According to a recent report published by Allied Market Research, titled, “Construction & Demolition Waste Recycling Market by Source, Service, and Material: Opportunity Analysis and Industry Forecast, 2020–2027,” the global construction & demolition waste recycling market size accounted for $126.9 billion in 2019, and is expected to reach $149.2 billion by 2027, registering a CAGR of 2.7% from 2020 to 2027. In 2019, Europe dominated the global construction & demolition waste recycling market, in terms of revenue, accounting for around 36.8% share of the global construction & demolition waste recycling industry, followed by North America and Asia-Pacific.
The report analyzes the global construction & demolition waste recycling market on the basis of source, service, material, and region. The sources of waste covered in this report are construction, renovation, and demolition. The services taken into consideration in the report are collection and disposal. The material segment is further segregated into inert, wood, plastic & glass, metal, and others. The report includes revenue generated from recycling of residential and nonresidential users.
Rise in urbanization is expected to result in growth in waste generation. In addition, recycling and reusing help reduce the project cost. Moreover, environmental problems such as soil, water, and air pollution has raised, owing to unplanned C&D waste dumping over the past few years. Environmental awareness has significantly fueled the demand for construction & demolition waste recycling in developed countries and is incorporating rapidly in developing countries.
During lockdown, owing to COVID-19, the construction & demolition waste generation was hampered. The recycling facilities were also partially or completely closed due to the lockdown. This has affected the recycling of the waste material that was already in the facility and due to very limited construction activities during the lockdown, the waste generated at construction sites is also reduced. However, introduction of vaccines for COVID-19 and reopening of production facilities gradually are anticipated to lead to re-initiation of waste management companies and construction & demolition waste recycling industry at their full-scale capacities
The global construction & demolition waste recycling market is segmented on the basis of source, service, material, and region. On the basis of source, the market is divided into construction, renovation, and demolition. On the basis of services, it is classified into collection and disposal. On the basis of material, it is segregated into concrete, bricks, metal, wood, and others.
Region wise, the construction & demolition waste recycling market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific) and LAMEA (Latin America, the Middle East, and Africa).
Key Findings Of The Study
- By source, the demolition segment was the highest revenue contributor in 2019.
- By service, the collection segment generated the highest revenue in 2019.
- By material, the concrete segment generated the highest revenue in 2019.
- Region wise, Europe garnered the largest waste management market share in 2019.
The major players profiled in the construction & demolition waste recycling industry include Clean Harbors, Inc., Daiseki Co., Ltd., FCC Environment, Progressive Waste Solutions Ltd., Remondis Se & Co. Kg, Renewi plc, Republic Services, Inc., Veolia Environnement, Waste Connection, and Waste Management Inc.