The volume of municipal waste composted in Canada has been steadily increasing. As of 2023, it stood at 3.41 million metric tons. The year-on-year variation has shown consistent growth over the last two years, with a 2.68% increase in 2022 and a 2.56% increase in 2023. The average annual growth (CAGR) over the last five years until 2023 was roughly 3.46%, indicating a steady rise in composting activity.
Moving forward, the forecast data from 2024 to 2028 suggests a moderate growth rate, with a projected average annual growth (CAGR) of 1.78% and an overall five-year growth rate of 9.21%. This indicates that while the growth rate may slow down slightly, the volume of composted municipal waste will continue to increase.
Future Trends to Watch For:
- Potential policy changes aimed at promoting composting and waste reduction.
- Technological advancements in composting processes that could enhance efficiency.
- Changes in population growth or urbanization rates which might impact waste generation.
- Increased public awareness and participation in composting programs.