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Waste Recycling Services Market By Product(Metals, Paper & Paperboard and Others),By Application - Global Industry Outlook, Key Companies (Northstar Recycling, Eurokey Recycling, Ltd, Triple M Metal LPand others), Trends and Forecast 2023-2032

Published on : September-2023  Report Code : RC-458  Pages Count : 105  Report Format : PDF
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Market Overview

The Global Waste Recycling Services Market is expected to attain a valuation of USD 62.7 billion by 2023, with a compound annual growth rate (CAGR) of 5.7% during the forecast period (2023-2032).

 
As per the Recycle Track Systems and Waste Recycling Services Market, the average person uses approximately 700 pounds of paper annually, while 105,800 aluminum cans are recycled every minute in the U.S., contributing to about 620,000 tons of recycled aluminum each year. Glass bottles, however, can take around 4,000 years to decompose. 

The average U.S. office worker uses roughly 500 disposable cups per year, many of which contain plastics. While 95% of textiles could be recycled or reused, the actual recycling rate is only 15%. Notably, the U.S. leads globally in exporting used textiles, accounting for over 40% annually.

The waste recycling services market is rapidly growing as sustainability becomes a global priority. This sector offers significant opportunities for businesses to innovate in areas like e-waste management, plastic recycling, and organic waste solutions. Conferences such as the WasteExpo and Recycling Innovators Forum showcase the latest trends, technologies, and business models shaping the industry. 

These events provide a platform for networking, learning, and collaboration among stakeholders. With increasing government regulations and consumer demand for eco-friendly practices, companies in this space can capitalize on growth by adopting advanced recycling technologies and forming strategic partnerships to drive sustainable solutions worldwide.

The market is expected to experience significant growth due to the increasing awareness among consumers about the advantages of recycling waste, waste management, and the problems associated with waste disposal. The implementation of stringent policies has also led to a rise in R&D efforts in the waste recycling sector, contributing to the market's growth.

Additionally, an increased awareness of the importance of proper waste disposal for safeguarding animal & human health has led to the emergence of various disposal methods and procedures. These factors collectively are expected to drive the growth of the market.

Market Dynamic

The Market for Waste Recycling Services is showing growth due to increasing concerns surrounding waste management and the challenges related to waste disposal. Various industries, including food & beverages, healthcare, personal care, & consumer goods, are increasing the usage of disposable packaging materials & consumables, which is driving the demand for recycling services.
 
The growing adoption of electronic devices worldwide has resulted in an increase in electronic waste generation. Many countries have established recycling facilities to handle the growing volume of recycled trash, further promoting recycling management. Additionally, the government's growing investments in setting up recycling plants in different locations are driving the waste recycling services market. Both the government & corporate sectors' rising attention towards sustainability has also led to heightened demand for waste recycling services.

The market is expected to experience a noteworthy rise in the integration of recycling technologies, such as sensor-based sorting systems & waste separation via robots. These innovations will significantly improve the precision of recycling processes. Furthermore, the growing need for recycled materials in industries such as packaging, construction, & automotive will open up new avenues for market participants. 

Moreover, the upcoming advanced techniques, such as waste-to-energy conversion techniques, including thermal treatment and anaerobic digestion, will transform the waste recycling industry. These upcoming methods will allow for the extraction of energy from both organic & non-recyclable waste streams, providing a sustainable & suitable solution to waste management & energy generation.

Research Scope and Analysis

By Product

The Paper and Paperboard Segment holds the dominant position in the Global Waste Recycling Services Market. The growth in this segment is due to the generation of paper waste from several sources like paper packaging, containers & newspapers. Also, the rapid expansion of online commerce platforms worldwide has resulted in the generation of a huge volume of paper & paperboard packages. 

Moreover, the increasing usage of paper-based packaging as an alternative to single-use plastics has also played an important role in driving the growth of paper waste. These factors collectively have contributed to the growth of the paper and paperboard segment in recent years.



Over the forecast period, the bulbs, batteries, & electronics segment is anticipated to grow with a compound annual growth rate of 7%. The rise in demand for various electronic devices like screens, laptops, mobiles, etc., can be a result of declining prices of electronics, an increase in disposable incomes, and a trend of early replacement of electronics. As a result of the demand for electronics, there has been a significant increase in electronic waste generation, which in turn results in a greater focus on e-waste recycling.

