Between 2014 and 2023, the total waste generated by wood products manufacturing in Turkey increased from 130.25 thousand metric tons to 190.2 thousand metric tons. From 2014 to 2023, the yearly increases in waste volume showed a general trend of deceleration, with year-on-year growth rates declining from 6.69% in 2016 to 3.08% in 2023.
The Compound Annual Growth Rate (CAGR) also reflects this deceleration. From 2018 to 2023, the CAGR was approximately 3.45%, signifying a steady, though diminished, growth trajectory over the last five years. For the years ahead, from 2024 to 2028, the forecasted CAGR is expected to further slow down to 2.08%, projecting an annual growth of around 10.84% over this five-year period.
Future trends to watch for include:
- Potential implementation of more stringent environmental regulations, which may limit waste generation.
- Advances in manufacturing technologies that could improve efficiency and reduce waste.
- Increased adoption of recycling and waste-to-energy initiatives could impact the overall waste generated.
