As of 2023, the value added of the sector stood at approximately USD 64.5 billion. From 2024 onwards, the sector is expected to exhibit steady growth. Year-on-year, the forecast shows an average growth rate of about 2.1% from 2024 to 2028. Over this period, the compound annual growth rate (CAGR) is projected to be around 2.2%, marking consistent expansion in the sewerage, waste collection, treatment, disposal activities, and associated services.
Future trends to watch for include:
- Technological advancements in waste management processes for increased efficiency.
- Growing regulatory emphasis on sustainability and environmental practices.
- Increased investment in materials recovery and remediation activities.
- Potential market expansion due to rising urbanization and industrialization.
