Press release
Global Waste Recovery And Recycling Market Projected to Surpass $193.17 Billion by 2029 with 10.8% Annual Growth
Waste Recovery And Recycling Market
Which drivers are expected to have the greatest impact on the over the waste recovery and recycling market's growth?
The upward trend in waste production is anticipated to drive the expansion of the waste recovery and recycling market in the coming years. Waste creation pertains to the generation or accumulation of waste matter as a byproduct of various activities. These encompass industrial processes, residential consumption, and commercial processes, including everything from solid and liquid waste to gaseous materials generated throughout the production, consumption, or disposal of commodities and services. The surge in waste production can be attributed to factors such as population growth, escalating consumption rates, urban development, and increased goods output. Waste recovery and recycling methodologies tackle escalating waste levels by repurposing matter, curbing waste volume destined for landfills and, ultimately, preserving resources via reuse and recycling. For example, according to the United Nations Environment Programme, a UN agency based in Kenya, the production of municipal solid waste is projected to rise from 2.1 billion metric tons in 2023 to 3.8 billion metric tons by 2050. Thus, the increase in waste production essentially propels the expansion of the waste recovery and recycling market.
Get Your Waste Recovery And Recycling Market Report Here:
https://www.thebusinessresearchcompany.com/report/waste-recovery-and-recycling-global-market-report
What growth opportunities are expected to drive the waste recovery and recycling market's CAGR through 2034?
The market size of waste recovery and recycling has seen a quick expansion in the last few years. It is predicted to escalate from $115.26 billion in 2024 to $128.06 billion in 2025, incorporating a compound annual growth rate (CAGR) of 11.1%. Factors contributing to the historical period growth include a surge in environmental consciousness, regulatory directives, escalation in landfill expenses, scarcity of resources, societal demands for sustainable practices, and initiatives for corporate social responsibility.
The market for waste recovery and recycling is anticipated to expand significantly in the upcoming years, reaching a size of $193.17 billion in 2029, with a compound annual growth rate (CAGR) of 10.8%. The forecast period's growth is attributed to various factors including strict government regulations, increasing customer demand for eco-friendly products, an emphasis on the principles of the circular economy, enhancements in waste management facilities, a rise in green technology investments, and a heightened awareness of the effects of climate change. Key trends in the forecast period encompass the development of sophisticated sorting technologies, surge in electronic waste recycling, use of compostable materials, proliferation of automated waste management systems, creation of localised recycling facilities, advancement of circular economy strategies, and increased use of artificial intelligence in waste sorting and management.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=19755&type=smp
What are the most significant trends transforming the waste recovery and recycling market today?
Prominent companies in the waste recovery and recycling sector are employing innovative robotic systems, such as AI-powered waste sorting robots, to boost effectiveness in material division, augment sorting precision, and refine the overall recycling procedures. These sophisticated robotic systems, armed with AI technologies, are engineered to automate the function of dividing and classifying waste materials. They employ an amalgamation of machine learning, sensor technologies, and computer vision. For example, in February 2024, ZenRobotics, a tech company based in Finland, introduced ZenRobotics 4.0. This next-generation waste sorting robot utilizes forefront AI and machine learning technologies to augment the efficacy and exactness of waste segregation and recycling operations. ZenRobotics 4.0 is targeted at improving the effectiveness and precision of waste sorting by utilizing cutting-edge AI and machine learning technologies to better segregate and process recyclable waste.
Which key market segments comprise the waste recovery and recycling market and drive its revenue growth?
The waste recovery and recyclingmarket covered in this report is segmented -
1) By Type: Metal, Plastic, Glass, Textiles, Organic Waste
2) By Collection Method: Curbside Collection, Drop Off Centers, Buy-Back Centers, Other Collection Methods
3) By Process: Collection, Processing, Disposal
4) By Application: Industrial, Commercial, Residential, Agricultural
5) By End-User: Recycling, Reuse, Energy Recovery, Landfill
Subsegments:
1) By Metal: Ferrous Metals, Non-Ferrous Metals, Precious Metals, E-Waste Recycling
2) By Plastic: PET (Polyethylene Terephthalate), HDPE (High-Density Polyethylene), PVC (Polyvinyl Chloride), LDPE (Low-Density Polyethylene), Polypropylene (PP), Polystyrene (PS)
3) By Glass: Clear Glass, Colored Glass, Mixed Glass, Container Glass, Flat Glass
4) By Textiles: Clothing Recycling, Fabric Recycling, Carpet Recycling, Textile Waste from Manufacturing
5) By Organic Waste: Food Waste, Yard Waste, Agricultural Waste, Green Waste Recycling
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=19755
Which region dominates the waste recovery and recycling market?
North America was the largest region in the waste recovery and recycling market in 2024. The regions covered in the waste recovery and recycling market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the waste recovery and recycling market?
