Australia is one of the highest producers of municipal waste per person in the world.
Melbourne, Australia (PRWEB) September 21, 2014
Increases in household, construction and commercial waste levels are contributing to greater waste treatment volumes. However, government regulations and higher landfill disposal costs are increasingly diverting waste from landfill. According to IBISWorld industry analyst Alen Allday, “over the past decade, governments have implemented strategies aimed at reducing the volume of waste generated, and increasing the amount of waste recycled and recovered.” Still, a large proportion of waste generated by households and businesses continues to be treated and disposed of in landfill by firms in the Waste Treatment and Disposal Services industry in Australia. An important driver of industry growth is the volume of waste generated that requires collection and disposal. Australia is one of the highest producers of municipal waste per person in the world. In 2014-15, the volume of municipal solid waste, commercial and industrial waste, and construction and demolition waste generated nationally is expected to total 61 million tonnes. Of the total, approximately 41.8 million tonnes of waste is treated and disposed of by the industry, with the balance accounted for by waste recycling and remediation companies.
Overall, the industry is expected to generate revenue of $2.7 billion in 2014-15, up 4.9% from the previous year. Revenue will increase by an estimated 7.0% annualised over the five years through 2014-15. Growth is due to significant increases in prices, greater outsourcing levels by local authorities and small volume increases. Industry employment is estimated to total 11,120 in 2014-15 after high growth in the past five years. “Establishment numbers have also increased strongly, particularly the number of small firms,” says Allday. The industry displays a low level of market share concentration. Major players include Veolia Environmental Services (Australia) Pty Ltd, Transpacific Industries Group Ltd and SembSITA Australia Pty Limited.
Over the next five years, slower revenue growth compared with previous years is expected to result from the Waste Treatment and Disposal Services industry starting to mature, fewer outsourcing opportunities for existing firms, volumes increasing at a slower pace and pricing levels stabilising. Recyclable material collection and treatment is expected to continue to increase strongly, which will also contribute to slower revenue growth for the industry.
For more information, visit IBISWorld’s Waste Treatment and Disposal Services industry in Australia report page.
This industry is mainly engaged in the treatment or disposal of solid, liquid and other waste types (including hazardous waste). Also included are businesses mainly engaged in operating landfills, combustors, incinerators, compost dumps and other treatment facilities (except sewage treatment facilities), including waste transfer stations.
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