The volume of municipal waste recycled in Australia saw a consistent decline over the past decade, decreasing from 4.23 million metric tons in 2013 to 2.4 million metric tons in 2023. Year-on-year variation indicated fluctuating drops, with a significant decrease by 4.12% from 2022 to 2023. The compounded annual growth rate (CAGR) over the last five years, ending in 2023, averaged at -3.28%. Forecasts from 2024 to 2028 further project a decline, with a forecasted 5-year CAGR of -4.04%, resulting in an estimated volume of 1.86 million metric tons by 2028.
Future trends to watch for:
- New government policies and regulations aimed at increasing recycling rates.
- Technological advancements in recycling processes and infrastructure.
- Public awareness and behavioral changes towards waste management.
- Market developments for recycled materials and potential economic incentives.
