Dublin, Ireland — Analysts forecast the global industrial waste recycling and services market to grow at a CAGR of 10.5 percent over the period 2013-2018. The development of the market in the four based on service types – collection, recycling, landfill and incineration – is in the focus of the „Global Industrial Waste Recycling And Services Market 2014-2018“ report now offered by Research and Markets.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the global industrial waste recycling and services market landscape and its growth prospects in the coming years. The report too includes a discussion of the key vendors operating in this market.
Commenting on the report, an analyst from the team said: “One key trend in this market is the rising need to reduce hazards caused from waste emissions. Industrial waste is mostly toxic as many industries use chemicals in their manufacturing process.”
According to the report, one of the major drivers in this market is the increased number of industries that generate recyclable waste. Industrial waste is generated by the chemical, printing, petroleum refining, leather products, paper and pulp, construction, and metal industries. The huge amount of industrial waste generated by these industries available for recycling will boost the growth of the market.
Further, the report states that one of the main challenges in the market is the lack of awareness of safe dumping methods for industrial waste. The unsafe 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.
More information can be found under researchandmarkets.com.
Source: Research and Markets Ltd