In 2023, the UK's national road freight volume of secondary raw materials, municipal, and other wastes stood at 179.1 Million Metric Tons. From 2024 to 2028, a steady year-on-year increase is projected with volumes rising from 180.4 to 185.85 Million Metric Tons. The compound annual growth rate (CAGR) is approximately 0.73% over the five-year period from 2024 to 2028, indicating a modest yet consistent upward trend.
Future trends to watch for:
- Increased investments in waste management technologies could further enhance freight efficiency.
- Regulatory changes focusing on sustainability and circular economy principles may impact growth rates and industry practices.
- Evolving consumer behavior towards recycling and waste reduction can influence material volumes in the freight market.