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Global Hazardous Waste Management Market to reach USD 25.59 billion by the end of 2030.

Global Hazardous Waste Management Market Size Study & Forecast, by Type (Solid, Liquid, Sludge), by Waste (Nuclear, Chemical, Biomedical, Others), by Treatment (Physical and Chemical, Thermal, Biological), by Chemical Composition (Organic, Inorganic), by Disposal Method (Deep Well Injection, Detonation, Engineered Storage, Land Burial, Ocean Dumping), and Regional Analysis, 2023-2030

Product Code: OIRE-91146261
Publish Date: 10-01-2024
Page: 200

Global Hazardous Waste Management Market is valued at approximately USD 16.3 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.8% over the forecast period 2023-2030. Hazardous waste management involves a comprehensive set of procedures and practices designed to address, regulate, and eliminate substances that pose a threat to human health or the environment. This systematic approach encompasses the proper handling, treatment, storage, and disposal of materials classified as hazardous, originating from diverse sources such as industrial processes, manufacturing, healthcare facilities, laboratories, and households. The range of activities within hazardous waste management includes waste collection, recycling, treatment, transportation, disposal, and continuous monitoring of waste disposal sites. The primary objective of hazardous waste management is to mitigate the potential risks associated with hazardous waste, ensuring the well-being of human health, and safeguarding the environment. The rising awareness of environmental issues, stringent environmental regulations, and rising focus on Corporate Social Responsibility (CSR) initiatives are the most prominent factors that are propelling the market demand across the globe.

In addition, rapid industrialization and urbanization contribute to higher levels of hazardous waste generation. According to the World Bank, in 2020, there were around 55% of the population that is approximately 4.2 billion inhabitants were recorded to live in urban areas. Moreover, it is projected that the urban population is expected to constantly increase by 1.5 times and is likely to reach around 6 million by 2045. As industrial and urban areas expand, the need for effective waste management services becomes more critical, which, in turn, accelerates the market growth at a substantial rate. Moreover, the rise in advances in waste treatment technologies, as well as the rising emphasis on resource recovery and circular economy presents various lucrative opportunities over the forecast years. However, the lack of public awareness and education, along with the high initial set-up and operating cost of hazardous waste management are hindering the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Hazardous Waste Management Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia-Pacific dominated the market in 2022 owing to the rapid industrialization and urbanization, as well as stringent environmental regulations. Whereas, North America is expected to grow at a significant CAGR over the forecast years. The growing awareness of environmental sustainability, coupled with the increasing development of new technologies such as advanced recycling, thermal treatment, and plasma gasification are significantly propelling the market demand across the region.

Major market players included in this report are:
Morgan Group
Waste Management, Inc.
Bechtel Corporation
Environ India
American Waste Management Services, Inc.
Recology Inc.
Chloros Environmental Ltd
Covanta Holding Corporation

Recent Developments in the Market:
Ø In November 2023, Chennai Corporation unveiled the introduction of the collection and disposal of hazardous waste from bursting crackers. Jute bags dedicated to collecting specific types of cracker waste were distributed across all regions. Workers from each division are responsible for gathering the discarded burnt crackers in these specialized bags. Additionally, two trucks have been assigned exclusively to each of the 15 zones, totalling 45 units, for efficient waste transportation. The hazardous waste processing facility in Gummidipoondi handle the waste in compliance with the norms set by the Tamil Nadu Pollution Control Board (TNPCB).

Global Hazardous Waste Management Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Waste, Treatment, Chemical Composition, Disposal Method, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

By Waste:

By Treatment:
Physical and Chemical

By Chemical Composition:

By Disposal Method:
Deep Well Injection
Engineered Storage
Land Burial
Ocean Dumping