By Application

In 2023, the Municipal Segment is at the forefront, holding the largest market share in the Global Waste Recycling Services Market. Municipalities have been implementing several policies related to waste management, opening avenues not only to mitigate the adverse impacts of waste but also to recover valuable resources. Domestic waste treatment is extensively carried out by municipalities in each country. 

The existing waste disposal & recycling networks within municipalities can pose challenges for private enterprises aiming to enter the residential and commercial sectors. However, companies are finding ways to recycle the garbage generated by these industries by forming PPP (public-private partnerships). These partnerships facilitate the recycling process and further fuel the market growth.

The waste recycling demand in industrial applications is projected to experience the highest compound annual growth rate during the forecast period. This growth can be accredited to increased investments in diverse sectors & the implementation of stringent regulations governing discharges from these establishments, which are driving the need for waste recycling services in industrial settings. Additionally, the rising demand for agricultural-based products & organic stuff is expected to drive the market growth in the upcoming years. These factors collectively are likely to fuel the expansion of waste recycling services in industrial applications.

The Global Waste Recycling Market Report is segmented on the basis of the following:

By Product

  • Metals
  • Paper & Paperboard
  • Glass
  • Bulbs, Batteries & Electronics
  • Yard Trimmings
  • Food
  • Others

By Application

  • Industrial
  • Municipal
  • Others

Regional Analysis

Asia Pacific emerges as the market leader, commanding the largest share of 45.3% globally in 2023. The region's considerable population growth, along with rising industrialization & urbanization, has led to a substantial rise in the usage of natural resources & subsequent waste generation. India is recognized as a significant market for these services.

 
North America & Europe are projected to hold substantial shares in the overall waste recycling services market, majorly due to their well-developed infrastructure & strict policies governing waste management across diverse sectors. Among these regions, the highest recycling rate is in Germany. Other countries with higher rates include Austria, Wales & South Korea. Therefore, the growth is expected to rise significantly in the coming years, fueled by the increased awareness promoted by environmental activists, governmental initiatives, & charitable organizations.

By Region

North America
  • The U.S.
  • Canada
Europe
  • Germany
  • The U.K.
  • France
  • Italy
  • Russia
  • Spain
  • Benelux
  • Nordic
  • Rest of Europe
Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • ANZ
  • ASEAN
  • Rest of Asia-Pacific
Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Rest of Latin America
Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Israel
  • Egypt
  • Rest of MEA

Competitive Landscape

The Waste Recycling Services Market displays a moderate level of fragmentation, with numerous local companies operating in the sector. These market players are actively seeking to expand their market share through various strategies, including investments, partnerships, acquisitions, and mergers. Furthermore, companies are dedicating resources to enhance their product offerings and maintain competitive pricing to remain at the forefront of the industry.

For example, In March 2019, Veolia and Nestle joined hands in a collaborative effort to create a recycling program aimed at tackling plastic waste. In February 2020, Suez inked a deal with the Shanghai Chemical Industry Park to handle the collection and management of all hazardous wastes generated within the industrial park.

Some of the prominent players in the Global Waste Recycling Services Market are

  • Northstar Recycling
  • Eurokey Recycling, Ltd
  • Triple M Metal LP
  • Covanta
  • Epson, Inc.
  • Interface, Inc.
  • Xerox Corp.
  • Biffa
  • Rubicon Global
  • Other Key Players

COVID-19 Pandemic & Recession: Impact on the Global Waste Recycling Waste Market

The COVID-19 pandemic led to the emergence of a new category of waste called pandemic waste. This waste includes gloves, masks, respirators, and their packaging, resulting in increased waste generation due to disruptions in waste collection activities caused by lockdown measures. The pandemic resulted in panic buying of essential items like food, toilet paper, and cleaning products, leading to increased waste generation during lockdowns and a surge in demand for single-use plastics in the U.S. Additionally, the limitations on commercial activities caused by the pandemic have disrupted the waste recycling industry in the U.S.

The recession resulted in reduced consumer spending and industrial activities. Economic downturns may lead to a slowdown in investments and research in the recycling industry, affecting the development of new recycling technologies and processes.

