Market Size –
The waste recycling services market size has grown strongly in recent years. It will grow from $58.53 billion in 2023 to $62.22 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. 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 limit the use of landfills.
The waste recycling services market size is expected to see strong growth in the next few years. It will grow to $78.43 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. 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 urbanisation. 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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Scope Of Waste Recycling Services Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
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 2021, 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.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
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
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Regional Insights –
North America was the largest region in the waste recycling services market in 2023. 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
Key Companies –
Major companies operating in the waste recycling services market report are 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
Table of Contents
1. Executive Summary
2. Waste Recycling Services Market Report Structure
3. Waste Recycling Services Market Trends And Strategies
4. Waste Recycling Services Market – Macro Economic Scenario
5. Waste Recycling Services Market Size And Growth
…..
27. Waste Recycling Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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