The waste collection turnover in Finland has shown fluctuations over the past decade, with significant variations in both year-on-year changes and compound annual growth rates (CAGR). The turnover peaked at €373.6 million in 2019, followed by a decline in 2020. Over the last two years (2021-2022), the year-on-year growth rates have stabilized, with values consistently just above or below 1%. Standing at €365.4 million in 2023, the growth has been modest but steady.
For the future, forecasted data from 2024 to 2028 suggests a slight upward trend, with a forecasted 5-year CAGR of 0.43% and an overall growth rate of 2.15%. This indicates gradual but consistent growth in the sector, likely driven by increased regulations, rising urbanization, and advancements in waste management technologies.
Future trends to watch for include the impact of stricter environmental regulations, advancements in recycling technologies, and potential market consolidation. Additionally, the growing emphasis on sustainability could drive more innovations in waste collection and management practices.
