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Recycling and Recovery Drive the Industrial Waste Management Services Market in Europe Finds Frost & Sullivan - The market valued at $75 billion is increasingly being pushed towards recovering value from waste
Recycling and Recovery Drive the Industrial Waste Management Services Market in Europe Finds Frost & Sullivan

 

NewswireToday - /newswire/ - London, United Kingdom, 2011/09/22 - The market valued at $75 billion is increasingly being pushed towards recovering value from waste.

   
 
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The industrial waste management services sector has a strongly positioned $75 billion market in Europe, driven by the growth and demand for value-added services such as recycling and recovery. According to Frost & Sullivan, most countries are working towards limiting landfill disposal, and are favouring energy recovery from waste and material recovery through recycling, due to legislative targets.

"Regulatory pressures from the Waste Directive and Directives on landfill of waste and incineration of waste drive this market", explains Frost & Sullivan analyst Bhooma Madhavan. "They are providing growth opportunities for innovative solutions in limiting landfill and increasing recycling and recovery".

Recovering trace metals is an emerging market, which came to prominence when metal and other commodity prices sky rocketed during the economic downturn. The European industrial waste management market is increasingly being pushed towards recovering value from waste, through the services of recycling and recovery.

"The industrial waste management market is intrinsically linked to industrial production, and is driven by the EU waste hierarchy policy, which stipulates that waste should go to landfills as the last resort," says analyst Madhavan. "This is catalysing the development of alternative methods of waste treatment, including recycling and reuse. A rebound in industrial activity, as well as a shift towards value-addition from waste processing, will promote further growth in this well-developed market".

Regional economic growth, industrial production levels, and local waste processing laws are the significant factors influencing the market. Variations in regional policies and targets require companies in the waste management market to stay updated with regard to changes in legislative measures, as they need to ensure that these provisions are satisfactorily covered in their service offerings. The high level of regional diversity has created opportunities for local companies with specialised knowledge of their respective regions. Nevertheless, large multinational companies have also succeeded through strategies like establishing local subsidiaries or forming effective partnerships to achieve geographic scale-ups and comprehensive service offerings.

Overall, key growth markets such as the United Kingdom and countries in Southern Europe are primarily motivated by the need to conform to EU Directives. The growth momentum is being sustained by large markets, such as Germany and France, which maintain their active demand for industrial waste management services.

Germany has achieved a better position in adhering to the EU waste hierarchy policy and is renowned for being advanced in waste management technology. This, coupled with Germany’s rebound from the economic downturn in industrial production and export activity, promises a healthy market for industrial waste management.

For further information on the Industrial Waste Management Services Market in Europe, please contact Chiara Carella, Corporate Communications, chiara.carella[.]frost.com

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEOs Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents.

 
 
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Recycling and Recovery Drive the Industrial Waste Management Services Market in Europe Finds Frost & Sullivan

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Publisher Contact: Chiara Carella 
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