The production value of remediation activities and other waste management services in Finland reached 51.6 million Euros in 2023, experiencing a moderate year-on-year growth of 5.09%. Over the past decade, the industry showed significant volatility with notable peaks and troughs. From 2014 to 2017, there was steady growth, peaking in 2016 at 97.7 million Euros. However, in 2018, there was a sharp decline by 55.27%, followed by fluctuating recovery efforts. The last two years showed stabilizing growth rates of 7.68% in 2022 and 5.09% in 2023. The compounded annual growth rate (CAGR) over the last five years was 4.01%, with forecast suggesting a modest increase at a 5-year CAGR of 0.38% until 2028.
The industry’s future trends to watch for include the impact of new environmental regulations, technological advancements in waste management, global economic conditions, and Finland’s commitment to sustainability goals. Additionally, the increasing emphasis on circular economy practices may drive the demand for more efficient waste management solutions.
