Liquid Waste Management Market Share

On the basis of geographical analysis, the global liquid waste management market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. Asia Pacific industry is poised to dominate majority revenue share by 2036, propelled by growing population in emerging countries such as China and India, increasing water requirements, and rise in water recycling activities in the region. As per the Asian Development Bank, by 2030, the gap between water demand and supply will become 40 percent. Over 90 percent of the region’s population already face an imminent water crisis.

North America Market Analysis

Moreover, the market in North America is predicted to grab the largest share during the forecast period, which can be credited to the stringent government regulations associated with liquid waste management, and large number of ongoing activities in the oil and gas industry in the region. In addition, growing penetration of waste management in the industrial, residential and commercial sectors is also evaluated to boost the region’s market growth in the future.

Frequently Asked Questions (FAQ)

The major factors driving market growth are growing rate of urbanization worldwide and increasing manufacturing activities resulting in the generation of toxic waste.

The market is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2022 â€“ 2030.

High cost of liquid waste management equipment is estimated to hamper the market growth.

Asia Pacific will provide more business growth opportunities owing to the growing population in emerging countries such as China and India, and increasing water requirements.

The major players in the market are Suez Environment S.A., Clean Harbors Inc., Republic Services Inc., Stericycle, Veolia Environmental Services North America Corporation, and others.

Liquid Waste Management Market Share