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The Europe Industrial Waste Recycling and Services Market size is estimated to increase by USD 10.12 billion and grow at a CAGR of 7.09% between 2023 and 2028. The sector is undergoing significant transformation, propelled by the escalating volume of industrial waste and the increasing focus on smart waste recycling through substantial investments. The integration of data analytics in operations is enhancing efficiency and driving market growth. However, challenges persist, including the complexity and the necessity for advanced infrastructure, particularly in rural areas. The implementation of smart waste management solutions faces hurdles due to high associated costs. Overcoming these challenges requires innovative approaches and collaboration between public and private sectors. By leveraging technology and adopting sustainable practices, the industry can mitigate environmental impact while optimizing resource utilization, paving the way for a more efficient and sustainable future.
Market Forecast 2024-2028
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This report extensively covers market segmentation by type (construction waste, mining and quarrying waste, manufacturing waste, and energy waste), and service type (collection service, recycling service, incineration service, and landfill service). It also includes an in-depth analysis of drivers, trends, and challenges.
The construction waste segment is estimated to witness significant growth during the forecast period. Construction waste recycling and services contribute a significant share of the market in Europe. Factors such as the strong presence of the construction industry in the region. In addition, the recycling rate of construction waste from construction and demolition is high in EU countries.
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The construction waste segment was the largest segment and was valued at USD 9.22 billion in 2018. Moreover, countries such as Germany, France, and Italy have largely adopted recycling, incineration, and landfilling operations for the treatment of non-hazardous construction waste. In addition, it is a significant environmental concern due to its volume and potential impact. Furthermore, the management of construction waste is critical for sustainability and resource conservation. In addition, construction recycling refers to the utilization of materials from demolished construction sites in civil engineering projects. A majority of these materials are used as base materials in road construction. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
Based on service type, the segment is classified into collection service, recycling service, incineration service, and landfill service. The main advantage of the collection service segment is that it helps in the efficient collection and disposal. Moreover, in collection service, waste is disposed of in trash bins. The process involves a local garbage collection company collecting and bringing it to the garbage depot and then the garbage depot sorts the waste material and transfers it for further processing. Furthermore, various market players are partnering with technology providers to integrate smart management solutions for managing and collecting waste. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
Efficient industrial waste management is crucial to mitigate hazardous effects on the environment, especially amid rapid industrialization and growing population. Hazardous substances like arsenic, cadmium, and mercury necessitate responsible disposal practices across sectors, from construction and demolition waste to manufacturing, agricultural, chemical, mining, oil and gas, and nuclear waste. The waste management market is evolving towards environmental sustainability with innovations such as smart waste bins, waste level sensors, and AI recycling robots, alongside renewable energy solutions. Addressing challenges like illegal dumping, efficient transportation, and optimizing recycling processes is crucial to reduce reliance on landfills and promote responsible extraction of resources in both residential and commercial sectors.Our researchers studied the data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market.
One of the key factors driving the market growth is the growing investments in smart recycling. Recycling can be referred to as the process of converting used materials (waste) into new useful products. The main advantage of this process is that it prevents the waste of potentially useful materials and reduces the consumption of fresh raw materials.
Moreover, it results in the reduction of energy consumption, air pollution, and water pollution. As a result, manufacturers across the world are implementing smart recycling systems and solutions. In addition, smart management solutions optimize collection operations and enable the effective utilization of resources. Hence, such factors are positively impacting the market. Therefore, it is expected to drive the market growth during the forecast period.
A circular economy is classified by a fundamental departure from the traditional linear take-make-dispose model of production and consumption. In this new model, products, materials, and resources are continuously reused, repurposed, and recycled in order to extend their lifecycle while waste generation and environmental impact are minimized. One of the significant factors fuelling this is the mounting awareness of the unsustainable resource consumption and production associated with the linear economy.
Moreover, this shift is fueled by growing concerns about resource scarcity, climate change, and environmental degradation, all of which have prompted governments, businesses, and consumers to reevaluate their approach to production and consumption. For instance, the European Union has taken a leading role in advancing the circular economy. It has set forth ambitious goals through its Circular Economy Action Plan, which includes targets to increase recycling rates, reduce single-use plastics, and promote eco-design practices. Overhead conveyor systems play a crucial role in facilitating efficient material handling and logistics within this framework, supporting initiatives aimed at sustainability and waste reduction.
