Waste And Recycling Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends

What Is the Forecasted Market Size and Growth Rate for the Waste And Recycling Market?
The expansion of the market size for waste and recycling has seen significant progress in the past few years. The market is projected to ascend from $30.7 billion in 2024 to $32.26 billion in 2025, inducing a compound annual growth rate (CAGR) of 5.1%. Factors such as rapid urbanization, increasing population, established regulatory structures, heightened public consciousness about environmental topics, and economic development have contributed to this growth in the historical timeframe.

Over the coming years, the waste and recycling industry is set to witness robust expansion, with its market value projected to reach $39.7 billion by 2029, representing a compound annual growth rate (CAGR) of 5.3%. This projected growth in the anticipated period can be traced back to a variety of driving factors such as initiatives related to the circular economy, increased production of electronic waste, stricter legislative guidelines, ascending consciousness among customers, increase in urban areas, and infrastructural evolution. Key trends expected to dominate the forecast period comprise technological incorporation, improved data analytics, intelligent waste management systems, modern composting methodologies, and the implementation of robotic frameworks.

What Factors Are Propelling the Expansion of the Waste And Recycling Market?
The growth of the waste and recycling market is anticipated to be driven by the escalating production of e-waste. The term e-waste generation pertains to the creation of waste from electronic gadgets which becomes redundant due to their replacement or disposal following upgrades. This rise in e-waste generation is primarily a result of rapidly advancing technology resulting in frequent updates and consequent disposals of electronic gadgets. Waste and recycling systems are instrumental in handling this rising e-waste generation by enabling the correct disposal, recycling, and recovery of valuable resources from discarded electronic devices. To illustrate, the United Nations Institute for Training and Research (UNITAR), a dedicated training branch of the United Nations system based in Switzerland, noted that in 2022, a staggering 62 million metric tons of e-waste was produced globally, marking a record. The projection for e-waste generation by 2030 is anticipated to increase by 32% to 82 million metric tons. Therefore, the mounting e-waste production is expected to fuel the growth of the waste and recycling market.

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Which Businesses Are at the Forefront of Waste And Recycling Market Development?
Major companies operating in the waste and recycling market are Veolia Environnement S.A., Waste Management Inc., Remondis SE & Co. KG, Republic Services Inc., Suez S.A., Waste Connections Inc., Clean Harbors Inc., Hitachi Zosen Corporation, Stericycle Inc., Sociedad Anónima Industrias Celulosa y Papelera de Ávila, Biffa plc, Reworld Waste LLC, Recology Inc., FCC Environment Limited, Daiseki Co. Ltd., Urbaser S.A., Phoenix Technologies International Inc., Custom Polymers Inc., Biomedical Waste Solutions LLC, Envision Plastics Industries LLC, PolyQuest Inc., Landbell Group, Verdeco Recycling LLC, Bigbelly Inc., Valicor Environmental Services Inc.

Which Businesses Are at the Forefront of Market Development?
The core focus for key players in the waste and recycling industry is shifting towards digital evolution and automation through solutions such as Low-code platforms. These platforms present a method of optimizing operations while also offering immediate access to data analytics, which greatly enhances decision making and resource allocation. The integration of Low-code platforms in waste recycling simplifies and automates these processes, and simultaneously collates with existing systems, offering real-time analysis thus improving operational performance and compliance. For example, May 2024 saw the introduction of the Waste and Recycling One (WR1) software by UK-based ISB Global Ltd in the U.S. market. The WR1 seeks to standardize and automate waste and recycling operations by integrating with ERP systems like SAP to offer a consolidated master data source. Utilizing the OutSystems low-code platform, it helps maximize operational efficiency, decrease expenditure, and phase-out antiquated systems without any need for additional software integration. Furthermore, it boosts compliance reporting by rapidly adapting to regulatory shifts and providing immediate access to operational performance.

How Is the Waste And Recycling Market Segmented?
The waste and recycling market covered in this report is segmented -

1) By Type: Municipal Waste, Industrial Waste, Hazardous Waste, Others
2) By Service Type: Collection, Transportation, Disposal, Others
3) By Application: Packaging And Consumer Goods, Construction, Landscaping Or Street, Other Applications

Subsegments:
1) By Municipal Waste: Household Waste, Commercial Waste, Construction and Demolition Debris, Yard Waste
2) By Industrial Waste: Manufacturing Waste, Mining Waste, Energy Production Waste, Agricultural Waste
3) By Hazardous Waste: Chemical Waste, Biomedical Waste, Electronic Waste (E-Waste), Radioactive Waste
4) By Others: Organic Waste, Recyclable Materials (e.g., paper, plastic, metals), Specialty Waste (e.g., pharmaceutical waste, bulky waste), Construction and Demolition Recyclables

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Where Is the Waste And Recycling Market Growth Most Prominent?
North America was the largest region in the waste and recycling market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the waste and recycling market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Waste And Recycling Global Market Report?

- Market Size Analysis: Analyze the waste and recycling Market Size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the waste and recycling market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall waste and recycling market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the waste and recycling market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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