Authored By: Sarah
23 Aug 2024

Waste Recycling Services Market Size to grow by USD 21.1 billion between 2024-2028

Technavio, a leading provider of market research reports, has released its latest study on Waste Recycling Services Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges.

Key Highlights

  • Market Research Overview:

The global environmental and facilities services market encompasses businesses offering solutions for environmental and facilities maintenance, encompassing sectors such as waste management, facilities management, and pollution control. According to Technavio's market analysis, the market's size is determined by the consolidated revenue generated by these companies. Key growth drivers for the environmental and facilities services market include the increasing prioritization of sustainability and environmental stewardship. This trend is fueled by heightened public awareness and regulatory pressures, leading to a growing demand for eco-friendly solutions in various industries. - The Waste Recycling Services Market is experiencing significant growth, fueled by the Increasing number of partnerships and collaborations. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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  • Major Findings

    • Increasing number of partnerships and collaborations
    • Campaign and advertisement for clean earth
    • Several threats associated with plastic recycling
    • Absence of essential framework for collection and segregation of waste
  • Growth Projections

The market size is estimated to grow by USD 21.1 billion, at a CAGR of 5.95% during the forecast period. Growing electric waste recycling demand | Growing awareness about recycling waste | Increasing volume of plastic waste

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  • Regional Insights

The Waste Recycling Services Market encompasses the provision of solutions for the collection, processing, and conversion of waste materials into new products. This sector is essential for reducing landfill usage, minimizing environmental impact, and generating revenue through the sale of recycled goods. Market growth is driven by increasing environmental regulations, consumer awareness, and advancements in recycling technologies. Companies in this space offer a range of services, including curbside pickup, drop-off centers, and industrial recycling solutions. Successful players prioritize innovation, sustainability, and efficient operations to remain competitive.

Research Analysis Overview

The Waste Recycling Services Market plays a crucial role in preserving the environment by recovering valuable resources from waste, including Fencing posts, Trays, Insulators, Metal, Plastic, and more. This market is essential for managing the growing volume of electronic waste (e-waste), which contains harmful toxins like Mercury and other harmful substances. However, the informal sector often engages in haphazard dumping and dismantling of e-waste, posing risks to workers' health and the environment. These informal processors may not follow safe treatment methods, leading to contamination and diseases. Consumers have a significant role to play in reducing the volume of e-waste. They can dispose of their old mobile devices and tech products through authorized channels instead of disposing of them haphazardly. Saahas Zero Waste, for instance, is a leading waste management recycling company that provides e-waste disposal services. Planned obsolescence, a business strategy that encourages the purchase of new products by making older ones obsolete, contributes to the growing e-waste problem. It is essential to promote the circular economy and encourage the reuse and recycling of tech products to reduce the environmental impact and protect human health and nature. In conclusion, the Waste Recycling Services Market is a vital component of the circular economy, promoting the recovery and recycling of valuable resources while minimizing harm to human health and the environment. It is crucial to follow safe and authorized disposal methods to prevent contamination and diseases caused by haphazard dumping and informal processing of e-waste.

About Technavio                                                                        

Technavio is a global market research company offering comprehensive reports and insights on various industries. Our research helps businesses make informed decisions by providing actionable data and trends. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions. Technavio is one of the most influential market research and advisory firms in the world. We work with business and technology leaders to provide cutting-edge market research and insights to companies. 

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Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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