In 2024, the forecasted market size for waste collection, treatment, and disposal activities, along with materials recovery in the U.S., is projected at $98.52 billion. This market is expected to consistently grow over the coming years, reaching $105.02 billion in 2028. From 2024 to 2025, the market is anticipated to rise by approximately 1.67%, with a similar upward trend noted in the subsequent years. Over the five-year period, the compound annual growth rate (CAGR) is estimated to be around 1.61%. This reflects a steady increase in waste management and recycling activities driven by regulatory changes and rising environmental awareness.
Future trends to watch for include:
- Increasing investments in technology to enhance materials recovery efficiency.
- Stricter regulatory pressures on waste reduction and sustainable practices.
- Greater emphasis on circular economy strategies that promote recycling and resource recovery.
- Enhanced community awareness and participation in sustainability programs.