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2024 U.S. Industry Statistics & Market Forecast - Hazardous Waste Collection
Market Size & Industry Statistics
The total U.S. industry market size for Hazardous Waste Collection:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|
| Market Forecast ($ millions) | ||||||
| Projected Industry Growth Rate (%) | ||||||
Industry Insights
The hazardous waste collection industry is constantly evolving, with new regulations, technologies, and practices shaping the way waste is collected, managed, and disposed of. One trend affecting the industry is the growing focus on sustainability. Many companies are realizing the financial and environmental benefits of reducing their hazardous waste footprint, leading to the development of new waste reduction strategies and measures.Another key trend is the use of technology to improve waste management and tracking. From GPS tracking systems to digital waste manifests, technology is making it easier to monitor waste from collection through disposal. Additionally, data analytics software is becoming increasingly important in identifying areas for waste reduction and improving operational efficiency.
The hazardous waste collection industry is also impacted by changing regulations. The Environmental Protection Agency (EPA) has proposed a new rule that would tighten restrictions on hazardous waste generators and prohibit certain forms of disposal. As regulations change, companies must stay up-to-date on compliance requirements to avoid penalties and maintain their social responsibility.
Finally, innovation in hazardous waste disposal methods has expanded beyond traditional incineration and landfilling to include more sustainable solutions such as pyrolysis, chemical recycling, and plasma arc gasification. As these technologies become more accessible, they are likely to transform the hazardous waste collection industry by offering safer and more efficient methods for managing and disposing of hazardous materials.
Product & Services Breakdown
Research products and services in the Hazardous Waste Collection industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Non-Hazardous Waste And Recyclable Material Collection Services, Non-Residential |
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Non-Hazardous Waste Collection Services, Non-Residential, Industrial |
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Hazardous Waste Collection Services |
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Hazardous Waste Collection Services, Non-Residential |
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Hazardous Waste Holding Facilities Cleaning And Removal Services |
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Hazardous Waste And Recyclable Material Consolidation, Storage, And Preparation Services |
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Hazardous Waste Transportation Services |
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Resale Of Merchandise |
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All Other Receipts |
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All Other Operating Receipts |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) | |
|---|---|---|
| Total Revenue | Order at top of page |
|
| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Hazardous Waste Collection company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Hazardous Waste Collection industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
|
| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
|
| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Hazardous Waste Collection measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
|
| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 5% | Order at top of page |
||
| Chief Executives | 0% | |||
| General and Operations Managers | 4% | |||
| Office and Administrative Support Occupations | 12% | |||
| Installation, Maintenance, and Repair Occupations | 7% | |||
| Vehicle and Mobile Equipment Mechanics, Installers, and Repairers | 5% | |||
| Transportation and Material Moving Occupations | 67% | |||
| Motor Vehicle Operators | 23% | |||
| Driver/Sales Workers and Truck Drivers | 23% | |||
| Heavy and Tractor-Trailer Truck Drivers | 22% | |||
| Material Moving Workers | 40% | |||
| Laborers and Material Movers | 6% | |||
| Laborers and Freight, Stock, and Material Movers, Hand | 6% | |||
| Refuse and Recyclable Material Collectors | 33% | |||
| Refuse and Recyclable Material Collectors | 33% | |||
Hazardous Waste Collection Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Hazardous Waste Collection industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Hazardous Waste Collection industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Hazardous Waste Collection industry. |
Source:
Innovation News
- Jan 11, 2024: Bioserv trademarks "BIOSERV" - Training in the field of blood borne and hazardous medical waste compliance
- May 02, 2023: Care Environmental trademarks "CCE" - Waste management
- Jul 12, 2022: Pegex trademarks "PEGEX" - Providing an online exchange auction for users to sell environmental and industrial service opportunities to qualified vendors and partners
Recent Federal Contracts for Hazardous Waste Collection- Apr 02, 2024: TERRABELLA ENVIRONMENTAL SERVICES INC (Pleasanton, TX) awarded $130,079
- Apr 02, 2024: SOURCE ENVIRONMENTAL, INC. (Denver, CO) awarded $290,400
- Apr 01, 2024: CLEAN HARBORS ENVIRONMENTAL SERVICES, INC. (Norwell, MA) awarded $3,568
- Apr 01, 2024: CURTIS BAY ENERGY, INC. (Baltimore, MD) awarded $4,211
- Apr 01, 2024: ADVANT-EDGE SOLUTIONS OF MIDDLE ATLANTIC, INC. (Newark, DE) awarded $186,360
- Apr 01, 2024: HAMILTON ALLIANCE, INC. (West Palm Beach, FL) awarded $238,200
- Apr 02, 2024: TERRABELLA ENVIRONMENTAL SERVICES INC (Pleasanton, TX) awarded $130,079
- Apr 02, 2024: SOURCE ENVIRONMENTAL, INC. (Denver, CO) awarded $290,400
- Apr 01, 2024: CLEAN HARBORS ENVIRONMENTAL SERVICES, INC. (Norwell, MA) awarded $3,568
- Apr 01, 2024: CURTIS BAY ENERGY, INC. (Baltimore, MD) awarded $4,211
- Apr 01, 2024: ADVANT-EDGE SOLUTIONS OF MIDDLE ATLANTIC, INC. (Newark, DE) awarded $186,360
- Apr 01, 2024: HAMILTON ALLIANCE, INC. (West Palm Beach, FL) awarded $238,200
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