Recycling Facilities in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: July 2024
NAICS 56292Revenue
$8.9bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
23,150
Businesses
1,059
Wages
$X.Xbn
Recycling Facilities in the US industry analysis
Recycling facilities continue to benefit from stabilization of macroeconomic conditions and higher commodity prices. The onset of the pandemic brought a massive surge in e-commerce sales as consumers were stuck at home and forced to make both discretionary and essential purchases online. Online purchases require more cardboard to deliver, leading to a surge in waste generation for the industry's largest recyclable. Acceleration in the prices of paper and plastic have caused revenue volatility in the industry, though, causing revenue to climb at a CAGR of 2.6% to an estimated $8.9 billion through the end of 2024, including an anticipated 2.6% boost in 2024.
Trends and Insights
- Recycling facilities are increasing in popularity due to energy and cost savings. Rising commodity prices are driving both consumers and businesses to recycle more and buy more recycled goods, while statewide initiatives continue to encourage higher recycling rates.
- Rising prices for virgin plastic and paper are boosting demand for recycled materials. Even as input costs continue rising amid high inflation, recycling facilities can pass those higher costs onto consumers.
- Densely populated areas generate strong recycling facility demand. As consumer spending surges and purchases increase, households will generate more waste, necessitating efficient recycling operations.
- Specialization maintains a low market share concentration. Customers prefer facilities offering a wide range of quality services to save both time and money.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 2.6 % over the past five years, to reach an estimated $8.9bn in 2024.
Trends and Insights
Statewide regulations continue to accelerate recycling adoption
- With states continuing to prioritize sustainability and recycling initiatives in an attempt to boost their economy and strengthen their environmental footprint, recycling facilities’ demand continues to benefit from statewide initiatives and regulations.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Various programs are set to boost recycling rates
- The continued investment in curbside recycling programs and drop-off programs will boost the efficiency of the recycling processing system. These investments will aid in getting people to recycle more by making recycling bins more available in their areas.
Biggest companies in the Recycling Facilities in the US
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Waste Management, Inc. | 1,904.6 | 348.5 | 18.3 | |
Republic Services, Inc. | 448.8 | 82.1 | 18.3 | |
Waste Connections, Inc. | 294.7 | 93.5 | 31.7 |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Recyclable material recovery and processing services, Other and Sale of recycled materials. Recyclable material recovery and processing services is the largest segment of the Recycling Facilities in the US.
Trends and Insights
Recyclable materials recovery and processing services are becoming popular as recyclable materials become more common
- Recyclable material recovery and processing involves sorting out specific streams of recyclable material, processing this material into raw recycled commodities and packaging it to be resold.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Waste Collection Services in the US
- Waste Treatment & Disposal Services in the US
Complementors
- Sewage Treatment Facilities in the US
- Remediation & Environmental Cleanup Services in the US
International industries
- Recycling Facilities in Canada
- Waste Remediation and Materials Recovery Services in Australia
- Waste Remediation and Materials Recovery Services in New Zealand
- Sorted Material Recovery in the UK
- Sorted Material Recovery in Ireland
Table of Contents
About this industry
Industry definition
Recycling facilities separate and sort recyclable materials like paper, plastic and glass from waste streams. These facilities also sort commingled recyclable materials into distinct categories, as well as refine goods into recycled commodities, such as convert plastic bottles into raw plastic and sell recycled materials to manufacturers and wholesalers. This industry does not include government bodies that directly provide these services to the public.
What's included in this industry?
Recyclable material recovery and processingSale of recycled materialsCollection servicesCompanies
Waste Management, Inc.Republic Services, Inc.Waste Connections, Inc.Purchase this report to view all 3 major companies in this industry.
Related Terms
MATERIAL RECOVERY FACILITYPROCESSING FACILITYMUNICIPAL SOLID WASTEINORGANIC MUNICIPAL SOLID WASTEEDDY CURRENTDEPOSIT-REFUND SYSTEMIndustry Code
NAICS 56292 - Recycling Facilities in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Recycling facilities are increasing in popularity due to energy and cost savings. Rising commodity prices are driving both consumers and businesses to recycle more and buy mo...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Rising prices for virgin plastic and paper are boosting demand for recycled materials. Even as input costs continue rising amid high inflation, recycling facilities can pass ...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Densely populated areas generate strong recycling facility demand. As consumer spending surges and purchases increase, households will generate more waste, necessitating effi...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Specialization maintains a low market share concentration. Customers prefer facilities offering a wide range of quality services to save both time and money.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Only one company garners at least 5.0% of the market. By processing recycled plastic, paper and other materials from many individuals and businesses, Waste Management has bec...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Waste Management, Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Republic Services, Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Waste Connections, Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for Waste Management, Inc., and factors influencing its performance in the industry
- Description and key data for Republic Services, Inc., and factors influencing its performance in the industry
- Description and key data for Waste Connections, Inc., and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Continued emphasis on regulatory sustainability and environmentalism led many recycling facilities to invest in eco-friendly methods. Greater state-wide initiatives aimed at ...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Despite increased automation, recycling facilities face high wage costs due to consumer noncompliance with policies. Contaminated bins with food waste and improper materials ...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Recycling Facilities in the US industry in United States in 2024?
The market size of the Recycling Facilities in the US industry in United States is $8.9bn in 2024.
How many businesses are there in the Recycling Facilities in the US industry in 2024?
There are 1,059 businesses in the Recycling Facilities in the US industry in United States, which has grown at a CAGR of 1.0 % between 2019 and 2024.
Has the Recycling Facilities in the US industry in United States grown or declined over the past 5 years?
The market size of the Recycling Facilities in the US industry in United States has been growing at a CAGR of 2.6 % between 2019 and 2024.
What is the forecast growth of the Recycling Facilities in the US industry in United States over the next 5 years?
Over the next five years, the Recycling Facilities in the US industry in United States is expected to grow.
What are the biggest companies in the Recycling Facilities in the US market in United States?
The biggest companies operating in the Recycling Facilities market in United States are Waste Management, Inc., Republic Services, Inc. and Waste Connections, Inc.
What does the Recycling Facilities in the US in United States include?
Recyclable material recovery and processing and Sale of recycled materials are part of the Recycling Facilities in the US industry.
Which companies have the highest market share in the Recycling Facilities in the US in United States?
The company holding the most market share in United States is Waste Management, Inc..
How competitive is the Recycling Facilities in the US industry in United States?
The level of competition is moderate and steady in the Recycling Facilities in the US industry in United States.
