The Waste Treatment and Disposal sector in Austria experienced a consistent upward trend over the past decade, with turnover steadily increasing from 709.9 million euros in 2013 to 919.8 million euros in 2023. The sector showed notable peaks and troughs, such as a growth of 5.55% in 2014, followed by a slight decline in 2015, and a remarkable increase of 7.7% in 2019. The COVID-19 pandemic caused a moderate decline in 2020, but the sector quickly rebounded in the subsequent years, achieving a 2.14% year-on-year growth in 2023. The 5-year CAGR leading to 2023 stood at 2.37%, indicating a stable growth trajectory.
Looking forward, the forecast suggests the sector will continue to grow, albeit at a slightly moderated pace, reaching 1010 million euros by 2028. The forecasted 5-year CAGR from 2024 to 2028 is 1.56%, projecting an overall growth rate of 8.06% during this period.
Future trends to watch for include:
- Technological advancements in waste treatment processes that could improve efficiency and reduce costs.
- Increased regulation and policies promoting sustainability and higher recycling rates.
- Potential economic fluctuations or major global events that could impact the sector’s stability and growth.
