The global hazardous waste management market is being driven by rapid industrialization across the globe, increased volume and complexity of wastes, and the growing number of awareness programs for waste management. For the projected years of 2018-2026, the market is likely to register a CAGR of 6.01%.
The global hazardous waste management market is segmented on the basis of the treatment site, waste type, service type, and treatment type. Market by treatment site is categorized into Off-Site and On-Site. The waste type includes infectious & pathological waste, industrial & manufacturing waste, pharmaceutical waste, sharps and other hazardous waste. The service type segment includes collection, transportation & storage, treatment & disposal, recycling and other service types. The market by treatment type includes incineration, autoclaving and chemical treatment.
The regional segmentation of the global hazardous waste management market is done into Europe, Asia-Pacific, North America and rest of the world. At present, the North American region dominates the global scene. The region does maximum recycling in the world. Favourable government initiatives are also contributing to the market growth in this region. On the other hand, the highest CAGR is expected from the Asian market owing to the improving economic condition of the region and strict government provisions related to waste management.
Companies catering to the global hazardous waste management market are Clean Harbors Inc, Daniels Health Inc, Republic Services Inc, Stericycle Inc, Suez Environment SA, Veolia Environment SA, Biomedical Waste Solutions, Waste Management Inc, Remondis Medison and Sharps Compliance Inc.