Growth Opportunities in the Global Hazardous Waste Management Market, Forecast to 2024

Smart Solutions and Innovative Business Models Will Enhance Hazardous Waste Treatment
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Published: 28 Aug 2018

Hazardous waste and its proper disposal has become a critical problem due to its impact on the environment and all living things. Hazardous wastes can be in the form of liquids, solids, sludges, or contaminated gases, and they are primarily generated by chemical manufacturing, production, and several other industrial processes. Rapid industrialisation, specifically in developing countries like India, generates considerable volumes of hazardous waste. Stringent legislation and policies such as the EU’s Landfill Directive, the US Clean Air Act, and new hazardous waste management rules in India are some of the major market drivers. The approach to hazardous waste management has improved with the implementation of various tight management plans across the globe. Existing and new regulations in each region help industries shift their focus towards recycling and resource recovery as well as offer incentives to industries using sustainable manufacturing technologies.

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