The construction and demolition waste management market size has demonstrated robust expansion in recent years, progressing from $193.02 billion in 2023 to $206.4 billion in 2024, marking a compound annual growth rate (CAGR) of 6.9%. This growth is attributed to a shift towards sustainable practices, a boom in urban development, cost reduction goals, and concerns over landfill space shortages and resource scarcity. The market is expected to reach $271.68 billion by 2028, with a CAGR of 7.1%. This anticipated escalation is driven by regulatory pushes for sustainability, the impact of urbanization, green construction standards, and an emphasis on material reclamation and reuse.
Major Driver In The Construction And Demolition Waste Management Market
Heightened environmental concerns play a pivotal role in propelling the growth of the construction and demolition waste management markets. Environmental issues such as global warming, air and water pollution, waste disposal, and climate change exert significant pressures on natural resources and ecosystems. The detrimental effects of excessive construction and demolition waste generation underscore the necessity for effective waste management solutions. As per a study by the construction blog Bimhow, the construction sector contributes to 50% of climatic change, 23% of air pollution, 40% of water pollution, and 50% of landfill waste. Consequently, mounting environmental concerns are expected to drive the expansion of the construction and demolition waste management market. In 2023, the construction and demolition waste management market stood at $P billion and is anticipated to reach $Q billion by 2024, further rising to $R billion by 2028.
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Construction And Demolition Waste Management Market Competitive Landscape
Veolia Environnement S.A., Kajima Corporation, WM Intellectual Property Holdings L.L.C. Inc., SUEZ - Environnement, Hydro-Québec, Progressive Waste Solutions Ltd, Remondis SE & Co. KG, Republic Services Inc., FCC Environment, Waste Connections Inc., Clean Harbors Inc., Cleanaway Waste Management Limited, Renewi plc, Biffa plc, Advanced Disposal Services Inc., Zabruderska, Casella Waste Systems Inc., Eurovia Group, Bingo Industries Ltd, Daiseki Co. Ltd., Kiverco, N2Growth, Krause Manufacturing Inc., EcoWise, Windsor Waste, Gamma Waste Systems Ltd, IEISL (IL&FS Environmental Infrastructure & Services Ltd.), VpL Environmental Impact, Closed Loop Recycling, Recycling Technologies Inc., TerraUSD, Zero Waste Scotland, Siirto Perusko Oy, H2 Green Steel AB, AMEC Waste Management, Shanks Waste Management Limited
Key Construction And Demolition Waste Management Market Trend
Technological advancements are shaping the construction and demolition waste management market. Innovations such as AI-powered robots at recycling plants are improving the quality and efficiency of recycling. For example, in September 2021, AMP Robotics Corp., a US-based company specializing in robotics for recycling, deployed AI-guided robotics systems in the UK and Ireland. These systems use deep learning and computer vision to enhance sorting and recovery of recyclables.
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Construction And Demolition Waste Management Market Segmentation
The construction and demolition waste management market covered in this report is segmented –
1) By Service: Collection, Recycling, Landfill, Incineration
2) By Business: Construction, Renovation, Demolition
3) By Waste: Inert, Wood, Cardboard, Plastic, Glass, Other Wastes
4) By Application: Commercial Buildings, Residential Buildings
By Geography:The regions covered in the construction and demolition waste management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the construction and demolition waste management market in 2023.
The Construction And Demolition Waste Management Global Market Report 2024 furnishes information about the global construction and demolition waste management market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
