Safety in numbers: Revenue and profits have climbed as manufacturing and medical waste pile up
Demand for hazardous waste hauling services is consistent, due to the health risks associated with handling this type of waste and the damage that it can cause to the environment. However, mixed economic conditions in recent years have influenced hazardous waste volumes differently across the industry's key markets. While demand increased from some healthcare clients due to COVID-19 testing, demand from the construction sector fell as reduced activity meant there were lower volumes of contaminated soil and asbestos. Even within the healthcare sector, drivers were mixed, with many medical procedures cancelled amid COVID-19 restrictions, reducing demand for some clinical waste hauling services.
The industry collects and transports hazardous waste. Waste is classified as hazardous if it poses a substantial threat to public health or the environment. Four factors determine whether a substance is considered hazardous: ignitability, reactivity, corrosivity and toxicity. The industry excludes councils or municipalities that provide hazardous waste services to residents.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Cleanaway Waste Management Limited
- Veolia Environmental Services (Australia) Pty Ltd
Methodology
LOADING...