Major companies operating in the waste recovery and recycling market are Veolia Environnement S.A., Kimberly-Clark Corporation, Waste Management Inc., Novelis Inc., Ecolab Inc., Republic Services Inc., Waste Connections Inc., GFL Environmental Inc., Clean Harbors Inc., Evoqua Water Technologies LLC, Reworld Waste LLC, Casella Waste Systems Inc., Recology Inc., Rumpke Consolidated Companies Inc., Viridor Ltd, FCC Environment Limited, EnviroServ Waste Management Ltd, Merrick & Company, RoadRunner Recycling Inc., Norpac LLC, Wheelabrator Technologies Holdings Inc., Lakeshore Recycling Systems LLC
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=19755&type=smp
What Is Covered In The Waste Recovery And Recycling Global Market Report?
•Market Size Forecast: Examine the waste recovery and recycling market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the waste recovery and recycling market for a structured understanding.
•Key Players Overview: Analyze major players in the waste recovery and recycling market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the waste recovery and recycling market.
•Segment Contributions: Evaluate how different segments drive overall growth in the waste recovery and recycling market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the waste recovery and recycling market.
•Industry Challenges: Identify potential risks and obstacles affecting the waste recovery and recycling market.
•Competitive Landscape: Review strategic developments in the waste recovery and recycling market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Waste Recovery And Recycling Market Projected to Surpass $193.17 Billion by 2029 with 10.8% Annual Growth here
News-ID: 3943478 • Views: …
More Releases from The Business Research Company
What Is The Leading Driver Behind Surge In Infectious Diseases Fueling The Growt …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Organoid Kit Industry Market Size Be by 2025?
In recent times, the organoid kit market has experienced swift expansion. Its value is projected to increase from $1.13 billion in 2024 to $1.31 billion in 2025, showing a compound annual growth rate (CAGR) of 16.4%. Reasons for…
Global Next-Generation Sequencing (NGS)-Based Molecular Diagnostics Market Growt …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Next-Generation Sequencing (NGS)-Based Molecular Diagnostics Industry Market Size Be by 2025?
In recent times, the market size for next-generation sequencing (NGS)-based molecular diagnostics has seen a significant increase. The expected growth trajectory is from $2.10 billion in 2024 to $2.26 billion in 2025, translating to a…
Global Nanomaterials In Personalized Medicine Market: Major Trends Reshaping the …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Nanomaterials In Personalized Medicine Industry Market Size Be by 2025?
The market for nanomaterials in personalized medicine has seen rapid expansion in recent years. Its size is projected to increase from $351.41 billion in 2024 to $392.97 billion in 2025, demonstrating a compound annual growth rate…
Increasing Demand For Personalized Medicine Fueling The Growth Of The Market Due …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Microbiome Testing Kit Industry Market Size Be by 2025?
The market size of microbiome testing kits has expanded dramatically in the past few years. It is projected to rise from a valuation of $1.31 billion in 2024 to reach $1.63 billion in 2025, demonstrating a compound…
More Releases for Waste
Waste King Women's Perspectives on Waste Management
While working in waste management may be, traditionally, considered a role for men, a growing proportion - currently some 27% - of the UK's waste management workforce are female.
According to the international network of waste professionals and experts, The International Solid Waste Association (ISWA), "Women make a strong contribution to the waste management sector. Women are out there but are just not very visible."
The ISWA adds, "But women…
Global Solid Waste Management Market By Waste Type: Industrial Waste, Municipal …
According to the latest research by SkyQuest Technology, the Global Solid Waste Management Market was valued at USD 285.16 Billion in 2021, and it is expected to reach USD 392.14 Billion by 2028, with a CAGR of 3.3% during the forecast period of 2022 -2028. The research provides up-to-date Solid Waste Management market analysis of the current market landscape, latest trends, drivers, and overall market environment.
Unwanted solid material produced as…
Pharmaceutical Waste Management Market Is Thriving Worldwide | Waste Management, …
A new market study is released on Global Pharmaceutical Waste Management Market with data Tables for historical and forecast years represented with Chats & Graphs spread through 101 Pages with easy to understand detailed analysis. The study highlights detailed assessment of the Market and display market sizing trend by revenue & volume (if applicable), current growth factors, expert opinions, facts, and industry validated market development data. The research study provides…
Global Waste Paper Recycling Market Forecast 2019-2026 Miami Waste Paper, Dixie …
Market study on Global Waste Paper Recycling 2019 Research Report presents a professional and complete analysis of Global Waste Paper Recycling Market on the current market situation.
Report provides a general overview of the Waste Paper Recycling industry 2019 including definitions, classifications, Waste Paper Recycling market analysis, a wide range of applications and Waste Paper Recycling industry chain structure. The 2019's report on Waste Paper Recycling industry offers the global…
E-Waste Market In India- -Waste Management Flowchart And E-Waste Recycling Proce …
Big Market Researchs latest market research report titled E-Waste Market in India 2014 describes the dynamics of e-waste recycling in India. E-waste is generated when electronic products reach the end of their lifecycle or utility to the consumer, and needs to be properly recycled to minimize environmental risks.
Get Sample Report : http://bit.ly/2Jc9Vyz
Televisions, personal computers and refrigerators are the largest contributors to e-waste generation in India. Large volume of e-waste…
Industrial Waste Management Market: Waste Management, Republic Services, Clean H …
MarketResearchReports.Biz has recently announced the Latest industry research report on: "Global Industrial Waste Management Market" : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts.
This report presents the worldwide Industrial Waste Management market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market…
