News

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.

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According to Report, the Waste Recycling Services market is expected to grow at a CAGR of 6.2% during forecast period 2021 to 2030 and is projected to reach around US$ 90.2 billion by 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 study objectives of this report are:

• To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
• Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
• To strategically profile the key players and comprehensively analyze their growth strategies.

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