BRICS Hazardous Waste Management Market (Type of Hazardous Waste - Flammable, Toxic, Corrosive, Infectious, Radioactive, and Other Hazardous Wastes; Waste Generators - Small Quantity Hazardous Waste Generators, Medium Quantity Hazardous Waste Generators, and Large Quantity Hazardous Waste Generators; Hazardous Waste Management Services - Collection, Transportation, Storage, Waste Treatment, and disposal Services): Industry Analysis, Trends, Size, Share and Forecasts to 2027

A recent report published by Infinium Global Research on BRICS hazardous waste management market provides an in-depth analysis of segments and sub-segments in the BRICS as well as regional BRICS hazardous waste management market. The study also highlights the impact of drivers, restraints, and macro indicators on the BRICS and regional BRICS hazardous waste management market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the BRICS hazardous waste management market. According to the report, the BRICS hazardous waste management market is projected to grow at a healthy CAGR over the forecast period of 2021-2027.

Market Insight

Hazardous waste management involves the treatment of hazardous wastes to lower their toxicity levels, lowering the creation of hazardous substances, and applications of different measures to eradicate or lower the exposures to hazardous waste. Hazardous waste is formed of different material types that are infectious, or radioactive, flammable, toxic, and corrosive. The hazardous waste management of these dangerous materials includes collecting, transporting, storing, treating, and disposing of them. The waste management companies in BRICS offer hazardous waste management services. Furthermore, innovative techniques for hazardous waste management by the market players. Municipal waste including hazardous waste is becoming a source for power generation.

In BRICS countries the stringent government regulations for waste management are primarily driving the market. The new stringent regulations have stated detailed measures for hazardous waste management relating to its storage, production, treatment, transportation, and recycling. Therefore, many industries in the countries are adopting innovative hazardous management solutions. Furthermore, as the BRICS nations are global electronics manufacturing hubs, electronic waste has been rising in the BRICS countries. This is expected to aid the growth of the hazardous waste management market. Primarily aided by the growing affordability of electronics and growing standard of living of the people. Million tons of waste are generated every year in BRICS countries. This waste includes hazardous chemicals such as flame retardants, cadmium, lead, and mercury. Therefore, implementing hazardous waste management becomes important for the recycling and disposal of electronic waste. The only restraining factor market faces is the high cost of hazardous waste management. Though, the market is expected to get a boost due to the emergence of new innovative technologies for hazardous waste management.

China is expected to be the biggest hazardous waste management market in the countries. The chemical, electronics and electricals, and healthcare industries are expected to be the biggest producers of hazardous waste management. Further, these industries are advancing rapidly in the country as they are serving the overseas market from China. Increasing population and growing standard of living are further expected to be the supporting factors in the growth of the market. India is expected to be the second-largest market among the BRICS countries

Segment Covered

The report on BRICS hazardous waste management market covers segments such as type of hazardous waste, waste generators, and hazardous waste management services. On the basis of type of hazardous waste, the sub-markets include flammable, toxic, corrosive, infectious, radioactive, and other hazardous wastes. On the basis of waste generators, the sub-markets include small quantity hazardous waste generators, medium quantity hazardous waste generators, and large quantity hazardous waste generators. On the basis of hazardous waste management services, the sub-markets include collection, transportation, storage, waste treatment, and disposal services.

Companies Profiled:

The report provides profiles of the companies in the market such as Veolia, Suez Group, Dongjiang Environmental Co. Ltd., GEPIL, REMONDIS, Estre, EnviroServ Waste Management (PTY) Ltd, Environ India, China Everbright Environment Group Limited , and SMS Envocare Ltd.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the BRICS hazardous waste management market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.