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I AgreeThe novel coronavirus (COVID-19) has created revenue opportunities for companies in the Europe waste recycling services market, but has also created challenging recycling targets. It has been found that Wales is the only U.K. country, which has been successful in meeting its recycling targets. There has been an exponential growth in the volume of household waste during the COVID-19 pandemic, while many recycling centers have been shut during the crisis. This has caused tension in adjusting the legislature to meet recycling targets.
Moreover, staff absence at recycling centers in Europe is another challenge for health commissions. Redundant recycling practices such as segregation of waste by hand was found to be the key reason to prevent putting the workforce in the harm’s way. As such, the Cardiff council is strategizing on weekly waste collection strategies to efficiently sort and recycle domestic rubbish.
These factors are expected to drive the Europe waste recycling services market during the forecast period.
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Companies in the Europe waste recycling services market are investing in capacity additions to achieve plastic chemical recycling. For instance, in April 2020, Recycling Technologies Ltd.- a U.K.-based company committed to accelerate evolution of plastic, announced to set up first-of-its-kind European plastic chemical recycling machine at the Brightlands Chemelot Campus’s chemical industry. Companies in the Europe waste recycling services market are setting their collaboration wheels in motion to recycle plastic waste into valuable feedstock for new plastic production.
Patented technologies are a recurring trend in the market, which is expected to expand at a CAGR of ~6% as the market matures during the assessment period. Manufacturers are using these technologies to revolutionize low-grade plastic waste into virgin-like plastic products. These patented technologies are increasingly replacing mechanical recycling methods to prevent plastics from ending up in landfills.
The growing pollution caused by single-use plastics such as straws and wrappers is revealing the true depth of the global waste problem. Hence, companies in the Europe waste recycling services market are introducing patented technologies to reduce the amount of discarded waste. For instance, Wimao Ltd.- a Finnish provider of breakthrough technology in recycling mixed plastic waste, has set on an expedition to launch its pilot REMAT production plant, which converts mixed plastic waste and wood waste into composite products. Such innovations are bolstering growth of the Europe waste recycling services market, which is estimated to reach US$ 242 Bn mark by the end of 2030.
Companies in the Europe waste recycling services market are scaling incremental opportunities by recycling mixed plastic waste, which is a rich source of raw material that can be weighed in billions of tons.
The U.N. Environment Program has highlighted the issue of growing solid waste ending up in landfills, which has become a central issue for pollution worldwide. Hence, companies in the Europe waste recycling services market are taking cues from world-saving technologies introduced by companies in the Middle East. For instance, UBQ Materials - a recycling center in Tel Aviv, Israel, has invested in a production line, which transforms unsorted household waste into sustainable and bio-based materials that can be reused for commercial and industrial products.
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Recycling services are witnessing increased demand to convert unsorted household waste into climate-positive thermoplastic materials that are replacing toxic petroleum-based plastics. Innovative recycling technologies are giving rise to products that can substitute conventional petrochemical plastics and wood, resulting in reduced oil consumption and deforestation. Companies in the Europe waste recycling services market are using technologies to decompose organic materials in landfills to reduce issues of greenhouse gas emissions.
Several cities in Europe are aiming to become fully circular and reduce the amount of residual waste. This trend is anticipated to create incremental opportunities for companies in the Europe waste recycling services market. However, lack of awareness regarding waste prevention among polluters such as retail business owners and restaurants is posing a challenge for recycling companies. Hence, there is a need for specific programs that rope in the private sector stakeholders in waste prevention. The Apeldoorn Recycle Service 2025 is an innovative program, which is aimed at reducing the amount of residual waste from the private sector in Apeldoorn.
Local strategies involving circular and resource efficiency methods are being adopted in cities of Europe. This is creating value-grab opportunities for companies in the Europe waste recycling services market who are strategizing on waste collection methods for paper and plastic waste.
