Hazardous Waste Disposal Services Procurement Category Market Research Report Now Available from IBISWorld

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Buyers of hazardous waste disposal services benefit from low levels of product specialization, but high market share concentration and a low availability of substitutes hampers buyer power. For these reasons and to help procurement professionals make better buying decisions faster, business intelligence firm IBISWorld has added a report on the procurement of Hazardous Waste Disposal Services to its growing collection of procurement category market research reports.

IBISWorld procurement market research
Demand for hazardous waste disposal services has increased during the past three years due to a rebounding industrial and manufacturing sector

Hazardous waste disposal services have a buyer power score of 3.4 out of 5.0. The higher the score, the more leverage a buyer has during the negotiation process. Therefore, according to IBISWorld procurement analyst Deonta Smith, “This score signifies that buyers in the hazardous waste disposal market have a medium level of power.” Buyer power is positively influenced by low levels of product specialization and negatively affected by high market share concentration and the low availability of substitutes.

Because few service providers operate on a regional level, buyers have a limited selection of service providers that best suit their needs. “While small-scale haulers compose the majority of service providers, large-scale firms own most of the market share, which further limits a buyer’s options,” says Smith. Additionally, because buyers enter into contractual agreements with only one hazardous waste disposal service provider, it is difficult for buyers to switch between firms without incurring a loss. Any buyer that is planning on procuring hazardous waste disposal services in a certain market will be limited by the service provider which operates that market, which reduces buyer power.

Moreover, the lack of substitutes for related services further narrows the buyer’s scope of possibilities. If a buyer is not satisfied with the large-scale service provider which services their geographic location, a small-scale service provider may be available as an alternative. Leaning towards a small-scale service provider can help buyers obtain leverage by creating competition during the negotiation process. A further impetus for buyer power is the low level specialization of these services. Buyers’ can purchase hazardous waste disposal services from service providers located within their operating region and obtain transportation discounts. However, seeking out a large-scale service provider to satisfy their needs would spur competition among competing haulers. This expands the range of haulers from which a buyer can choose, thus improving buyer power. Major vendors include Stericycle, Clean Harbors Inc., Veolia Environnement SA and US Ecology Inc.

For more information, visit IBISWorld’s Hazardous Waste Disposal Services procurement category market research report page.

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IBISWorld Procurement Report Key Topics

This report is intended to assist buyers of hazardous waste disposal services. Provided services include the disposal of medical, acid, hazardous and inorganic waste as well as chemical detoxification. This report excludes waste treatment services.

Executive Summary
Pricing Environment
Price Fundamentals
Benchmark Price
Pricing Model
Price Drivers
Recent Price Trend
Price Forecast
Product Characteristics
Product Life Cycle
Total Cost of Ownership
Product Specialization
Substitute Goods
Quality Control
Supply Chain & Vendors
Supply Chain Dynamics
Supply Chain Risk
Competitive Environment
Market Share Concentration
Market Profitability
Switching Costs
Purchasing Process
Buying Basics
Buying Lead Time
Selection Process
Key RFP Elements
Negotiation Questions
Buyer Power Factors
Key Statistics

About IBISWorld Inc.
IBISWorld is one of the world's leading publishers of business intelligence, specializing in Industry research and Procurement research. Since 1971, IBISWorld has provided thoroughly researched, accurate and current business information. With an extensive online portfolio, valued for its depth and scope, IBISWorld’s procurement research reports equip clients with the insight necessary to make better purchasing decisions, faster. Headquartered in Los Angeles, IBISWorld Procurement serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

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Gavin Smith
IBISWorld Inc.
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