Global Waste Recycling Services Market Growth (Status and Outlook) 2024-2030
The Waste Recycling Services market was valued at USD 395.55 Billion in 2023, with a growing trend due to the increasing demand for sustainable and eco-friendly waste management so
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Introduction
Recycling is the process of converting waste materials into new materials and objects. It is an alternative to "conventional" waste disposal that can save material and help lower greenhouse gas emissions (compared to plastic production, for example). Recycling can prevent the waste of potentially useful materials and reduce the consumption of fresh raw materials, thereby reducing energy usage, air pollution (from incineration), and water pollution (from landfilling). Recycling is a key component of modern waste reduction and is the third component of the "Reduce, Reuse, and Recycle" waste hierarchy. Thus, recycling aims at environmental sustainability by substituting raw material inputs into and redirecting waste outputs out of the economic system.
Recyclable materials include many kinds of glass, paper, and cardboard, metal, plastic, tires, textiles, and electronics. The composting or other reuse of biodegradable waste—such as food or garden waste—is also considered recycling. Materials to be recycled are either brought to a collection center or picked up from the curbside, then sorted, cleaned, and reprocessed into new materials destined for manufacturing.
Market Insights
According to the Publishers’ latest study, the global Waste Recycling Services market size was valued at US$ 395550 million in 2023. With growing demand in downstream market, the Waste Recycling Services is forecast to a readjusted size of US$ 500640 million by 2030 with a CAGR of 3.4% during review period.
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Global Waste Recycling Services key players include Veolia Environnement, Suez Environnement, Waste Management, Republic Services, etc. Global top four manufacturers hold a share about 5%.
USA is the largest market, with a share over 30%, followed by Europe and China, both have a share about 40 percent.
In terms of application, the largest application is Municipal, followed by Agricultural, Construction, Industrial, etc.
Key Features:
The report on Waste Recycling Services market reflects various aspects and provide valuable insights into the industry.
Trends:
Increasing Environmental Awareness: There is a growing global awareness and concern about the environmental impact of waste, leading to a greater emphasis on sustainable waste management and recycling.
Shift Towards a Circular Economy: The transition towards a circular economy, where waste is minimized, and resources are reused and recycled, is a significant trend shaping the waste recycling services market.
Diversification of Recycled Materials: The range of materials being recycled is expanding beyond traditional items like paper, plastic, and metal, to include e-waste, construction and demolition waste, and organic waste.
Increased Private Sector Involvement: The waste recycling services market is witnessing an increased involvement of private sector players, bringing in new business models, investments, and expertise.
Drivers:
Stringent Environmental Regulations: Governments around the world are implementing stricter regulations and policies to promote sustainable waste management and increase recycling rates, driving the demand for professional waste recycling services.
Rising Environmental Concerns and Sustainability Initiatives: Increasing public awareness and concern about the environmental impact of waste, coupled with the growing emphasis on sustainability, are driving the demand for effective waste recycling solutions.
Scarcity of Natural Resources: The growing scarcity of natural resources, such as raw materials, is incentivizing the recycling and reuse of materials, creating opportunities for waste recycling service providers.
Cost-Effective Waste Management: Recycling and recovering valuable materials from waste can be more cost-effective than traditional waste disposal methods, making it an attractive option for businesses and municipalities.
Opportunities:
Expansion into Emerging Markets: Developing economies with growing populations and rapid urbanization present significant opportunities for waste recycling service providers to establish operations and capitalize on the increasing demand for sustainable waste management solutions.
Diversification of Recycled Materials: The growing emphasis on recycling a wider range of materials, such as e-waste, construction and demolition waste, and organic waste, creates opportunities for service providers to expand their offerings and capture a larger share of the market.
Collaboration with Municipalities and Businesses: Forming strategic partnerships with local governments, businesses, and industries to provide comprehensive waste management and recycling services can enhance service offerings and increase market penetration.
Threats:
Fluctuating Commodity Prices: The volatility in the prices of recovered materials, such as metals, plastics, and paper, can impact the profitability and economic viability of waste recycling services.
