The output of Waste Management and Materials Recovery in the US has shown significant growth over the past decade, rising from $63.59 billion in 2013 to $96.85 billion in 2023. Year-on-year variations in the most recent past indicate a 1.38% increase in 2022 and a 1.77% rise in 2023. The compound annual growth rate (CAGR) over the last five years stood at an average of 3.73%. Looking ahead, forecasts suggest a continuing upward trend, with the output expected to reach $105.02 billion by 2028, driven by a forecasted 5-year CAGR of 1.29%.
Future trends to watch for include technological innovations in waste processing and recycling, increased regulatory pressures for sustainable practices, and the growing focus on circular economy models. The integration of smart technologies in waste management operations and an emphasis on reducing landfill waste through enhanced material recovery techniques are expected to drive sector growth moving forward.
