Global Waste Recycling and Services Industry [2015]

Dec 23 2015 Mumbai, India: Bharatbook.com announces a report on “ Global Waste Recycling and Services Industry [2015] ”. This research report indicates that more than 11 billion tons of industrial waste is collected worldwide, which needs to be managed properly, or else there will be land-space constraints, resulting in illegal dumping.

Market overview of industrial waste recycling and services

Market research analyst predicts the global industrial waste recycling and services market to grow steadily at a CAGR of over 12% during the forecast period. The increasing amount of waste generated due to rapid industrialization is one of the primary growth drivers for this market. This research report indicates that more than 11 billion tons of industrial waste is collected worldwide, which needs to be managed properly, or else there will be land-space constraints, resulting in illegal dumping.

Technological advances in recycling procedures, which include thermal and biological technologies, is also expected to boost the market growth during the forecast period.  Waste recycling methods are chosen based on a cost-benefit analysis. By implementing cost-benefit analysis, industries get a proper perspective on the social, economic, and environmental issues involved, which can enable them to choose the most suitable technology.

Segmentation by industry and analysis of the industrial waste recycling and services market

• Construction and demolition

• Mining

• Metallurgical

• Oil and gas

• Agriculture

• Textiles

• Chemicals

The construction and demolition segment dominated the market during 2015, with a market share of around 28%. Growing environmental concerns and increasing waste management initiatives are the main factors fueling the demand for waste recycling and services in the construction and demolition segment.

Waste type segmentation and analysis of the industrial waste recycling and services market

• Hazardous

• Non-hazardous

The non-hazardous waste...