Waste Recycling Services Market Size, Top Key Players, Growth, Trend Analysis And Forecast To 2033

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Waste Recycling Services Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $78.43 billion In 2028 At A CAGR Of 6.0% :

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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Waste Recycling Services Market Major Segments
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

Key Driver - Increased Awareness On Plastic Pollution Drives The Waste Recycling Services Market

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.

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Prominent Trend - Development Of Waste Level Smart Sensors

Technological developments in waste recycling is shaping the waste recycling services market. Recent technological advancements help turn waste into power, industries make use of their waste and with biogas convert it into usable energy. Plasma arc recycling helps recover a vast majority of the metal found in vehicles or other objects with the help of a super-hot plasma torch. For instance, in September 2021, Sensoneo, a Europe-based waste management services, and solution company launched a waste level smart sensor. Sensoneo Smart sensors use ultrasonic beams to assess fill levels in bins. These sensors can detect any form of garbage (mixed waste, paper, plastics, glass, textiles, bio-waste, liquids, electronics, and metal) in a variety of bins and containers.

Waste Recycling Services Market Players
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

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Largest And Fastest Growing Region In The Market
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

The Table Of Content For The Market Report Include:
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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