Hazardous Waste Handling Automation Market by Application and Geography - Forecast and Analysis 2022-2026

The hazardous waste handling automation market share is expected to increase by USD 6.25 billion from 2021 to 2026, at a CAGR of 6.05%.

The report extensively covers hazardous waste handling automation market segmentation by the following:

• Application - Industries and agriculture
• Geography - APAC, North America, Europe, South America, and Middle East and Africa

The hazardous waste handling automation market report offers information on several market vendors, including Cargotec Corp., Clean Harbors Inc., Covanta Holding Corp., Hosokawa Micron Powder Systems, Konecranes Plc, Orange County, Pallmann Maschinenfabrik GmbH and Co. KG, PaR Systems LLC, PegEx Inc., Recology Inc., REEL SAS, Republic Services Inc., RLC Technologies Inc., Rumpke Consolidated Companies Inc., Stericycle Inc., Terex Corp., VEOLIA ENVIRONNEMENT SA, Waste Connections Inc., and Waste Management Inc. among others.

This hazardous waste handling automation market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches.

What will the Hazardous Waste Handling Automation Market Size be During the Forecast Period?

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Hazardous Waste Handling Automation Market: Key Drivers, Trends, and Challenges

The increase in industrial activities is notably driving the hazardous waste handling automation market growth, although factors such as occupational risks may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the hazardous waste handling automation industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Hazardous Waste Handling Automation Market Driver

The increase in industrial activities is one of the key drivers supporting the hazardous waste handling automation market growth. The adoption of waste management by the automobile industry has increased due to the fact that increased demand for raw materials might lead to their depletion. Hence, measures are being taken to use the materials judiciously and manage the wastes efficiently. For instance, Suez provides hazardous waste handling automation solutions to its industrial clients across the world by ensuring compliance with the specific regulations and safety of people, property, and environment at all stages of the waste management process. Hence, such growth in industrial activities is expected to drive the global hazardous waste handling automation market during the forecast period, with APAC at the forefront. 

Key Hazardous Waste Handling Automation Market Trend

Stringent regulations for hazardous waste transporters is one of the key hazardous waste handling automation market trends fueling the market growth. The transporters are trained to handle emergency incidents to reduce the impact on the environment and human health. For instance, in India, vehicles used by hazardous waste transporters should be in accordance with the Motor Vehicle Act, 1988, and should possess certificates from the relevant State Pollution Control Board. Moreover, the vehicle should be painted blue color with a white strip of 15-30 cm width, running centrally all over the body to facilitate easy identification. Also, the words hazardous waste should be displayed on all sides of the vehicle in Hindi, English, and vernacular languages. Thus, such regulations pertaining to the transporters will further increase the safety in the transportation of hazardous wastes. This factor will positively impact the market growth during the forecast period.

Key Hazardous Waste Handling Automation Market Challenge

Occupational risks is one of the factors hindering the hazardous waste handling automation market growth. The residues of hazardous chemicals in recyclable containers and the associated gaseous emissions pose chemical risks to the workers involved in the collection, sorting, and washing processes. Chemicals that pose risks are chlorine, fluorine, paper bleaching and pulping agents, plastic additives, equipment cleaning solvents, insecticides, and herbicides. Any contact with skin or inhalation or even ingestion of such chemicals can lead to dermatitis, disorder to the central nervous system, possible liver, and kidney damage. As a result, employers need to train the workers efficiently to overcome such mechanical, ergonomic, and chemical risks while at work. Such occupational risks will pose a challenge to the growth of the global hazardous waste handling automation market during the forecast period.

This hazardous waste handling automation market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Hazardous Waste Handling Automation Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Cargotec Corp.
• Clean Harbors Inc.
• Covanta Holding Corp.
• Hosokawa Micron Powder Systems
• Konecranes Plc
• Orange County
• Pallmann Maschinenfabrik GmbH and Co. KG
• PaR Systems LLC
• PegEx Inc.
• Recology Inc.
• REEL SAS
• Republic Services Inc.
• RLC Technologies Inc.
• Rumpke Consolidated Companies Inc.
• Stericycle Inc.
• Terex Corp.
• VEOLIA ENVIRONNEMENT SA
• Waste Connections Inc.
• Waste Management Inc.

 

This statistical study of the hazardous waste handling automation market encompasses successful business strategies deployed by the key vendors. The hazardous waste handling automation market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• Cargotec Corp. - The company offers products such as Multilift Futura 12.
• Clean Harbors Inc. - The company offers products such as Tank Cleaning Robot.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The hazardous waste handling automation market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Which are the Key Regions for Hazardous Waste Handling Automation Market?

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59% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for hazardous waste handling automation market in APAC. Market growth in this region will be slower than the growth of the market in MEA.

Infrastructure development projects generate a large volume of hazardous wastes, which will facilitate the hazardous waste handling automation market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

Countries in the region, such as India, Australia, and China, have been severely affected by the COVID-19 pandemic 2020. Increasing research activities by pharmaceutical and biopharmaceutical companies to develop vaccines and drugs for the treatment of patients affected by the disease, a rise in construction activities, and increasing awareness about waste management to comply with regulations related to environmental pollution are expected to recover and propel the growth of the hazardous waste handling market during the forecast period.

What are the Revenue-generating Application Segments in the Hazardous Waste Handling Automation Market?

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The hazardous waste handling automation market share growth by the industries segment will be significant during the forecast period. For instance, the heavy construction activity in the construction, demolition, and renovation sectors might result in the production of asphalt, petroleum distillates, and used oil. Resource Conservation and Recovery Act (RCRA) waste codes attached to these wastes are D001 for asphalt wastes, petroleum distillates, and used oil sent for disposal, D004 for arsenic, D006-D008 for used oil sent for disposal containing cadmium, chromium, or lead, and D018 for asphalt wastes containing benzene. Hence, such measures by regulatory agencies help to identify the hazardous waste generation at specific sources and thus, facilitate appropriate treatment. The generation of industrial hazardous wastes takes place in developed economies such as the US and the European countries. With the recovery in the manufacturing sector, the generation of industrial hazardous waste is expected to increase during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the hazardous waste handling automation market size and actionable market insights on post COVID-19 impact on each segment.

Parent Market Analysis

Technavio categorizes the waste handling automation market as a part of the global environmental and facilities services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the hazardous waste handling automation market during the forecast period.

Hazardous Waste Handling Automation Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the hazardous waste handling automation market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

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Hazardous Waste Handling Automation Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Decelerate at a CAGR of 6.05%
Market growth 2022-2026	$ 6.25 billion
Market structure	Fragmented
YoY growth (%)	7.19
Regional analysis	APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution	APAC at 59%
Key consumer countries	US, China, Japan, Germany, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Cargotec Corp., Clean Harbors Inc., Covanta Holding Corp., Hosokawa Micron Powder Systems, Konecranes Plc, Orange County, Pallmann Maschinenfabrik GmbH and Co. KG, PaR Systems LLC, PegEx Inc., Recology Inc., REEL SAS, Republic Services Inc., RLC Technologies Inc., Rumpke Consolidated Companies Inc., Stericycle Inc., Terex Corp., VEOLIA ENVIRONNEMENT SA, Waste Connections Inc., and Waste Management Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Hazardous Waste Handling Automation Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive hazardous waste handling automation market growth during the next five years
• Precise estimation of the hazardous waste handling automation market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the hazardous waste handling automation industry across APAC, North America, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of hazardous waste handling automation market vendors

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