Analysis of the waste management and materials recovery output in Canada shows a strong growth trend from 2013 to 2023, reaching 16.3 Billion Canadian Dollars in 2023. Year-on-year variations indicate fluctuations with notable dips and spikes, such as the significant decline of 6.85% in 2020 and a robust recovery of 15.86% in 2021. The Compounded Annual Growth Rate (CAGR) for the last five years stands at 4.42%.
Future trends to watch for include advancements in recycling technologies, increased regulatory pressures for sustainable waste management practices, and heightened investment in materials recovery infrastructure. These factors are expected to further boost industry growth, pushing the market to 19.79 Billion Canadian Dollars by 2028 with a forecasted 5-year CAGR of 3.06% and overall growth rate of 16.29%.
