The waste collection sector in Sweden has shown a steady increase in turnover from 2013 to 2023, reaching 19.65 billion Swedish Kronas in 2023. While there were periods of decline, 2017 (-6.31%) and 2018 (-8.16%), the general trend has been upward. Turnover began to recover in 2019 with slight growth (2.33%) followed by more robust growth in 2020 (9.2%). Between 2021 and 2023, there was consistent year-on-year growth, averaging approximately 2.91%. The average annual growth rate (CAGR) over the last five years stood at 4.02%.
Looking forward, from 2024 onwards, the waste collection sector in Sweden is expected to continue growing, with forecasts indicating an average annual growth rate (CAGR) of 1.97% through 2028. A cumulative growth rate of 10.26% is anticipated over the same period.
Future trends to watch for:
- Implementation of more stringent environmental regulations and technologies for waste management, influencing operational efficiencies and costs.
- Increased investments in recycling and sustainable practices.
- Adoption of smart waste collection systems and digital transformation within the sector.
- Impact of urbanization and population growth on waste generation volumes.