Waste Recycling Services Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product, By Application, By Region & Competition, 2021-2031F

The Global Waste Recycling Services Market is projected to expand from USD 108.93 Billion in 2025 to USD 154.34 Billion by 2031, registering a CAGR of 5.98%. This sector involves the collection, segregation, and processing of discarded items like paper, plastics, and metals to transform them into reusable secondary raw materials for manufacturing purposes. The industry is underpinned by rigorous environmental regulations that enforce landfill diversion and extended producer responsibility, alongside global efforts to foster a circular economy and reduce resource depletion. Additionally, the rising expense of virgin materials drives industries toward recycled alternatives, establishing the sector's long-term economic relevance beyond temporary technological shifts.

However, market growth is significantly hindered by global commodity price volatility, which can make recycling operations financially unstable during periods of low industrial demand. This vulnerability is reflected in recent fluctuations in material volumes; for instance, the Bureau of International Recycling reported that in 2024, recycled steel consumption in key monitored regions fell by 1% compared to the prior year, amounting to roughly 460 million metric tons. Such instability in material uptake creates financial uncertainty for service providers, potentially delaying the critical infrastructure investments necessary for scaling capacity.

Market Driver

The enforcement of strict government mandates serves as a primary catalyst for the waste recycling services sector. Legislative bodies are increasingly enacting landfill bans and extended producer responsibility programs that require higher recycling rates, thereby compelling municipalities to upgrade their collection capabilities. To adhere to these rigorous standards, public entities are directing significant capital into modernization initiatives. For example, in September 2024, the U.S. Environmental Protection Agency announced over $100 million in grants through its 'Solid Waste Infrastructure for Recycling' press release to bolster recycling infrastructure and waste management systems nationwide.

Simultaneously, the rapid increase in electronic waste generation demands specialized recycling solutions, creating a major growth avenue within the market. As consumer electronics have shorter lifespans, the volume of discarded devices containing recoverable precious metals has surged, necessitating the deployment of advanced separation technologies to reclaim value and reduce toxicity. According to the 'Global E-waste Monitor 2024' by UNITAR, released in March 2024, the world generated a record 62 billion kilograms of e-waste in 2022, an 82% increase since 2010. To manage these complex material streams and sustain volume growth, major operators continue to expand their processing footprints; Republic Services reported in 2024 that it marketed approximately 2.3 million tons of externally generated recyclable commodities during the previous fiscal year.

Market Challenge

Global commodity price volatility represents a severe obstacle to the Global Waste Recycling Services Market by undermining the financial stability of recovery operations. When industrial demand for raw materials fluctuates, the market value of secondary resources often drops sharply, rendering the capital-intensive processes of sorting and reprocessing economically unviable. This unpredictability establishes a high-risk environment that deters service providers from committing to essential long-term facility upgrades or technology investments, effectively stalling the sector's ability to scale.

The direct impact of this instability is evident in the paper recycling sector, where market dynamics have recently suppressed performance metrics. According to the Confederation of European Paper Industries, in 2024, the recycling rate for paper and cardboard within the European sector decreased by 4.2% compared to the previous year. Such declines demonstrate how price and demand volatility directly hampers market expansion, as recycling entities are forced to retrench rather than expand operations during periods of unfavorable economic conditions.

Market Trends

The widespread adoption of robotic waste processing automation is fundamentally transforming facility operations by addressing chronic labor shortages and enhancing material purity beyond human capabilities. Unlike traditional manual sorting, which is limited by fatigue and speed, AI-driven robotic systems employ advanced computer vision to identify and separate contaminants with high precision, ensuring recovered materials meet the strict quality standards required by manufacturers. This technological shift maximizes throughput efficiency and operational resilience; notably, Recycleye reported in a December 2024 special report by Letsrecycle.com that its AI-powered robotic units achieved an average pick rate of 62 picks per minute, significantly outperforming manual sorting benchmarks.

Concurrently, the infrastructure for lithium-ion battery recycling is accelerating to secure critical minerals for the energy transition, representing a distinct focus from general e-waste management. As the demand for electric vehicles intensifies, the sector is prioritizing the development of specialized hydrometallurgical facilities capable of recovering high-value battery-grade materials like lithium, nickel, and cobalt from manufacturing scrap and end-of-life battery packs. This focus on closing the battery supply chain is driving substantial production volumes; according to Li-Cycle's January 2025 press release on 2024 highlights, the company produced approximately 5,370 tonnes of black mass and equivalents in the full year 2024, underscoring the scaling of industrial capacity to support the circular battery economy.

Key Market Players

• Waste Management, Inc.
• Republic Services, Inc.
• Suez Environnement SA
• Veolia Environnement SA
• Biffa plc
• Viridor Waste Management Ltd.
• Waste Connections, Inc.
• Clean Harbors, Inc.
• Covanta Holding Corporation
• Stericycle, Inc

Report Scope

In this report, the Global Waste Recycling Services Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Waste Recycling Services Market, By Product

• Paper and Paperboard
• Plastic
• Metals
• Glass
• Bulbs & Batteries Electronics
• Others

Waste Recycling Services Market, By Application

• Industrial
• Municipal
• Others

Waste Recycling Services Market, By Region

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• South America
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Waste Recycling Services Market.

Available Customizations:

Global Waste Recycling Services Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).