Waste Recycling Services Market (By Product: Metals, Paper and Paperboard, Metals, Glass, Bulbs & Batteries, Electronics, Yard Trimmings, Food, Others; By Application: Industrial, Municipal, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023 – 2032
The global waste recycling services market size was estimated at USD 58 billion in 2022 and is expected to hit over USD 91.37 billion by 2032, poised to grow at a CAGR of 4.70% during the forecast period 2023 to 2032.
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The Asia Pacific waste recycling services market size was valued at USD 22.62 billion in 2022 and is predicted to grow around USD 35.63 billion by 2032, at a CAGR of 4.70% between 2023 to 2032.
Asia Pacific dominated the global waste recycling services market, garnering a market share of around 40% in 2020. This is attributed to the increased industrialization in the region owing to the government policies that attracts FDIs. The Asia Pacific region has become the manufacturing hub of the globe owing to the cheap availability of the factors of production in the region. Countries like China and India are known for manufacturing goods at low cost. This results in the generation of huge wastes. Moreover, the generation of huge e-wastes owing to the huge adoption of the consumer electronics and various other electronic devices across different industries is expected to drive the growth of the waste recycling services market in Asia Pacific. These factors are presenting huge growth opportunities in this region and hence Asia Pacific is also estimated to be the most opportunistic segment during the forecast period.
North America and Europe held a significant market share in 2022. The increased awareness regarding the waste management systems and increased government initiatives to promote sustainability are the major factors that have driven the growth of the waste recycling services market. Germany, Austria, and Wales are among the top countries which recycles maximum wastes. The recycling rate of these countries is over 52% and the recycling rate of US is around 35%. The stringent government regulations pertaining to the industrial wastes are expected to further drive the growth of the waste recycling services market in the forthcoming years.
The growing burden of various waste materials owing to the high volume of economic activities across the globe have resulted in huge demand for the waste recycling services. The waste recycling services have become an important part of the urban infrastructure that helps to protect both the human health and environment. The accumulation of plastic wastes is a major issue that results in the marine pollution. The rapid urbanization and rapid industrialization across the globe has resulted in the high consumption of various hazardous chemicals that generates huge amount of wastes. Moreover, the rising agricultural production and rising amount of wastages from the agro-industries is expected to drive the demand for the waste recycling services across the globe. The growing government initiatives to reduce the wastages and increasing emphasis on the recycling of waste materials is fueling the growth of the global waste recycling services. Moreover, the rising awareness regarding the sustainability and environment protection is encouraging the adoption of waste recycling services. The research and development on the development of innovative technologies that can efficiently serve the waste recycling initiatives is further fueling the growth of the waste recycling services market.
The growing concerns related to waste management and challenges pertaining to the disposal of wastes are expected to spur the market growth. The increased adoption of disposable packaging materials and various disposals and consumables across various industry verticals such as food and beverages, healthcare, personal care, and consumer goods is resulting in the burgeoning demand for the waste recycling services. The tremendous expansion of the recycling industry and the surging awareness regarding the waste recycling systems is expected to have a significant impact on the market growth. The growing adoption of the various electronic devices across the globe has resulted in the generation of huge electronic wastes. Moreover, the recycled trash has been set up in many countries that promote the growth of the recycling management. Furthermore, the growing government investments in setting up recycling plants in various locations are driving the growth of the waste recycling services market. The growing investments by government and corporate sector to promote sustainability are fueling the demand for the waste recycling services. The outbreak of the COVID-19 pandemic negatively affected the global waste recycling market in 2020. A decline was observed in the industrial sector owing to the lockdown restrictions and the closure of all the manufacturing plants and facilities across the globe.
| Report Coverage | Details |
| Market Size | US$ 91.37 Billion by 2032 |
| Growth Rate | CAGR of 4.70% from 2023 to 2032 |
| Largest Market | Asia Pacific |
| Fastest Growing Market | North America |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | Product, Application, Region |
| 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 |
Based on the product, the paper and paperboard segment dominated the global waste recycling services market in 2022. The paper and paperboard segment accounted for a market share of around 42% in 2022. The high generation of the paper wastes through newspapers, paper packaging, and containers. Furthermore, the surging penetration of the e-commerce across the globe is generating huge volume of paper and paperboard packages. Moreover, the surging adoption of paper based packaging to reduce the single-sue plastic wastes is driving the growth in the volume of paper wastes. These factors have boosted the growth of the paper and paperboard segment in the past few years.
The electronic wastes segment is estimated to be the most opportunistic segment during the forecast period. This is attributed to the surging adoption of various consumer electronics such as smartphones, watches, televisions, laptops, desktops, and so on. E-wastes needs special attention as it is different from industrial or municipal wastes. The e-wastes contain several harmful materials such as calcium, beryllium, and lead. The surging demand for the various electronic gadgets across the globe is expected to drive the growth of this segment in the forthcoming years.
