Solid Waste Recycling in China - Market Research Report (2014-2029)
Beijing, China
Last Updated: May 2024
4320Revenue
$27.2bn
Past 5-Year Growth
Profit
$X.Xbn
Employees
152k
Businesses
1,156
Wages
$X.Xbn
Solid Waste Recycling in China industry analysis
China's Solid Waste Recycling industry's revenue is expected to increase at an annualized 8.5% over the five years through 2023, to $27.2 billion. This includes anticipated growth of 6.6% in the current year. Although China's economic growth has slowed, increased environmental consciousness, high demand for limited resources and the country's ongoing urbanization have supported the industry's development. In particular, large downstream markets, especially the manufacturing sector, have developed rapidly and stimulated the industry.For more than a decade, rising solid waste volumes from the household and industrial sectors have driven industry growth. Increasing waste volumes and complexity have followed from stronger economic conditions.China has made comprehensive resource utilization part of ecological civilization, and the government has continued to perfect rules and technologies that promote resource utilization development. By the end of 2019, bulk solid waste utilization rates reached 55.0%, up 5.0% from 2015. The utilization rate of gangue, fly ash, industrial by-product gypsum and straw was 70.0%, 78.0%, 70.0% and 86.0% respectively. During the 13th Five-Year Plan period, solid waste utilization volumes totaled 13.0 million tons, and decreased land occupation of more than 666.7 million square meters.Industry revenue is forecast to rise at an annualized 6.0% over the five years through 2028, to $36.3 billion. Continued urbanization and a rising emphasis on environmental protection and resource reclamation are anticipated to drive industry growth in the coming years. However, industry growth is projected to be slower than over the past five years due to China's slower economic growth and increased controls in some downstream sectors, particularly in manufacturing.
Trends and Insights
- Increasing environmental consciousness is promoting the industry’s development. Increased construction activity in the heavy industry sector, rising household waste volumes and growth in automobile numbers have also supported the industry.
- The Solid Waste Recycling industry recycles a range of solid waste products from businesses and households. Most of the recycled products are processed for re-use and are sold to manufacturers and constructors.
- Industry are mainly concentrated in East China and South China. These regions are characterized by high regional economic development, populations and business activity, which are favored by the industry.
- Most firms operating within the industry compete on the basis of product quality and reliability, technological leadership and price. Firms also strive to maintain competitive advantages through price by implementing low-cost manufacturing initiatives.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 8.5 % over the past five years, to reach an estimated $27.2bn in 2024.
Trends and Insights
Increasing environmental consciousness promotes industry development
- Technological improvements, greater environmental consciousness, strong demand for limited resources and China's ongoing urbanization have driven the industry's development over the past five years. Increased construction activity in the heavy industry sector, rising household waste volumes and growth in automobile numbers have also supported industry growth over the period.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Domestic demand will likely rise
- Demand for industry services is projected to rise over the next five years as solid waste volumes continue to increase at a moderate rate.
Biggest companies in the Solid Waste Recycling in China
| Company | Market Share (%)
2023 | Revenue ($short_0)
2023 |
|---|
There are no companies that hold a large enough market share in the Solid Waste Recycling in China industry for IBISWorld to include in this product.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Nonmetallic ore recycling, Rubber recycling and Glass and plastic waste recycling. Nonmetallic ore recycling is the largest segment of the Solid Waste Recycling in China.
Trends and Insights
Nonmetallic ore recycling is the largest product segment
- Most nonmetallic ores are recycled from metal mines and gold mines. Some products can also be recycled from production waste, waste water and waste gas.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- There are no industries to display.
Complementors
- Iron Ore Mining in China
- Aluminum Ore Mining in China
- Plastic Board, Pipe & Sheet Manufacturing in China
- Metal Recycling in China
- Hazardous Waste Management in China
International industries
- Recycling Facilities in the US
- Electronic Goods Recycling in the US
- Battery Recycling in the US
- Tire & Rubber Recycling in the US
- Cell Phone Recycling in the US
Table of Contents
About this industry
Industry definition
Firms in the Solid Waste Recycling industry sort and conduct secondary recovery of non-metal waste and recycled fragments from various other types of solid waste. These enterprises turn waste into usable raw materials and also prepare waste for further processing. Producing new products using solid waste is not included in the industry.
What's included in this industry?
Recycling non-metallic oreRecycling rubbersRecycling glass and plastic waste recyclingRecycling coke powder and other productsCompanies
Purchase this report to view all major companies in this industry.
Related Terms
BIODIESELPROCESSING FACTORYSCRAPPerformance
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
Increasing environmental consciousness is promoting the industry’s development. Increased construction activity in the heavy industry sector, rising household waste volumes a...
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
The Solid Waste Recycling industry recycles a range of solid waste products from businesses and households. Most of the recycled products are processed for re-use and are sol...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
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
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
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
Industry are mainly concentrated in East China and South China. These regions are characterized by high regional economic development, populations and business activity, whic...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Asia Pacific, 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
Most firms operating within the industry compete on the basis of product quality and reliability, technological leadership and price. Firms also strive to maintain competitiv...
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
Waste recyclers have disposal and recycling facilities like landfill and alternative waste treatment facilities. They can generate captive markets for both of these types of ...
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
Detailed analysis
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Customer relationships, technical expertise, efficient facilities and highly skilled staff help solid waste recycling firms maintain a competitive advantage in the industry. ...
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
The industry’s largest cost is input material purchases. Purchase costs are expected to account for over three-quarters of industry revenue in 2023.
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
- 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 China include:
- National Bureau of Statistics China
- General Administration of Customs
- People’s Bank of China
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 Solid Waste Recycling industry in China in 2024?
The market size of the Solid Waste Recycling industry in China is $27.2bn in 2024.
How many businesses are there in the Solid Waste Recycling in China industry in 2024?
There are 1,156 businesses in the Solid Waste Recycling industry in China, which has grown at a CAGR of 7.3 % between 2019 and 2024.
Has the Solid Waste Recycling industry in China grown or declined over the past 5 years?
The market size of the Solid Waste Recycling industry in China has been growing at a CAGR of 8.5 % between 2019 and 2024.
What is the forecast growth of the Solid Waste Recycling industry in China over the next 5 years?
Over the next five years, the Solid Waste Recycling industry in China is expected to grow.
What does the Solid Waste Recycling in China include?
Recycling non-metallic ore and Recycling rubbers are part of the Solid Waste Recycling industry.
How competitive is the Solid Waste Recycling industry in China?
The level of competition is moderate and increasing in the Solid Waste Recycling industry in China.
