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Rising urbanisation is likely to spur innovation in waste management and recovery service production, propelling the market during the forecast period.

The global waste management and recovery services market is expected to grow from $169.28 billion in 2022 to $180.63 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The market size is expected to reach $216.44 billion in 2027 at a CAGR of 4.6%.

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Global Waste Management And Recovery Services Market Segments Include:

• By Service Type: Collection, Open Dumping, Incineration/Combustion, Landfill, Recycling
• By Waste Type: Hazardous Waste, E-waste, Municipal Waste, Plastic Waste, Industrial Waste, Other Waste
• By End User: Residential, Commercial, Industrial
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global waste management and recovery services market in 2021.

Major Market Players in the waste management and recovery services market include Suez Environment S.A., Advanced Disposal Services, Veolia Environment S.A, Republic Services Inc., Covanta, Remondis AG & Co. Kg, Biffa Group.

Waste management innovations are a prominent trend that is gaining traction in the waste management and recovery services market. Major garbage management and recovery service providers are focusing on developing novel goods to increase their market position. For example, Casella trash Systems, Inc., a US-based trash management firm, in collaboration with TerraCycle, a US-based waste management company, developed an innovative home recycling pilot, TerraCycle Pouch for hard-to-recycle products, in October 2022. This allows customers to remove garbage from landfills, interact with their communities, and be rewarded for their efforts. The primary goal is to recycle more than 20 difficult-to-recycle products while also providing additional services.

The Waste Management And Recovery Services Global Market Report 2023 provides a waste management and recovery services market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The waste management and recovery services market forecast analyzes waste management and recovery services market size, waste management and recovery services market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Waste management and recovery services include everything from waste collection to recycling and monitoring. Recovery services are those services involved in the use of trash as an input material to create value items as new outputs.

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