From 2013 to 2023, the waste collection, treatment, and disposal activities, as well as materials recovery output in Canada, have shown a steady increase, rising from 8.21 billion CAD to 14.91 billion CAD. The year-on-year variations largely reflect positive growth trends with occasional minor setbacks, such as in 2020, when a -5.95% decrease was observed. However, subsequent years saw a return to growth, with 2023 reaching a value of 14.91 billion CAD, reflecting a 3.9% year-on-year increase. Analyzing the last five years (2019-2023), the compound annual growth rate (CAGR) was 2.18%, indicating slow but consistent growth. Forecasts for 2024 through 2028 anticipate this upward trajectory continuing, with a projected CAGR of 2.65% and an overall growth rate of 13.95%, reaching 17.62 billion CAD by 2028.
Future trends to watch for in this sector include technological advancements in waste processing and materials recovery, increased regulatory measures for waste management, and a potentially heightened emphasis on sustainable and circular economy practices that could drive further industry growth.
