During the pandemic, the waste management business suffered due to the lockdowns, which resulted in decreased waste products from the industrial sector. But the industry has gained traction with the restoration of production facilities. So, it could be wise to add quality waste management stocks Republic Services, Inc. (RSG) and Clean Harbors, Inc. (CLH) to one’s portfolio now.
Growing industrialization and urbanization and improved waste management awareness have raised the demand for waste management systems. Technical developments in recycling facilities have also contributed to the industry’s growth.
The global market is dominated by construction and demolition waste, accounting for 29.7% of the market share in recent years. Other major waste-producing sources include manufacturing, chemical, mining, oil and gas, agriculture, and nuclear.
The global industrial waste management market is expected to grow…
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