Between 2013 and 2023, employment in the Waste Management and Materials Recovery Sector in Canada increased from 40.59 to 56.83 thousand persons. The sector had significant growth with a CAGR of roughly 1.38% over the last 5 years (2018-2023). The notable dip in 2020 with a -8.49% variation was due to pandemic impacts, but recovery ensued with a 10.18% increase in 2021. In 2023, the sector exhibited a modest year-on-year growth of 1.19%, marking a stable upward trend.
Looking forward, from 2024 onwards, the employment is projected to continue growing modestly at a forecasted 5-year CAGR of 0.97%, reaching 60.58 thousand persons by 2028. The overall employment is expected to achieve a forecasted 5-year growth rate of 4.94% by 2028.
Future trends to watch for include:
- Impact of environmental policies and regulations on sector growth.
- Adoption of advanced technologies and automation in waste management.
- Shifts in consumer behavior towards sustainability and recycling.
- Potential market disruptions and innovations in materials recovery processes.
