Global market value of waste recycling 2017-2024

As the trends for recycling and reusing experiences an upward tick, the market is expected to continue growing. In 2017, this market was valued at about 265 billion U.S. dollars. By the year 2024, the market is expected to grow to about 377 billion U.S. dollars. There are various kinds of recycling methods for different material types. Plastic bottles have recently gained a lot of media attention for their impacts on the environment.

Global plastics recycling

Plastic bottles that are not properly recycled are a major problem for both human health and the environment. Plastic bottles are damaging to human health in that they contain BPA, a toxic chemical. Environmentally, bottle production utilizes precious fossil fuels and requires a large amount of water to recycle. Among select countries globally, Germany has one of the highest rates of PET bottle recycling. Recent data suggests that up to 97 percent of bottles are being recycled in Germany . Globally, the plastic recycling market is expected to grow dramatically by 2024.

U.S. plastics recycling

Despite being a major issue in environmental health, within the U.S. just 29.9 percent of PET bottles and jars are recycled. Likewise, data indicates that the number of bottles collected for recycling in the U.S. was significantly less than the number bottles that were available for purchase. Despite the low percentage of bottles being recycled, the number of bottles being recycled has increased significantly in the last 20 years.

Size of the waste recycling services market worldwide in 2017 and 2024

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Source

Release date

January 2019

Region

Worldwide

Survey time period

2017

Supplementary notes

* Figure was projected based on a CAGR of about 6.1 percent between 2018 and 2024.

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Statistics on "Recycling and recovery in Italy"

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