Scientists have been making significant advancements in the recycling for plastics. For instance, John Layman - a head of material sciences at Procter & Gamble and founding inventor of PureCycle Technologies, has innovated in a revolutionary process that removes color, contaminants, and odor from polypropylene plastic waste and transforms it into virgin-like resin. Thus, companies in the Europe waste recycling services market should collaborate with such scientists to gain recognition on a global level.
Recycling companies are increasing their focus on polypropylene plastic, since this plastic is the second-most used plastic in the world and hardly any of its volume is actually recycled. Hence, companies in the Europe waste recycling services market are capitalizing on this opportunity to innovate in new methods to recycle polypropylene plastic. They are maximizing business opportunities in difficult-to-modify materials such as carpet waste to bolster revenue growth.
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Analysts’ Viewpoint
Apart from the disposable waste created by healthcare facilities, increasing number of domestic waste is compromising recycling facilities in Europe amidst the COVID-19 crisis. Companies in the Europe waste recycling services market are collaborating to innovate in new methods for plastic chemical recycling. However, lack of industry expertise in recycling explains why only a miniscule percentage of waste is being recycled worldwide. Hence, companies should increase their R&D to come up with patented recycling technologies and urge governments to introduce specific recycling programs that educate private sector businesses about the advantages of recycling, sustainability, and a circular economy.
Europe Waste Recycling Services Market: Overview
Rise in Private Sector Investments in Waste Management Sector to Europe Waste Recycling Services Market
Lack of Awareness about Waste Recycling to Hamper Europe Waste Recycling Services Market
Growth in Number of Waste Management Laws to Provide Opportunities to Europe Waste Recycling Services Market
Recent Developments, Expansions, Acquisitions, and New Contracts in Europe Waste Recycling Services Market
Germany to be Highly Lucrative Region of Europe Waste Recycling Services Market
Highly Competitive Europe Waste Recycling Services Market
Europe Waste Recycling Services Market – Segmentation
TMR’s research study assesses the waste recycling services market in Europe based on waste recycling type, end user, and region. The report presents extensive market dynamics and progressive trends associated with different segments and how they are influencing growth prospects of the waste recycling services market in Europe.
