In 2023, the municipal waste composted in Australia stood at 20.42 units. Reviewing actual data from 2013 to 2023, we observe fluctuations with significant growth post-2017. Notably, there was a 6.24% increase from 2022 to 2023. Analyzing the past two years, 2022 to 2023 saw a growth rate of 3.08%. The compound annual growth rate (CAGR) from 2019 to 2023 is 2.20%. Forecasting from 2024 to 2028, the municipal waste composted is predicted to grow at a 2.06% CAGR, reaching a cumulative growth of 10.75% by 2028.
Future trends to watch for:
- Advances in composting technology and infrastructure development.
- Increased regulatory focus on sustainable waste management practices.
- Public and private sector initiatives aimed at reducing landfill dependency.
