San Francisco, 05 Apr 2019 - The U.S. liquid waste management market is expected to reach USD 22.5 Billion by 2025, according to a new report by Grand View Research, Inc. Growing organic & non-hazardous liquid waste generation through residential and commercial sources is expected to drive demand over the forecast period.
Industrial & residential liquid waste is often associated with water-borne diseases since improper disposal of the waste leads to water pollution, environmental degradation, and soil contamination. As a result, the demand for hygienic liquid waste management services is expected to grow significantly over the forecast period.
A major trend arising from the need to improve liquid waste management is the outsourcing of the services to global & competitive players in order to improve the focus on sustainability and meet stringent guidelines. In addition, the government undertakes public-private partnership projects to enhance the efficiency of the waste management process, which is expected to propel growth over the forecast period.
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Further key findings from the report suggest:
- Liquid waste generated through residential sector accounted for 45.3% of the overall revenue in 2016 on account of the high per capita discharge of wastewater in states including California, Texas, Florida and New York
- Organic & non-hazardous liquid waste accounted for the majority of the revenue share in commercial sector owing to the high amount of liquid waste generated through hospitality and medical industry
- Automotive industry accounted for 5.5% of the total revenue generated through treatment of the liquid waste in 2016 owing to the growing production of vehicles in the eastern states of the country
- California accounted for the largest revenue share in 2016 on account of the high population growth coupled with growing tourism, pharmaceutical and automotive industries in the state
- The market is fragmented with few major players including Waste Management, Inc., Republic Services and Clean Harbors operating across the country. The market is characterized by the major players acquiring local players to increase the market share.
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Grand View Research has segmented the U.S. liquid waste management market on the basis of waste type, source, service, and country:
Waste Type Outlook (Revenue, USD Million, 2014 - 2025)
- Residential
- Commercial
- Toxic & Hazardous Waste
- Organic & Non-Hazardous Waste
- Industrial
- Toxic & Hazardous Waste
- Organic & Non-Hazardous Waste
- Chemical Waste
Source Outlook (Revenue, USD Million, 2014 - 2025)
- Textile
- Paper
- Iron & Steel
- Automotive
- Pharmaceutical
- Oil & Gas
- Others
Service Outlook (Revenue, USD Million, 2014 - 2025)
- Collection
- Transportation/Hauling
- Disposal/Recycling
Country Outlook (Revenue, USD Million, 2014 - 2025)
- California
- Texas
- Florida
- New York
- Illinois
- Pennsylvania
- Ohio
- Georgia
- North Carolina
- Michigan
- Kentucky
- Tennessee
- Virginia
- West Virginia
- South Carolina
- Arkansas
- Alabama
- Mississippi
- Louisiana
- Maryland
- Indiana
- Wisconsin
- Rest of U.S.
Browse Press Release of this Report: www.grandviewresearch.com/press-release/us-liquid-waste-management-market-analysis
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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