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1. Executive Summary
1.1. Market Outlook
1.2. Key Facts and Figures
1.3. Key Trends
2. Market Overview
2.1. Market Segmentation
2.2. Market Indicators
3. Market Dynamics
3.1. Drivers and Restraints Snapshot Analysis
3.1.1.1. Drivers
3.1.1.2. Restraints
3.1.1.3. Opportunities
3.2. Porter’s Five Forces Analysis
3.2.1. Threat of Substitutes
3.2.2. Bargaining Power of Buyers
3.2.3. Bargaining Power of Suppliers
3.2.4. Threat of New Entrants
3.2.5. Degree of Competition
3.3. Regulatory Scenario
3.4. Value Chain Analysis
4. Europe Waste Recycling Services Market Value (US$ Mn) Analysis, by Waste Recycling Type
4.1. Key Findings and Introduction
4.2. Europe Waste Recycling Services Market Value (US$ Mn) Forecast, by Waste Recycling Type, 2019–2030
4.2.1. Europe Waste Recycling Services Market Value (US$ Mn) Forecast, by Waste Paper & Cardboard Recycling, 2019–2030
4.2.2. Europe Waste Recycling Services Market Value (US$ Mn) Forecast, by Plastic Recycling, 2019–2030
4.2.3. Europe Waste Recycling Services Market Value (US$ Mn) Forecast, by Metal Recycling, 2019–2030
4.2.4. Europe Waste Recycling Services Market Value (US$ Mn) Forecast, by Electronic Waste Recycling, 2019–2030
4.2.5. Europe Waste Recycling Services Market Value (US$ Mn) Forecast, by Wood Recycling, 2019–2030
4.2.6. Europe Waste Recycling Services Market Value (US$ Mn) Forecast, by Clothing & Textile Recycling, 2019–2030
4.2.7. Europe Waste Recycling Services Market Value (US$ Mn) Forecast, by Glass Recycling, 2019–2030
4.2.8. Europe Waste Recycling Services Market Value (US$ Mn) Forecast, by Construction & Demolition, 2019–2030
4.2.9. Europe Waste Recycling Services Market Value (US$ Mn) Forecast, by Others, 2019–2030
4.3. Europe Waste Recycling Services Market Attractiveness Analysis, by Waste Recycling Type
5. Europe Waste Recycling Services Market Value (US$ Mn) Analysis, by End-user
5.1. Key Findings and Introduction
5.2. Europe Waste Recycling Services Market Value (US$ Mn) Forecast, by End-user, 2019–2030
5.2.1. Europe Waste Recycling Services Market Value (US$ Mn) Forecast, by Municipal, 2019–2030
5.2.2. Europe Waste Recycling Services Market Value (US$ Mn) Forecast, by Industrial, 2019–2030
5.2.3. Europe Waste Recycling Services Market Value (US$ Mn) Forecast, by Others, 2019–2030
5.3. Europe Waste Recycling Services Market Attractiveness Analysis, by End-user
6. Europe Waste Recycling Services Market Analysis, by Country and Sub-region
6.1. Key Findings
6.1.1. Germany Waste Recycling Services Market Value (US$ Mn) Forecast, by Waste Recycling Type, 2019–2030
6.1.2. Germany Waste Recycling Services Market Value (US$ Mn) Forecast, by End-user, 2019–2030
6.1.3. U.K. Waste Recycling Services Market Value (US$ Mn) Forecast, by Waste Recycling Type, 2019–2030
6.1.4. U.K. Waste Recycling Services Market Value (US$ Mn) Forecast, by End-user, 2019–2030
6.1.5. France Waste Recycling Services Market Value (US$ Mn) Forecast, by Waste Recycling Type, 2019–2030
6.1.6. France Waste Recycling Services Market Value (US$ Mn) Forecast, by End-user, 2019–2030
6.1.7. Italy Waste Recycling Services Market Value (US$ Mn) Forecast, by Waste Recycling Type, 2019–2030
6.1.8. Italy Waste Recycling Services Market Value (US$ Mn) Forecast, by End-user, 2019–2030
6.1.9. Spain Waste Recycling Services Market Value (US$ Mn) Forecast, by Waste Recycling Type, 2019–2030
6.1.10. Spain Waste Recycling Services Market Value (US$ Mn) Forecast, by End-user, 2019–2030
6.1.11. Sweden Waste Recycling Services Market Value (US$ Mn) Forecast, by Waste Recycling Type, 2019–2030
6.1.12. Sweden Waste Recycling Services Market Value (US$ Mn) Forecast, by End-user, 2019–2030
