In 2023, the value added in the water supply, sewerage, waste management, and remediation activities sector in Japan stood at 195.0 billion yen. For 2024, the sector is forecasted at 193.55 billion yen, continuing to decline gradually through 2028 to 186.98 billion yen. Year-on-year declines are modest, typically around 0.8%. The compound annual growth rate (CAGR) from 2023 to 2028 reflects an average yearly decrease, emphasizing ongoing contractions in the sector's value added.
Future trends to watch for include:
- Innovations in waste management technology which could alter sector dynamics.
- Policies on water conservation and environmental sustainability potentially impacting industry growth.
- Population changes influencing demand for water and waste services.