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.

Some of the major players operating in the China hazardous waste management market include Covanta Holding Corp., Clean Harbors, Inc., Ramky Group, and others. These players adopt various organic and inorganic growth strategies such as merger and acquisition and product launch to strengthen their presence in China market.

Research Methodology

The market study of the China hazardous waste management market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for existing companies and new entrants into the market, potential investors and venture capitalists, government organizations, and various end-user industries for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, products offered by the company and future market opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions. 

Market Segmentation:

1. China Hazardous waste management  Market Research and Analysis by 
2. China Hazardous waste management  Market Research and Analysis by 

The Report Covers:

• Comprehensive research methodology of China hazardous waste management market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting China hazardous waste management market.
• Insights about market determinants which are stimulating China hazardous waste management market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.