The waste management sector in the UK is set to experience modest growth with the number of enterprises rising from 6.07 thousand in 2024 to 6.35 thousand by 2028. This forecasts a steady year-on-year growth of approximately 1.15%. In 2023, the number of enterprises stood at 6.00 thousand, highlighting a gradually increasing trend. Over the forecast period, the Compound Annual Growth Rate (CAGR) is expected to average around 1.14%, indicating stable yet unspectacular expansion.
Future trends to watch for include:
- Increasing regulatory focus on sustainable waste management practices may drive new market entrants.
- Technological advancements could disrupt traditional models, offering opportunities for innovative waste solutions.
- Public and private investments in recycling and recovery infrastructure could impact enterprise growth.