Global Waste Recycling Services Market Size, Share, and Trends Analysis Report, By Product Type (Iron and Steel, Automotive Waste, Battery Waste, Compost & Food Waste, Computer & Electronics, Glass & Fiberglass, Liquids Oils & Chemicals Minerals, Multi-Material Collection, Waste Paper, Scrap Plastic, Tire & Rubber, Wood Recycling, Waste Disposal & Collection, and Others), By Application (Industrial and Municipal), Forecast (2022-2028)

The global waste recycling services market is anticipated to grow at a significant CAGR of nearly 5.0% during the forecast period (2022-2028). The major factor expected to drive the market growth is the rising focus on waste management coupled with increasing challenges about waste disposal. Furthermore, the adoption of rigorous laws has accelerated R&D initiatives in waste recycling, increasing awareness about effective waste disposal for the preservation of animal and human health, presence of high amounts of hazardous chemicals in the trash, such as metals and salts, has compelled the waste generating companies to dispose of or recycle the waste. The rising focus on the waste recycling industry with emphasis on the 3Rs, such as reduce, reuse, and recycle is critical to achieving the environmental, economic, and social goals of sustainable development.
Some major players in the market include Amdahi Corp., Eurokey Recycling Ltd., and Northstar Recycling Company, Inc., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in 2019, WM Intellectual Property Holding L.L.C. announced that the company acquired Advanced Disposal Services. With this acquisition, the company is expected to generate more than $100 million in savings and capital expenditures annually for the company and enhance its profit share of the company. In addition, in 2019, Suez WTS USA, Inc. opened a packaging sorting plant in Germany that focuses on operations that include sorting lightweight packaging, with a capacity of 110,232 tons of waste. The opening of this plant is expected to enhance the business aspects and increase the profit ratio.

Market Coverage
The market number available for – 2021-2028
Base year- 2021
Forecast period- 2022-2028

Segment Covered-
By Product Type
By Application

Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World

Top Major Key Players:
Amdahi Corp., Eurokey Recycling Ltd., and Northstar Recycling Company, Inc., among others.

Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Waste Recycling Services Market Report by Segment
By Product Type
Iron and steel
Automotive Waste
Battery Waste
Compost & Food Waste
Computer & Electronics
Glass & Fibreglass
Liquids Oils & Chemicals Minerals
Multi-Material Collection
Waste Paper
Scrap Plastic
Tire & Rubber
Wood Recycling
Waste Disposal & Collection
Others

By Application
Industrial
Municipal