6.1.13. Denmark Waste Recycling Services Market Value (US$ Mn) Forecast, by Waste Recycling Type, 2019–2030
6.1.14. Denmark Waste Recycling Services Market Value (US$ Mn) Forecast, by End-user, 2019–2030
6.1.15. Finland Waste Recycling Services Market Value (US$ Mn) Forecast, by Waste Recycling Type, 2019–2030
6.1.16. Finland Waste Recycling Services Market Value (US$ Mn) Forecast, by End-user, 2019–2030
6.1.17. Norway Waste Recycling Services Market Value (US$ Mn) Forecast, by Waste Recycling Type, 2019–2030
6.1.18. Norway Waste Recycling Services Market Value (US$ Mn) Forecast, by End-user, 2019–2030
6.1.19. Poland Waste Recycling Services Market Value (US$ Mn) Forecast, by Waste Recycling Type, 2019–2030
6.1.20. Poland Waste Recycling Services Market Value (US$ Mn) Forecast, by End-user, 2019–2030
6.1.21. Russia & CIS Waste Recycling Services Market Value (US$ Mn) Forecast, by Waste Recycling Type, 2019–2030
6.1.22. Russia & CIS Waste Recycling Services Market Value (US$ Mn) Forecast, by End-user, 2019–2030
6.1.23. Rest of Europe Waste Recycling Services Market Value (US$ Mn) Forecast, by Waste Recycling Type, 2019–2030
6.1.24. Rest of Europe Waste Recycling Services Market Value (US$ Mn) Forecast, by End-user, 2019–2030
6.2. Europe Waste Recycling Services Market Attractiveness Analysis, by Country and Sub-region
7. Competition Landscape
7.1. Competition Matrix
7.2. Europe Waste Recycling Services Market Share Analysis, by Company (2019)
7.3. Market Footprint Analysis
7.4. Company Profiles
7.4.1. Sims Metal Management Limited
7.4.1.1. Company Details
7.4.1.2. Company Description
7.4.1.3. Business Overview
7.4.1.4. Financial Details
7.4.2. Waste Management, Inc.
7.4.2.1. Company Details
7.4.2.2. Company Description
7.4.2.3. Business Overview
7.4.2.4. Financial Details
7.4.3. SUEZ
7.4.3.1. Company Details
7.4.3.2. Company Description
7.4.3.3. Business Overview
7.4.3.4. Financial Details
7.4.4. Veolia
7.4.4.1. Company Details
7.4.4.2. Company Description
7.4.4.3. Business Overview
7.4.4.4. Financial Details
7.4.5. Sims Lifecycle Services, Inc.
7.4.5.1. Company Details
7.4.5.2. Company Description
7.4.5.3. Business Overview
7.4.6. Reclaim PV Recycling Pty Ltd
7.4.6.1. Company Details
7.4.6.2. Company Description
7.4.6.3. Business Overview
7.4.7. Ragn-Sells Group
7.4.7.1. Company Details
7.4.7.2. Company Description
7.4.7.3. Business Overview
7.4.8. REMONDIS SE & Co. KG
7.4.8.1. Company Details
7.4.8.2. Company Description
7.4.8.3. Business Overview
7.4.9. Kuusakoski
7.4.9.1. Company Details
7.4.9.2. Company Description
7.4.9.3. Financial Details
7.4.9.4. Business Overview
7.4.10. Fortum
7.4.10.1. Company Details
7.4.10.2. Company Description
7.4.10.3. Financial Details
7.4.10.4. Business Overview
7.4.11. Marius Pedersen a.s.
7.4.11.1. Company Details
7.4.11.2. Company Description
7.4.11.3. Business Overview
7.4.12. Norsk Gjenvinning Norge AS
7.4.12.1. Company Details
7.4.12.2. Company Description
7.4.12.3. Financial Details
7.4.12.4. Business Overview
7.4.13. SCHOLZ RECYCLING GMBH
7.4.13.1. Company Details
7.4.13.2. Company Description
7.4.13.3. Business Overview
7.4.14. Paprec Group
7.4.14.1. Company Details
7.4.14.2. Company Description
7.4.14.3. Business Overview
7.4.15. Biffa
7.4.15.1. Company Details
7.4.15.2. Company Description
7.4.15.3. Financial Details
7.4.15.4. Business Overview
7.4.16. TRADEBE
7.4.16.1. Company Details
7.4.16.2. Company Description
7.4.16.3. Business Overview
7.4.17. H.J. Hansen Recycling Industry A/S
7.4.17.1. Company Details
7.4.17.2. Company Description
7.4.17.3. Business Overview
7.4.18. Recycling Lives
7.4.18.1. Company Details
7.4.18.2. Company Description
7.4.18.3. Business Overview
