PUBLISHER: The Business Research Company | PRODUCT CODE: 1769566
PUBLISHER: The Business Research Company | PRODUCT CODE: 1769566
Waste recycling services refer to the processes and operations involved in collecting, processing, and converting waste materials into new, usable products. These services are critical components of waste management systems worldwide, aiming to reduce landfill use, conserve natural resources, and mitigate environmental impacts.
The waste recycling services market consists of the sales of waste recycling services by entities (organizations, sole traders and partnerships) that are utilized by municipalities, businesses, industries, construction companies, agricultural entities, and individual households. They are engaged whenever waste materials accumulate and need to be responsibly handled, whether on a daily basis, such as municipal waste collection, or periodically, such as during large construction or industrial projects.
The global waste recycling services market was valued at $51,925.02 million in 2019 which grew till 2024 at a compound annual growth rate (CAGR) of more than 3.00%.
Increasing Environmental Awareness
The increasing environmental awareness supported the growth of the waste recycling services market during the historic period. Growing environmental awareness among individuals, businesses, and governments has significantly increased the demand for waste recycling services, as stakeholders seek to mitigate the negative impacts of pollution, landfill overflow, and improper waste disposal. Increased environmental awareness has also encouraged investment in recycling technologies and innovative waste management solutions. Advanced recycling methods, such as chemical recycling and automated material sorting, have made recycling processes more efficient and profitable. This innovation supports the expansion and modernization of waste recycling services, allowing the market to grow rapidly. For instance, in May 2024, according to the Ministry for the Environment, a New Zealand-based government department, the proportion of New Zealanders concerned about environmental issues rose significantly from 20% in 2022 to 25% in 2023. Therefore, the increasing environmental awareness drove the growth of the waste recycling services market.
Innovative Chemical Recycling Facility For Nylon Apparel To Boost Sustainability And Resource Efficiency
Major companies in the waste recycling services market are focusing on developing innovative facilities to enhance waste processing efficiency, improve resource recovery, minimize environmental impact, and meet evolving regulatory and sustainability standards. For instance, in April 2025, BASF SE, a Germany-based chemical company, launched its first facility to recycle used nylon apparel. The facility utilizes cutting-edge chemical recycling technology to break down waste nylon fibers into their original monomers, enabling the production of high-quality, virgin-grade nylon without degradation. Unlike traditional mechanical recycling, this process allows for endless recycling cycles, preserving material performance and reducing reliance on fossil resources. The factory is designed with an energy-efficient system that minimizes carbon emissions and water usage, aligning with BASF's broader climate neutrality goals.
The global waste recycling services market is fairly fragmented, with large number of small players operating in the market. The top ten competitors in the market made up to 19.86% of the total market in 2023.
Waste Recycling Services Global Market Opportunities And Strategies To 2034 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global waste recycling services market as it emerges from the COVID-19 shut down.
Where is the largest and fastest-growing market for waste recycling services? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The waste recycling services market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider waste recycling services market; and compares it with other markets.