Report Details

                          Report Characteristics
Market Size (2023) USD 62.7 Bn
Forecast Value (2032) USD 103.4 Bn
CAGR (2023-2032) 5.7%
Historical Data 2017 - 2022
Forecast Data 2023 - 2032
Base Year 2022
Estimate Year 2023
Report Coverage Market Revenue Estimation, Market Dynamics, Competitive Landscape, Growth Factors and etc.
Segments Covered By Product (Metals, Paper & Paperboard, Glass, Bulbs, Batteries & Electronics, Yard Trimmings, Food, and Others), By Application (Industrial, Municipal, Others).
Regional Coverage North America – The US and Canada; Europe – Germany, The UK, France, Russia, Spain, Italy, Benelux, Nordic, & Rest of Europe; Asia- Pacific– China, Japan, South Korea, India, ANZ, ASEAN, Rest of APAC; Latin America – Brazil, Mexico, Argentina, Colombia, Rest of Latin America; Middle East & Africa – Saudi Arabia, UAE, South Africa, Turkey, Egypt, Israel, & Rest of MEA
Prominent Players Northstar Recycling, Eurokey Recycling, Ltd., Triple M Metal LP, Covanta, Epson, Inc., Interface, Inc., Xerox Corp., Biffa, Rubicon Global, and Other Key Players.
Purchase Options We have three licenses to opt for: Single User License (Limited to 1 user), Multi-User License (Up to 5 Users), and Corporate Use License (Unlimited User) along with free report customization equivalent to 0 analyst working days, 3 analysts working days and 5 analysts working days respectively.

 

Frequently Asked Questions

  • What is the expected value of the Global Waste Recycling Services market?

    The Global Waste Recycling Services Market is projected to reach a valuation of USD 62.7 billion by 2023.

  • What is the expected CAGR for the Global Waste Recycling Services Market?

    The expected CAGR for the Global Waste Recycling Services Market is 5.7% during the forecast period (2023-2032).

  • Which segment (by-product) dominates the Global Waste Recycling Services Market?

    The Paper and Paperboard Segment holds the dominant position in the Global Waste Recycling Services Market.

  • Who are the prominent players in the Global Waste Recycling Services Market?

    Some of the prominent players in the Global Waste Recycling Services Market include Northstar Recycling, Eurokey Recycling, Ltd., Triple M Metal LP, Covanta, etc.

