Press release
Waste Recycling Services Market to Reach USD 106.6 Billion by 2032, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm, has launched a report on the global market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.
Request a free sample report: https://www.stratviewresearch.com/4361/waste-recycling-sevices-market.html
Market Statistics
• Market size: USD 66.7 billion in 2024
• Forecast value: USD 106.6 billion by 2032
• CAGR: 6.0% (2025-2032)
• Forecast period: 2025-2032
• Base year: 2024
• Total number of segments: 3
• Tables & figures: 100+
• Country-Level Market Assessment: 20
MARKET SEGMENTATION
Global Waste Recycling Services Market, by Product Type
• Paper & Paperboard
• Metals
• Plastics
• Glass
• Food
• Bulbs, Batteries & Electronics
• Yard Trimmings
Global Waste Recycling Services Market, by Application Type
• Municipal
• Industrial
Global Waste Recycling Services Market, by Region
• North America
• Europe
• Asia-Pacific
• Rest of the World
SEGMENT ANALYSIS
By product type, the Plastics segment dominates the market, driven by the surge in plastic waste generation worldwide and strict regulations on single-use plastics that compel businesses and municipalities to expand recycling services. The scalability and revenue potential of plastics recycling have become attractive strategic priorities for companies seeking to meet sustainability goals and capture market share in high-volume waste streams.
Under application type, the Industrial segment is expected to grow at the fastest pace during the forecast period, as rising industrial waste volumes and enhanced environmental compliance requirements prompt manufacturers to adopt specialized recycling solutions. The pursuit of cost efficiencies and material recovery in industrial operations further boosts demand for advanced recycling services, presenting profitable avenues for service providers.
REGIONAL INSIGHTS
Asia-Pacific has emerged as the dominant region in the waste recycling services market, propelled by rapid industrialization, urbanization, and expanding recycling infrastructure across China, India, and Southeast Asian economies. Government policies promoting circular economy practices, coupled with abundant labor and rising environmental awareness, continue to reinforce the region's leadership in waste recycling services.
MARKET DRIVERS
• Rising global awareness of environmental sustainability and circular economy practices increases demand for organized recycling services.
• Stricter government regulations on waste management compel businesses and municipalities to invest in recycling infrastructure.
• Growth in industrial and municipal waste generation necessitates comprehensive recycling solutions.
• Technological advancements in automated sorting and material recovery enhance service efficiency and profitability.
• Corporate sustainability commitments drive adoption of waste recycling services to achieve ESG targets.
Top Companies in the Market
• Northstar Recycling
• Triple M Metal LP
• Veolia Environnement S.A.
• Interface, Inc.
• Reworld
• Epson, Inc.
• Waste Management, Inc.
• Xerox Corp.
• SUEZ
FAQs
1. What will the global waste recycling services market size be in 2032?
The global waste recycling services market is forecast to reach USD 106.6 billion by 2032, driven by expanding recycling demand and sustainability initiatives.
2. What is the forecast CAGR for the waste recycling services market from 2025 to 2032?
The market is expected to grow at a CAGR of 6.0% during the forecast period of 2025-2032.
3. Which product type leads the waste recycling services market?
The Plastics segment dominates the market due to increased regulatory focus on plastic waste and high recycling volumes.
4. Which application segment is expected to grow fastest in the forecast period?
The Industrial segment is projected to grow fastest, as industrial waste management needs expand and compliance intensifies.
5. Which region holds the largest share in the waste recycling services market?
Asia-Pacific is the dominant region, supported by rapid industrial growth, urbanization, and strong government recycling initiatives.
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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