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31 Aug 2016 12:08:04

Economic Incentives for Recycling, Use of Recycled Materials to Drive Waste Recycling Services Market, says TMR



The rising amount of waste being produced across the world is the key driver for the global waste recycling market, according to a new report from Transparency Market Research. The report, titled ‘Waste Recycling Services Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024,’ presents a concise snapshot of the historical development of the global market and a detailed overview of the market’s current figures. The development prospects of the market in the coming years are provided in detail in the report, based on a solid analysis of the market’s current and past scenario.

Get free research PDF for more Professional and Technical insights : http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=11387

Waste recycling services have gained increasing demand in the last few years due to the growing realization of the extent of the problems caused by human waste. Due to the durability of many modern consumer goods, the materials in them can readily be recycled, providing a feasible way of dealing with the generation of waste as well as the rising scarcity of several raw materials.

The increasing concern about the environmental effects of waste has been crucial to mobilizing large-scale waste recycling operations. Human waste not only chokes the soil, but also contains several potentially toxic components that can have a devastating effect on the ecology at the dumping site. Toxic components in human waste can also become a health hazard for human populations near the dumping site.

Environmental regulations banning improper disposal of waste are a key driver for the global waste recycling services market. Many governments have also incentivized waste recycling, helping boost the demand from the global waste recycling services market. In addition to incentivizing recycling, incentive schemes have also been introduced for manufacturers making use of recycled materials in their production line. Sustained government support will be crucial for the waste recycling services market, as waste recycling is not always a profitable process for the operators.

Based on type of material, the global waste recycling services market is segmented into automotive, compost and food waste, glass and fiberglass, batteries, iron and steel, waste paper, wood, tire and rubber, scrap plastic, used consumer goods, used collectible items, used commercial goods, multi-material collection, and waste disposal and collection. Of these, automotive recycling was the leading contributor to the global market in 2015, with the associated segments of iron and steel and tire and rubber recycling also receiving significant demand. However, in the coming years, iron and steel recycling is expected to fall in demand due to the declining prices of steel.

Due to the easy availability of cheap labor in the region, Asia Pacific was the prime market for waste recycling services in 2015. The smooth growth of the manufacturing sector in Asia Pacific has contributed massively to the rising demand for waste recycling services in the region. The booming manufacturing sector in countries such as India, China, Japan, Taiwan, and South Korea is expected to ensure steady demand for waste recycling services in the coming years.

Leading market players profiled in the report include Northstar Recycling, Amdahl Corporation, Collins & Aikman, Triple M Metal LP, Zanker Road Landfill, Battery Council International, Fetzer Vineyards, Eurokey Recycling Ltd., Rubicon Global, Epson Inc., and Hewlett Packard.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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