Furthermore, various industry players have increased their investments and moving towards sustainable waste collection and treatment methods, mainly to reduce the harmful effects of waste on the environment as well as human health. For instance, in April 2020, Stericycle Inc. announced its new ‘SafeShield’ antimicrobial medical waste containers. As per the company these are high-quality, standardized containers specifically designed for the storage and transport of regulated medical waste (RMW). This new line of containers provides customers with an improved design, better storage options and an additional level of protection to help combat the growth of microorganisms on RMW containers.

 “APAC to is expected to be the Fastest-Growing Region in Global Industrial Waste Management Market During 2021–2027F”

During the forecast period, APAC is expected to have the highest CAGR due to ongoing industrialization and growing consumer inclination toward manufactured goods, which have fueled manufacturing output levels, positively influencing the global industrial solid waste management industry landscape. This has also forced developing countries like China and India to focus on industrial waste management and deal with greater quantities of more diverse materials. Moreover, developing countries frequently host hazardous waste-intensive industries such as oil refining, petrochemicals, pharmaceutical manufacturing, and metal production. However, stringent government regulations and increasing awareness across industries to treat hazardous waste is expected to drive the market during the forecast period. In India, industries are required to collect and dispose of their waste at specific disposal sites and such collection, treatment and disposal is required to be monitored by the concerned State Pollution Control Board (SPCB) or Pollution Control Committee (PCC) in Union Territory.

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Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive regional level analysis of the industry


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1.1.Market Definitions
1.2.Limitation
1.3.Stakeholders
1.4.Currency used in Report
2.1.Research Process of the Industrial Waste Management Market
2.2.Research Methodology of the Industrial Waste Management Market
2.3.Forecasting Method
2.4.Respondent Profile
2.5.Main Objective of the Industrial Waste Management Market Study
3MARKET SYNOPSIS

 

4EXECUTIVE SUMMARY

 

5IMPACT OF COVID-19 ON THE INDUSTRIAL WASTE MANAGEMENT MARKET
6INDUSTRIAL WASTE MANAGEMENT MARKET REVENUE (USD BN), 2019-2027F
7.1.Collection
7.2.Recycling
7.3.Incineration
7.4.Landfill
8.1.Hazardous
8.2.Non-hazardous
9.1.Pharmaceutical
9.2.Pulp & Paper
9.3.Food & Beverage
9.4.Electronics
9.5.Automotive
9.6.Others
10.1.North America Industrial Waste Management Market
 10.1.1.U.S.
 10.1.2.Canada
 10.1.3.Rest of North America
10.2.Europe Industrial Waste Management Market
 10.2.1.Germany
 10.2.2.U.K.
 10.2.3.France
 10.2.4.Italy
 10.2.5.Spain
 10.2.6.Rest of Europe
10.3.Asia-Pacific Industrial Waste Management Market
 10.3.1.China
 10.3.2.Japan
 10.3.3.India
 10.3.4.South Korea
 10.3.5.Rest of Asia-Pacific
10.4.Rest of World Industrial Waste Management Market
11.1.Market Drivers
11.2.Market Challenges
11.3.Impact Analysis
12INDUSTRIAL WASTE MANAGEMENT MARKET OPPORTUNITIES
13INDUSTRIAL WASTE MANAGEMENT MARKET TRENDS
14POLICY AND REGULATORY LANDSCAPE
15.1.Demand Side Analysis
15.2.Supply Side Analysis
16.1.Competitive Landscape
 16.1.1.Porter’s Five Forces Analysis
17.1.Suez SA
17.2.Veolia Environnement S.A
17.3.Waste Management Inc.
17.4.Stericycle Inc.
17.5.Remondis 
17.6.Daiseki Co. Ltd.
17.7.Clean Harbors Inc. 
17.8.Biffa plc
17.9.Covanta Holding Corporation
17.10.Sembcorp Industries
18DISCLAIMER

Research Methodology

Analyzing the historical market, estimation of the current market, and forecasting the future market of the Industrial Waste Management market were the three major steps undertaken to create and analyze the adoption of Industrial Waste Management in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Industrial Waste Management market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

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Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the Industrial Waste Management through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Industrial Waste Management market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as Service, Type, and Industry. Further country-level analyses were conducted to evaluate the overall adoption of Industrial Waste Management in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of Industrial Waste Management. Further, we conducted factor analysis using dependent and independent variables such as increasing digitalization of industries and urbanization in developing countries. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the Industrial Waste Management sector across the globe.

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Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Industrial Waste Management market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (US$) and the adoption rate of Industrial Waste Management across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the Industrial Waste Management market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Industrial Waste Management Market 2
Industrial Waste Management Market 2

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Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the Industrial Waste Management market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of Service, Type, and Industry of the Industrial Waste Management market.

The main objective of the Industrial Waste Management Market Study

The current & future market trends of Industrial Waste Management were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of Industrial Waste Management in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of Service, Type, and Industry.
  • Define and analysis of the regulatory framework for the Industrial Waste Management industry
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
  • Analyze the current and forecast market size of the Industrial Waste Management market for the major region
  • Major regions studied in the report include North America (U.S, Canada, and Rest of North America), Europe (Germany, United Kingdom, France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Others), and the Rest of the World
  • Company profiles of the Industrial Waste Management market and the growth strategies adopted by the market players to sustain in the fast-growing market
  • Deep dive regional level analysis of the industry