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Global Industrial Waste Market Will Nearly Double by 2020 – ReportGlobal Industrial Waste Market Will Nearly Double by 2020 – Report

Allan Gerlat

September 18, 2014

1 Min Read
Global Industrial Waste Market Will Nearly Double by 2020 – Report

The global industrial waste market will nearly double in revenue by 2020 compared with 2013, on the strength of increased moves toward recycling, according to a new report.

A study by the San Antonio-based research firm Frost & Sullivan pegs the market growing to $750.1 billion annually in 2020 compared with $387.4 billion in 2013, according to a news release. Regulations that prompt a shift away from landfills to more value-adding segments such as recycling are fueling the growth, as shown in the report, “Global Industrial Waste Management Services Market.”

Modern economies are increasingly employing smarter industrial waste management as primary materials become expensive, transportation costs rise, and waste handling and disposal costs grow. There is an increased emphasis on lowering waste generation as well as reducing the carbon and water footprint, the report said. 

“The benefits of a circular economy based on sustainable industrial waste management has prompted companies to establish efficient collection and processing systems, therefore fuelling market revenues,” said Monika Chrusciak, Frost & Sullivan energy & environmental research analyst. “Preference for advanced waste treatment such as smart collection and sorting, recycling and incineration with energy recovery adds to market growth.”

 Developing markets will account for nearly half of the market revenues, particularly Asia-Pacific, as rapid industrialization will result in large waste generation and a drive for governments to develop efficient waste management. But those countries’ lack of consistency in governmental regulations and plans pose great risk for investors, Frost & Sullivan said.



About the Author(s)

Allan Gerlat

News Editor, Waste360

Allan Gerlat joined the Waste360 staff in September 2011 as news editor. He was the editor of Waste & Recycling News for the first 16 years of its history, and under his guidance the publication won 27 national and regional awards.

Before Waste & Recycling News, Allan worked at another Crain Communications publication, Rubber & Plastics News, which covers rubber product manufacturing. He began with the publication as associate editor and eventually became managing editor, a position he held for nine years.

Allan is a graduate of Ohio University, where he earned a BS in journalism. He is based in Sagamore Hills, in northeast Ohio.

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