Industry Analysis & Industry Trends
Demand for hazardous waste hauling services is high, with a wide range of downstream industries producing waste that requires collection and transportation by specialist firms. Industry revenue has increased at a steady rate as hazardous waste volumes from the manufacturing, medical, construction, and hospitality sectors have generally increased as economic conditions have remained relatively sound. IBISWorld estimates hazardous waste volumes will increase at an annualised 1.7% over the five years through 2014-15. Higher volumes and strong pricing levels have contributed to industry revenue growth over these years.
Government regulations allowing only licensed companies to haul hazardous waste benefit the industry... 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 2014-15, 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