From 2013 to 2023, the waste treatment and disposal sector in Sweden saw fluctuating turnover, starting at 495.9 million Euros in 2013 and reaching 564.2 million Euros in 2023. Over this period, there was an initial dip followed by gradual recovery with significant variations year-on-year; notable increases occurred in years like 2015, 2017, and 2020, each time driven by various market dynamics. The overall stability improved towards the last few years with relatively minor fluctuation starting from 2021. The compound annual growth rate (CAGR) over the last five years was 0.55%, reflecting a modest growth overall.
Looking forward from 2024 to 2028, the forecast indicates continued stability with marginal year-on-year growth. The waste treatment and disposal sector is expected to grow at a modest CAGR of 0.24%, capturing incremental market improvements. By 2028, the industry turnover is projected to reach 573.9 million Euros, suggesting a cautious but steady advance in market performance.
Trends to watch for in the future include:
- Technological advancements in waste management and recycling processes, potentially driving efficiencies.
- Regulatory changes focusing on sustainability and environment-friendly practices.
- Market entry of new players bringing innovation and competition.
- Impact of economic conditions and consumer behavior towards waste and recycling.
