The waste treatment and disposal sector in Turkey has shown significant growth from 2013 to 2023, escalating from 640.3 million New Turkish Liras to 2900 million New Turkish Liras. The year-on-year increase from 2022 to 2023 was 12.22%, reflecting a steady upward trend. Over the last five years, this sector experienced an average annual growth of 20.69% (CAGR). Notable surges occurred in 2018 and 2019 with year-on-year growth of 30.18% and 46.33% respectively. From 2024 onwards, according to forecasts, the sector is expected to continue its growth albeit at a slower pace with a projected five-year CAGR of 6.59%, culminating in 4410 million New Turkish Liras by 2028.
Future trends to watch for in this sector may include advancements in recycling technology, increased regulation and government initiatives to promote sustainable waste management practices, and a shift towards circular economy models. These factors could provide additional growth opportunities and foster innovation within the industry.
