Global Environment Health And Safety Market Size Forecast 2024 - 2033
23 Dec, 2024
What Is The Scope Of The Global Environment Health And Safety Market?
Environment health and safety (EHS) is a multidisciplinary field that focuses on safeguarding human health, promoting workplace safety, and ensuring environmental protection within various settings, including workplaces, communities, and natural habitats. It involves assessing, managing, and mitigating risks associated with environmental hazards, occupational health hazards, and safety hazards to prevent accidents, injuries, illnesses, and environmental degradation.
Environment Health And Safety Global Market Report 2024 provides data on the global environment health and safety market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The environment health and safety market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
How Is The Global Environment Health And SafetyMarket Expected To Grow In Size And Annual Rates?
The environment, health, and safety market has grown rapidly, rising from $7.74 billion in 2023 to $8.55 billion in 2024, with a CAGR of 10.5%. Recent growth has been attributed to the proliferation of mobile applications, stricter regulations, greater environmental and safety awareness, efforts to reduce waste, and increased employee safety regulations. By 2028, the market is projected to grow to $12.95 billion at a CAGR of 10.9%. Factors driving this growth include rising regulatory demands, increased industry investment in IT solutions, waste reduction targets, and government policies promoting environmental protection. Major trends include advancements in research and technology, innovations supporting low carbon emissions, and stricter compliance measures.
What Main Forces Are Fueling Expansion In The Environment Health And Safety Market?
The increasing focus on waste reduction targets is expected to boost the environmental health and safety market. Waste reduction targets are specific goals set to minimize the volume of waste generated or disposed of within a designated timeframe. The urgency for waste reduction targets stems from global awareness of the need to address environmental degradation and transition to a more sustainable, circular economy. These targets aim to reduce pollution, minimize hazardous waste, and protect ecosystems and human health, supporting sustainable waste management practices. For instance, the U.S. Environmental Protection Agency set a goal to reduce food loss and waste by 50% by 2030. Therefore, increased waste reduction initiatives are driving the growth of the environmental health and safety market.
Get Your Free Sample of the Global Environment Health And Safety Market ReportWhat Are The Primary Segments In The Global Environment Health And Safety Market?
The environment health and safety market covered in this report is segmented –
1) By Component: Software, Services
2) By Deployment Mode: Cloud, On-Premise
3) By Application: Medical And Pharmaceutical Waste Management, Industrial Waste Management, Wastewater Management, Other Applications
4) By Vertical: Energy And Utilities, Chemicals And Materials, Healthcare, Construction And Engineering, Food And Beverage, Government And Defense, Manufacturing, Other Verticals
Which Key Trends Are Driving Changes In The Environment Health And Safety Market?
In the environmental health and safety (EHS) market, companies are focusing on advanced cloud solutions, such as SAP S/4HANA Cloud private editions, to help organizations transform their EHS processes and support sustainable growth. For example, in 2023, SAP SE launched SAP S/4HANA Cloud private edition, which simplifies EHS processes by enabling organizations to identify risks, assess hazards, implement preventive measures, and monitor risk controls. The solution offers automation, system integration, and transparency, helping businesses achieve sustainable growth while managing EHS processes more effectively.
What Is The Leading Region In The Environment Health And Safety Market?
North America was the largest region in the environment health and safety market in 2023. Europe is expected to be the fastest growing region in the market. The regions covered in the environment health and safety market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.