Waste management solutions comprise waste collection, disposal, and recycling. In this process, trash is collected from trash bins by the trucks of private companies or municipalities and sent to temporary collection centers. In addition, sensors integrated into trash bins send signals to the readers integrated into the trucks that collect trash. However, the ineffective deployment of sensors may lead to wrong information being sent to truck drivers.
For example, at the time of collection, some trash bins may be overfilled, while others may be underfilled. Furthermore, if the trash has been deposited unevenly in one part of the bin, sensors may read the bin as full and send the same information. Hence, such factors are negatively impacting the market. Therefore, it is expected to hinder the market growth during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Biffa Plc: The company offers industrial waste recycling and services such as landfill estate for waste recycling.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
ALBA Group Plc and Co. KG, Cox Energy S.A.B., FCC SA, Fortum Oyj, Geocycle, HJHansen CVR, Kuusakoski Oy, Marius Pedersen a.s., Norsk Gjenvinning Norge AS, Paprec Group, Ragn-Sells Group, Reconomy, Recycling Lives Ltd., Remondis SE, and Co. KG, Scholz Recycling GmbH, Sims Ltd., SUEZ SA, Tomra Systems ASA, and Veolia Environnement SA.
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2023 for the following segments
The market in Europe is witnessing significant growth amidst concerns over the hazardous effects of industrial waste on the environment. With rapid industrialization and a burgeoning population, the need for effective waste management solutions has become paramount. Hazardous substances such as arsenic, cadmium, and mercury pose serious threats, highlighting the importance of managing solid, liquid, and gaseous waste responsibly. Technical expertise and adherence to government norms are crucial in addressing environmental pollution and ensuring safety. From thermal power plant waste to solid waste, non hazardous waste, e waste, construction and demolition waste, agricultural waste and nuclear waste, the market embraces diverse waste streams, driving innovation in waste-to-energy and recycling processes. Sustainable practices, including smart waste bins, AI recycling robots, and renewable energy solutions, are key to achieving environmental sustainability and reducing reliance on landfills. Efforts to combat illegal dumping and promote responsible waste management across residential and commercial sectors underscore Europe's commitment to a cleaner, greener future.
Efficient management of various waste types is critical for environmental sustainability. From solid and liquid waste to non-hazardous, innovative solutions like waste-to-energy and responsible handling of construction, agricultural, and chemical waste are vital. As industries grapple with challenges posed by mining waste and incineration, emphasis on sustainable waste management practices is paramount to mitigate environmental impact and foster a cleaner, greener future. The market is crucial for handling various waste types, including solid, liquid, and hazardous waste. With the rise of the nuclear industry and the increase in chemical, mining, and oil and gas waste, effective management of industrial waste has become imperative. Innovations such as waste-to-energy solutions and decomposition technologies are transforming the sector, while transportation and extraction play pivotal roles in waste disposal. However, challenges like open dumping and incineration remain prevalent, underscoring the need for sustainable practices. The industrial waste management market continues to evolve, driven by advancements in waste level sensors and a growing emphasis on environmental sustainability and regulatory compliance.
Europe Industrial Waste Recycling And Services Market Scope |
|
Report Coverage |
Details |
Page number |
165 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.09% |
Market Growth 2024-2028 |
USD 10.12 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
6.13 |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
ALBA Group Plc and Co. KG, Biffa Plc, Cox Energy S.A.B., FCC SA, Fortum Oyj, Geocycle, HJHansen CVR, Kuusakoski Oy, Marius Pedersen a.s., Norsk Gjenvinning Norge AS, Paprec Group, Ragn-Sells Group, Reconomy, Recycling Lives Ltd., Remondis SE and Co. KG, Scholz Recycling GmbH, Sims Ltd., SUEZ SA, Tomra Systems ASA, and Veolia Environnement SA |
Market dynamics |
Parent market analysis, market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the market forecast period. |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Service Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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