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The Europe - Industrial Waste Recycling and Services Market size is estimated to grow at a CAGR of 7.09% between 2023 and 2028. The market size is forecast to increase by USD 10.12 billion. The growth of the market depends on several factors, such as the growing volume of industrial waste, the growing investments in smart waste recycling, and the increasing use of data analytics in waste management operations.
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.
Europe Industrial Waste Recycling and Services Market Forecast 2024-2028
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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. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
One of the key factors driving the Europe industrial waste recycling and services market growth is the growing investments in smart waste 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 waste recycling systems and solutions. In addition, smart waste management solutions optimize waste collection operations and enable the effective utilization of resources. Hence, such factors are positively impacting the Europe - industrial waste recycling and services market. Therefore, it is expected to drive the Europe industrial waste recycling and services 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 waste 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. Hence, such factors are positively impacting the Europe - industrial waste recycling and services market. Therefore, it is expected to drive the Europe industrial waste recycling and services market growth during the forecast period.
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 Europe industrial waste recycling and services market growth during the forecast period.
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 industrial waste recycling and services 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, construction waste 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 waste 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 Europe industrial waste recycling and services 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 of waste. Moreover, in collection service, waste is disposed of in trash bins. The process involves a local garbage collection company collecting the waste 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 waste management solutions for managing and collecting waste. Hence, such factors are fuelling the growth of this segment which in turn drives the Europe industrial waste recycling and services 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 Europe industrial waste recycling and services market report forecasts market growth and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
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 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 forecast period. |
Customization purview |
If our 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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