Establishments primarily engaged in the collection and disposal of refuse by processing or destruction or in the operation of incinerators, waste treatment plants, landfills, or other sites for disposal of such materials. Establishments primarily engaged in collecting and transporting refuse without such disposal are classified in Transportation, Industry 4212.
The refuse systems industry (NAICS 4953) is undergoing significant transformation driven by a combination of regulatory dynamics, technological advancements, and rising environmental awareness among consumers and businesses. A notable trend is the increased emphasis on sustainability and achieving circular economy goals. Companies are investing in waste-to-energy technologies and enhancing recycling processes to reduce landfill dependency. The adoption of smart waste management systems, utilizing IoT and AI, is optimizing route planning, reducing operational costs, and minimizing environmental impacts.
In the near future, we can expect stricter regulatory frameworks pushing for higher recycling rates and more stringent waste disposal practices. Additionally, consumer demand for eco-friendly waste management solutions is likely to propel the development of innovative services and products. The industry is also witnessing a shift towards public-private partnerships, aiming to improve infrastructure and efficiency in waste management operations.
Economic uncertainties and fluctuating commodity prices may pose challenges, but overall, the industry is poised for growth with a focus on technological integration and sustainability. Companies that adapt to these trends and invest in green technologies will likely see a competitive edge and market expansion opportunities.
Acid waste, collection and disposal of
Ashes, collection and disposal of
Dumps, operation of
Garbage: collecting, destroying, and processing
Hazardous waste material disposal sites
Incinerator operation
Landfill, sanitary: operation of
Radioactive waste materials, disposal of
Refuse systems
Rubbish collection and disposal
Sludge disposal sites
Street refuse systems
Waste materials disposal at sea
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.