CLEVELAND, Nov. 30, 2016 /PRNewswire/ -- Revenues from material recovery, the fastest-growing segment of the broader US waste management services industry, are expected to climb at an average annual rate of 5.6% through 2020. Rising oil prices will spur sales of recovered materials such as plastic resins as alternatives to petroleum-based inputs in manufacturing. At the same time, manufacturing activity in the US and China – a major purchaser of recovered materials – will support recovery revenues. Paper production (including paperboard) in China, for example, is expected to rise 3.7% annually through 2020, heightening demand for recovered paper as an input material. However, ongoing efforts to reduce generated waste – and limitations on recovery rates – will constrain the volume of marketable material and corresponding revenues.
These findings are featured in Waste Management: United States, a report recently released by Freedonia Focus Reports, a division of The Freedonia Group.
The report forecasts US waste management service revenues in US dollars to 2020. Total revenues are segmented by establishment type in terms of:
- solid waste
- hazardous waste
- material recovery
- other types such as septic tank cleaning establishments.
The scope of this report encompasses private firms that primarily engage in waste management services. Excluded are firms that primarily engage in: environmental consulting; operation of water or sewage treatment plants; supply of water for drinking, irrigation, and other uses; and specialized freight and long-distance trucking services.
Total revenues are also segmented by market as follows:
To illustrate historical trends, total revenues and the various segments are provided in annual series from 2005 to 2015.
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About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:
- total historical market size and industry output
- segmentation by products and markets
- identification of market drivers, constraints, and key indicators
- segment-by-segment outlook in five-year forecasts
- a survey of the supply base
- suggested resources for further study.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/us-material-recovery-business-to-grow-56-annually-through-2020-300370030.html
SOURCE The Freedonia Group