Industry Analysis & Industry Trends
Demand for hazardous waste hauling services is relatively high, due to the dangerous nature of the waste and the harm that it can cause to people and the environment. The industry services a wide range of downstream industries that produce hazardous waste requiring collection and transportation. Industry revenue has increased at a steady rate as hazardous waste volumes from the medical, construction, and hospitality sectors have generally increased as economic conditions have remained relatively sound. Although demand from the Manufacturing division is high, this market has fallen as a proportion of industry revenue in the past five years due to declines across the division.
IBISWorld expects hazardous waste volumes to increase at an annualised 1.7%... purchase to read more
Industry Report - Industry Locations Chapter
Industry activity is highest in states and territories that have the highest population and business levels. This is due to companies and businesses often being set up close to populated regions, with a certain proportion of these firms producing hazardous waste. New South Wales, Victoria and Queensland account for the greatest levels of industry activity due to the high waste levels produced by companies in these states. These three states combined are estimated to account for 80.7% of industry revenue in 2015-16, and 79.6% of industry establishments.
New South Wales has the highest population and a large percentage of businesses, resulting in the state accounting for the greater proportion of industry revenue and establishments at well over one-third of these totals each... purchase to read more