Global Hazardous Waste Management Market

Hazardous Waste Management Market Size, Share, Growth Analysis, By Waste Type(Hazardous Waste, E-waste, Municipal Waste, Plastic Waste), By Service Type(Collection, Open Dumping, Incineration/Combustion, Landfill), By End-User(Residential, Commercial, Industrial), By Region - Industry Forecast 2024-2031

Report ID: SQMIG20L2044 | Region: Global | Published Date: April, 2024
Pages: 205 | Tables: 95 | Figures: 72

Hazardous Waste Management Market News

In January 2022, Veolia will be delivered to the Lipor energy recovery plant near Porto, becoming one of the first e-fuel refineries in Europe and revolutionizing the energy waste industry due to its technical design and for an anticipated sophisticated system, which will also help reduce emissions from the aviation industry.

In March 2022, Company Shop Group (or "CSG"), the largest and best-known redistributor of food and household goods surplus in the UK, was acquired by the Biffa Group.

In May 2022, Suez signed an agreement to acquire all hazardous waste assets in France as part of Veolia’s commitment to address European Commission competition concerns.

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Hazardous Waste Management Market size was valued at USD 16.3 Billion in 2022 and is poised to grow from USD 17.25 Billion in 2023 to USD 27.07 Billion by 2031, growing at a CAGR of 5.8% in the forecast period (2024-2031).

The hazardous waste market is dominated by intense competition, with major players competing for market share through policies such as mergers and acquisitions, new product developments, and geographic expansion. The company boasts several recycling facilities and a strong emphasis on sustainable waste management practices. 'Waste Management', 'Suez', 'Valicor', 'Veolia', 'Waste Connections', 'Republic Services', 'Biffa', 'Clean Harbors', 'Covanta Holding', 'Daiseki', 'Hitachi Zosen', 'Remondis Se & Co. Kg', 'Urbaser', 'Fcc Environment', 'Biomedical Waste Solutions', 'Stericycle'

Governments worldwide are imposing stringent regulations on handling and disposal of hazardous waste. Compliance with these regulations requires the adoption of advanced waste management technologies and practices, leading to a demand for specialized services provided by hazardous waste management companies.

Recognition of Advanced Technologies: A key market trend in hazardous waste management is the adoption of advanced technologies to increase efficiency, safety and environmental sustainability. To produce waste efficiently treat and reduce environmental impact, companies invest in alternative cleaning processes such as thermal desorption, chemical stabilization and bioremediation Complete waste management and regulatory compliance by adding solutions together This trend of enabling underscores the industry’s commitment to continuous improvement and sustainable practices in hazardous waste management.

North America dominated the market due to efficient government regulations mandating waste management in many industries and the Resource Conservation and Recovery Act and Waste Hauling Regulations. These regulations are designed to improve service delivery.

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