유해 폐기물 순환 경제 시장 예측(-2032년) : 페기물 유형별, 처리 방법별, 경제 접근법별, 서비스 제공업체별, 최종 사용자별, 지역별 세계 분석

According to Stratistics MRC, the Global Hazardous Waste Circular Economy Market is accounted for $45.9 billion in 2025 and is expected to reach $78.2 billion by 2032 growing at a CAGR of 7.9% during the forecast period. Hazardous Waste Circular Economy refers to a sustainable approach that integrates hazardous waste management into circular economy principles. Instead of disposal, it emphasizes minimizing waste generation, promoting safe reuse, recycling, and recovery of materials from hazardous waste streams. This model encourages industries to redesign processes to reduce toxicity, extend product life cycles, and transform waste into valuable resources while ensuring environmental and human safety. By closing the loop, it reduces reliance on raw materials, lowers pollution, and supports regulatory compliance. Ultimately, it fosters innovation and responsible production, aligning economic growth with ecological preservation and public health protection.

Market Dynamics:

Driver:

Stringent Environmental Regulations

Stringent environmental regulations are a key driver for the market. Governments worldwide are enforcing strict policies to reduce pollution and promote sustainable waste management. These regulations compel industries to adopt circular practices such as recycling, reuse, and safe disposal of hazardous materials. Compliance not only avoids penalties but also enhances corporate responsibility and brand reputation. As environmental awareness grows, regulatory frameworks continue to evolve, pushing industries toward innovative solutions that align with circular economy principles and long-term sustainability goals.

Restraint:

High Treatment Costs

High treatment costs pose a significant restraint to the growth of the market. Managing hazardous waste requires advanced technologies, skilled labor, and strict safety protocols, all of which contribute to elevated operational expenses. Small and medium enterprises often struggle to afford these costs, limiting their participation in circular initiatives. Additionally, the complexity of waste composition demands specialized treatment methods, further increasing financial burdens. These economic challenges can hinder widespread adoption of circular waste management.

Opportunity:

Industrial Waste Generation

Rising industrial waste generation presents a substantial opportunity for the market. Rapid industrialization across sectors such as chemicals, manufacturing, and mining leads to increased volumes of hazardous waste. This surge creates demand for efficient circular solutions that recover valuable materials and reduce environmental impact. Companies are investing in innovative technologies to transform waste into reusable resources, aligning with sustainability goals. As industries seek eco-friendly waste management strategies, the circular economy model offers scalable solutions that support both profitability and environmental stewardship.

Threat:

Complex Waste Composition

Complex waste composition significantly hampers the hazardous waste circular economy market by complicating segregation, recycling, and treatment processes. Diverse chemical properties and mixed contaminants increase operational costs and reduce material recovery efficiency. This complexity also poses safety risks, regulatory challenges, and limits the scalability of circular solutions. As a result, innovation slows, investor confidence weakens, and sustainable waste management goals become harder to achieve, undermining circular economy progress.

Covid-19 Impact:

The Covid-19 pandemic disrupted the hazardous waste circular economy market by halting industrial operations and supply chains, leading to reduced waste generation and recycling activities. However, the surge in medical and chemical waste emphasized the need for sustainable disposal solutions. The crisis accelerated digitalization and automation in waste management, fostering resilience. Post-pandemic recovery has reignited industrial activity, boosting demand for circular practices and reinforcing the importance of robust hazardous waste systems.

The reduce segment is expected to be the largest during the forecast period

The reduce segment is expected to account for the largest market share during the forecast period as it focuses on minimizing waste generation at the source through process optimization, material substitution, and eco-design. Industries are increasingly adopting reduction strategies to lower costs, comply with regulations, and enhance sustainability. By preventing hazardous waste before it occurs, companies reduce treatment burdens and environmental risks. The growing emphasis on cleaner production and resource efficiency positions the reduce segment as a cornerstone of circular economy initiatives.

The mining & metals segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the mining & metals segment is predicted to witness the highest growth rate as this sector generates substantial volumes of hazardous waste, including heavy metals and chemical residues. Circular economy practices such as metal recovery, waste valorization, and sustainable extraction are gaining traction to address environmental concerns and resource scarcity. Technological advancements enable efficient recycling and reuse of mining by-products, reducing ecological footprints. As demand for metals rises globally, the industry's shift toward circular models is accelerating, fueling rapid market growth.

Region with largest share:

During the forecast period, the Asia Pacific region is expected to hold the largest market share due to region's robust industrial growth, especially in China, India, and Southeast Asia, contributes to high volumes of hazardous waste. Governments are implementing stringent environmental regulations and promoting circular economy frameworks to address pollution and resource depletion. Investments in infrastructure, technology, and public awareness further support market expansion. With a strong manufacturing base and sustainability initiatives, Asia Pacific leads in adopting circular solutions for hazardous waste management.

Region with highest CAGR:

Over the forecast period, the North America region is anticipated to exhibit the highest CAGR owing to region's advanced regulatory environment and corporate sustainability commitments drive rapid adoption of circular practices. Industries are investing in cutting-edge waste treatment and recycling systems to meet environmental standards and reduce operational costs. The presence of key market players and supportive government policies further accelerate growth. As awareness of climate change and resource conservation intensifies, North America's leadership in circular hazardous waste management continues to strengthen.

