At 5.4% CAGR, Global Waste Recycling Services Market Size & Share to Surpass $84.8 Billion By 2028 | EV Industry Trends, Growth & Forecast Report by Polaris Market Research
The global waste recycling services market size is expected to reach USD 84.87 billion by 2028 according to a new study by Polaris Market Research. The report “Waste Recycling Services Market Share, Size, Trends, Industry Analysis Report, By Application (Municipal, Industrial, Others); By Product; By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The global services market will be driven by increasing urbanization, rapid industrialization, and a growing global population. The increasing adoption of environmentally friendly practices and advancement in technologies will provide an opportunity for the market to grow in the coming years.
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Numerous developments have been taking place in the global industry in recent times. Sanofi Consumer Healthcare entered into a partnership with US-based recycling initiative TerraCycle in April 2021 to make product packaging and aerosol containers produced by Sanofi recyclable. Alibaba and Unilever collaborated to launch an artificial intelligence-powered system in January 2021. The machines that use AI will automatically identify and sort plastic packaging.
The emergence of COVID-19 is expected to hinder the growth of the global services industry due to the lockdown in many parts of the world. The decrease in industrial activity has decreased the generation of industrial sludge. The situation is expected to stabilize with the rapid vaccination programs around the globe that will help in the complete opening up of various economic activities in the coming periods.
Industry participants such as Biffa plc, BioMedical Waste Solutions, LLC, Clean Harbors, Inc, Covanta Holding Corporation, Daiseki Co., Ltd, Eurokey Recycling, Ltd., FCC Environment Limited, Hitachi Zosen Corporation, Northstar Recycling, REMONDIS SE & Co. KG, Republic Services, Stericycle, SUEZ, Triple M Metal LP, Urbaser, Veolia Environnement S.A., Waste Connections, Waste Management, Inc. are some of the key players operating in the global.
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Polaris Market Research has segmented the waste recycling services market report on the basis of product, application, and region:
Waste Recycling Services, Product Outlook (Revenue – USD Million, 2016 – 2028)
- Paper & Paperboard
- Bulbs, Batteries & Electronics
- Yard Trimmings
Waste Recycling Services, Application Outlook (Revenue – USD Million, 2016 – 2028)
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