Asia-Pacific hazardous waste management market is expected to witness a significant growth with the CAGR of 7.8% during the forecast period. The factors attributing to the substantial market growth includes government initiatives fuelling the market, growing amount of hazardous waste, mounting e-waste is advancing the waste management activities, and biomedical waste is growing the demand for waste management.
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Asia-Pacific Hazardous Waste Management Market,
Size, Share, Analysis Report & Forecast to 2025
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Asia-Pacific hazardous waste management market is expected to witness a significant growth with the
CAGR of 7.8% during the forecast period. The factors attributing to the substantial market growth
includes government initiatives fuelling the market, growing amount of hazardous waste, mounting e-
waste is advancing the waste management activities, and biomedical waste is growing the demand for
waste management. Companies in the market offer various services for waste management of
hazardous material such as transportation and storage, recycling, waste treatment and disposable
service. However, the market is being challenged by high capital investment in the waste management
services, thus, restricting the market growth.
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Despite the challenge the market is calculated to accelerate with substantial rate during the forecast
period due to growing applications in emerging economies such as India, and China. Additionally,
Electric & hybrid vehicles are increasingly taking place of gasoline vehicles. This marks a growth factor
for the hazardous waste management market players, as there are several companies in the market that
are engaged in the recycling of batteries.
Asia-Pacific 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, recyc