The Business Research Company’s report on the Waste Recycling Services Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the waste recycling services industry?
The growing awareness about plastic pollution is driving the growth of the waste recycling services market. Plastic pollution is the buildup of synthetic plastic items in the environment to the point that they pose a threat to animals and their habitats, as well as human populations. This pollution causes the planet to degrade posing many problems such as global warming and other climatic changes. Governments of various countries are launching new schemes and policies to reduce the use of plastic and create awareness of plastic pollution. For instance, in March 2022, the Union environment ministry of India proposed to ban the manufacturing, use, sale, import, and handling of particular single-use plastic goods across the country from 2022.Such policies are creating awareness of pollution thereby driving the growth of the market.
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What is the estimated market size of the waste recycling services sector by 2029, based on current forecasts?
The waste recycling services market size has grown strongly in recent years. It will grow from $61.64 billion in 2024 to $65.3 billion in 2025 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to increased awareness of environmental sustainability, stringent waste disposal regulations, rising volumes of generated waste, growing emphasis on resource conservation, regulatory pressures to limitThe use of landfills.
The waste recycling services market size is expected to see strong growth in the next few years. It will grow to $83.18 billion in 2029 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to adoption of circular economy practices, government initiatives for waste reduction and recycling, increasing demand for recycled materials, expansion of e-waste recycling services, increasing urbanization. Major trends in the forecast period include development of recycling technologies, integration of robotics and automation in recycling facilities, innovation in the recycling of construction and demolition waste, implementation of smart waste management systems.
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#Who are the top players in the waste recycling services market?
Major companies operating in the waste recycling services market include Advanced Disposal Services Inc., Casella Waste Systems Inc., China Recycling Development Co. Ltd., Clean Harbors Inc., Covanta Holding Corp., Eurokey Recycling Ltd., Interface Inc., Kayama Corp., Northstar Recycling Company, Xerox Corporation, Remondis SE & Co. KG., Republic Services Inc., Rubicon Global, Dowa Eco-System Co. Ltd., Fetzer Vineyards, Kcarp Ltd., Tsuneishi Kamtecs Corp., Waste Management Inc., Veolia Environnement S. A., Suez Environnement S. A., Stericycle Inc., Waste Connections Inc., GFL Environmental Inc., US Ecology Inc., Heritage-Crystal Clean Inc., BioHiTech Global Inc., Renewi plc, Biffa plc, FCC Environment UK Limited, ECO Green Equipment
#What are the major trends in the waste recycling services market?
Technological developments in waste recycling are shaping the waste recycling services market. Recent technological advancements help turn waste into power, industries make use of their waste and with biogas convert it into usable energy. Plasma arc recycling helps recover a vast majority of the metal found in vehicles or other objects with the help of a super-hot plasma torch. For instance, in November 2022, Colas Group, a France-based civil engineering company, launched a construction waste recycling network with the aim of boosting production of recycled materials. Colas has established 160 construction waste recycling facilities in France, introducing services such as Valormat and Ecotri that emphasize stringent quality control and traceability for processed materials. These facilities allow construction companies to acquire natural or recycled materials, including innovative offerings like “VALOR BLOC” concrete blocks made from recycled concrete, and provide a two-way freight option for easy disposal and collection of recycled products.
Which geography holds the highest waste recycling services market share?
North America was the largest region in the waste recycling services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the waste recycling services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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How do different segments contribute to the overall expansion of the waste recycling services market?
The waste recycling services market covered in this report is segmented –
1) By Waste Type: Compost And Food Waste, Glass And Fiberglass, Metal Scraps, Waste Paper, Other Types
2) By Service: Collection Service, Disposable Service
3) By Application: Municipal, Agricultural, Construction, Industrial, Other Applications
Subsegments:
1) By Compost And Food Waste: Organic Waste Composting, Anaerobic Digestion
2) By Glass And Fiberglass: Container Glass Recycling, Fiberglass Recycling
3) By Metal Scraps: Ferrous Metal Recycling, Non-Ferrous Metal Recycling
4) By Waste Paper: Cardboard Recycling, Mixed Paper Recycling
5) By Other Types: Electronic Waste, Plastics Recycling
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How is the waste recycling services market defined?
Waste recycling services refers to any recovery operation by which waste materials are reprocessed into products, materials or substances whether for the original or other purposes. Waste recycling involves the process of collecting and reprocessing waste materials through various technologies to clean and turn them into new reusable products. Recycling waste provides several advantages, including reducing waste transported to landfills and incinerators, preventing pollution, conserving natural resources, conserving energy, creating jobs, and generating economic benefits.
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