Waste Recycling Management Market Share, Size Analysis Report 2025

Waste Recycling Management Market Share, Size Analysis Report 2025
Waste Recycling Management Market: Introduction
The waste recycling management is an activity that includes garbage collection, transportation,
treatment and dumping of the waste under the guidelines of the local or national authorities.
According to the World Bank, in 2012 solid waste generated by the cities worldwide accounted
for 1.3 billion tons. In addition, the estimates by the World Bank anticipates that the municipal
waste generation would rise to 2.2 billion tons by 2025, which would result in significant impact
to the waste recycling management market size.
Growing Initiatives
Several local authorities are taking initiatives to handle the trash and promoting to bring the
trash for recycling at a global level. For instance, ‘Don’t bin it, bring it’ campaign is run by the
local authorities in England. Similarly, Zero Waste Scotland is another initiative to promote
recycling. These campaigns would spot a light on recycling of waste and would play a significant
growth factor in the waste recycling management market size.
No landfill initiative is on a rise at global level. This initiative facilitates to avoid the disposal of
waste in open grounds, and focusing on recycling waste to energy. For instance, Subaru in the
U.S. has adopted the policy of zero land fill thereby, becoming America’s first automaker
company who recycle all waste and then reuse it.
IoT garbage monitoring system / smart bins
Internet of things garbage monitoring system is technology driven bins that facilitates the easy
handling of the municipal waste. The technology is helping to cut down time and fuel cost by
tracking the waste level collected in the bin on frequent basis. The bins are connected to the
apps or sensors that alerts about the bins to the near municipal office through automatic email
generations. Moreover, this technology helps in identifying the waste type and helps in
discarding accordingly. The waste type comprises of electronics waste, plastic waste and wet
waste among others. The adopting nations includes India, the U.K.and the U.S. among others.
For instance, the U.S. based company Bigbelly offers the smart waste and recycling solutions for
the public places. Bigbelly’s smart bins are connected to cloud and web-based platforms that
provides real time insights from the bin. These are equipped with sensors and are solar
powered. It is smarter way to manage and crush the garbage that makes bin spacious to fill
more trash. These IoT bins are the key driver of waste recycling management market size.
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Ban on importation of trash
China, the world’s largest importer of the recyclable trash has developed a policy on January,
2018 to ban the imports 24 types of solid wastes including unsorted paper products, recycled
textile products and polyethylene terephthalate among others. The country is also actively
suspending the license of recycling companies on temporary basis owing to reduce the level of
trash pollution in the nation. However, the policy institutes the acceptance of 0.5% of the
contaminated scrap in the trash trade. Therefore, such restrictions has largely affected the
waste recycling management market.
Market Segmentation: By Waste Type
The waste recycling management market share is bifurcated into municipal waste and industrial
waste. It is anticipated that the municipal waste would predominant in the market over the
forecast period, attributed to the excessive waste generation by households at global level.
According to the organization for economic co-operation and development, the estimated
generation of household waste in 2016 was 673,200 thousand tons (including economies that
are member of OECD), which includes both hazardous and non-hazardous waste. The
estimation is expected to rise substantially over the projected period, therefore, anticipated to
provide significant share in the waste recycling management market.
Market Segmentation: By End use Industry
On the basis of end use, the waste recycling management market share is segmented into
automotive, chemical, Agriculture & Forestry, Textile, Power & Energy, Construction.
Automotive industry is anticipated to have major share in the waste recycling management
market. According to the Automotive Recyclers Association in collaboration with Institute of
Scrap Recycling Industries, Inc, it has been estimated that the industry collects and reuses
about 24 million gallons of motor oil, over 100 million gallons gasoline and diesel fuel, 4.5
million gallons of windshield washer fluid, 8 million gallons of engine coolant, and 96% of all
lead acid battery annually in the U.S. The industry recycles and uses steel at the rate of
approximately 18 million tons every year from end of life vehicles (ELV). Thus, contributing a
substantial share in the waste recycling management market.
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Regional Analysis
Asia Pacific market is anticipated to be fastest growing region over the forecast in the waste
recycling management market share. Despite the declined contribution from Chinese economy
owing to ban on foreign trash, the established economies such as the U.S. and the U.K. and
other European Union nations are seeking for the new dumping grounds in the Asia Pacific
region. For instance, Thailand is becoming traction for dumping e-waste for recycling from the
economies including Singapore, Japan, Hong Kong and several others. Such factors are further
expected to drive the market in this region.
Competitive Landscape
The prominent players in the waste recycling management market includes both technology
and service providers. Service providers companies includes Henkel Corporations, Biffa groups,
Amec Foster Wheeler, Excel Energy and Sims Metal Management and several others. On the
other hand, technology provider companies comprises of Bigbelly, Green Conversion Systems,
Green Eco Technologies among others.
Companies across the globe are targeted towards the launch of new technologies to reduce
and to crush the waste. For instance, Green Eco Technologies developed WasteMaster. This
product ensures the reduction of 80% of the weight and volume of the food waste. The
company will be showcasing the product at RWM 2018 which will held in Birmingham on
12thand 13th September, 2018.
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Waste Recycling Management Market By Waste Type (Municipal Waste, Industrial Waste), By End-Use Industry (Automotive, Chemical, Agriculture & Forestry, Textile, Power & Energy, Construction) - Global Industry Insights, Trends And Forecast (2017 - 2025)