NAICS Code 56221 - Waste Treatment and Disposal

NAICS 56221 - Waste Treatment and Disposal

NAICS 56 - Administrative and Support and Waste Management and Remediation Services
NAICS 11 - Sector 11--Agriculture, Forestry, Fishing and Hunting NAICS 21 - Sector 21--Mining NAICS 22 - Sector 22--Utilities NAICS 23 - Sector 23--Construction NAICS 31 - Sector 31-33--Manufacturing NAICS 42 - Sector 42--Wholesale Trade NAICS 44 - Sector 44-45--Retail Trade NAICS 48 - Sector 48-49--Transportation and Warehousing NAICS 51 - Sector 51--Information NAICS 52 - Sector 52--Finance and Insurance NAICS 53 - Sector 53--Real Estate and Rental and Leasing NAICS 54 - Sector 54--Professional, Scientific, and Technical Services NAICS 55 - Sector 55--Management of Companies and Enterprises NAICS 56 - Sector 56--Administrative and Support and Waste Management and Remediation Services NAICS 61 - Sector 61--Educational Services NAICS 62 - Sector 62--Health Care and Social Assistance NAICS 71 - Sector 71--Arts, Entertainment, and Recreation NAICS 72 - Sector 72--Accommodation and Food Services NAICS 81 - Sector 81--Other Services (except Public Administration) NAICS 92 - Sector 92--Public Administration
- NAICS 562 - Waste Management and Remediation Services
  NAICS 561 - Administrative and Support Services NAICS 562 - Waste Management and Remediation Services
  - NAICS 5622 - Waste Treatment and Disposal
    NAICS 5621 - Waste Collection NAICS 5622 - Waste Treatment and Disposal NAICS 5629 - Remediation and Other Waste Management Services
    - NAICS 56221 - Waste Treatment and Disposal
      NAICS 56221 - Waste Treatment and Disposal

This industry comprises establishments primarily engaged in (1) operating waste treatment or disposal facilities (except sewer systems or sewage treatment facilities) or (2) the combined activity of collecting and/or hauling of waste materials within a local area and operating waste treatment or disposal facilities. Waste combustors or incinerators (including those that may produce byproducts, such as electricity), solid waste landfills, and compost dumps are included in this industry.

Industry trends:

In the Waste Treatment and Disposal industry classified under NAICS 56221, several qualitative trends have emerged. One significant trend is the growing emphasis on sustainability and environmental impact reduction. Companies are increasingly adopting green technologies to minimize their carbon footprint and enhance recycling capabilities. There is also a marked shift towards circular economy practices, where waste products are repurposed into new materials or energy, diminishing overall waste generation.

Another trend is the integration of digital solutions and IoT (Internet of Things) for enhanced waste management. This includes smart sensors for real-time waste monitoring, predictive analytics for optimizing waste collection routes, and blockchain for transparent and efficient waste tracking. These technologies improve operational efficiency and regulatory compliance.

Public and private partnerships are on the rise, driven by the need for substantial infrastructure investment and innovation in waste treatment methods. Governments are implementing stringent regulations, pushing companies to adopt more advanced and cleaner technologies. Additionally, consumer awareness and demand for corporate responsibility in waste management are pushing companies to enhance their sustainability practices.

In the near future, the industry is likely to see further advancements in waste-to-energy technologies and the development of more sophisticated recycling systems. The trajectory suggests increased expenditure on R&D for new treatment methods, while regulatory pressures and public expectations will continue to drive innovation and improvements in the sector.