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Hazardous Waste Management Market, by Region, 2020-2030 (USD Billion)
1.2.2. Hazardous Waste Management Market, by Type, 2020-2030 (USD Billion)
1.2.3. Hazardous Waste Management Market, by Waste, 2020-2030 (USD Billion)
1.2.4. Hazardous Waste Management Market, by Treatment, 2020-2030 (USD Billion)
1.2.5. Hazardous Waste Management Market, by Chemical Composition, 2020-2030 (USD Billion)
1.2.6. Hazardous Waste Management Market, by Disposal Method, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Hazardous Waste Management Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Hazardous Waste Management Market Dynamics
3.1. Hazardous Waste Management Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Rapid industrialization and urbanization Rising stringent environmental regulations
3.1.2. Market Challenges Lack of public awareness and education High initial set-up and operating cost of hazardous waste management
3.1.3. Market Opportunities Increase in advances in waste treatment technologies Rising emphasis on resource recovery and circular economy
Chapter 4. Global Hazardous Waste Management Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Hazardous Waste Management Market, by Type
5.1. Market Snapshot
5.2. Global Hazardous Waste Management Market by Type, Performance – Potential Analysis
5.3. Global Hazardous Waste Management Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Hazardous Waste Management Market, Sub Segment Analysis
5.4.1. Solid
5.4.2. Liquid
5.4.3. Sludge
Chapter 6. Global Hazardous Waste Management Market, by Waste
6.1. Market Snapshot
6.2. Global Hazardous Waste Management Market by Waste, Performance – Potential Analysis
6.3. Global Hazardous Waste Management Market Estimates & Forecasts by Waste 2020-2030 (USD Billion)
6.4. Hazardous Waste Management Market, Sub Segment Analysis
6.4.1. Nuclear
6.4.2. Chemical
6.4.3. Biomedical
6.4.4. Flammable
6.4.5. Explosive
6.4.6. Others
Chapter 7. Global Hazardous Waste Management Market, by Treatment
7.1. Market Snapshot
7.2. Global Hazardous Waste Management Market by Treatment, Performance – Potential Analysis
7.3. Global Hazardous Waste Management Market Estimates & Forecasts by Treatment 2020-2030 (USD Billion)
7.4. Hazardous Waste Management Market, Sub Segment Analysis
7.4.1. Physical and Chemical
7.4.2. Thermal
7.4.3. Biological
Chapter 8. Global Hazardous Waste Management Market, by Chemical Composition
8.1. Market Snapshot
8.2. Global Hazardous Waste Management Market by Chemical Composition, Performance – Potential Analysis
8.3. Global Hazardous Waste Management Market Estimates & Forecasts by Chemical Composition 2020-2030 (USD Billion)
8.4. Hazardous Waste Management Market, Sub Segment Analysis
8.4.1. Organic
8.4.2. Inorganic
Chapter 9. Hazardous Waste Management Market, by Disposal Method
9.1. Market Snapshot
9.2. Global Hazardous Waste Management Market by Disposal Method, Performance – Potential Analysis
9.3. Global Hazardous Waste Management Market Estimates & Forecasts by Disposal Method 2020-2030 (USD Billion)
9.4. Hazardous Waste Management Market, Sub Segment Analysis
9.4.1. Deep Well Injection
9.4.2. Detonation
9.4.3. Engineered Storage
9.4.4. Land Burial
9.4.5. Ocean Dumping
Chapter 10. Global Hazardous Waste Management Market, Regional Analysis
10.1. Top Leading Countries
10.2. Top Emerging Countries
10.3. Hazardous Waste Management Market, Regional Market Snapshot
10.4. North America Hazardous Waste Management Market
10.4.1. U.S. Hazardous Waste Management Market Type breakdown estimates & forecasts, 2020-2030 Waste breakdown estimates & forecasts, 2020-2030 Treatment breakdown estimates & forecasts, 2020-2030 Chemical Composition breakdown estimates & forecasts, 2020-2030 Disposal Method breakdown estimates & forecasts, 2020-2030
10.4.2. Canada Hazardous Waste Management Market
10.5. Europe Hazardous Waste Management Market Snapshot
10.5.1. U.K. Hazardous Waste Management Market
10.5.2. Germany Hazardous Waste Management Market
10.5.3. France Hazardous Waste Management Market
10.5.4. Spain Hazardous Waste Management Market
10.5.5. Italy Hazardous Waste Management Market
10.5.6. Rest of Europe Hazardous Waste Management Market
10.6. Asia-Pacific Hazardous Waste Management Market Snapshot
10.6.1. China Hazardous Waste Management Market
10.6.2. India Hazardous Waste Management Market
10.6.3. Japan Hazardous Waste Management Market
10.6.4. Australia Hazardous Waste Management Market
10.6.5. South Korea Hazardous Waste Management Market
10.6.6. Rest of Asia Pacific Hazardous Waste Management Market
10.7. Latin America Hazardous Waste Management Market Snapshot
10.7.1. Brazil Hazardous Waste Management Market
10.7.2. Mexico Hazardous Waste Management Market
10.8. Middle East & Africa Hazardous Waste Management Market
10.8.1. Saudi Arabia Hazardous Waste Management Market
10.8.2. South Africa Hazardous Waste Management Market
10.8.3. Rest of Middle East & Africa Hazardous Waste Management Market

Chapter 11. Competitive Intelligence
11.1. Key Company SWOT Analysis
11.1.1. Company 1
11.1.2. Company 2
11.1.3. Company 3
11.2. Top Market Strategies
11.3. Company Profiles
11.3.1. Morgan Group Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
11.3.2. Waste Management, Inc.
11.3.3. Bechtel Corporation
11.3.4. Environ India
11.3.5. American Waste Management Services, Inc.
11.3.6. Recology Inc.
11.3.7. Chloros Environmental Ltd
11.3.8. Veolia
11.3.9. Covanta Holding Corporation
11.3.10. Suez
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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