The global waste recycling services market was valued at an estimated 58 billion U.S. dollars in 2022. The market is expected to grow considerably in the coming years as consumer awareness about the environmental impacts of waste increases. By 2032, the global waste recycling services market is forecast to have surpassed a value of 90 billion U.S. dollars, registering a CAGR of 4.7 percent during the forecast period 2023 to 2032.
Recycling rates worldwide
Recycling rates vary greatly around the world. Germany has one of the highest recycling rates of municipal waste at almost 50 percent. In comparison, the recycling rate in the U.S. is below 25 percent and has seen little progress over the past decade. Price is often a factor in low recycling rates, as it is often cheaper to produce new products from raw materials than recycled materials.
The rising plastics waste issue
While many materials can be recycled, it is plastic waste that has come into significant media attention in recent years. The images of plastic waste polluting marine environments have increased consumer demand for improved recycling worldwide. Since the 1950s, annual plastic production across the globe has increased dramatically. However, just a small amount of this has ever been recycled.
Market value of waste recycling services worldwide in 2022, with a forecast to 2032
(in billion U.S. dollars)
Characteristic
Market value in billion U.S. dollars
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Exclusive Premium Statistic
To access all Premium Statistics, you need a paid Statista Account
* Estimate
Figures for the forecast period from 2023 to 2032 were based on a CAGR of 4.7 percent.
The source does not provide a release date. The date given is the date of website access.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Precedence Research. (October 24, 2023). Market value of waste recycling services worldwide in 2022, with a forecast to 2032 (in billion U.S. dollars) [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/239662/size-of-the-global-recycling-market/
Precedence Research. "Market value of waste recycling services worldwide in 2022, with a forecast to 2032 (in billion U.S. dollars)." Chart. October 24, 2023. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/239662/size-of-the-global-recycling-market/
Precedence Research. (2023). Market value of waste recycling services worldwide in 2022, with a forecast to 2032 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/239662/size-of-the-global-recycling-market/
Precedence Research. "Market Value of Waste Recycling Services Worldwide in 2022, with a Forecast to 2032 (in Billion U.S. Dollars)." Statista, Statista Inc., 24 Oct 2023, https://www.statista.com/statistics/239662/size-of-the-global-recycling-market/
Precedence Research, Market value of waste recycling services worldwide in 2022, with a forecast to 2032 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/239662/size-of-the-global-recycling-market/ (last visited September 01, 2024)
Market value of waste recycling services worldwide in 2022, with a forecast to 2032 (in billion U.S. dollars) [Graph], Precedence Research, October 24, 2023. [Online]. Available: https://www.statista.com/statistics/239662/size-of-the-global-recycling-market/