The waste collection production in South Korea showed significant fluctuations from 2013 to 2023, rising from 676.3 Billion South Korean Wons in 2013 to 1577.2 Billion South Korean Wons in 2023. The year-on-year variation over the last two years showed a 8.68% increase in 2022 and a moderate 3.08% increase in 2023. The Compound Annual Growth Rate (CAGR) for the last five years was 3.11%, indicating steady moderate growth.
Looking towards the future, the forecasted CAGR for the next five years is 2.3%, with an overall growth of 12.04% from 2023 to 2028, reaching 1819.3 Billion South Korean Wons by 2028. Trends to watch for include technological advancements in waste management, increased regulatory measures, and an emphasis on sustainability practices which could influence production capacities and efficiencies in the waste collection sector.
