China hazardous waste management market is expected to witness a CAGR of 7.7% growth with the CAGR of 6.8% during the forecast period. A significant growth in the consumer electronics market coupled with the government focus on e-waste management is boosting the growth of the market in the country. Further, China’s mobile phone subscription has grown rapidly in recent years owing to changing lifestyle and increasing disposable income of the people. According to the International Telecommunication Union, at the end of 2017, there were more than 1.4 billion mobile phone subscriptions in China and an internet penetration rate of 54.3% was observed in the country. These facts and figures reflect the surging demand for mobile phones in the country which is expected to generate electronic waste in a huge amount, surging the demand for proper waste management in the country.
Further, over the past two years, the government in China has accelerated campaigns and policies for reducing solid waste in the country. Emerging policies accelerated by Chinese government include plastic waste import bans, increased municipal waste sorting, guidelines on single-use packaging, and cradle-to-grave tracking for hazardous wastes, among others. Additionally, United States Environmental Protection Agency (EPA) established a partnership with China’s Ministry of Ecology and Environment (MEE) in 2018 for strengthening its capacity in order to address current and emerging environmental and public health challenges. The collaboration was aimed at improving air quality, reducing water pollution, preventing exposures to chemicals and toxics, remediating hazardous and solid waste, improving environmental enforcement and compliances, and enhancing environmental laws and institutions. Such collaborative efforts by the country will surge the growth of the market in the near future.
China hazardous waste management market is segmented on the basis of service type and waste type. Based on the service type, the market is segmented into transportation & storage, recycling service, waste treatment and disposal service. Based on the waste type, the market is segmented into biomedical waste, industrial waste, domestic waste, and others.
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China Hazardous Waste Management Market Segmentation
By Service Type
- Transportation & Storage
- Recycling Service
- Waste Treatment and Disposal Service
By Waste Type
- Biomedical Waste
- Industrial Waste
- Domestic Waste
- Others
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Company Profiles
- Covanta Holding Corp.
- Clean Harbors, Inc.
- Ramky Group
- Gensuite
- Waterleau
- DuPont Sustainable Solutions
- Danaher Corp
- Weston Solutions, Inc.
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