The Waste Treatment and Disposal Sector in the UK experienced fluctuating turnover from 2013 to 2023. The turnover stood at £5.15 billion in 2023, representing a 2.12% year-on-year growth. Notably, the sector showed significant growth spurts in 2017 and 2018, while 2016 experienced a notable decline. Over the last five years (2018-2023), the sector's Compound Annual Growth Rate (CAGR) was 1.20%, indicating a moderate growth trajectory. Looking forward, the forecasted CAGR from 2024 to 2028 is 1.48%, with an overall growth rate of 7.6% over this period.
Future trends to watch for include:
- The impact of emerging waste treatment technologies
- Government regulations and policies aimed at sustainability
- Increased public awareness and demand for waste recycling
- Partnerships and investments in eco-friendly waste disposal methods
- Shifts in economic conditions affecting sector funding and operations
