In 2023, the amount of municipal waste composted in Chile stood at 0.033 units. Over the last two years, the year-on-year growth rate showed a consistent increase: 3.23% in 2021-2022 and 3.12% in 2022-2023. The Compound Annual Growth Rate (CAGR) over the last five years is approximately 1.94%. Forecast data from 2024 to 2028 indicates a steady growth of municipal waste composted, with a 5-year CAGR forecast at 2.25% and an overall forecasted growth rate of 11.76% from 2024 to 2028.
Future trends to watch for include technological advancements in composting processes, government regulations promoting environmental sustainability, and an increasing public awareness of waste management practices. These factors could drive higher growth rates beyond current forecasts.
