North America Waste Recycling Services Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 16.58 Billion |
| Market Size (2029) | USD 19.54 Billion |
| CAGR (2024 - 2029) | 3.34 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Waste Recycling Services Market Analysis
The North America Waste Recycling Services Market size is estimated at USD 16.58 billion in 2024, and is expected to reach USD 19.54 billion by 2029, growing at a CAGR of 3.34% during the forecast period (2024-2029).
- The increasing demand for sustainability and rapid population growth drives the waste recycling services market. Americans generate a staggering amount of waste, with the United States producing a whopping 268 million tons annually. On average, each US resident contributes about 4.5 pounds of waste daily, a significant portion of which is recyclable.
- Comparatively, the United States far exceeds the global average of 1.6 pounds of waste per person per day. In response to the surge in curbside pickup demands, the number of landfills in the United States has risen. However, with China's recent ban on foreign waste, these landfills are rapidly approaching capacity.
- Each year, the United States generates a staggering 268 million tons of landfill and recycling waste, with a predominant share being paper and paperboard, both highly recyclable materials. To put this into perspective, Amazon dispatches an average of 608 million packages annually, the majority of which are packaged in paperboard. Despite the recyclability of paper and paperboard, the EPA reports a recycling rate of only about 47%, translating to approximately 304 million Amazon boxes finding their way to landfills yearly.
- Food waste, yard debris, and plastics, alongside paper, pose significant challenges in waste management. According to UpStream, products and their packaging make up a staggering 71% of America's waste stream, with packaging accounting for 26% on its own.
- A notable portion of this waste stems from single-use items. For instance, the iconic venti Starbucks coffee cup is emblematic of the disposable culture and dubbed "the throw-away society" by environmentalists. Governments are now rolling out initiatives to tackle this mounting waste issue.
North America Waste Recycling Services Market Trends
Municipal Segment Seeing an Upsurge in Waste Recycling Activities
With landfills on the rise and a surge in environmental consciousness among residents, cities and states are tightening recycling regulations. From San Diego to New York and Seattle to Boise, municipalities are either considering or have already implemented new laws to promote waste reduction. As individuals grow more aware of their environmental footprint, they are increasingly urging lawmakers to set higher standards for recycling and waste diversion, and legislators are heeding these calls.
Back in 2011, California, known for its eco-friendly stance, aimed to boost its recycling rate from 50% to 75% by 2020. While they fell short, the state has unveiled fresh strategies to tackle its recycling rates. Meanwhile, DC has rolled out the “Zero Waste Omnibus Amendment Act of 2019” as part of its broader ambition to achieve “zero waste” by 2032.
Following suit, Florida has set its sights on a 75% weight-based recycling rate. As waste challenges strain city resources, urban centers like San Francisco, Boston, and Washington, DC, are layering additional mandates atop state regulations for their businesses and residents. New York City is enforcing stringent recycling measures and prioritizing the diversion of hundreds of thousands of tons of organic waste. With regulations gaining momentum, the recycling industry is poised to respond with a wave of innovative solutions.
United States Recording Significant Market Growth
The US recycling industry handles millions of tons of recyclable materials, facilitated by close to 2,000 recycling facilities and a workforce comprising tens of thousands. Industrial markets, construction, and residential sectors are the key demand drivers for recycling.
Over the past five years, these sectors have experienced notable growth, mirroring the expansion of the US economy and its population. Furthermore, as government regulations evolve and public awareness increases, the demand for recycling services and waste diversion has surged, culminating in record-high recycling rates.
In June 2024, the US Department of Agriculture (USDA), the US Environmental Protection Agency (EPA), the US Food and Drug Administration (FDA), and the White House announced the National Strategy for Reducing Food Loss and Waste and Recycling Organics. This initiative is part of a comprehensive approach to combat climate change, ensure food security, address environmental equity, and foster a circular economy.
The strategy outlines clear objectives for government agencies, retailers, and consumers. These goals aim to minimize food loss, boost organic material recycling, curb greenhouse gas emissions, cut costs for households and businesses, and create cleaner, healthier communities. It is a pivotal component of the broader National Strategy on Hunger, Nutrition, and Health, which was introduced alongside the groundbreaking White House Conference in September 2022.
North America Waste Recycling Services Industry Overview
North America's waste recycling services market is fragmented in nature. Noteworthy companies, such as Waste Management Inc., Republic Services Inc., Veolia Environment, Waste Connections Inc., and Covanta Holding Corporation, provide a comprehensive suite of services.
Competition among these firms hinges on the efficacy of their recycling operations, the breadth of their service portfolios, their eco-friendly endeavors, and the extent of their operational reach. Moreover, technological strides and innovative recycling methods are pivotal in defining the market's competitive dynamics.
North America Waste Recycling Services Market Leaders
-
Waste Management Inc.
-
Republic Services Inc.
-
Veolia Environment
-
Waste Connections Inc.
