The waste collection sector in Turkey has experienced significant growth over the past decade. From 2013 to 2023, turnover increased from 3.22 billion New Turkish Liras (TRY) to 10.68 billion TRY. Notable high growth periods include 2015 with a 27.41% year-on-year increase, 2016 with a 22.55% increase, and 2017 with a 33.14% increase. However, the sector also faced downturns in 2018 with a -0.55% decline and 2019 with a -8.76% decline.
For the period from 2019 to 2023, the sector displayed resilience amid fluctuations, with a moderate year-on-year growth of 6.54% in 2023. The average annual growth rate (CAGR) over the last five years stands at 5.92%, indicating stable overall growth despite periods of volatility.
Future trends suggest continued growth with a forecasted CAGR of 4.11% from 2024 to 2028, culminating in a projected turnover of 13.86 billion TRY by 2028. Key factors driving future growth could include increasing urbanization, regulatory changes favoring sustainable practices, and enhanced waste management technologies.
Future trends to watch for include:
- Adoption of smart waste management technologies.
- Increased emphasis on sustainability and recycling efforts.
- Potential regulatory changes impacting waste management practices.
- Growing urban populations leading to higher waste generation.
