In 2023, renewable municipal waste consumption in the UK's chemical and petrochemical sectors stood at 39.05 thousand tonnes of oil equivalent. Forecasted figures from 2024 to 2028 show a steady increase, reaching 49.08 by 2028. Year-on-year growth is estimated at about 5% annually, showcasing a continuous upward trend. Over the five-year forecasted period, the compound annual growth rate (CAGR) is roughly 4.67%, confirming a solid commitment to sustainability.
Future trends to watch include technological advancements in renewable waste processing, regulatory shifts towards greener practices, and economic factors impacting investment in renewable sectors. These could influence growth rates and adoption rates significantly.
