Between 2013 and 2023, the US Administrative and Waste Management Services sector displayed a consistent upward trend in gross output value, reaching $1253.6 billion in 2023. The annual growth rate peaked in 2014 (9.33%), fluctuating in subsequent years with significant slower growth post-2019. Over the last two years, growth has averaged around 2.81%, with a more moderate 2.88% increase in 2022 and 2.74% in 2023. The average annual growth rate over the past five years (CAGR) stood at 2.7%.
Future trends to monitor include:
- Forecasted CAGR for the next five years is 1.87%.
- Focus on innovation and tech integration in waste management.
- Regulatory and policy changes influencing the sector.
- Global economic conditions impacting sector stability and growth.
