Global Waste Recycling Services Market Size To Worth USD 107.51 Billion by 2032 | CAGR of 5.7%

Global Waste Recycling Services Market worth $107.51 billion by 2032

According to a research report published by Spherical Insights & Consulting, The Global Waste Recycling Services Market size is to grow from USD 61.76 billion in 2022 to USD 107.51 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 5.7% during the forecast period.

Browse key industry insights spread across 200 pages with 130 market data tables and figures & charts from the report on "Global Waste Recycling Services Market Size, Share, and COVID-19 Impact Analysis, By Product (Paper & Paperboard, Metals, Plastics, Glass, Food, Bulbs, Batteries & Electronics, Yard Trimmings, and Others), By Application (Municipal, Industrial, and Others), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2032." Get Detailed Report Description Here:https://www.sphericalinsights.com/reports/waste-recycling-services-market-

Waste recycling services are crucial for managing and mitigating the environmental impact of waste generated by human activities. These services encompass the collection, processing, and transformation of recyclable materials into new products or resources, reducing the need for virgin materials and conserving natural resources. Collection methods may include curbside pickup, drop-off centers, or specialized programs for specific waste types. At processing facilities, recyclable materials are sorted, cleaned, and prepared for recycling, with contaminants removed to ensure quality. Mechanical or chemical methods are used to transform the materials into new products or resources. Waste recycling services are essential for sustainable waste management, addressing global environmental challenges such as pollution, resource depletion, and climate change.

The bulbs, batteries & electronics segment is expected to grow at a higher CAGR of 6.1% over the forecast period

Based on the product, the bulbs, batteries & electronics segment is projected to be the fastest-growing sector in the waste recycling services market This is attributed to increasing awareness about the environmental impact of electronic waste, stringent regulations mandating proper recycling and disposal, growing technological advancements leading to higher e-waste generation, and rising adoption of circular economy principles and sustainability initiatives. The demand for specialized waste recycling services in this segment is driven by the need for efficient and sustainable disposal of bulbs, batteries, and electronics to mitigate environmental pollution and promote responsible waste management practices. The rapid growth of this segment reflects the growing recognition of the importance of responsible e-waste management in the modern era.

The industrial segment is expected to grow at a CAGR of around 6.3% during the forecast period

Based on the application, the industrial segment is anticipated to be the fastest-growing sector in the waste recycling services market. This is due to the increasing focus on sustainability, circular economy principles, and environmental regulations, which are driving the demand for efficient waste management solutions in industrial sectors. Additionally, industrial waste streams can be significant in terms of volume and complexity, requiring specialized recycling services. The growth of the industrial segment underscores the need for effective waste recycling services to mitigate environmental impact and promote sustainable practices in industrial sectors.

Asia-Pacific is predicted to grow at a CAGR of 7.4% over the projected period

Based on region, the Asia-Pacific region is expected to be the fastest-growing market for waste recycling services due to several factors. Rapid industrialization and urbanization in countries like China, India, and Southeast Asian nations are resulting in increased waste generation, leading to a higher demand for waste recycling services. Moreover, increasing environmental awareness, government regulations promoting waste recycling, and growing corporate sustainability initiatives are driving the adoption of waste recycling services in the region. Additionally, rising consumer awareness about sustainable waste management practices and the growing demand for eco-friendly products and services are further boosting the demand for waste recycling services in the Asia-Pacific region. Overall, the combination of favorable demographic factors, increasing environmental concerns, and supportive government policies is expected to drive the rapid growth of the waste recycling services market in the Asia-Pacific region.

Some of the major players in the global waste recycling services market include Waste Management, Inc., Republic Services, Inc., Veolia Environnement S.A., SUEZ Environnement S.A., Clean Harbors, Inc., Stericycle, Inc., Waste Connections, Inc., Advanced Disposal Services, Inc., Covanta Holding Corporation, Casella Waste Systems, Inc., GFL Environmental Inc., Remondis SE & Co. KG, Waste Pro USA, Inc., Rumpke Consolidated Companies, Inc., and Recology Inc.

List of Companies:

• Waste Management, Inc.
• Republic Services, Inc.
• Veolia Environnement S.A.
• SUEZ Environnement S.A.
• Clean Harbors, Inc.
• Stericycle, Inc.
• Waste Connections, Inc.
• Advanced Disposal Services, Inc.
• Covanta Holding Corporation
• Casella Waste Systems, Inc.
• GFL Environmental Inc.
• Remondis SE & Co. KG
• Waste Pro USA, Inc.
• Rumpke Consolidated Companies, Inc.
• Recology Inc.

Key Target Audience

• Market Players
• Investors
• End-Users
• Government Authorities 
• Consulting and Research Firm
• Venture Capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In May 2022, Northstar Recycling Company, LLC strategically acquired Complete Recycling, LLC to expand its services and capabilities. This move aims to leverage the expertise, resources, and customer base of both companies to enhance Northstar Recycling Company, LLC's ability to provide comprehensive solutions to existing customers and attract new customers and partners with a more scaled platform. The acquisition enables Northstar Recycling Company, LLC to offer an extended range of services and solutions, including expanded recycling and waste management programs, enhanced data and reporting capabilities, and increased processing and handling capacity. This strategic acquisition strengthens Northstar Recycling Company, LLC's position in the market and enables it to better meet the evolving needs of its customers and the industry.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global waste recycling services market based on the below-mentioned segments:

Waste Recycling Services Market, By Product Type

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

Waste Recycling Services Market, By Application

• Municipal
• Industrial
• Others

Waste Recycling Services Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

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