The global hazardous waste treatment and management market was valued at USD 35.9 billion in 2018 and is expected to reach USD 55.4 billion in 2026, growing at a CAGR of 5.5% during the forecast period.
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Governments are taking various initiatives to curb the waste management of hazardous materials. Installation of nuclear disposable facilities, collection of toxic waste and its treatment to recycle into other forms, and various other management methods are some of the measures taken by governments to reduce the impact of hazardous waste on people, and the environment. Due to growing hazardous waste which includes inflammable, explosive, oxidizing, infectious, radioactive, poisonous, reactive or toxic waste; health concerns are reported to increase among humans and animals.
The hazardous waste exposes human health to various carcinogenic substances, which as a result makes people vulnerable to various cancers, respiratory problems, and other diseases. According to the French government, 2 kg of radioactive waste is being produced per year per inhabitant. Therefore, governments are making an arrangement by procuring waste disposable techniques and equipment, thus, supporting the hazardous waste treatment and management market across the globe.
The ripple effect of Coronavirus-Covid19 on the market needs to become part of strategy discussions to emerge strong. The Analyst team is meticulously tracking the impact and relevance to all the sectors in the Ecosystem. Key datasets include Revenue Impact analysis, Disruptions and New opportunities in the Supply Chain, Revised Vendor Landscape Mix, New opportunities mapping, and more. For More Details visit: https://www.alltheresearch.com/impactC19-request/279
The Asia Pacific to exhibit the fastest growth in the global hazardous waste treatment and management market throughout the forecast period
Asia Pacific is projected to witness the fastest growth rate, at a CAGR of 7.2%, in the global hazardous waste treatment and management market during the forecast period. Significant growth in the consumer electronics market coupled with the government focus on e-waste management is boosting the growth of the hazardous waste treatment and management market in the region. Moreover, rapid industrialization and the government initiatives for management of household waste and e-waste are other factors that significantly drive the growth of the hazardous waste treatment and management market in Asia Pacific.
Company Profiles and Competitive Intelligence
The major players operating in the global hazardous waste treatment and management market are Waste Management, Inc. (US), Veolia Environnement S.A. (France),Stericycle, Inc. (US), Covanta Holding Corp. (US), Clean Harbors, Inc. (US), Hoover Ferguson Group, Inc. (US), Remondis SE and Co. KG (Germany), Rumpke Consolidated Companies, Inc. (US), Rubicon Global Holdings LLC (US), and SUEZ SA (France), among others.
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