Global Waste Recycling and Circular Economy Market Outlook 2019: Revenue is Set to Increase from $354.7 Billion in 2018 to $376.9 Billion in 2019 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jul 2, 2019--
The “Global Waste Recycling and Circular Economy Market Outlook, 2019” report has been added to ResearchAndMarkets.com’s offering.
The global market revenue is set to increase from $354.7 billion in 2018 to $376.9 billion in 2019.
Innovative business models such as deposit return scheme, secondary storage of EV batteries and the retail take-back for hazardous waste management, followed by disruptive applications like recycling of lithium-ion (Li-ion) batteries without the use of chemical solvents, composite plastic separation, etc., will drive the waste recycling market in 2019.
The waste import ban imposed by several Southeast Asian countries will serve as a driver for new opportunities in countries that were previously exporting their waste. Further, the waste landfill reduction targets set by many countries will act as a critical driver for recycling and reprocessing different kinds of waste. Moreover, these recycling and landfill targets will enable many countries to invest in waste recycling technologies and solutions.
This global waste recycling and recovery market outlook study provides an overall update on the global waste recycling market in 2019, covering municipal solid waste (MSW), hazardous (industrial, construction and municipal) and industrial non-hazardous waste, waste electrical and electronic equipment (WEEE), construction & demolition (C&D) waste and plastic waste.
This study provides predictions about waste volumes, revenues and services, and also examines the latest trends that are influencing the market, along with the recycling opportunities for different waste streams. This outlook also features interesting trends that have been changing the way waste management is practiced around the world.
For instance, plastic and e-waste management are gaining traction in recent years. There has been an increase in retailers and manufacturers coordinating with customers in recycling e-waste through many innovative business models. It is predicted that the market will grow by 6.1% in 2019. E-waste management is slowly becoming an organised sector, mainly in developing countries, due to regulations and the pressure from various environmental agencies. The research predicts that Blockchain will become the future of e-waste management as it offers a sophisticated way of recording transactions.
Industrial hazardous waste management is a new segment added to this report. Around 184 million tonnes of hazardous waste was generated globally in 2018, and the total volume is expected to increase in 2019. This steady growth can be attributed to the heavy industrialisation in Southeast Asia and the Middle East. The volume of hazardous waste recycled is set to increase by 1.8%, alongside the amount of waste collected in 2019. Asia-Pacific (APAC) is set to witness good growth over the next few years due to rising awareness about the repercussions of not treating hazardous waste. Stringent regulatory enforcement in countries like Japan, South Korea and Australia will also be driving the market.
Some other trends include Internet of Things (IoT), smart recycling, smart bins, smart e-waste bins, innovative business models, use of sustainable building materials and sustainable methods of managing plastic waste and its market potential. This research study also focuses on regional trends and highlights the waste recycling market potential and trends specific to Europe, Americas, APAC, and the Middle East & Africa (MEA). It provides an in-depth analysis of the waste recycling industry and also talks about interesting trends, especially smart, a key market driver. This will help clients identify the right technology/solution to invest in, choose the addressable markets and also develop innovative business models.
Key Issues Addressed
Key Topics Covered:
1. Executive Summary
2. Global Waste Recycling Market - 2019
3. Research Scope and Segmentation
4. Market Outlook for Municipal Solid Waste in 201 9
5. Market Outlook for Industrial Solid Waste - Non-hazardous in 2019
6. 2019 Market Outlook for Hazardous Solid Waste
7. Market Outlook for WEEE in 2019
8. Market Outlook for C&D Waste in 2019
9. Market Outlook for Plastic Waste in 2019
10. Growth Opportunities
11. Key Conclusions
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Related Topics:Recycling and Recycled Materials
INDUSTRY KEYWORD: ENVIRONMENT
SOURCE: Research and Markets
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PUB: 07/02/2019 11:46 AM/DISC: 07/02/2019 11:46 AM