Waste Recycling Services Market Analysis - Global Industry Size, Share, Trends and Forecast 2022 - 2030

The global waste recycling services market is anticipated to grow at a CAGR of around 5.6% during the forecast period 2020 to 2027 and to reach around US$ 82.5 Bn by 2027.

Report coverage

Market Dynamics

Rapid industrialization in developing countries, increasing solid waste generation from various end use industries, and high government initiatives for proper waste management are major factors expected to drive the growth of global market. In addition, high investment by major players for innovative solution is another factor expected to further support the growth of target market.

• In 2019, Waste Management, Inc a provider of waste management services including collection; transfer, recycling; resource recovery, and disposal services acquired Advanced Disposal Services. The acquisition is expected to generate more than US$100 million in savings and capital expenditures annually for the company. This is expected to help the company to enhance the profit share
• In 2019, SUEZ opened a packaging sorting plant in Germany that focuses in operations include sorting of lightweight packaging, with a capacity of 110,232 tons of waste. This is expected to help the company to enhance the business aspects are increase the profit ratio.
• In 2017, NTPC Limited invited national and international players in order to set up about 100 waste-to-energy pollution free plants across India.
• The government of India allows 100% FDI under the automatic route for urban infrastructure areas including waste management subject. This is expected to attract players across the globe to the country.

Above mentioned are some of the major factors expected to positively impact the growth of the global market.

However, factors such as high cost of equipment and lack of required infrastructure for proper waste segregation are factors expected to hamper the growth of global waste recycling services market. In addition, lack of participation from sources in plastic waste management is another factor expected to challenge the growth of target market.

Rising plastic waste problem in emerging economies, increasing government initiatives and players inclination towards developing countries are factors expected to create new opportunities for players operating in the target market over the forecast period. In addition, increasing partnership and agreements between regional and international players is another factor expected to support the revenue growth of target market.

Waste Recycling Services Market Segment Analysis, 2019

The global waste recycling services market is segmented in to waste type and application. The waste type segment is further bifurcated into compost and food waste, glass and fiberglass, metal scraps, waste paper, and electronic waste. Among application the municipal segment is expected to account for significant revenue share in the global market.

Segment Analysis by Region

The market in North America is expected to account for significant revenue share owing to stringent government regulation related to use of plastic. In addition, presence of large number of players operating in the country along with high investment for innovative solutions is another factor expected to further support the growth of target market.

Asia Pacific is expected to witness faster growth in the near future owing to high generation of solid waste from various end use industries. In addition, favorable business polices by the government and major players inclination towards developing countries are is another factor expected to further support the growth of target market.

Competitive Landscape

The global market is high highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.

The market research study on “Waste Recycling Services Market (Type: Compost and Food Waste, Glass and Fiberglass, Metal Scraps, Waste Paper, and Electronic Waste; Application: Municipal, Industrial, and Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027”, offers a detailed insights on the global waste recycling services market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global waste recycling services market segment by type, application and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global waste recycling services market size and segment markets by type, application and geography along with the information on companies operating in the market. The waste recycling services market analysis is provided for major regional market including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report. The players profiled in the report Eurokey Recycling, Ltd., Xerox Corp., Interface, Inc., Epson America, Inc., Triple M Metal LP, Amdahl International Corporation, Hewlett Packard Enterprise Company, Battery Council International, Northstar Recycling Company, Inc., Zanker Road Resource Management Ltd., and Rubicon Global Holdings LLC.

Market Segmentation

Market By Type

• Compost and Food Waste
• Glass and Fiberglass
• Metal Scraps
• Waste Paper
• Electronic Waste

Market By Application

• Municipal
• Industrial
• Others

Market By Region

North America

• US
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific

Latin America

• Brazil
• Mexico
• Rest if Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Meddle East & Africa