Research Nester published a report titled “Europe Waste Recycling Services Market: Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the Europe waste recycling services market in terms of market segmentation by product, end user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The Europe waste recycling services market is estimated to occupy a sizeable revenue by growing at a CAGR of ~6% during the forecast period, i.e., 2022 – 2030, owing to the rising awareness of consumers and industries about waste recycling, increasing waste generation and growing company investment for plastic chemical recycling. Apart from these, escalating user base of centralized wastewater system is also expected to drive market growth in the country.
The Europe waste recycling services market is segmented by product and end user. Based on product, the paper & paperboard segment is anticipated to grab the largest market share during the forecast period on the back of increasing consumption of pulp and paper. Additionally, by end user, the industrial segment is projected to grab the largest market share in the future ascribing to the high recycling potential of waste generated from manufacturing, construction and mining.
Geographically, the market is segmented into U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, and the rest of Europe. Germany is evaluated to observe noteworthy growth in the market during the forecast period attributing to the presence of well-established recycling facilities, strict rule and protocols regarding waste disposal, and ban imposed on landfill of waste. On the other hand, increasing awareness to convert waste-to-energy in the country is also expected to accelerate the market growth in the country.
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Rising Consciousness Associated with Waste Recycling to Drive Market Growth
On an average, Europe discards large quantities of waste every year. The majority of the rubbish is generated from manufacturing activities energy production and construction. In addition, there is a rising concern about the impact of waste on environment, as it causes pollution and greenhouse emissions. In order to curb the issue, waste recycling activities are being widely adopted in Europe since the last few years, which in turn is anticipated to boost market growth in the near future.
However, inability to meet quality standards during waste management is expected to operate as key restraint to the growth of the Europe waste recycling services market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the Europe waste recycling services market which includes company profiling of Waste Management, Inc., REMONDIS SE & Co. KG, SCHOLZ RECYCLING GMBH, Norsk Gjenvinning Norge AS, Sims Lifecycle Services, Inc., Hansen Recycling Industry A/S, EUROKEY RECYCLING GROUP, Sims Metal Management Limited, Paprec Group, Marius Pedersen a.s., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the Europe waste recycling services market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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