Forecast: Production in Waste Collection Sector in Spain

The waste collection sector in Spain has exhibited a pronounced upward trend in production from 2013 to 2023. Starting at 4.18 billion Euros in 2013, the sector saw a modest but steady increase over the years, reaching 6.16 billion Euros in 2023. Notable growth spurts were observed in 2017 and 2018, with annual variations of 5.21% and 6.69%, respectively. Significant jumps also occurred from 2019 to 2023, culminating in a year-on-year increase of 4.17% in 2023. The sector's compound annual growth rate (CAGR) for the past five years stands at 5.23%.

Future trends to watch for:

  • Forecasted steady growth at a CAGR of 2.73% from 2024 to 2028.
  • Potential market expansion driven by increasing waste generation and rising environmental awareness.
  • Technological advancements and policy frameworks targeting sustainability and efficiency improvements.

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