The waste collection sector in the UK has shown varied growth over the last decade, evidencing both peaks and troughs. Notably, the sector experienced significant growth from 2013 to 2017, culminating in a peak value in 2018. Following this, a slight decline was noted in 2019, with a subsequent steady recovery and growth pattern until 2023. As of 2023, the production value stood at £10.62 billion. The year-on-year variation remarkably illustrates a mixed trend of expansion and contraction, with the last two years (2022 and 2023) exhibiting growth rates of 7.75% and 2.26% respectively. The average annual growth rate (CAGR) over the past five years (2019-2023) was 1.14%.
Looking ahead, the forecast data suggest a continued gradual upward trend, with a notable CAGR of 1.61% projected over the next five years (2024-2028), resulting in an overall growth rate of 8.3% by 2028. This indicates a positive but modestly paced expansion for the sector.
Future trends to watch for include advancements in recycling technologies, increased regulatory pressures for sustainable waste management, and potential impacts of economic fluctuations. Additionally, innovations in waste-to-energy conversions could further bolster sector growth.
