The US sewerage and waste management output has shown a consistent upward trend from 2013, reaching $134.24 billion in 2023. The growth has seen fluctuations, with notable increases in 2016 (6.51%) and 2021 (11.48%). The five-year CAGR leading up to 2023 stands at 4.28%, indicating robust growth in this sector. Over the last two years, the output grew by 3.24% in 2023 and 2.27% in 2022.
Future trends to watch for include:
- The predicted 5-year CAGR of 2.25% from 2024 to 2028.
- Anticipated technological advancements in waste management processes.
- Increased investment in sustainable and eco-friendly waste management solutions.
- Potential regulatory changes that could impact waste management practices and costs.
- Expansion of services to accommodate growing urban populations and their waste production.