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 | Waste Recycling Services Market |
Analysis Period | 2016 - 2026 |
Base Year | 2017 |
Forecast Data | 2019 - 2026 |
Segments Covered | By Type, By Application and By Geography |
Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Key Companies Profiled | 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. |
Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Customization Scope |
10 hrs of free customization and expert consultation |
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.
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
Market By Application
Market By Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
The global waste recycling services market in 2027 is expected to be above US$ 82.5 Bn.
The CAGR of the global waste recycling services market from 2020-2027 is above 5.6%.
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.
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., Rubicon Global Holdings LLC., and others are the prominent players in the market.
In application segment the municipal segment is growing at faster pace.
In the global market the Asia Pacific region is expected to grow faster.
The report provides insights on global waste recycling services market segment by type, application, and major geographic regions.