Hazardous Waste Management in China - Market Research Report (2014-2029)
Beijing, China
Last Updated: May 2024
8024Revenue
$2.8bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
56,023
Businesses
5,623
Wages
$XXX.Xm
Hazardous Waste Management in China industry analysis
Revenue for the Hazardous Waste Management industry is estimated to total $2.8 billion in 2023, rising by 6.9% from 2022. Industry revenue is expected to increase at a CAGR of 2.6% over the five years through 2023, due to increasing demand from many rapidly developing industries.Demand for industry services comes mainly from various manufacturing industries that have benefited from strong growth and generated unprecedented amounts of hazardous waste in recent years. Government bodies at various levels in China have been emphasizing and prioritizing waste management to increase living standards. This trend has also boosted industry demand.More foreign enterprises are forecast to enter the industry in future years, encouraged by the Chinese Government. Foreign enterprises have competitive advantages in terms of technology and management. Their entry will therefore further promote the industry's development.As China's industrialization level is gradually rising, industrial hazardous waste output has also increased. The outbreak of the COVID-19 pandemic in 2020 caused more than 162,000 tons of mask waste to be added throughout the year. The increase in medical waste in 2020 exceeded 25.0%. China's Hazardous Waste Management industry is relatively new, and it is expected that China's Hazardous Waste Management market will continue to grow steadily.However, due to the repeated epidemic and industrial production reduction in 2022, the insufficient construction of upstream enterprises led to a decrease in the production of hazardous waste, resulting in a significant decline in the industry.The government is anticipated to increasingly emphasize environmental protection and various sectors will likely generate much more hazardous waste over the next five years. As a result, industry revenue is forecast to increase at a CAGR of 5.4% over the five years through 2028, to total $3.7 billion.
Trends and Insights
- There is overcapacity in the industry. The Ministry of Ecology and Environment in multiple regions reminds that investing in hazardous waste management industries should avoid capacity constraints and reduce resource waste.
- The industry provides disposal, resource utilization and storage services. Hazardous waste treatment enterprises select appropriate methods to treat hazardous wastes according to the types and characteristics of hazardous wastes.
- Hazardous waste management is influenced by local industry. The types and production of hazardous waste are closely related to the local industrial type and level.
- Price competition is becoming increasingly frequent. With the increase in the number of operators in the industry and the growth of hazardous waste treatment capacity, there is a phenomenon of oversupply in the industry, leading to more price competition.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 2.6 % over the past five years, to reach an estimated $2.8bn in 2024.
Trends and Insights
Environmental policies support industry development
- The hazardous waste treatment industry is highly sensitive to environmental policies. In the past five years, favorable policies have promoted industry growth.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Resuming of economy promotes the industry's recovery
- With the reduction of the impact of the COVID-19 epidemic in 2023, industrial production upstream of the industry will resume orderly.
Biggest companies in the Hazardous Waste Management in China
| Company | Market Share (%)
2023 | Revenue ($short_0)
2023 |
|---|
There are no companies that hold a large enough market share in the Hazardous Waste Management in China industry for IBISWorld to include in this product.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Hazardous waste treatment, Hazardous waste comprehensive utilization and Hazardous waste storage management. Hazardous waste treatment is the largest segment of the Hazardous Waste Management in China.
Trends and Insights
Hazardous waste disposal services are the basic of the industry
- Hazardous waste management enterprises provide incineration, landfill, and comprehensive utilization services for hazardous waste based on its types and characteristics, and charge service fees for the disposal of hazardous waste.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- There are no industries to display.
Complementors
- Pollution Treatment Equipment Manufacturing in China
- Sewage Treatment Facilities in China
- Environmental Monitoring in China
- Water Pollution Control in China
International industries
- There are no industries to display.
Table of Contents
About this industry
Industry definition
The Hazardous Waste Management industry collects, stores, uses and disposes of hazardous waste. Hazardous waste can pose threats to humans and to the environment if inappropriately handled, stored, transported and disposed of. Most hazardous waste is produced from the activities of manufacturing firms and other heavy industries.
What's included in this industry?
Hazardous waste treatmentHazardous waste comprehensive utilizationHazardous waste storage managementCompanies
Purchase this report to view all major companies in this industry.
Related Terms
HAZARDOUS WASTEFERROUSLEACHATEPerformance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
There is overcapacity in the industry. The Ministry of Ecology and Environment in multiple regions reminds that investing in hazardous waste management industries should avoi...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
The industry provides disposal, resource utilization and storage services. Hazardous waste treatment enterprises select appropriate methods to treat hazardous wastes accordin...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Hazardous waste management is influenced by local industry. The types and production of hazardous waste are closely related to the local industrial type and level.
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Price competition is becoming increasingly frequent. With the increase in the number of operators in the industry and the growth of hazardous waste treatment capacity, there ...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Most large enterprises provide one-stop services. One stop service has a competitive advantage and can meet the diverse needs of customers.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
Detailed analysis
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
New policies will improve regulatory system for hazardous waste. China has released changes in standardized environmental management of hazardous waste during the 14th Five Y...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Industry profits continue to decline. Price competition squeezes industry profit margins.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in China include:
- National Bureau of Statistics China
- General Administration of Customs
- People’s Bank of China
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Hazardous Waste Management industry in China in 2024?
The market size of the Hazardous Waste Management industry in China is $2.8bn in 2024.
How many businesses are there in the Hazardous Waste Management in China industry in 2024?
There are 5,623 businesses in the Hazardous Waste Management industry in China, which has grown at a CAGR of 11.8 % between 2019 and 2024.
Has the Hazardous Waste Management industry in China grown or declined over the past 5 years?
The market size of the Hazardous Waste Management industry in China has been growing at a CAGR of 2.6 % between 2019 and 2024.
What is the forecast growth of the Hazardous Waste Management industry in China over the next 5 years?
Over the next five years, the Hazardous Waste Management industry in China is expected to grow.
What does the Hazardous Waste Management in China include?
Hazardous waste treatment and Hazardous waste comprehensive utilization are part of the Hazardous Waste Management industry.
How competitive is the Hazardous Waste Management industry in China?
The level of competition is moderate and increasing in the Hazardous Waste Management industry in China.