The municipal segment accounted for a market share of around 53% and dominated the global wastes recycling services market in 2022. The increased investment by the government and the favorable policies by the municipalities pertaining to the waste management have significantly fostered the growth of this segment. The surging number of waste management activities by the municipalities to shift towards a sustainable future is fueling the market growth.
The industrial is expected to be the fastest-growing segment during the forecast period. The rapid industrialization across the globe and growing investments in the industrial development are the major factors that drive the growth of the industrial segment in the waste recycling services market. The stringent government regulations pertaining to the wastes from the industries have driven the demand for the waste recycling services.
Key Market Developments
The waste recycling services market is moderately fragmented with the presence of several local companies. These market players are striving to gain higher market share by adopting strategies, such as investments, partnerships, and acquisitions & mergers. Companies are also spending on the development of improved products. Moreover, they are also focusing on maintaining competitive pricing.
Segments Covered in the Report
By Product
By Application
By Geography
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Waste Recycling Services Market
5.1. COVID-19 Landscape: Waste Recycling Services Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Waste Recycling Services Market, By Product
8.1. Waste Recycling Services Market, by Product Type, 2023-2032
8.1.1. Metals
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Paper and Paperboard
8.1.2.1. Market Revenue and Forecast (2020-2032)
8.1.3. Glass
8.1.3.1. Market Revenue and Forecast (2020-2032)
8.1.4. Bulbs & Batteries
8.1.4.1. Market Revenue and Forecast (2020-2032)
8.1.5. Electronics
8.1.5.1. Market Revenue and Forecast (2020-2032)
8.1.6. Yard Trimmings
8.1.6.1. Market Revenue and Forecast (2020-2032)
8.1.7. Food
8.1.7.1. Market Revenue and Forecast (2020-2032)
8.1.8. Others
8.1.8.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Waste Recycling Services Market, By Application
9.1. Waste Recycling Services Market, by Application, 2023-2032
9.1.1. Industrial
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Municipal
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. Others
9.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Waste Recycling Services Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Product (2020-2032)
10.1.2. Market Revenue and Forecast, by Application (2020-2032)
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Product (2020-2032)
10.1.3.2. Market Revenue and Forecast, by Application (2020-2032)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Product (2020-2032)
10.1.4.2. Market Revenue and Forecast, by Application (2020-2032)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Product (2020-2032)
10.2.2. Market Revenue and Forecast, by Application (2020-2032)
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Product (2020-2032)
10.2.3.2. Market Revenue and Forecast, by Application (2020-2032)
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Product (2020-2032)
10.2.4.2. Market Revenue and Forecast, by Application (2020-2032)
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Product (2020-2032)
10.2.5.2. Market Revenue and Forecast, by Application (2020-2032)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Product (2020-2032)
10.2.6.2. Market Revenue and Forecast, by Application (2020-2032)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Product (2020-2032)
10.3.2. Market Revenue and Forecast, by Application (2020-2032)
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Product (2020-2032)
10.3.3.2. Market Revenue and Forecast, by Application (2020-2032)
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Product (2020-2032)
10.3.4.2. Market Revenue and Forecast, by Application (2020-2032)
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Product (2020-2032)
10.3.5.2. Market Revenue and Forecast, by Application (2020-2032)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Product (2020-2032)
10.3.6.2. Market Revenue and Forecast, by Application (2020-2032)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Product (2020-2032)
10.4.2. Market Revenue and Forecast, by Application (2020-2032)
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Product (2020-2032)
10.4.3.2. Market Revenue and Forecast, by Application (2020-2032)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Product (2020-2032)
10.4.4.2. Market Revenue and Forecast, by Application (2020-2032)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Product (2020-2032)
10.4.5.2. Market Revenue and Forecast, by Application (2020-2032)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Product (2020-2032)
10.4.6.2. Market Revenue and Forecast, by Application (2020-2032)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Product (2020-2032)
10.5.2. Market Revenue and Forecast, by Application (2020-2032)
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Product (2020-2032)
10.5.3.2. Market Revenue and Forecast, by Application (2020-2032)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Product (2020-2032)
10.5.4.2. Market Revenue and Forecast, by Application (2020-2032)
Chapter 11. Company Profiles
11.1. Eurokey Recycling, Ltd.
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Northstar Recycling
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Triple M Metal LP
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Amdahl Corporation
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Interface, Inc.
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Covanta
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Epson, Inc.
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Collins & Aikman
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Xerox Corp.
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Fetzer Vineyards
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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