Industry Analysis & Industry Trends
Demand for hazardous waste hauling services continues to be high, with a wide range of downstream industries producing waste that requires collection and transportation by specialist firms. Industry growth has increased at a steady rate as hazardous waste volumes from the manufacturing, medical, construction, hospitality and other sectors generally increased as economic conditions remained relatively sound. IBISWorld estimates hazardous waste volumes will increase at an annualised rate of 1.9% over the five years through 2013-14. Higher volumes combined with strong pricing levels contributed to stronger industry revenue growth over these years.
Government regulations requiring only licensed companies to haul hazardous waste benefits the industry... purchase to read more
Industry Report - Industry Products Chapter
The industry hauls hazardous solid and liquid waste. Solid hazardous waste hauling is estimated to account for 55% of industry revenue in 2013-14, with liquid hazardous waste hauling estimated at 45%.
Medical waste hauling
IBISWorld estimates that medical waste hauling will account for 20.0% of industry revenue in 2013-14. This includes a wide range of toxic and dangerous medical waste and materials, such as needles, syringes, instruments, swabs, bandages, body parts and body fluids. Specialist medical waste companies with purpose-built trucks and vehicles transport the majority of these wastes. This segment is estimated to have increased from 16.0% of industry revenue in 2008-09 due to increased health service levels, which produces higher medical waste volumes... purchase to read more