Global Industrial Waste Management Market
Waste is an inevitable by-product of the use of natural resources. Industrial waste is a part of the waste generated by any manufacturing or industrial activity. Different waste materials generated after the industrial process include oil, trashes, concrete, chemicals, wood coal, slag and other waste. The scenario of disposing the waste has been changing with increasing environmental awareness. Toxic waste, chemical waste and industrial solid waste are some of the designations of industrial waste.
The benefits of industrial waste management include improving economic efficiency through the means of more efficient use of resources, reducing the adverse effect on environment through recycling and reusing the resources. Different countries have different mechanism for waste management such as in Canada most common method of disposal is curbside collection. In China tire pyrolysis or plastic pyrolysis is the process used for converting the waste plastic into industrial fuels such as pyrolysis oil and hydrocarbon gas. In San Francisco, the local government established its mandatory recycling and composting ordinance to support its goal of zero waste by 2020. In Europe few people uses a proprietary collection system known as Envac. The different methods for industrial waste management are landfill, recycling, incineration, energy recovery, biological reprocessing and sustainability among others. Some other methods to treat these wastes include sewage treatment which can treat waste consisting of pollutant such as biochemical oxygen demand.
Global Industrial Waste Management Market: Drivers and Restraints
Global industrial waste management market has shown a considerable growth due to the high demand in waste management services on both developed and developing countries. The market across the globe is expected to show a substantial growth with a single digit increase in CAGR by the year 2019. In emerging countries such as India and China there are rapid industrialization activities. Government and regulatory bodies in these regions are implementing stringent regulations to manage the industry waste.
The market for industrial waste management is driven by factors such as rapid urbanization and industrialization and focus on energy conservation and resource recovery. Some of the factors inhibiting the market growth are low sustainability in waste management and low importance towards waste management. Factors such as increase in the purchase of disposable products and increasing safety and environment regulations provide opportunities for the market.
Global Industrial Waste Management Market: Segmentation
The market for industrial waste management can be segmented into type, service and geography. On the basis of types the market is segmented into agriculture waste, energy waste, chemical waste, mining waste, manufacturing waste and others. On the basis of service the market can be segmented as collection, recycling, landfill and incineration. The geographical analysis of the market can be done on the basis of North America, Europe, Asia Pacific and Rest of World. Among the geography Asia Pacific holds the maximum market share followed by Europe and North America. Rapid increase in industrialization in countries such as China, India has led to increase waste management creates a huge demand for the market. The collection type services dominated the industrial waste management and accounts for maximum market share.
Global Industrial Waste Management Market: Key Players Mentioned in the Report
Some of the major players in the industrial waste management market are SembCorp, EnviroServ waste, Clean Harbors, Suez Environment, Waste Management Inc., Veolia Environmental, Stericycle Inc., SA Waste Holding Pvt Ltd., Himark BioGas Inc., Reclay Group and many more.
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