In 2023, the turnover in the UK's waste collection sector stood at 10.8 billion pounds sterling. Over the past decade, the industry has experienced fluctuating growth rates, with a notable high of 19.08% year-on-year increase in 2015. The CAGR for the last 5 years leading to 2023 stands at a modest 0.89%, reflecting a stabilization period after significant variations in earlier years. The industry's growth has slowed in recent years, with year-on-year variations showing minor increases of 2.55% in 2022 and 2.43% in 2023.
Looking forward, forecasted data indicates that the industry's turnover will continue to grow, albeit at a slower pace, with a 5-year forecast CAGR of 1.68% and an overall growth rate of 8.66% by 2028.
Future trends to watch for include advancements in recycling technologies, regulatory changes, and the impact of sustainability initiatives. These factors could drive further growth or introduce new challenges in the waste collection sector.
