Global hazardous waste management market projected to reach USD 29.75 billion by 2033, driven by regulatory requirements and technological advancements.

From GlobeNewswire: 2024-09-10 18:00:00

The global hazardous waste management market is projected to grow from USD 17.25 billion in 2023 to USD 29.75 billion by 2033, with a CAGR of 5.60%. Hazardous waste management involves the handling, treatment, and disposal of dangerous waste items. This market is driven by regulatory requirements, environmental concerns, and technological advancements in waste treatment. The industrial waste segment is expected to dominate the market due to rapid urbanization and technological progress leading to increased industrial waste generation. The collection segment is anticipated to hold the highest market share in hazardous waste management as it encompasses waste storage and management practices. The hazardous waste management market is estimated to see North America as the leading region, followed by Asia Pacific due to growing urbanization and industrial activities. Major key vendors in this market include Waste Management, Veolia, and Clean Harbors among others. VEOLIA has announced plans to implement a synthetic eFuel production unit in Europe using waste-to-energy technology. This study forecasts revenue at global, regional, and country levels from 2023 to 2033, segmented by waste type, service type, and end-user. North America is estimated to hold the largest share of the hazardous waste management market, while Asia Pacific is expected to have the highest CAGR growth. For further information and market insights, contact Spherical Insights & Consulting.



Read more at GlobeNewswire: Global Hazardous Waste Management Market Size To Worth USD