Market Size of Europe Hazardous Waste Handling Automation Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Europe Hazardous Waste Handling Automation Market Analysis
The European hazardous waste handling automation market is expected to register a CAGR of 7.5% during the forecast period. With the outbreak of COVID-19, companies are offering innovative solutions to foster automation solutions in the waste management industry. The control of the COVID-19 pandemic and restrictions on business operations, travel, and the manufacturing sector had a considerable impact on waste management. Especially during the COVID-19 pandemic, waste management is crucial for health outcomes, thus, driving more demand for waste handling equipment.
- The hazardous waste handling automation market is expected to grow significantly over the forecast period due to the stringent governmental and industrial regulations to maintain people's safety from hazardous waste.
- Furthermore, several non-government organizations (NGOs) and community-based organizations (CBOs) are stepping in to help hospitals and other healthcare facilities collect, recycle, and dispose of medical waste. Such initiatives are expected to boost further the adoption of automation solutions for waste management.
- Hazardous waste consists of the materials generated daily by people, power plants, and manufacturing companies. The use of such automation solutions for handling waste improves the process efficiency and reduces manual intervention reliability, as it can be dangerous to the human body. Hence, the concerns about the proper handling of these harmful substances can be eliminated. Such increasing safety concerns are expected to boost the demand for automation solutions in waste management in the region.
- Also, hazardous waste poses an enormous threat to public health. It has to be treated, recycled, and disposed of effectively to prevent environmental pollution. The growing awareness has brought the government's attention toward setting up rules that can help effectively tackle these wastes.
