The value added of sewerage and waste management in Canada has shown a general upward trend from 2013 to 2023, starting from 5.46 billion CAD in 2013 and reaching 8.21 billion CAD in 2023. Significant year-on-year variations include a peak increase of 12.35% in 2021, likely influenced by post-pandemic economic recovery, and a notable decrease of -7.21% in 2020, reflecting pandemic-related disruptions. Over the last two years, the sector maintained moderate growth with a 3.56% increase in 2022 and a 3.39% increase in 2023. The five-year CAGR from 2018 to 2023 stands at 3.28%, indicating steady but moderate annual growth.
Looking forward, forecast data for 2024 to 2028 suggests a continuation of this growth trend, with the value added expected to reach 9.49 billion CAD by 2028, representing a forecasted five-year CAGR of 2.29% and an overall growth rate of 11.99%. Analysts should watch for trends related to environmental regulations, technological advancements in waste management, and economic factors influencing the industry.
