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 Products Chapter
The industry hauls hazardous solid and liquid waste. Solid hazardous waste hauling is estimated to account for 56.0% of industry revenue in 2015-16, with liquid hazardous waste hauling accounting for 44.0%.
Medical waste hauling
IBISWorld estimates that medical waste hauling will account for 21.0% of industry revenue in 2015-16. 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 this waste... purchase to read more