Tuesday, 02 January 2024 12:17 GMT

Waste Recycling Services Market Size Worth USD 100.90 Billion By 2032, Driven By Industrial Waste Management Needs SNS Insider


(MENAFN- GlobeNewsWire - Nasdaq) The U.S. dominates North America's waste recycling services market share of about 80%, with a market size valued at USD 13.8 billion in 2024 and projected to reach a value of USD 21.92 billion by 2032

Austin, Aug. 28, 2025 (GLOBE NEWSWIRE) -- Waste Recycling Services Market Size & Growth Insights:

According to the SNS Insider,“The Waste Recycling Services Market Size was valued at USD 65.00 billion in 2024 and is expected to reach USD 100.90 billion by 2032, growing at a CAGR of 5.66% over the forecast period of 2025-2032.”

Growing Global Focus on Sustainable Waste Management and Circular Economy Practices

The Waste Recycling Services Market is gaining momentum as industries and governments emphasize sustainable waste management and circular economy practices. Rising industrial waste generation, coupled with stricter environmental regulations, is encouraging companies to adopt efficient recycling solutions. Initiatives like the U.S. Environmental Protection Agency's National Recycling Strategy and efforts to reduce chemical waste showcase strong regulatory support. With Asia Pacific leading in implementation and innovative recycling infrastructure, worldwide policies and corporate sustainability programs are driving enhanced adoption of waste recycling services, reflecting a clear shift toward environmentally responsible practices.

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The U.S. Waste Recycling Services Market is experiencing significant growth, driven by stringent environmental regulations, increasing industrial waste, and a shift towards sustainable practices. The EPA's 2021 National Recycling Strategy aims to enhance recycling systems, reflecting the government's commitment to improving waste management. Corporate initiatives and consumer demand for eco-friendly products further propel the market's expansion.

Leading Market Players with their Product Listed in this Report are:

  • Waste Management Inc.
  • Veolia Environnement S.A.
  • Republic Services Inc.
  • SUEZ
  • Remondis SE & Co. KG
  • Stericycle Inc.
  • Clean Harbors Inc.
  • Covanta Holding Corporation
  • Biffa plc
  • Waste Connections Inc.
  • GFL Environmental Inc.
  • FCC Environment Ltd
  • Paprec Group
  • Renewi plc
  • Recology Inc.
  • Sims Limited
  • Li-Cycle Holdings Corp.
  • Northstar Recycling Company LLC
  • Eurokey Recycling Ltd
  • Rubicon Global LLC.

Waste Recycling Services Market Report Scope:

Report Attributes Details
Market Size in 2024 USD 65.00 billion
Market Size by 2032 USD 100.90 billion
CAGR CAGR of 5.66% From 2025 to 2032
Report Scope & Coverage Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segmentation .By Source (Residential, Commercial, Industrial, Others)
.By Material Type (Paper & Paperboard, Metals, Plastics, Glass, Food, Bulbs, Batteries & Electronics, Yard Trimmings, Others)
.By Recycling Process (Mechanical Recycling, Chemical / Advanced Recycling, Biological (Composting/Anaerobic Digestion), Thermal (Pyrolysis, Gasification), Others)
.By End-User Industry (Packaging, Automotive & Transportation, Electrical & Electronics, Food & Beverage, Construction, Retail, Others)

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Key Industry Segmentation

By Source, the Industrial dominated the Waste Recycling Services Market in 2024, with a 43.50% Market Share.

The dominance is due to the massive volume of waste produced by industries such as chemicals, plastics, and metals. Manufacturing facilities are increasingly adopting recycling practices to comply with stringent environmental norms, cut operational costs, and improve sustainability performance. Government initiatives, particularly those by the U.S. Environmental Protection Agency, have encouraged industries to set up structured recycling programs. These efforts not only address waste management challenges but also strengthen corporate responsibility, making the industrial sector a key contributor to recycling services.

By End-User Industry , the Packaging dominated the Waste Recycling Services Market in 2024, with a 32.10% Market Share.

The dominance is due to the extensive use of packaging materials, especially plastics and paper, which require recycling for sustainability goals. Growing consumer demand for eco-friendly products and stricter global regulations on single-use plastics have pushed companies to embrace recyclable packaging solutions. Major corporations are redesigning product packaging to meet environmental standards and reduce their waste footprint. This segment's leadership reflects the rising importance of circular economy practices, where packaging waste is increasingly reused, repurposed, and recycled to minimize environmental impact.

By Region, Asia Pacific dominated the Waste Recycling Services Market in 2024, Holding A 43.80% Market Share.

The dominance is due to rapid industrialization, urbanization, and government-backed initiatives promoting recycling across key countries. China has implemented strict waste import bans and invested heavily in domestic recycling infrastructure, while Japan leads with advanced recycling technologies and efficient collection systems. Expanding population and urban lifestyles generate substantial waste, driving the demand for recycling services. Furthermore, strong policy frameworks and rising public awareness about environmental sustainability are encouraging industries and municipalities to adopt structured recycling practices, consolidating Asia Pacific's leading role globally.

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USPs of the Waste Recycling Services Market

  • RECYCLING RATES BY MATERIAL TYPE: Provide data on recycling rates for various materials such as paper, plastics, metals, and glass.
  • REGIONAL RECYCLING PERFORMANCE: Analyze recycling performance across different regions and identify leaders and laggards.
  • IMPACT OF RECYCLING ON CARBON EMISSIONS: Quantify the reduction in carbon emissions due to recycling activities.
  • ECONOMIC VALUE OF RECYCLED MATERIALS: Assess the economic value generated from recycled materials in various industries.
  • CONSUMER PARTICIPATION RATES: Measure consumer participation rates in recycling programs and their impact on overall recycling success.
  • COST-BENEFIT ANALYSIS OF RECYCLING PROGRAMS: Conduct a cost-benefit analysis to demonstrate the financial advantages of recycling initiatives.
  • TECHNOLOGICAL ADOPTION IN RECYCLING: Track the adoption rates of new technologies in the recycling industry and their effectiveness.

Recent Developments

  • In April 2024, Veolia unveiled its GreenUp growth plan (2024–2027), committing multi-billion-euro investments into decarbonization, plastics recycling, battery recycling pilots, and hazardous waste treatment. The plan emphasizes scaling plastics recovery, lithium-ion battery recycling pilots, and industrial circularity to capture higher margin recovery services.
  • In March 2025, Republic Services and Blue Polymers inaugurated a plastics recycling complex in Indianapolis (Polymer Center + Blue Polymers resin plant), expanding capacity to convert sorted plastics into drop-in recycled resins for packaging customers, a clear push into downstream resin production and supply-chain integration.

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