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Waste Recycling Services Global Market Report 2022

Waste Recycling Services Global Market Report 2022

  • July 2022
  • 175 pages
  • ID: 6310133
  • Format: PDF
  • The Business Research Company

Summary

Table of Contents

Major players in the waste recycling services market are ADS Waste Holdings, Casella Waste Systems, China Recycling Development, Clean Harbors, Covanta Holding, Eurokey Recycling Ltd., Interface Inc., Kayama, Northstar Recycling, Parc, Remondis, Republic Services, Rubicon Global, DOWA ECO-SYSTEM, Fetzer Vineyards, KUMASEI, and Tsuneishi Kamtecs.

The global waste recycling services market is expected to grow from $51.88 billion in 2021 to $54.57 billion in 2022 at a compound annual growth rate (CAGR) of 5.2%. The waste recycling services market is expected to grow to $67.34 billion in 2026 at a CAGR of 5.4%.

The waste recycling services market consists of sales of waste recycling services by entities (sole traders, organizations, and partnerships) to reuse resources.Waste recycling involves the process of collecting and reprocessing waste materials such as plastic, paper, wood, and others through various technologies to clean and turn them into new reusable products.

Recycling waste provides several advantages, including reducing waste transported to landfills and incinerators, preventing pollution, conserving natural resources, conserving energy, creating jobs, and generating economic benefits.

The main types of waste in the waste recycling services market are compost and food waste, glass and fiberglass, metal scraps, waste paper, and others.Food and compost waste recycling generally involve reprocessing materials such as eggshells, banana skin, and more to make them reusable as a good quality soil improver or fertilizer and even generate electricity that will go back to the national grid.

These have applications in various areas such as municipal, agricultural, construction, industrial, and other applications. The services provided are collection and disposable services.

North America was the largest region in the waste recycling services market in 2021.Asia Pacific is expected to be the fastest-growing region in the forecast period.

The regions covered in the waste recycling services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The waste recycling services market research report is one of a series of new reports that provides waste recycling services market statistics, including waste recycling services industry global market size, regional shares, competitors with a waste recycling services market share, detailed waste recycling services market segments, market trends and opportunities, and any further data you may need to thrive in the waste recycling services industry. This waste recycling services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The growing awareness about plastic pollution is driving the growth of the waste recycling services market.Plastic pollution is the buildup of synthetic plastic items in the environment to the point that they pose a threat to animals and their habitats, as well as human populations.

This pollution causes the planet to degrade posing many problems such as global warming and other climatic changes.Governments of various countries are launching new schemes and policies to reduce the use of plastic and create awareness of plastic pollution.

For instance, in March 2021, the Union environment ministry of India proposed to ban the manufacturing, use, sale, import, and handling of particular single-use plastic goods across the country from 2022. Such policies are creating awareness of pollution thereby driving the growth of the market.

The technological developments in waste recycling is shaping the waste recycling services market.Recent technological advancements help turn waste into power, industries make use of their waste and with biogas convert it into usable energy.

Plasma arc recycling helps recover a vast majority of the metal found in vehicles or other objects with the help of a super-hot plasma torch.For instance, in September 2021, Sensoneo, a Europe-based waste management services, and solution company launched a waste level smart sensor.

Sensoneo Smart sensors use ultrasonic beams to assess fill levels in bins. These sensors can detect any form of garbage (mixed waste, paper, plastics, glass, textiles, bio-waste, liquids, electronics, and metal) in a variety of bins and containers.

In October 2020, Recycle Track Systems, Inc. (RTS), a US-based waste management company announced the acquisition of Industrial Organic PBC for an undisclosed amount. This acquisition helps RTS further strengthens its focus on advancing sustainability initiatives in materials management. Industrial Organic PBC is a US-based recycling company that converts food scraps into a high-value resource.

The countries covered in the waste recycling services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

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