7.4.19. EUROKEY RECYCLING GROUP
7.4.19.1. Company Details
7.4.19.2. Company Description
7.4.19.3. Business Overview
8. Primary Research – Key Insights
9. Appendix
9.1. Research Methodology and Assumptions
List of Tables
Table 01: Europe Waste Recycling Services Market Value (US$ Mn) Forecast, by Waste Recycling Type, 2019–2030
Table 02: Europe Waste Recycling Services Market Value (US$ Mn) Forecast, by End-user, 2019–2030
Table 03: Europe Waste Recycling Services Market Value (US$ Mn) Forecast, by Country and Sub-region, 2019–2030
Table 04: Germany Waste Recycling Services Market Value (US$ Mn) Forecast, by Waste Recycling Type, 2019–2030
Table 05: Germany Waste Recycling Services Market Value (US$ Mn) Forecast, by End-user, 2019–2030
Table 06: U.K. Waste Recycling Services Market Value (US$ Mn) Forecast, by Waste Recycling Type, 2019–2030
Table 07: U.K. Waste Recycling Services Market Value (US$ Mn) Forecast, by End-user, 2019–2030
Table 08: France Waste Recycling Services Market Value (US$ Mn) Forecast, by Waste Recycling Type, 2019–2030
Table 09: France Waste Recycling Services Market Value (US$ Mn) Forecast, by End-user, 2019–2030
Table 10: Italy Waste Recycling Services Market Value (US$ Mn) Forecast, by Waste Recycling Type, 2019–2030
Table 11: Italy Waste Recycling Services Market Value (US$ Mn) Forecast, by End-user, 2019–2030
Table 12: Spain Waste Recycling Services Market Value (US$ Mn) Forecast, by Waste Recycling Type, 2019–2030
Table 13: Spain Waste Recycling Services Market Value (US$ Mn) Forecast, by End-user, 2019–2030
Table 14: Sweden Waste Recycling Services Market Value (US$ Mn) Forecast, by Waste Recycling Type, 2019–2030
Table 15: Sweden Waste Recycling Services Market Value (US$ Mn) Forecast, by End-user, 2019–2030
Table 16: Denmark Waste Recycling Services Market Value (US$ Mn) Forecast, by Waste Recycling Type, 2019–2030
Table 17: Denmark Waste Recycling Services Market Value (US$ Mn) Forecast, by End-user, 2019–2030
Table 18: Finland Waste Recycling Services Market Value (US$ Mn) Forecast, by Waste Recycling Type, 2019–2030
Table 19: Finland Waste Recycling Services Market Value (US$ Mn) Forecast, by End-user, 2019–2030
Table 20: Norway Waste Recycling Services Market Value (US$ Mn) Forecast, by Waste Recycling Type, 2019–2030
Table 21: Norway Waste Recycling Services Market Value (US$ Mn) Forecast, by End-user, 2019–2030
Table 22: Poland Waste Recycling Services Market Value (US$ Mn) Forecast, by Waste Recycling Type, 2019–2030
Table 23: Poland Waste Recycling Services Market Value (US$ Mn) Forecast, by End-user, 2019–2030
Table 24: Russia & CIS Waste Recycling Services Market Value (US$ Mn) Forecast, by Waste Recycling Type, 2019–2030
Table 25: Russia & CIS Waste Recycling Services Market Value (US$ Mn) Forecast, by End-user, 2019–2030
Table 26: Rest of Europe Waste Recycling Services Market Value (US$ Mn) Forecast, by Waste Recycling Type, 2019–2030
Table 27: Rest of Europe Waste Recycling Services Market Value (US$ Mn) Forecast, by End-user, 2019–2030
List of Figures
Figure 01: Europe Waste Recycling Services Market Value Analysis, by Waste Recycling Type
Figure 02: Europe Waste Recycling Services Market Attractiveness Analysis, by Waste Recycling Type
Figure 03: Europe Waste Recycling Services Market Value Analysis, by End-user
Figure 04: Europe Waste Recycling Services Market Attractiveness Analysis, by End-user
Figure 05: Europe Waste Recycling Services Market Value (US$ Mn), 2019–2030
Figure 06: Europe Waste Recycling Services Market Value Share Analysis, by Country and Sub-region
Figure 07: Europe Waste Recycling Services Market Attractiveness Analysis, by Country and Sub-region