EU legislation drives hazardous waste market

7 April 2006:

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 landfills and changes in the ways that hazardous materials are being treated are also opening up opportunities in these markets. New analysis from global growth consulting company Frost & Sullivan [http://www.frost.com/prod/servlet/frost-home.pag] European Hazardous Waste Management Services Markets, reveals that revenues in this industry totalled US$7.67 billion in 2004 and is estimated to reach US$8.68 billion in 2011.

The adoption of the new European Waste Catalogue (EWC) [http://www.environment-agency.gov.uk/business/444217/444663/landfill/355572/?lang=_e] broadening the term hazardous waste, has led to a rise in hazardous waste volumes while creating mushrooming demand for waste management services. Efforts to comply with the EU's legislation across various Member States will lead to the development of new treatment options or specialist landfills. EU laws that have altered the use of landfills for hazardous materials have had an impact on all aspects of waste management. In addition, waste management services face opportunities due to the demand for integrated waste management strategies.

Despite initiatives towards modernisation, complying with stringent waste management laws has had a detrimental impact on some companies. In addition, multinationals with a track record of successful waste management are threatening the survival of local companies, the research found. Hazardous waste management is increasingly becoming an inter-linked market where customers favour companies that can offer an integrated approach to transport, treatment and disposal.