The global Construction & Demolition Waste Management Market is poised for growth due to the increasing demand for sustainable construction practices and stringent government regulations on waste disposal. According to the TechSci Research report titled “Construction & Demolition Waste Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028,” the market stood at USD 67.12 billion in 2022 and is expected to grow at a CAGR of 5.69% during the forecast period.
Rapid urbanization and infrastructure development are primary drivers propelling the C&D Waste market, fueled by the global population’s migration to urban areas. The construction of new buildings and infrastructure, along with the demolition of old structures, results in a consistent stream of waste materials such as concrete, steel, wood, and plastics. Efficient C&D waste management is essential to address environmental challenges and capitalize on the economic potential of recycling and repurposing materials.
The global shift towards sustainable construction practices and increased environmental awareness are powerful drivers in the C&D Waste market. Initiatives like LEED and BREEAM certifications prioritize energy efficiency, waste reduction, and environmentally friendly materials. Construction companies are adopting waste reduction, recycling, and responsible waste management practices, aligning with governments’ regulations and incentives promoting sustainability.
The market is segmented based on material, source, service, end-user, and region. The concrete segment dominates the material category due to its extensive use in construction. Demolition activities are the leading source of C&D waste, with significant growth projected. Major companies in the market include Waste Management, Veolia Environnement, Republic Services, Waste Connections, Clean Harbors, Stericycle, GFL Environmental, Remondis, Biffa PLC, and Shanks Group PLC.
The Construction & Demolition Waste market is expected to rise significantly during the forecast period, driven by the global population’s rapid increase and associated urbanization. Sustainable construction practices, government regulations, and a growing awareness of environmental impact contribute to the market’s potential for innovation and growth.
TechSci Research anticipates a substantial CAGR for the Construction & Demolition Waste market, driven by urbanization, construction activities, and the adoption of sustainable waste management practices. The report provides comprehensive insights, statistics, and future growth projections, assisting decision-makers in making informed investment decisions and identifying emerging trends, drivers, challenges, and opportunities in the global market.
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