Household and business waste collection is the largest and most reliable source of revenue for the Waste Disposal Services industry. Revenue generated from waste disposal is estimated to be decreasing as a share of waste management revenue, while recycling revenue has been growing. A large contributor to recycling revenue growth has been the high prices received for recyclable commodities over the past few years. For these reasons, industry research firm IBISWorld has updated its report on the Waste Disposal Services industry in Australia.
Melbourne, Australia (PRWEB) - Household and business waste collection is the largest and most reliable source of revenue for the Waste Disposal Services industry. Revenue generated from waste disposal is estimated to be decreasing as a share of waste management revenue, while recycling revenue has been growing. According to IBISWorld industry analyst Alen Allday, “A large contributor to recycling revenue growth has been the high prices received for recyclable commodities over the past few years”. Overall, the industry is estimated to have generated revenue of $11.2 billion in 2011-12, up 5.4% from the previous year. The industry recorded annualised increases of 10.9% over the past five years. Growth is due to pricing levels increasing significantly (particularly for recycling), greater outsourcing levels by local authorities and small volume increases.
Over the next five years, industry revenue is expected to grow. Slower revenue growth compared with previous years is expected to result from the industry maturing, 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”, Allday adds.
The Waste Disposal Services industry has a low market share concentration level in 2011-12. The five largest firms are Transpacific Industries Group, Veolia Environmental Services, Pratt Holdings, SembSITA Australia, and J J Richards & Sons. Industry concentration is increasing through consolidation and with local councils outsourcing waste disposal and recycling services, this trend is expected to continue in future years. Concentration tends to be high in specific markets and regions, particularly in waste disposal services. In the disposal segment, there are usually few disposal facilities within localised areas or municipalities, and it is often uneconomical to dispose of waste at facilities outside the localised area.
For more information, visit IBISWorld’s Waste Disposal Services report in Australia industry page.
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IBISWorld industry Report Key Topics
Operators in this industry collect, dispose and recycle waste. Activities include the management of municipal solid waste, commercial and industrial waste, and construction and demolition waste. The industry excludes the waste management activities of government.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Technology & Systems
Regulation & Policy
About IBISWorld Inc.
Recognised as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every Australian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Melbourne, IBISWorld serves a range of business, professional service and government organisations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.au or call (03) 9655 3886.
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