Waste Recycling Services market is Projected to CAGR of 6.2% - 2030
The global waste recycling services market size is expected to be worth around US$ 90.2 billion by 2030, according to a new report by Vision Research Reports.
The global waste recycling services market size was valued at US$ 56.39 billion in 2020 and is anticipated to grow at a CAGR of 6.2% during forecast period 2021 to 2030.
Report Coverage
| Report Scope | Details |
| Market Size | US$ 90.2 Bn by 2030 |
| Growth Rate | CAGR of 6.2% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Product, application |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Eurokey Recycling, Ltd.; Northstar Recycling; Triple M Metal LP; Amdahl Corporation; Interface, Inc.; Covanta; Epson, Inc.; Collins & Aikman; Xerox Corp.; Fetzer Vineyards; Zanker Road Landfill; Rubicon Global; RU Recycling- und Umweltdienst GmbH; Advanced Disposal Services; Biffa |
Growth Factors
Rising awareness pertaining to effective waste disposal in sustaining human and animal health has resulted in the development of numerous disposal systems and processes, which is expected to complement market growth.
Waste recycling service is an important component of urban infrastructure owing to its ability to protect both the environment and human health, which is a political as well as environmental concern. Waste management is intertwined with a variety of concerns, including urban lifestyles, resource consumption patterns, and other socioeconomic and cultural aspects.
By Product Analysis
The paper &paperboard segment led the market and accounted for more than 42% of the global revenue share in 2020, owing to the increased generation of paper waste through packaging, newspapers, and containers.
Changing consumer trends and demographic growth have boosted the growth of the e-commerce sectors, thereby augmenting the packaging demand.
Growing awareness pertaining to plastic pollution and sustainable waste management through various campaigns and programs is expected to drive the overall plastic recycling market.
The bulbs, batteries &electronics segment is likely to register a CAGR of 7.7% over the forecast period. The demand for electronics, such as screens, mobiles, telecommunication devices, laptops, and refrigerators,
Electronic waste is another category of waste that is expected to grow at a faster rate. E-waste is different from municipal or industrial waste and consists of all types of electronic equipment and devices.
By Application Analysis
The municipal segment led the market and accounted for 54.4% of the global revenue share in 2020. Municipalities are undertaking favorable policy decision for waste management that provides an opportunity not only to avoid the negative effects of waste,
Each country’s municipalities treat domestic trash extensively. The trash disposal/recycling networks of municipalities pose a significant obstacle for private enterprises seeking to enter the residential and commercial sectors.
The demand for waste recycling in industrial applications is likely to grow at the fastest CAGR of 5.9% over the forecast period. Increased investments in various industries, as well as stringent rules governing discharges from these businesses, are expected to drive the demand for waste recycling services in industrial applications. Waste reduction, reuse, recovery, and recycling are effective and high-impact methods of lowering Greenhouse Gas (GHG) emissions.
By Regional Analysis
The market in developing regions is estimated to grow owing to the increasing awareness, coupled with efforts undertaken by government authorities for efficient waste recycling. Asia Pacific led the market and accounted for 40.9% of the global revenue share in 2020.
All these factors are likelyto boost the demand for waste recycling services in the region over the forecast period. The demand for such services in India is expected to grow at a considerable CAGR over the forecast period.
Europe and North America are expected to account for a significant share in the overall waste recycling services market on account of developed infrastructure and stringent regulations mandating waste management across various industries.
Key Players
Eurokey Recycling, Ltd.
Northstar Recycling
Triple M Metal LP
Amdahl Corp.
Interface, Inc.
Covanta
Epson, Inc.
Collins & Aikman
Xerox Corp.
Fetzer Vineyards
Biffa
Market Segmentation
By Product
Paper & Paperboard
Metals
Plastics
Glass
Food
Bulbs, Batteries & Electronics
Yard Trimmings
Others
By Application
Municipal
Industrial
Others
By Regional
North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
U.K.
The Netherlands
Asia Pacific
China
India
Japan
Australia
Central & South America
Brazil
Argentina
Middle East & Africa
South Africa
Saudi Arabia
The Waste Recycling Services market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Waste Recycling Services market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Waste Recycling Services market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Waste Recycling Services market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Waste Recycling Services market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Waste Recycling Services capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Waste Recycling Services by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Waste Recycling Services market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Waste Recycling Services market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Waste Recycling Services market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Waste Recycling Services industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Waste Recycling Services market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Waste Recycling Services market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Waste Recycling Services market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Waste Recycling Services market. These factors have benefited the growth of the global market for Waste Recycling Services. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Waste Recycling Services. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Waste Recycling Services are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers