In 2023, the number of enterprises in the UK's waste collection sector stood at approximately 3.10 thousand. The forecast indicates a steady year-on-year increase, with projected figures reaching 3.4 thousand enterprises by 2028. This represents a compound annual growth rate (CAGR) of about 1.82% over the five-year period from 2024 to 2028. Such consistent growth underscores a gradual expansion trend within this sector.
Future trends to watch for:
- Technological advancements in recycling and waste management could drive efficiency, attracting more enterprises.
- Regulatory changes and environmental policies may influence the entry or exit of businesses in this sector.
- Market consolidation trends as companies seek economies of scale to enhance profitability.