-
Covanta Holding Corporation
*Disclaimer: Major Players sorted in no particular order
North America Waste Recycling Services Market News
- June 2024: Waste Management Inc. and Stericycle officially confirmed an acquisition deal. Waste Management will be acquiring all of Stericycle's outstanding shares. This move not only bolsters Waste Management's commitment to expanding North America's recycling infrastructure but also amplifies the environmental contributions of Stericycle's secure information destruction services.
- May 2024: Veolia, through its Consulting Engineering and Strategic Assistance division, Seureca, announced the acquisition of MRC Consultants and Transaction Advisers, a leading energy consultancy. MRC operates in Spain, the United Kingdom, and over 30 other countries. This acquisition significantly enhances Seureca's energy offerings, which is in line with Veolia's strategic focus on decarbonized energy and enhancing energy self-sufficiency, both for itself and its clients.
North America Waste Recycling Services Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
2.1 Analysis Methodology
2.2 Research Phases
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Current Market Scenario
4.2 Market Dynamics
4.2.1 Drivers
4.2.1.1 Increasing Demand for Sustainability
4.2.1.2 Environmental Concerns
4.2.2 Restraints
4.2.2.1 Regulatory Factors
4.2.2.2 Infrastructure Challenges
4.2.3 Opportunities
4.2.3.1 Technological Advancements
4.3 Value Chain/Supply Chain Analysis
4.4 Government Regulations, Trade Agreements, and Initiatives
4.5 Industry Attractiveness - Porter's Five Forces Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Consumers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Technological Developments in the Waste Recycling Services Market
4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Product
5.1.1 Paper & Paperboard
5.1.2 Metals
5.1.3 Plastics
5.1.4 Glass
5.1.5 Batteries & Electronics
5.1.6 Other Products
5.2 By Source
5.2.1 Municipal (Residential and Commercial)
5.2.2 Industrial
5.2.3 Medical Waste
5.2.4 Construction Waste
5.2.5 Other Sources
5.3 By Technology Used
5.3.1 Mechanical Recycling
5.3.2 Chemical Recycling
5.3.3 Biological Recycling
5.3.4 Other Technologies
5.4 By Country
5.4.1 United States
5.4.2 Canada
5.4.3 Mexico
5.4.4 Rest of North America
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Waste Management Inc.
6.2.2 Republic Services Inc.
6.2.3 Veolia Environment
6.2.4 Waste Connections Inc.
6.2.5 Covanta Holding Corporation
6.2.6 WM Recycle America LLC
6.2.7 Clean Harbors Inc.
6.2.8 Rumpke Consolidated Companies Inc.
6.2.9 Recology*
- *List Not Exhaustive
6.3 Other Companies
7. FUTURE OF THE MARKET
8. APPENDIX
8.1 Macroeconomic Indicators
8.2 External Trade Statistics
North America Waste Recycling Services Industry Segmentation
The waste recycling services market encompasses the collection, transportation, and processing of various recyclable materials sourced from both residential and commercial entities. Services include curbside collection of paper, plastic, glass, and metals from homes and businesses.
The North American waste recycling services market is segmented by product (paper & paperboard, metals, plastics, glass, batteries & electronics, and other products), source (municipal (residential and commercial), industrial, medical waste, construction waste, and other sources), technology used (mechanical recycling, chemical recycling, biological recycling, and other technologies) and country (United States, Canada, and Mexico). The Market Size and Forecasts are Provided in USD Value for all the Above Segments.
| By Product | |
| Paper & Paperboard | |
| Metals | |
| Plastics | |
| Glass | |
| Batteries & Electronics | |
| Other Products |
| By Source | |
| Municipal (Residential and Commercial) | |
| Industrial | |
| Medical Waste | |
| Construction Waste | |
| Other Sources |
| By Technology Used | |
| Mechanical Recycling | |
| Chemical Recycling | |
| Biological Recycling | |
| Other Technologies |
| By Country | |
| United States | |
| Canada | |
| Mexico | |
| Rest of North America |
North America Waste Recycling Services Market Research Faqs
How big is the North America Waste Recycling Services Market?
The North America Waste Recycling Services Market size is expected to reach USD 16.58 billion in 2024 and grow at a CAGR of 3.34% to reach USD 19.54 billion by 2029.
What is the current North America Waste Recycling Services Market size?
In 2024, the North America Waste Recycling Services Market size is expected to reach USD 16.58 billion.
Who are the key players in North America Waste Recycling Services Market?
Waste Management Inc., Republic Services Inc., Veolia Environment, Waste Connections Inc. and Covanta Holding Corporation are the major companies operating in the North America Waste Recycling Services Market.
What years does this North America Waste Recycling Services Market cover, and what was the market size in 2023?
In 2023, the North America Waste Recycling Services Market size was estimated at USD 16.03 billion. The report covers the North America Waste Recycling Services Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the North America Waste Recycling Services Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Waste Recycling Services Industry Report
Statistics for the 2024 North America Waste Recycling Services market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Waste Recycling Services analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
