In 2023, the volume of municipal waste designated for recovery operations in Australia stood at 4.97 million metric tons. Over the last two years, the year-on-year variation showed a drop of -0.78% each year. When evaluating the data from 2018 to 2023, the compound annual growth rate (CAGR) was approximately -0.44%. The noticeable peaks were seen in 2013 through 2015, where values reached their highest, followed by a sharp decline by 2017 and a more gradual decrease thereafter.
Forecasted data from 2024 to 2028 suggests a continued marginal decline with a forecasted 5-year CAGR of -0.66% and an average annual growth shrinkage of -3.28%. It indicates that the volume of municipal waste designated for recovery operations is expected to decline slowly but steadily.
Future trends to watch for include advancements in recycling technologies, regulatory changes focusing on waste reduction, and shifts in public behavior towards more sustainable practices. Monitoring these factors will be crucial for stakeholders aiming to reverse the declining trend and promote more effective waste recovery strategies in the coming years.