Key players in the market

Some of the key players in Hazardous Waste Circular Economy Market include Veolia Environnement SA, Beijing Capital Eco-Environment Protection Group, Waste Management Inc., Hitachi Zosen Corp., Clean Harbors Inc., Daiseki Co. Ltd., Suez SA, Urbaser S.A.U., Republic Services Inc., Remondis SE & Co. KG, Stericycle Inc., Valicor Environmental Services, Covanta Holding Corp., GFL Environmental Inc., and Biffa plc.

Key Developments:

In July 2025, Veolia and AFD have inked a three-year strategic partnership to bring Veolia's technical strength together with AFD's local presence, targeting water, waste, energy sectors in developing regions (Latin America, Africa, Balkans, Middle East) to drive ecological transformation.

In February 2025, Veolia and ADNOC signed a memorandum of understanding during the UAE-France High-Level Business Council meeting. This strategic partnership aims to optimize water consumption and reduce carbon footprints across ADNOC's industrial operations. Leveraging Veolia's global expertise, the collaboration focuses on evaluating water management strategies, conducting comprehensive water cycle assessments, and enhancing flow monitoring systems.

Waste Types Covered:

• Industrial Hazardous Waste
• Biomedical & Healthcare Waste
• Chemical Waste
• Radioactive Waste
• E-Waste
• Other Waste Types

Treatment Methods Covered:

• Recycling & Material Recovery
• Biological Treatment
• Incineration with Energy Recovery
• Chemical Treatment
• Secure Landfilling

Economy Approaches Covered:

• Reduce
• Recycle
• Reuse
• Remanufacturing
• Recovery (Energy & Resources)

Service Providers Covered:

• Waste Collection & Transport
• Resource Recovery Companies
• Waste Processing & Treatment
• Specialized Waste Management Firms

End Users Covered:

• Oil & Gas
• Construction & Demolition
• Chemicals & Petrochemicals
• Mining & Metals
• Healthcare & Pharmaceuticals
• Electronics & Electricals
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 End User Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Hazardous Waste Circular Economy Market, By Waste Type

• 5.1 Introduction
• 5.2 Industrial Hazardous Waste
• 5.3 Biomedical & Healthcare Waste
• 5.4 Chemical Waste
• 5.5 Radioactive Waste
• 5.6 E-Waste
• 5.7 Other Waste Types

6 Global Hazardous Waste Circular Economy Market, By Treatment Method

• 6.1 Introduction
• 6.2 Recycling & Material Recovery
• 6.3 Biological Treatment
• 6.4 Incineration with Energy Recovery
• 6.5 Chemical Treatment
• 6.6 Secure Landfilling

7 Global Hazardous Waste Circular Economy Market, By Economy Approach

• 7.1 Introduction
• 7.2 Reduce
• 7.3 Recycle
• 7.4 Reuse
• 7.5 Remanufacturing
• 7.6 Recovery (Energy & Resources)

8 Global Hazardous Waste Circular Economy Market, By Service Provider

• 8.1 Introduction
• 8.2 Waste Collection & Transport
• 8.3 Resource Recovery Companies
• 8.4 Waste Processing & Treatment
• 8.5 Specialized Waste Management Firms

9 Global Hazardous Waste Circular Economy Market, By End User

• 9.1 Introduction
• 9.2 Oil & Gas
• 9.3 Construction & Demolition
• 9.4 Chemicals & Petrochemicals
• 9.5 Mining & Metals
• 9.6 Healthcare & Pharmaceuticals
• 9.7 Electronics & Electricals
• 9.8 Other End Users

10 Global Hazardous Waste Circular Economy Market, By Geography

• 10.1 Introduction
• 10.2 North America
  • 10.2.1 US
  • 10.2.2 Canada
  • 10.2.3 Mexico
• 10.3 Europe
  • 10.3.1 Germany
  • 10.3.2 UK
  • 10.3.3 Italy
  • 10.3.4 France
  • 10.3.5 Spain
  • 10.3.6 Rest of Europe
• 10.4 Asia Pacific
  • 10.4.1 Japan
  • 10.4.2 China
  • 10.4.3 India
  • 10.4.4 Australia
  • 10.4.5 New Zealand
  • 10.4.6 South Korea
  • 10.4.7 Rest of Asia Pacific
• 10.5 South America
  • 10.5.1 Argentina
  • 10.5.2 Brazil
  • 10.5.3 Chile
  • 10.5.4 Rest of South America
• 10.6 Middle East & Africa
  • 10.6.1 Saudi Arabia
  • 10.6.2 UAE
  • 10.6.3 Qatar
  • 10.6.4 South Africa
  • 10.6.5 Rest of Middle East & Africa

11 Key Developments

• 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 11.2 Acquisitions & Mergers
• 11.3 New Product Launch
• 11.4 Expansions
• 11.5 Other Key Strategies

12 Company Profiling

• 12.1 Veolia Environnement SA
• 12.2 Beijing Capital Eco-Environment Protection Group
• 12.3 Waste Management Inc.
• 12.4 Hitachi Zosen Corp.
• 12.5 Clean Harbors Inc.
• 12.6 Daiseki Co. Ltd.
• 12.7 Suez SA
• 12.8 Urbaser S.A.U.
• 12.9 Republic Services Inc.
• 12.10 Remondis SE & Co. KG
• 12.11 Stericycle Inc.
• 12.12 Valicor Environmental Services
• 12.13 Covanta Holding Corp.
• 12.14 GFL Environmental Inc.
• 12.15 Biffa plc