The value of Sewerage, Waste Collection and Management Services in Canada has shown a general upward trend from 2013 to 2023, with some fluctuations. As of 2023, the sector’s Gross Value Added stood at CAD 8.37 billion, representing a year-on-year increase of 3.44%. The sector experienced robust growth between 2013 and 2019, followed by a dip in 2020 due to external factors. It rebounded in 2021 with a notable 10.08% increase, and has shown steadier, albeit slower, growth in the following years. Over the past five years, the sector grew at an average annual rate (CAGR) of 3.18%.
Future trends to watch for include:
- Continued technological advancements in waste management solutions.
- Shifts towards more sustainable practices and regulations impacting industry practices.
- Potential market consolidation to enhance efficiencies and scalability.
With a forecasted five-year CAGR of 2.37%, the industry expects moderate growth, driven by environmental policy changes and innovations in waste management technologies.
