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Europe Waste Recycling Services Market Segmentation by Product (Plastics, Paper & Paperboard, Metals, Food, Glass, Electronic Waste, and Others); by End User (Industrial, Municipal, and Others) – Demand Analysis & Opportunity Outlook 2030

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Extensive insights into the Growth of Waste Recycling Services Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • October 23, 2019: REMONDIS and Neste announced a partnership for the development of chemical recycling of plastic waste, with a target of reaching an annual capacity to process more than 200 kilotons of plastic waste. The companies aim to build an ecosystem to enable other companies to join the initiative and accompany them in mechanical recycling.

Europe Waste Recycling Services Market Highlights 2022 – 2030

The Europe waste recycling services market is estimated to garner a sizeable revenue and grow at a CAGR of ~6% over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the increasing consciousness among industries and consumers regarding the benefits of recycling wastes, and rapid surge in waste generation. According to the European Commission, in 2018, 5.2 tons of waste were generated per European Union inhabitant. Out of this, 38.5% waste were landfilled and 37.9% were recycled. Along with these, the waste recycling companies in Europe are investing heavily in plastic chemical recycling since the last few years. Manufacturers are expected to adopt advanced technologies to convert low quality plastic waste to brand new plastic products, which in turn is predicted to drive market growth in the upcoming years. Furthermore, increasing number of users who are connected to centralized wastewater treatment systems is projected to offer lucrative opportunities to the market growth in the near future.

Europe Waste Recycling Services Market Graph

The market is segmented by product into plastics, paper & paperboard, metals, food, glass, electronic waste, and others, out of which, the paper & paperboard segment is anticipated to hold the largest share in the Europe waste recycling services market on account of the high consumption of pulp and paper, and growing paper waste recycling in the region. Along with this, the plastics segment is expected to witness the highest segment growth over the forecast period, which can be credited to the large volume of plastic waste in Europe. Another report by the European Commission depicts, from 2008 to 2018, paper and cardboard were the major packaging waste material in the EU amounting to 31.8 million tons of waste in 2018, followed by plastic which accounted for 14.8 million tons of waste in the same year.  Additionally, on the basis of end user, the industrial segment is predicted to gather the largest share in the coming years ascribing to the high recycling potential of waste generated from construction, manufacturing, mining and quarrying. CLICK TO DOWNLOAD SAMPLE REPORT

Major Macro-Economic Indicators Impacting the Market Growth

Electricity Consumption Graph

In 2018, the world’s total energy supply was 14282 Mtoe, wherein the highest share in terms of source was captured by oil, accounting for 31.6%, followed by coal (26.9%), natural gas (22.8%), biofuels and waste (9.3%), nuclear (4.9%), hydro (2.5%), and other (2.0%). Where there was an increase in energy demand in 2018, the year 2019 witnessed slow growth as the energy efficiency improved owing to decline in the demand for cooling and heating. However, in 2020, the electricity demand decreased by 2.5% in the first quarter of 2020 due to the outbreak of Coronavirus resulting in government-imposed shutdowns in order to limit the spread of the virus, which was further followed by shutdown of numerous business operations impacting their growth. This also resulted in decline of 5.8% in the worldwide CO2 emissions which was recorded to be five times larger than the one recorded during the global financial crisis in 2009. However, in 2021, the demand for oil, gas and coal is estimated to witness growth, which is further projected to create opportunities for market growth. Moreover, rising environment degradation and awareness related to climate change is motivating many key players to employ sustainable energy strategies and invest significantly in environment-friendly power generation technologies with an aim to promote sustainable development among various nations around the world. Such factors are anticipated to promote the growth of the market in upcoming years.

Europe Waste Recycling Services Market Regional Synopsis

On the basis of geographical analysis, the Europe waste recycling services market is segmented into U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, and the rest of Europe. The market in Germany is estimated to witness noteworthy growth over the forecast period on the back of stringent government regulations associated with waste disposal and imposition of ban on landfill of waste. Apart from these, presence of well-established recycling facilities is also expected to expand the market in this region. As per the European Environment Agency, 68% of municipal waste was recycled in Germany in 2017. Along with this, more than 70% of packaging waste was also recycled in the country during that year. Additionally, increasing awareness for converting waste-to-energy in the country is also expected to contribute to the market growth. Moreover, the market in the United Kingdom is anticipated to acquire the largest market share during the forecast period owing to the large generation of commercial and industrial waste in the country, coupled with increasing number of government initiatives to reduce waste and develop massive quantities of sustainable products.

Market Segmentation

Our in-depth analysis of the Europe waste recycling services market includes the following segments:

By Product

  • Plastics
  • Paper & Paperboard
  • Metals
  • Food
  • Glass
  • Electronic Waste
  • Others

By End User

  • Industrial
  • Municipal
  • Others

Growth Drivers

  • Growing Consciousness Regarding the Benefits of Waste Recycling
  • Increasing Amount of Waste Generated

Challenges

  • Improper Maintenance of Quality Standards during Waste Management

Top Featured Companies Dominating the Market

  • Waste Management, Inc.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • REMONDIS SE & Co. KG
  • SCHOLZ RECYCLING GMBH
  • Norsk Gjenvinning Norge AS
  • Sims Lifecycle Services, Inc.
  • Hansen Recycling Industry A/S
  • EUROKEY RECYCLING GROUP
  • Sims Metal Management Limited
  • Paprec Group
  • Marius Pedersen a.s.

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