Between 2013 and 2023, the waste collection turnover in the UK experienced both growth and fluctuations. From 2013's slight dip of -1.75%, the turnover surged by 32.25% in 2015 but saw a decline of -10.05% in 2016. The growth stabilized thereafter, showing continuous but moderate rises, with a 2.4% increase in 2023, bringing the value to 13.03 Billion Euros. Over the last five years ending in 2023, the Compound Annual Growth Rate (CAGR) was 2.2%.
Future trends to watch for include:
- Government regulations around environmental sustainability.
- Technological advancements in waste management.
- Increasing public and corporate emphasis on recycling and waste reduction.
- Economic conditions impacting investment in waste infrastructure.
Forecasts suggest the turnover will continue to grow modestly, with a five-year CAGR of 1.65% and an overall growth rate of 8.55% by 2028.
