The municipal waste disposal operations output in South Korea has shown various fluctuations over the past decade. Initially observed as declining from 2013 through 2017, it saw a notable increase from 2018 onwards. Notably, from 2019 to 2023, the output experienced substantial year-on-year growth. By 2023, the value stood at 4.8 million metric tons, underscoring a period of robust expansion.
Particularly, the year-on-year growth rates from 2022 to 2023 were around 5.48%, reflecting a steady rise. Looking back five years from 2018 to 2023, the Compound Annual Growth Rate (CAGR) was approximately 8.41%, demonstrating strong and consistent growth.
Forecasts predict continued growth from 2024 to 2028, with an anticipated CAGR of 3.55% and a cumulative growth rate of about 19.07%. This suggests a stable upward trend in municipal waste disposal operations output, reaching potentially 6.01 million metric tons by 2028.
Future trends to watch for include advancements in waste management technologies and policies influencing waste reduction, recycling rates, and overall efficiency in municipal waste operations. Additionally, the potential impact of environmental regulations and an increasing focus on sustainability may further shape the trajectory of this sector.
