Waste Recycling Services Market Players: Interface, Inc., Covanta, Epson, Inc., And Collins & Aikman

 Waste Recycling Services Industry Overview

The global waste recycling services market size is anticipated to reach USD 81.3 billion by 2028, registering a CAGR of 5.2% over the forecast period, according to a new report by Grand View Research, Inc. Rising awareness pertaining to effective waste disposal in sustaining human and animal health has resulted in the development of numerous disposal systems and processes, which is expected to complement market growth.

Waste recycling service is an important component of urban infrastructure owing to its ability to protect both the environment and human health, which is a political as well as environmental concern. Waste management is intertwined with a variety of concerns, including urban lifestyles, resource consumption patterns, and other socioeconomic and cultural aspects.

Rapid industrialization has boosted the consumption of harmful chemicals, resulting in the generation of a substantial amount of hazardous waste. Furthermore, increased agricultural production has boosted the livestock & agricultural crop wastes along with agro-industrial by-products. Thus, increased generation of waste is likely to boost the demand for services for waste recycling.

Governments across the world are embracing the public-private partnership model to match the operational knowledge provided by the private sector. Rising focus on greening the waste recycling industry with emphasis on the 3Rs i.e. reduce, reuse, and recycle is critical to achieving the environmental, economic, and social goals of sustainable development, thereby driving the market growth.


Waste Recycling Services Market Segmentation

Grand View Research has segmented the global waste recycling services market on the basis of product, application, and region:

Based on the Product Insights, the market is segmented into Paper & Paperboard, Metals, Plastics, Glass, Food, Bulbs, Batteries & Electronics, Yard Trimmings, and Others.

  • The paper &paperboard segment led the market and accounted for more than 41% of the global revenue share in 2020, owing to the increased generation of paper waste through packaging, newspapers, and containers. Changing consumer trends and demographic growth have boosted the growth of the e-commercesectors, thereby augmenting the packaging demand.

 

  • The bulbs, batteries &electronics segment is likely to register a CAGR of 6.7% over the forecast period. The demand for electronics, such as screens, mobiles, telecommunication devices, laptops, and refrigerators, has increased significantly due to falling prices of electronics, rising disposable incomes, and early replacement of electronics. This has increased electronic waste and boosted the demand for e-waste recycling, which is expected to drive market growth.


Based on the Application Insights, the market is segmented into Municipal, Industrial, and Others.

  • The municipal segment led the market and accounted for 53.4% of the global revenue share in 2020. Municipalities are undertaking favorable policy decision for waste management that provides an opportunity not only to avoid the negative effects of waste, but also to recover resources, realize economic, environmental, & social advantages, and take a step towards a more sustainable future, thereby augmenting the market growth.

  • The demand for waste recycling in industrial applications is likely to grow at the fastest CAGR of 5.9% over the forecast period. Increased investments in various industries, as well as stringent rules governing discharges from these businesses, are expected to drive the demand for waste recycling services in industrial applications. Furthermore, high demand for agro-based products and organic meals is likely to boost the market growth over the forecast period.


Waste Recycling Services Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

 

Order a free sample PDF of the Waste Recycling Services Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

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