The value added of the waste management and materials recovery industry in the US has shown a consistent growth trajectory from 2013 to 2023, reaching $48.05 billion in 2023. Year-on-year growth rates exhibit variability, with the highest significant uptick observed in 2017 at 14.07%. Over the last two years, growth has moderated to 0.86% in 2022 and 2.48% in 2023. The 5-year compound annual growth rate (CAGR) between 2018 and 2023 stands at 3%. Looking ahead, the forecasted values from 2024 to 2028 suggest a steady expansion with a 5-year CAGR of 1.76%, projecting a total increase of 9.13% over this period.
Future trends to watch for:
- Technological advancements in recycling and waste processing.
- Stricter environmental regulations driving innovations in waste management.
- Growing public awareness and demand for sustainable practices.
