Global Hazardous Waste Management Market is valued at approximately USD 16.3 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.8% over the forecast period 2023-2030. Hazardous waste management involves a comprehensive set of procedures and practices designed to address, regulate, and eliminate substances that pose a threat to human health or the environment. This systematic approach encompasses the proper handling, treatment, storage, and disposal of materials classified as hazardous, originating from diverse sources such as industrial processes, manufacturing, healthcare facilities, laboratories, and households. The range of activities within hazardous waste management includes waste collection, recycling, treatment, transportation, disposal, and continuous monitoring of waste disposal sites. The primary objective of hazardous waste management is to mitigate the potential risks associated with hazardous waste, ensuring the well-being of human health, and safeguarding the environment. The rising awareness of environmental issues, stringent environmental regulations, and rising focus on Corporate Social Responsibility (CSR) initiatives are the most prominent factors that are propelling the market demand across the globe.

In addition, rapid industrialization and urbanization contribute to higher levels of hazardous waste generation. According to the World Bank, in 2020, there were around 55% of the population that is approximately 4.2 billion inhabitants were recorded to live in urban areas. Moreover, it is projected that the urban population is expected to constantly increase by 1.5 times and is likely to reach around 6 million by 2045. As industrial and urban areas expand, the need for effective waste management services becomes more critical, which, in turn, accelerates the market growth at a substantial rate. Moreover, the rise in advances in waste treatment technologies, as well as the rising emphasis on resource recovery and circular economy presents various lucrative opportunities over the forecast years. However, the lack of public awareness and education, along with the high initial set-up and operating cost of hazardous waste management are hindering the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Hazardous Waste Management Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia-Pacific dominated the market in 2022 owing to the rapid industrialization and urbanization, as well as stringent environmental regulations. Whereas, North America is expected to grow at a significant CAGR over the forecast years. The growing awareness of environmental sustainability, coupled with the increasing development of new technologies such as advanced recycling, thermal treatment, and plasma gasification are significantly propelling the market demand across the region.

Major market players included in this report are:
Morgan Group
Waste Management, Inc.
Bechtel Corporation
Environ India
American Waste Management Services, Inc.
Recology Inc.
Chloros Environmental Ltd
Veolia
Covanta Holding Corporation
Suez
Recent Developments in the Market:
In November 2023, Chennai Corporation unveiled the introduction of the collection and disposal of hazardous waste from bursting crackers. Jute bags dedicated to collecting specific types of cracker waste were distributed across all regions. Workers from each division are responsible for gathering the discarded burnt crackers in these specialized bags. Additionally, two trucks have been assigned exclusively to each of the 15 zones, totalling 45 units, for efficient waste transportation. The hazardous waste processing facility in Gummidipoondi handle the waste in compliance with the norms set by the Tamil Nadu Pollution Control Board (TNPCB).
Global Hazardous Waste Management Market Report Scope:
Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Type, Waste, Treatment, Chemical Composition, Disposal Method, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.

By Type:
Solid
Liquid
Sludge
By Waste:
Nuclear
Chemical
Biomedical
Flammable
Explosive
Others
By Treatment:
Physical and Chemical
Thermal
Biological
By Chemical Composition:
Organic
Inorganic
By Disposal Method:
Deep Well Injection
Detonation
Engineered Storage
Land Burial
Ocean Dumping
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa