Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!

What fueled the previous growth in the waste and recycling market?

Over the past few years, the waste and recycling market has seen significant growth, and it’s set to expand from $30.7 billion in 2024 to hit $32.26 billion in 2025, with a compound annual growth rate (CAGR) of 5.1%. Factors that have contributed to this impressive growth during the historic period include rapid urbanization, increasing population, regulatory frameworks, a rising public consciousness regarding environmental concerns, as well as economic development.

What will be the waste and recycling market size in the future?

In the upcoming years, the waste and recycling market is projected to witness robust growth, with the potential to escalate to $39.7 billion by 2029 at a 5.3% Compound Annual Growth Rate (CAGR). The growth estimated for this period can be credited to a combination of factors such as circular economy initiatives, an increase in e-waste production, stricter regulatory standards, heightened consumer awareness, development in infrastructure, and urbanization. The forecast period showcases prominent trends such as integration of technology, improved data analytics, implementation of intelligent waste management systems, advancement in composting technologies, and the introduction of robotic systems.

Get your waste and recycling market report here!

https://www.thebusinessresearchcompany.com/report/waste-and-recycling-global-market-report

What main drivers are fueling expansion in the waste and recycling market?

The escalating production of electronic waste is anticipated to drive the expansion of the waste and recycling market. The concept of e-waste generation involves the production of discarded electronic devices and parts, originating from the replacement, upgrading, or disposal of such products. The fast-paced evolution of technology, which causes frequent upgrades and disposals of electronic gadgets, is the primary contributor to mounting e-waste generation. Through facilitating the appropriate disposal, recycling, and recovery of precious materials from dismissed electronic devices, waste and recycling systems manage this growing e-waste production. As an example, the United Nations Institute for Training and Research (UNITAR) – the dedicated training sector of the United Nations system based in Switzerland, reported in March 2024 that the global e-waste production touched a new high at 62 million metric tons in 2022, and is expected to surge by 32% to 82 million metric tons by 2030. Hence, the surge in e-waste generation will act as a catalyst for the expansion of the waste and recycling market.

What key areas define the segmentation of the global waste and recycling market?

The waste and recycling market covered in this report is segmented –

1) By Type: Municipal Waste, Industrial Waste, Hazardous Waste, Others

2) By Service Type: Collection, Transportation, Disposal, Others

3) By Application: Packaging And Consumer Goods, Construction, Landscaping Or Street, Other Applications

Subsegments:

1) By Municipal Waste: Household Waste, Commercial Waste, Construction and Demolition Debris, Yard Waste

2) By Industrial Waste: Manufacturing Waste, Mining Waste, Energy Production Waste, Agricultural Waste

3) By Hazardous Waste: Chemical Waste, Biomedical Waste, Electronic Waste (E-Waste), Radioactive Waste

4) By Others: Organic Waste, Recyclable Materials (e.g., paper, plastic, metals), Specialty Waste (e.g., pharmaceutical waste, bulky waste), Construction and Demolition Recyclables

Get your free sample now – explore exclusive market insights:

https://www.thebusinessresearchcompany.com/sample.aspx?id=20698&type=smp

Who are the dominant players expanding their reach in the waste and recycling market?

Major companies operating in the waste and recycling market are Veolia Environnement S.A., Waste Management Inc., Remondis SE & Co. KG, Republic Services Inc., Suez S.A., Waste Connections Inc., Clean Harbors Inc., Hitachi Zosen Corporation, Stericycle Inc., Sociedad Anónima Industrias Celulosa y Papelera de Ávila, Biffa plc, Reworld Waste LLC, Recology Inc., FCC Environment Limited, Daiseki Co. Ltd., Urbaser S.A., Phoenix Technologies International Inc., Custom Polymers Inc., Biomedical Waste Solutions LLC, Envision Plastics Industries LLC, PolyQuest Inc., Landbell Group, Verdeco Recycling LLC, Bigbelly Inc., Valicor Environmental Services Inc.

How are evolving market trends shaping waste and recycling Strategies?

Significant players in the waste and recycling market are shifting their focus towards digital transformation and automation. They are using solutions like Low-code platforms to optimize operations and obtain real-time data analysis for improved decision making and resource management. Waste recycling is made more efficient by Low-code platforms that automate and streamline operations, provide real-time insights and integrate with present systems. This enhances operational efficiency and compliance. For example, ISB Global Ltd., a software company based in the UK, debuted the Waste and Recycling One (WR1) program in the U.S. in May 2024. The WR1 program automates and standardizes waste and recycling procedures and integrates with ERP systems like SAP, resulting in a consolidated master source of data. This program operates on the OutSystems low-code platform, which increases operational efficiency, reduces expenses and supersedes old legacy systems without necessitating new software integration. In addition, it enhances compliance reporting by catering to regulatory changes and providing real-time operational insight.

Unlock exclusive market insights – purchase your research report now for a swift delivery!

https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=20698

Which regions are emerging as leaders in the waste and recycling market?

North America was the largest region in the waste and recycling market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the waste and recycling market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Browse Through More Similar Reports By The Business Research Company:

Battery Recycling Global Market Report 2025

https://www.thebusinessresearchcompany.com/report/battery-recycling-global-market-report

Metal Recycling Equipment Global Market Report 2025

https://www.thebusinessresearchcompany.com/report/metal-recycling-equipment-global-market-report

Waste Recycling Services Global Market Report 2025

https://www.thebusinessresearchcompany.com/report/waste-recycling-services-global-market-report

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at info@tbrc.info

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: