The Waste Collection, Treatment and Disposal Activities, Materials Recovery Gross Value Added in the US is projected to grow steadily from 2024 to 2028. In 2023, it was valued at an actual amount which set the foundation for this forecast. The year-on-year growth rate indicates a consistent increase, with the annual growth rate hovering around a 2-2.5% range each year. Over the five-year period from 2024 to 2028, the Compound Annual Growth Rate (CAGR) hovers effectively within this range, reflecting stable market conditions.
Future trends to watch for include:
- Enhancements in recycling technologies driving further efficiency in materials recovery.
- Increasing regulatory demands for sustainable waste management practices.
- Rising public awareness and corporate responsibility efforts impacting recycling rates.
- Potential economic fluctuations impacting capital investments in waste management sectors.
