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Hazardous Waste Materials Market By Type Of Waste (Hazardous Waste Materials, Industrial And Manufacturing Waste Materials, Infectious & Pathological Waste Materials, Sharps, Pharmaceuticals Waste Materials) - Growth, Share, Opportunities & Competitive Analysis, 2015 -2022

Hazardous waste material is any material which on improper disposal, may cause threat to the environment. These waste materials can be generated through variety of sources such as manufacturing units, pharmaceutical companies, and healthcare companies, among other end-use industries globally. These wastes include infectious, corrosive, oxidizing, radioactive, and explosive waste. Therefore, this kind of waste is termed hazardous waste as it can cost a great loss to humans and animals.

Therefore, hazardous waste material management plays a vital role in the overall environment services market. The hazardous waste management market has consistently evolved since many years with the adoption of advanced collection, treatment, recycling, and disposal methods. However, this system is relatively mature in the developed regions such as North America and Europe, with high competition and lower profit margin compared with the developing region.

Regulations on waste and increasing awareness among governments regarding damage caused by untreated medical waste are the reasons boosting the growth of the global hazardous waste materials market. A large amount of healthcare waste generated is the major driver for the global hazardous waste materials market in 2016. Improper management of waste generated in the healthcare industry may be harmful to the health of society, workers in the healthcare organization, and the environment.

Infectious waste should be properly disposed of to avoid fatal injuries and diseases. Therefore, high demand is reported for hazardous waste material management globally. Increasing waste management programs for waste material management in developing economies has also led to high demand for hazardous waste material management, especially in China and India.

The hazardous waste material market was valued at US$ 25,340.0 Mn in 2016 and is expected to reach US$ 37,250.1 Mn by 2022, growing at a CAGR of 6.0% during the forecast period 2015-2022.

Purpose of the Report

The purpose of this strategic research study titled “Global Hazardous Waste Materials Market - Growth, Share, Opportunities, and Competitive Analysis, 2015 – 2022” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them to make informed strategic decisions regarding the opportunities in the global hazardous waste materials market.

Target Audience

  • Industry Investors
  • Research Professionals
  • Emerging Companies
  • Raw Material Suppliers/ Buyers
  • Product Suppliers/ Buyers
  • Research Institutes

Overall, the research study provides:

  • A holistic view of the global hazardous waste materials market of growth.
  • Offering market size and estimates for the period from 2015 to 2022.
  • Keeping in mind the above-mentioned factors.

Based on geography, the global hazardous waste material market is segmented into the following categories

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • Russia
  • Asia Pacific
  • China
  • India
  • South Korea
  • Rest of Asia Pacific
  • Middle East & Africa
  • Central & South America
  • Brazil

North America dominated the global hazardous waste materials market in 2016. It accounted for more than 30% share of the global hazardous waste materials market. Rising awareness for waste management programs in the region has boosted the demand for hazardous waste material management in the region. In addition, growth in the waste from the pharmaceutical industry is the key factor for the growth of hazardous waste material management in North America.

The U.S. is known to be the major country contributing in the waste management industry due to the increasing population and increasing chronic diseases. Owing to such problems, the presence of healthcare infrastructure has increased, thereby causing high amount of hazardous waste. Europe stands at second position in terms of demand for the hazardous waste material market globally. Factors such as government regulations and developed infrastructure have influenced the European hazardous waste material market. Germany is the major producer of hazardous waste in the region.

Therefore, high demand is observed for hazardous waste materials management from Europe. The Asia Pacific is projected to be one of the emerging economies for the hazardous waste material management and treatment market during the forecast period. Other regions, such as the Middle East and Central and South America, are also anticipated to contribute to the growth of the hazardous waste material market.

Frequently Asked Questions

The market for Hazardous Waste Materials is expected to reach US$ 37,250.1 Mn by 2022.

The Hazardous Waste Materials market is expected to see significant CAGR growth over the coming years, at 6.6%.

The report is forecasted from 2015-2022

The base year of this report is 2014.

Clean Harbors, Inc., Stericycle, Inc., American Waste Management Services, Inc., Suez., Waste Management, Inc., Veolia, Chloros Environmental Ltd., Republic Services, Inc, SMS ENVOCARE LTD, Morgan Group, Recology Inc., Waste Connections Inc., Environ India, and Bechtel Corporation. are some of the major players in the global market.

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Published Date:  Apr 2016
Category:  Chemicals
Report ID:   57807
Report Format:   PDF
Pages:   120
Rating:    4.4 (65)
Delivery Time: 24 Hours to 48 Hours   
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