Global Waste Recycling Services Market
The global Waste Recycling Services market was valued at USD 56.15 billion in 2021 which expected to reach USD 81.30 billion by 2027 at a CAGR 5.2% from 2021-2027.
Recycling is the process of converting waste resources into new materials and objects. This concept typically incorporates energy recovery from waste materials. Recyclability is determined by a material's ability to restore the properties it had in its original state. Rising consumer awareness of the benefits of garbage recycling is expected to positively impact market growth over the forecast period.
Market Drivers
Rising volume of e-wastes.
The world is experiencing a surge in demand for numerous electronic devices in both residential and commercial settings. The increasing global acceptance of digital technology has spurred the manufacturing and consumption of various electronic gadgets, resulting in a massive volume of e-waste. These e-wastes could include toxic compounds like lead, beryllium, and calcium. As a result, e-waste requires special consideration in recycling and waste disposal.
Market Restraints
High costs involved. The procurement of different machineries and equipment in recycling plants necessitates a significant financial investment. As a result, the large capital investments in the waste recycling facility, as well as the associated maintenance and repair expenses, are the significant impediments to market expansion throughout the forecast period.
Impact of COVID-19
During the COVID-19 pandemic, lockdown imposed a new category of garbage called as pandemic waste, which includes gloves, masks, and respirators, as well as their packaging, which increased the waste generated owing to disruptions in waste collection activities.
Market Segmentation
The Global Waste Recycling Services Market is segmented into Product, Application, Distribution Channel and Growing System. By Product such as Paper & Paperboard, Metals, Plastics, Glass, Food, Bulbs, Batteries & Electronics, Yard Trimmings, Others. By Application such as Municipal, Industrial, Others.
Regional Analysis
Global Waste Recycling Services Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. During the forecast period, the Waste Recycling Services market in APAC is expected to grow at the fastest CAGR. Due to the low cost and simple availability of manufacturing factors, as well as favorable government regulations, Asia Pacific is rapidly industrializing. The rapid rise of numerous industries such as the chemical, electronics, and automotive industries has fueled the expansion of the Asia Pacific waste recycling services market. Increased government and corporate investments in the development of effective waste management systems are likely to fuel market expansion. Furthermore, the rigorous government regulations governing the disposal of industrial wastes are expected to significantly drive the waste recycling services market during the forecast period.
Key Players
Various key players are listed in this report such as Eurokey Recycling, Ltd.; Northstar Recycling; Triple M Metal LP; Amdahl Corporation; Interface, Inc.; Covanta; Epson, Inc.; Collins & Aikman; Xerox Corp.; Fetzer Vineyards
Market Taxonomy
By Product
By Application
By Region
Key Questions Addressed by the Report
Global Waste Recycling Services Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Waste Recycling Services Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Waste Recycling Services Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.2 Global Waste Recycling Services Market Share Analysis, By Product
5.3 Global Waste Recycling Services Market Size and Forecast, By Product
5.3.1 Paper & Paperboard
5.3.2 Metals
5.3.3 Plastics
5.3.4 Glass
5.3.5 Food
5.3.6 Bulbs, Batteries & Electronics
5.3.7 Yard Trimmings
5.3.8 Others
6 Global Waste Recycling Services Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Waste Recycling Services Market Share Analysis, By Application
6.3 Global Waste Recycling Services Market Size and Forecast, By Application
6.3.1 Municipal
6.3.2 Industrial
6.3.3 Others
7 Global Waste Recycling Services Market, By Region
7.1 Global Waste Recycling Services Market Share Analysis, By Region
7.2 Global Waste Recycling Services Market Share Analysis, By Region
7.3 Global Waste Recycling Services Market Size and Forecast, By Region
8 North America Waste Recycling Services Market Analysis and Forecast (2021-2027)
8.1 Introduction
8.2 North America Waste Recycling Services Market Share Analysis, By Product
8.3 North America Waste Recycling Services Market Size and Forecast, By Application
8.4 North America Waste Recycling Services Market Size and Forecast, By End-use Industry
8.6 North America Waste Recycling Services Market Size and Forecast, By Country
8.7.1 U.S.
8.7.2 Canada
8.7.3 Mexico
9 Europe Waste Recycling Services Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 Europe Waste Recycling Services Market Share Analysis, By Product
9.3 Europe Waste Recycling Services Market Size and Forecast, By Application
9.4 Europe Waste Recycling Services Market Size and Forecast, By End-use Industry
9.6 Europe Waste Recycling Services Market Size and Forecast, By Country
9.6.1 Germany
9.6.2 France
9.6.3 UK
9.6.4. Rest of Europe
10 Asia Pacific Waste Recycling Services Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Asia Pacific Waste Recycling Services Market Share Analysis, By Product
10.3 Asia Pacific Waste Recycling Services Market Size and Forecast, By Application
10.4 Asia Pacific Waste Recycling Services Market Size and Forecast, By End-use Industry
10.6 Asia Pacific Waste Recycling Services Market Size and Forecast, By Country
10.6.1 China
10.7.2 Japan
10.8.3 India
10.8.4. Rest of Asia Pacific
11 Latin America Waste Recycling Services Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Latin America Waste Recycling Services Market Share Analysis, By Product
11.3 Latin America Waste Recycling Services Market Size and Forecast, By Application
11.4 Latin America Waste Recycling Services Market Size and Forecast, By End-use Industry
11.6 Latin America Waste Recycling Services Market Size and Forecast, Country
11.7.1. Brazil
11.8.2. Rest of Latin America
12 Middle East Waste Recycling Services Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Middle East Waste Recycling Services Market Share Analysis, By Product
12.3 Middle East Waste Recycling Services Market Size and Forecast, By Application
12.4 Middle East Waste Recycling Services Market Size and Forecast, By End-use Industry
12.6 Middle East Waste Recycling Services Market Size and Forecast, By Country
12.7.1. Saudi Arabia
12.8.2. UAE
12.8.3. Egypt
12.9.4. Kuwait
12.10.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 Eurokey Recycling, Ltd
14.1.1 Overview
14.1.2 Products
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. Northstar Recycling
14.2.1 Overview
14.2.2 Products
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. Triple M Metal LP
14.3.1 Overview
14.3.2 Products
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Amdahl Corporation
14.4.1 Overview
14.4.2 Products
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Interface, Inc
14.5.1 Overview
14.5.2 Products
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Covanta
14.6.1 Overview
14.6.2 Products
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Epson, Inc
14.7.1 Overview
14.7.2 Products
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Collins & Aikman
14.8.1 Overview
14.8.2 Products
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Xerox Corp
14.8.1 Overview
14.8.2 Products
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.10 Fetzer Vineyards
14.8.1 Overview
14.8.2 Products
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
