Increasing toxicity and safety concerns related to growing instances of waterborne diseases is expected to drive growth over the forecast period. The Global Liquid Waste Management Market size is expected to reach USD 117.8 billion by 2025, according to a new report by Grand View Research, Inc., clocking in a 3.8% CAGR during the forecast period.
The industry is widely influenced by factors such as population, waste production rates, available disposal capacity, and disposal sites. Rising global population and rapid industrialization in emerging economies have driven the amount of sewage generated by the manufacturing and service industry, thereby driving growth.
The industry is highly regulated in nature and governed by stringent regulations set down by different associations and ministries. The U.S. Environmental Protection Agency (EPA) and European Commission administer these regulations to decrease the gap between waste generation and management, which is expected to drive demand in the industry.
Industrial and residential sewage is often associated with health concerns since improper disposal leads to pollution, environmental toxicity and degradation, and soil contamination. Industrial chemical waste poses serious threats, such as radiation risks or biological organisms, which may lead to epidemic breakouts. This warrants the need for liquid waste management solutions, thereby driving market growth.
The industry is highly competitive and characterized by increasing technological challenges on account of changes in regulations and presence of experienced competitors. Synergies between water, sewage, and energy business lines set apart major players from local competition in the liquid waste management service industry.
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Market Segmentation of Liquid Waste Management Market:
The Global Liquid Waste Management Market segmented on the basis of Source, Industry, Service, and Country.
By Source:
Residential
Commercial
Toxic & Hazardous
Organic & Non-Hazardous
Industrial
Toxic & Hazardous
Organic & Non-Hazardous
By Industry:
Textile
Paper
Iron & Steel
Automotive
Pharmaceutical
Oil & Gas
By Service:
Collection
Transportation/Hauling
Disposal/Recycling
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