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Industrial Waste Management - New Revenue Pockets
Globally, volumes of waste generated are increasing quickly, even faster than the rate of urbanization, creating huge opportunities for industrial waste management service providers. In many of the industrialized economies, the generated waste is disposed of as cheaply as possible, without paying attention to what happens once the waste leaves the producerís premises. However, this attitude is being changed, on account of the increased awareness of the risks associated with poor waste management practices. Investments are being made for effective recycling and treatment services in developed countries, whereas low level and middle level income countries are focusing on increasing the collection rate of generated waste, thereby reducing the open dump practices.
The waste management service providers build up partnerships with the industry end users to focus on developing new and innovative technologies, to effectively process generated wastes. This helps the end user companies to minimize their cost of waste handling operations thereby adhering to local/regional regulatory practices. Also, the waste management service providers are expanding their business operations, by performing mergers and acquisitions and agreements to establish its presence in the global industrial waste management market.
Recycling services are encouraged in most of the advanced economies as it reduces the consumption of fresh natural resources. This will help minimize energy usage, save money, and become eco-friendly. Recycling programs are being implemented at the state and local level rapidly. Europe is the biggest market for recycling services followed by Asia-Pacific and Americas.
Waste Management Inc. (U.S.) is one of the major companies in the industrial waste management sector. The company provides integrated waste management services throughout the U.S., Puerto Rico, and Canada. The company serves municipal, commercial, and industrial sectors; providing collection, transfer, recycling, and disposal services.
Industrial Waste Management Market by Services (Collection, Recycling, Incineration, Landfill) & Geography (Asia-Pacific, Europe, Middle East & Africa, Americas) - Global Trends and Forecasts to 2019
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