Global Waste Recycling Services Market

Waste Recycling Services Market Size, Share, Growth Analysis, By Application(Municipal, Agricultural, Construction, Industrial), By Waste type(Metals, Paper and Paperboard, Glass, Bulbs & Batteries), By Region - Industry Forecast 2024-2031

Report ID: SQMIG20L2042 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 69 | Figures: 66

Waste Recycling Services Market News

  • In May 2022, Northstar Recycling Company, LLC acquired Complete Recycling, LLC. The purchase would allow the former to provide increased services to their current customers, while also improving the combined business' potential to serve additional consumers and partners via a more scaled platform
  • In September 2021, Eurokey Recycling invested about £15 million in a supermarket recycling line. This development is intended to retrieve and recycle flexible plastics and films from the supermarket and retail sectors.
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Waste Recycling Services Market size was valued at USD 56.15 billion in 2021 and is poised to grow from USD 59.07 billion in 2022 to USD 88.61 billion by 2030, at a CAGR of 5.20% during the forecast period (2023-2030).

Few businesses in the sector provide services like vendor agnostics, products, and recycling machinery. In order to grow their customer base, these companies work hard to attract new customers. They also offer customized services to keep their existing clientele. Businesses also enter into agreements with the government for public-private partnerships in order to win particular projects. 'Eurokey Recycling, Ltd.', 'Northstar Recycling', 'Triple M Metal LP', 'Amdahl Corp.', 'Interface, Inc.', 'Covanta', 'Epson, Inc.', 'Collins & Aikman', 'Xerox Corp.', 'Fetzer Vineyards', 'Biffa'

Globally, there has been a rapid increase in urbanisation and industrialization, which has led to a high consumption of numerous hazardous chemicals and significant waste production. Additionally, it is anticipated that increased agricultural production and agro-industry waste generation will fuel a need for waste recycling services.

Globally, there has been a rapid increase in demand for electronic devices of all types in both commercial and residential settings. The increased adoption of advanced digital technologies has fueled production and consumption of related devices, resulting in the generation of a large amount of e-waste, which is known to contain hazardous materials such as beryllium, calcium, and lead. As a result, e-waste requires special consideration when it comes to waste disposal and recycling. During the assessment period, the rapidly growing e-waste volume is expected to propel the market for waste recycling services forward.

Rapid industrialization is taking place in the Asia Pacific region as a result of cheap and easy access to production inputs as well as supportive governmental regulations. The market for Asia Pacific trash recycling services has expanded as a result of the enormous growth of numerous industries, including the chemical, electronics, and automotive sectors. Further predicted growth drivers for the market include the soaring public and private investments in the creation of effective waste management systems. Furthermore, it is anticipated that the market for waste recycling services would have considerable growth during the projected period due to the strict government regulations regarding the disposal of industrial wastes.

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Global Waste Recycling Services Market

Report ID: SQMIG20L2042