Analysis of the gross income of waste management and materials recovery in Canada indicates significant growth from 2013 to 2023, with revenue increasing from 50 million CAD to 230 million CAD. The growth was particularly pronounced in the years 2016 and 2018. The year-on-year variation saw fluctuations, with several periods of strong growth interspersed with declines, such as a notable dip in 2020. In 2023, the gross income stood at 230 million CAD, rising by 12.75% from the previous year.
Over the last five years, the compound annual growth rate (CAGR) was 4.45%. Forecasted data from 2024 onwards suggest continuous growth, with an average annual increase of 5.3% projected up to 2028. By 2028, the gross income is expected to have grown by 29.44% compared to 2023, reaching 321 million CAD.
Future trends to watch for:
- Technological advancements in waste management and recycling.
- Government regulations and policies focusing on sustainability.
- Increased adoption of circular economy practices across industries.
- Innovations in waste-to-energy solutions.
- Growing consumer and corporate awareness of environmental conservation.
