2014-02-26 04:47:02 - Global Industrial Waste Recycling and Services Market 2012-2016 - a new market research report on companiesandmarkets.com
The Global Industrial Waste Recycling and Services market is to grow at a CAGR of 10.02 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increase in sources of industrial waste generation. The Global Industrial Waste Recycling and Services market has also been witnessing the rising need to reduce hazard caused from waste emissions. However, the increase in methods of dumping industrial waste could pose a challenge to the growth of this market.
There are various methods used to reduce the harmful effects of GHG emissions; recycling of industrial waste is one of the most important methods. Industrial waste recycling and services are referred to as a green way of reducing hazards caused
by unmanaged industrial waste. Industrial waste recycling methods and services aid in reducing the GHGs emitted into the atmosphere by decreasing the waste dumped in landfill. The need to reduce hazards caused by waste emissions is one of the major positive trends prevailing in the Global Industrial Waste Recycling and Services market.
One of the main drivers in this market is the increasing number of industries that generate recyclable waste. The industrial waste is generated by the Chemical, Printing, Petroleum Refining, Leather Products, Paper & Pulp, Construction, and Metals industries. The huge amount of industrial waste generated by these industries that is available for recycling will in turn boost the growth of the market.
One of the main challenges in this market is the increase in the number of methods for dumping industrial wastes. These methods include landfill dumping, dumping in the ocean, and dumping in underground caves. Such improper waste dumping methods make it difficult for waste recycling companies to collect industrial waste for recycling.
Key vendors dominating this space include Veolia Environmental Services North America Corp., Suez Environnement Co. SA, Waste Management Inc., Befesa Medio Ambiente S.A., REMONDIS AG & Co. KG, Progressive Waste Solutions Ltd., EnviroServ Waste Management Pty. Ltd., Republic Services Inc., and Abengoa SA
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