The recent forecast data for non-renewable waste consumption in the UK’s chemical and petrochemical sectors indicate a steady increase from 2024 to 2028. Starting at 1.72 thousand Terajoules in 2024, consumption is expected to rise consistently, reaching 2.06 thousand Terajoules by 2028. This represents an average compound annual growth rate (CAGR) of approximately 4.55% over these five years. Such growth suggests a reliance on non-renewable sources is anticipated to endure in these sectors.
Future trends to watch for include:
- Impacts of regulatory changes aiming for sustainability, potentially altering consumption patterns.
- Technological advancements in recycling and waste reduction that might curb non-renewable waste use.
- Market shifts toward more sustainable and circular economy practices that could significantly influence sector strategies and consumption figures.