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How Has the Waste Management And Recovery Services Market Size Changed, over the years?

The market for waste management and recovery services has seen a notable increase in size in previous years. The market is poised to expand from $185.31 billion in 2024 to a scale of $194.81 billion in 2025, connoting a compound annual growth rate (CAGR) of 5.1%. The growth observed in the historical context is due to factors like regulatory policies, increased environmental consciousness, a transition towards a circular economy, and apprehensions about resource scarcity.

How Much Will the Waste Management And Recovery Services Market Be Worth in 2029?

The market for waste management and restorative services is predicted to experience robust growth in the coming years, escalating to a worth of $243.48 billion by 2029, with a 5.7% compound annual growth rate (CAGR). The anticipated growth during the prediction period is related to the introduction of innovative business models, the shift towards eco-friendly practices, investments in infrastructural developments, urban and demographic growth, and heightened environmental consciousness. The forecast period will also see significant trends such as the adoption of energy-from-waste solutions, an increased focus on recycling technologies, the spread of the circular economy models, the implementation of intelligent waste management solutions, and the rise of bio-based and biodegradable materials.

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Which is the Largest Company in the Waste Management And Recovery Services Market?

Major companies operating in the waste management and recovery services market include Suez Environment SA, Veolia Environment SA, Republic Services Inc., Biffa plc, Clean Harbors Inc., Daiseki Co. Ltd., Hitachi Zosen Corporation, Remondis Se & Co. KG, Waste Management Inc., Casella Waste Systems Inc., Cleanaway Waste Management Limited, FCC Environment Ltd., GFL Environmental Inc., GreenWaste Recovery Inc., IQR Solutions AB, Meridian Waste Solutions Inc., Recology Inc., Rumpke Consolidated Companies Inc., Stericycle Inc., Waste Connections Inc., Waste Pro USA Inc.

What Are the Main Market Drivers in the Waste Management And Recovery Services Industry?

The surge in urbanization is anticipated to fuel the expansion of the waste management and recovery services market. Urbanization pertains to the significant population migration from rural to urban regions, leading to considerable physical transformations in urban territories. This leads to the generation of waste, which poses health risks and damages the urban environment. Waste management endeavors to minimize and eliminate waste created by urbanization, aiming to uphold a more wholesome and cleaner environment. For example, The World Bank, an international financial institution based in the US, predicted in October 2022 that the global urban populace would escalate from 4.4 billion in 2022 to 6 billion by 2045, an approximate increase of 1.6 times the current urban population. Consequently, the upswing in urbanization is propelling the growth of the waste management and recovery services market.

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How Is the Waste Management And Recovery Services Market Segments Structured?

The waste management and recovery services market covered in this report is segmented –

1) By Service Type: Collection, Open Dumping, Incineration Or Combustion, Landfill, Recycling

2) By Waste Type: Hazardous Waste, E-Waste, Municipal Waste, Plastic Waste, Industrial Waste, Other Waste

3) By End User: Residential, Commercial, Industrial

Subsegments:

1) By Collection: Residential Collection, Commercial Collection, Industrial Collection, Hazardous Waste Collection

2) By Open Dumping: Unregulated Dump Sites, Regulated Dump Sites

3) By Incineration Or Combustion: Waste-To-Energy Incineration, Hazardous Waste Incineration

4) By Landfill: Municipal Solid Waste Landfill, Hazardous Waste Landfill, Sanitary Landfill

5) By Recycling: Curbside Recycling, Drop-Off Recycling, Industrial Recycling, E-Waste Recycling

What are the Emerging Market Trends Driving the Growth of the Waste Management And Recovery Services Industry?

A significant trend gaining traction in the waste management and recovery services market is the innovation in waste handling procedures. The primary companies in this market are seeking to establish a robust position by creating novel products. A prime example of this is the collaboration between Casella Waste Systems, Inc. and TerraCycle, two US-based waste management companies, in October 2022. They introduced a pioneering home recycling pilot, TerraCycle Pouch, designed specifically for tough-to-recycle items. The initiative allows consumers to keep waste away from landfill sites, involve their communities, and receive rewards for their endeavors. The principal goal is to recycle over 20 challenging-to-recycle materials, while also providing supplementary services.

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Which Global Regions Offer the Highest Growth in the Waste Management And Recovery Services Market?

North America was the largest region in the waste management and recovery services market in 2024. The regions covered in the waste management and recovery services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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This Report Delivers Insight On:

1. How big is the waste management and recovery services market, and how is it changing globally?

2. Who are the major companies in the waste management and recovery services market, and how are they performing?

3. What are the key opportunities and risks in the waste management and recovery services market right now?

4. Which products or customer segments are growing the most in the waste management and recovery services market?

5. What factors are helping or slowing down the growth of the waste management and recovery services market?

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