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Growth in hazardous waste management services

Archiv – The European hazardous waste management services market is currently in a period of change. The expanded definition of hazardous waste in many European countries is increasing waste volumes, thereby spurring demand for waste management services. In addition, restrictions on the use of landfill and changes in the treatment of hazardous materials are also opening up opportunities in these markets. The European hazardous waste management services market is currently in a period of change. The expanded definition of hazardous waste in many European countries is increasing waste volumes, thereby spurring demand for waste management services. In addition, restrictions on the use of landfill and changes in the treatment of hazardous materials are also opening up opportunities in these markets.
A new study from UK-based consulting company Frost & Sullivan – entitled ’European Hazardous Waste Management Services Markets’ – reveals that revenues within this industry totalled US$ 7.67 billion in 2004 and are expected to reach US$ 8.68 billion by 2011.
‘€˜European Hazardous Waste Management Services Markets’€™ is part of a series evaluating global opportunities in a range of environmental technology and service markets. The study profiles the following services that dominate the hazardous waste management services markets: waste collection; thermal treatment; other hazardous material treatments; waste disposal; and recycling/re-use services.
‘€˜The adoption of the new European Waste Catalogue (EWC) broadening the term hazardous waste has led to a rise in hazardous waste volumes while creating mushrooming demand for waste management services,’€™ says Practice Director John Raspin. ‘€˜Efforts to comply with the European Union’€™s legislation across various EU member states will lead to the development of new treatment options or specialist landfills.’€™
EU laws altering the use of landfills for hazardous materials have impacted on all aspects of waste management. In addition, waste management services face opportunities owing to the demand for integrated waste management strategies, while on-going penetration of the private sector into a hitherto public sector-dominated field is acting as a catalyst for growth in many European markets. A result of this shift has been the introduction of new treatment and disposal options. Furthermore, public and private sector consolidation in some European countries is further modernising these markets.

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