Industrial waste recycling and services: Key market research findings
- Trend towards onsite waste recycling
- Growth in non-hazardous industrial waste
Technavio has released a new market research report on the global industrial waste recycling and services market, which is expected to grow at a CAGR of 12% between 2016 and 2020. Growth in industrialization processes across the globe has generated large amount of water which has increased the demand for industrial waste recycling and services. APAC dominates the global market for industrial waste recycling and services, accounting for 51% of the overall market share. The main reason for this region’s growth is the exponential rise in industrial activities. South Korea, Japan, and China are the major revenue generating countries in this region.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Vendors are increasingly implementing onsite waste treatment to overcome the waste collection, transportation, and disposal expenses. Through onsite waste recycling, the amount of waste disposed in landfills and incinerators declines, thereby minimising environmental impact. For instance, packaged wastewater treatment plants are used to treat wastewater on a low scale for industries,” says Vishu R., Lead Analyst, Energy, Technavio Research.
Industrial non-hazardous waste dominates the market, accounting for over 85% of the industrial waste generated. Much of this segment’s growth comes from the rising landfill costs which necessitates the demand for industrial recycling and services. This segment is expected to generate revenues of $206 billion during the forecast period.
The key vendors in the global industrial waste recycling and services market are Republic Services, Suez Environnement, Veolia and Waste Management. The market is highly fragmented, with the presence of a large number of global and local players. New players are expected to enter the market during eth forecast period, owing the market growth opportunities.
A more detailed analysis is available in the Technavio report, Global Industrial Waste Recycling and Services Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
- Global E-waste Recycling Market 2015-2019
- Industrial Waste Recycling and Services Market in Europe 2015-2019
- Global Industrial Waste Recycling And Services Market 2014-2018
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