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 Products Chapter
The industry hauls hazardous solid and liquid waste. Solid hazardous waste hauling is estimated to account for 55.0% of industry revenue in 2014-15, with liquid hazardous waste hauling accounting for 45.0%.
Medical waste hauling
IBISWorld estimates that medical waste hauling will account for 21.0% of industry revenue in 2014-15. 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... purchase to read more