Stiff Competition: The market is highly competitive, with the presence of multinational waste management companies, regional players, and emerging startups, making it challenging for service providers to differentiate themselves and maintain market share.
Lack of Standardization and Harmonization: The absence of a globally harmonized regulatory framework and standards for waste recycling can create operational and logistical challenges for service providers, particularly those operating across multiple regions.
Contamination and Quality Issues: Contamination of recyclable materials and inconsistencies in the quality of recovered materials can compromise the value and marketability of recycled products, posing a threat to the overall sustainability of the waste recycling industry.
Technological Obsolescence: The rapid pace of technological change in the waste recycling industry can lead to the obsolescence of equipment and processes, requiring continuous investments in R&D and infrastructure upgrades.
Public Perception and Acceptance Challenges: Overcoming negative public perceptions about waste recycling, such as concerns about environmental and health impacts, can be a significant challenge for service providers in some regions.
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Manmayi Raval
Research Consultant
Market Size and Growth: The research report provides an overview of the current size and growth of the Waste Recycling Services market. It may include historical data, market segmentation by Type (e.g., Compost & Food Waste, Glass & Fiberglass), and regional breakdowns.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Waste Recycling Services market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Waste Recycling Services market. It includes factors influencing customer ' purchasing decisions, preferences for Waste Recycling Services product.
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Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Waste Recycling Services market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Waste Recycling Services market. The report also evaluates the effectiveness of these policies in driving market growth.
Market Segmentation:
Waste Recycling Services market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Segmentation by type
Compost & Food Waste
Glass & Fiberglass
Waste Paper
Waste Disposal & Collection
Used Commercial Goods
Iron and Steel
Battery Recyling
Liquids Oils & Chemicals
Multi-Material Collection
Others
Segmentation by application
Municipal
Agricultural
Construction
Industrial
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Veolia Environment
Suez Environment
Waste Management
Republic Services
Stericycle
Clean Harbors
Waste Connections
ADS Waste Holdings
Casella Waste Systems
Covanta Holding
Remondis
Parc
Kayama
Shirai
China Recyling Development
New COOP Tianbao etc
Tsuneishi Kamtecs
KUMASEI
DOWA ECO-SYSTEM
Table of Contents
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Waste Recycling Services Market Size 2019-2030
2.1.2 Waste Recycling Services Market Size CAGR by Region 2019 VS 2023 VS 2030
2.2 Waste Recycling Services Segment by Type
2.2.1 Compost & Food Waste
2.2.2 Glass & Fiberglass
2.2.3 Waste Paper
2.2.4 Waste Disposal & Collection
2.2.5 Used Commercial Goods
2.2.6 Iron and Steel
2.2.7 Battery Recyling
2.2.8 Liquids Oils & Chemicals
2.2.9 Multi-Material Collection
2.2.10 Others
2.3 Waste Recycling Services Market Size by Type
2.3.1 Waste Recycling Services Market Size CAGR by Type (2019 VS 2023 VS 2030)
2.3.2 Global Waste Recycling Services Market Size Market Share by Type (2019-2024)
2.4 Waste Recycling Services Segment by Application
2.4.1 Municipal
2.4.2 Agricultural
2.4.3 Construction
2.4.4 Industrial
2.4.5 Others
2.5 Waste Recycling Services Market Size by Application
2.5.1 Waste Recycling Services Market Size CAGR by Application (2019 VS 2023 VS 2030)
2.5.2 Global Waste Recycling Services Market Size Market Share by Application (2019-2024)
3 Waste Recycling Services Market Size by Player
3.1 Waste Recycling Services Market Size Market Share by Players
3.1.1 Global Waste Recycling Services Revenue by Players (2019-2024)
3.1.2 Global Waste Recycling Services Revenue Market Share by Players (2019-2024)
3.2 Global Waste Recycling Services Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Waste Recycling Services by Regions
4.1 Waste Recycling Services Market Size by Regions (2019-2024)
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