Global Waste Recycling and Circular Economy Markets

According to the Irish market research store Research And Markets, a new report regarding the global waste recycling and circular economy market outlook for 2019 offers opportunities for effective business models and disruptive applications.

The global market revenue is set to increase from 354.7 billion US-Dollar in last year to 376.9 billion US-Dollar 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 – amongst others – will drive the waste recycling market in 2019, a description of the study said. “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 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, the company pointed out. “This outlook also features interesting trends that have been changing the way waste management is practiced around the world.”

(GR 32019S)