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The Growth of the UK Recycling Industry – Market Trends & Projections
The UK recycling industry is poised for significant transformation in the coming years. With the EU Packaging and Packaging Waste Directive setting ambitious recycling targets, the market is expected to grow at a CAGR of 5.22% from 2024 to 2030, reaching nearly £60 Billion. This growth is driven by increasing environmental awareness, public pressure, and evolving consumer behaviors that favor eco-friendly practices.
Key trends include a shift away from plastics incineration and towards chemical recycling, with the Single Use Plastics Directive stipulating that 25% of PET bottles should come from recycled plastics by 2025, rising to 30% by 2030. Additionally, the UK metal recycling market is forecast to reach £12 Million by 2030, at a CAGR of 6.50%, driven by industrial demand and growing public interest in sustainable practices.
As a business owner in the recycling industry, it’s crucial to stay ahead of these trends. At SBS Waste Services, we are committed to helping businesses like yours manage their waste sustainably. Whether it’s paper, plastic, or cardboard, we can help you recycle it responsibly. Contact us to learn more about how we can support your waste management needs.
Articles to check out:
Clearpoint Recycling Predictions for 2025