  • Contents

      1.Introduction
        1.1.Objectives of the Study
        1.2.Market Scope
        1.3.Market Definition and Scope
      2.Waste Recycling Services Market Overview
        2.1.Global Waste Recycling Services Market Overview by Type
        2.2.Global Waste Recycling Services Market Overview by Application
      3.Waste Recycling Services Market Dynamics, Opportunity, Regulations, and Trends Analysis
        3.1.Market Dynamics
          3.1.1.Waste Recycling Services Market Drivers
          3.1.2.Waste Recycling Services Market Opportunities
          3.1.3.Waste Recycling Services Market Restraints
          3.1.4.Waste Recycling Services Market Challenges
        3.2.Emerging Trend/Technology
        3.3.PESTLE Analysis
        3.4.PORTER'S Five Forces Analysis
        3.5.Technology Roadmap
        3.6.Opportunity Map Analysis
        3.7.Case Studies
        3.8.Opportunity Orbits
        3.9.Pricing Analysis
        3.10.Ecosystem Analysis
        3.11.Supply/Value Chain Analysis
        3.12.Covid-19 & Recession Impact Analysis
        3.13.Product/Brand Comparison
      4.Global Waste Recycling Services Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by By Product, 2017-2032
        4.1.Global Waste Recycling Services Market Analysis by By Product: Introduction
        4.2.Market Size and Forecast by Region
        4.3.Metals
        4.4.Paper & Paperboard
        4.5.Glass
        4.6.Bulbs, Batteries & Electronics
        4.7.Yard Trimmings
        4.8.Food
        4.9.Others
      5.Global Waste Recycling Services Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by By Application, 2017-2032
        5.1.Global Waste Recycling Services Market Analysis by By Application: Introduction
        5.2.Market Size and Forecast by Region
        5.3.Industrial
        5.4.Municipal
        5.5.Others
      6.Global Waste Recycling Services Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by Region, 2017-2032
        6.1.North America
          6.1.1.North America Waste Recycling Services Market: Regional Trend Analysis
            6.1.1.1.The US
            6.1.1.2.Canada
        6.2.1.Europe
          6.2.1.Europe Waste Recycling Services Market: Regional Trend Analysis
            6.2.1.1.Germany
            6.2.1.2.France
            6.2.1.3.UK
            6.2.1.4.Russia
            6.2.1.5.Italy
            6.2.1.6.Spain
            6.2.1.7.Nordic
            6.2.1.8.Benelux
            6.2.1.9.Rest of Europe
        6.3.Asia-Pacific
          6.3.1.Asia-Pacific Waste Recycling Services Market: Regional Trend Analysis
            6.3.1.1.China
            6.3.1.2.Japan
            6.3.1.3.South Korea
            6.3.1.4.India
            6.3.1.5.ANZ
            6.3.1.6.ASEAN
            6.3.1.7.Rest of Asia-Pacifc
        6.4.Latin America
          6.4.1.Latin America Waste Recycling Services Market: Regional Trend Analysis
            6.4.1.1.Brazil
            6.4.1.2.Mexico
            6.4.1.3.Argentina
            6.4.1.4.Colombia
            6.4.1.5.Rest of Latin America
        6.5.Middle East and Africa
          6.5.1.Middle East and Africa Waste Recycling Services Market: Regional Trend Analysis
            6.5.1.1.Saudi Arabia
            6.5.1.2.UAE
            6.5.1.3.South Africa
            6.5.1.4.Israel
            6.5.1.5.Egypt
            6.5.1.6.Turkey
            6.5.1.7.Rest of MEA
      7.Global Waste Recycling Services Market Company Evaluation Matrix, Competitive Landscape, Market Share Analysis, and Company Profiles
        7.1.Market Share Analysis
        7.2.Company Profiles
        7.3.Northstar Recycling
          7.3.1.Company Overview
          7.3.2.Financial Highlights
          7.3.3.Product Portfolio
          7.3.4.SWOT Analysis
          7.3.5.Key Strategies and Developments
        7.4.Eurokey Recycling, Ltd
          7.4.1.Company Overview
          7.4.2.Financial Highlights
          7.4.3.Product Portfolio
          7.4.4.SWOT Analysis
          7.4.5.Key Strategies and Developments
        7.5.Triple M Metal LP
          7.5.1.Company Overview
          7.5.2.Financial Highlights
          7.5.3.Product Portfolio
          7.5.4.SWOT Analysis
          7.5.5.Key Strategies and Developments
        7.6.Covanta
          7.6.1.Company Overview
          7.6.2.Financial Highlights
          7.6.3.Product Portfolio
          7.6.4.SWOT Analysis
          7.6.5.Key Strategies and Developments
        7.7.Epson, Inc.
          7.7.1.Company Overview
          7.7.2.Financial Highlights
          7.7.3.Product Portfolio
          7.7.4.SWOT Analysis
          7.7.5.Key Strategies and Developments
        7.8.Interface, Inc.
          7.8.1.Company Overview
          7.8.2.Financial Highlights
          7.8.3.Product Portfolio
          7.8.4.SWOT Analysis
          7.8.5.Key Strategies and Developments
        7.9.Xerox Corp.
          7.9.1.Company Overview
          7.9.2.Financial Highlights
          7.9.3.Product Portfolio
          7.9.4.SWOT Analysis
          7.9.5.Key Strategies and Developments
        7.10.Biffa
          7.10.1.Company Overview
          7.10.2.Financial Highlights
          7.10.3.Product Portfolio
          7.10.4.SWOT Analysis
          7.10.5.Key Strategies and Developments
        7.11.Rubicon Global
          7.11.1.Company Overview
          7.11.2.Financial Highlights
          7.11.3.Product Portfolio
          7.11.4.SWOT Analysis
          7.11.5.Key Strategies and Developments
        7.12.Other Key Players
          7.12.1.Company Overview
          7.12.2.Financial Highlights
          7.12.3.Product Portfolio
          7.12.4.SWOT Analysis
          7.12.5.Key Strategies and Developments
      8.Assumptions and Acronyms
      9.Research Methodology
      10.Contact
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