In Turkey, the number of high growth enterprises in waste collection saw notable fluctuations from 2014 to 2023. The count decreased overall from 49 enterprises in 2014 to 17 in 2023, reflected by an average CAGR of -13.45% over the last five years. The annual changes included both significant increases and sharp decreases; noteworthy among them was a precipitous drop of -37.14% in 2019 followed by a 50% increase in 2020. However, the trend remained negative with a -15% year-on-year decline experienced in 2023.
Forecasted data from 2024 onwards predict a continued decline, reaching just 5 enterprises by 2028, indicating an average annual decrease (CAGR) of -19.73%. This suggests a long-term downward trend in the sector.
Future trends to watch for include potential market consolidation, technological advancements in waste management, regulatory changes, and emerging environmental sustainability initiatives which could impact the sector's dynamics.
