The Waste Recycling Services Market will reach USD 77.6 Billion by 2027. The global Waste Recycling Services Market is valued at around USD 54.39 Billion in 2020 and is expected to grow with a healthy growth rate of over of 5.20% over the forecast period 2021-2027.
Waste recycling services include waste recycling, including the recycling of paper, glass, metal, textiles, plastics and electronic equipment. It also includes composting which is basically ???reuse of biodegradable waste,??? such as food and garden mulch. The increased awareness of waste management is enhancing the growth of the waste recycling services market. For example, according to the World Bank organization, waste generation rates are increasing. In 2016, approximately 2.01 billion tons of solid waste was generated globally, or 0.74 kg per person per day. With increasing population growth and increasing urbanization, annual waste generation is expected to increase by 70% from 2016 levels to reach 3.40 billion tonnes by 2050.
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Adoption of strict laws by the government in the enforcement of waste recycling enhances the market growth of waste recycling market However, the high manufacturing cost of waste management hinders the market growth during the period forecast 2021-2027. Additionally, growing urban population and growing awareness of waste management is expected to augment the market growth over the forecast period.
The regional analysis of Global Waste Recycling Services Market is considered for the key regions such as Asia-Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading region in the world in terms of market share owing to growing awareness of cleanliness and waste management, as well as efforts by private and governmental authorities for effective waste recycling . While Europe and North America are also expected to show the highest growth rate during the forecast period 2021-2027. Factors such as growing awareness, growing industrialization that produces waste on a large scale would create lucrative growth prospects for the waste recycling services market.
The major market players included in this report are:
Eurokey Recycling, Ltd.
Triple M Metal LP
Collins and Aikman
The objective of the study is to define the market size of different segments and countries in recent years and to forecast the values to the next eight years. The report is designed to incorporate qualitative and quantitative aspects of the industry in each of the regions and countries involved in the study. Furthermore, the report also provides detailed information about the crucial aspects such as driving factors and challenges which will define the future growth of the market. Additionally, the report should also incorporate the opportunities available in the micro markets for stakeholders to invest in, along with the detailed analysis of the competitive landscape and product offerings of key players.
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The detailed segments and sub-segments of the market are explained below:
Paper and cardboard
Rest of the world
In addition, the years considered for the study are as follows:
Historical year – 2018, 2019
Reference year – 2020
Forecast Period – 2021 to 2027
Target Audience of Global Waste Recycling Services Market in Market Research:
Leading Consulting Firms and Advisors
Large, medium and small businesses
Value Added Resellers (VAR)
Third-Party Knowledge Providers
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This market report shows the projected market size for the Multi-Cloud Management Market by the end of forecast period. The report also examines historical and current market sizes.
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