The Construction And Demolition Waste Management Global Market Report 2023 by The Business Research Company, provides construction and demolition waste management market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Construction And Demolition Waste Management Global Market Report 2023, the global construction and demolition waste management market size will grow from $179.51 billion in 2022 to $188.81 billion in 2023 at a compound annual growth rate (CAGR) of 5.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global construction and demolition waste management is expected to grow to $243.56 billion in 2027 at a CAGR of 6.6%.
Growing environmental concerns are significantly contributing to the growth of the construction and demolition waste management markets. Environmental problems, including global warming, air pollution, water pollution, waste disposal, ozone layer depletion, climate change, and many more, are affecting natural resources, animals, humans, and nations on this planet. The negative impact of excessive construction and demolition waste generation on the environment is raising demand for effective construction and demolition waste management service adoption.
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The construction and demolition waste management market 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
Technological advancement is a key trend gaining popularity in the construction and demolition waste management market. Technologies such as the integration of AI-powered robots at recycling plants to increase the quality and speed of recycling activities in construction and waste management have been increasing in recent years. For instance, in September 2021, AMP Robotics Corp., a US-based company involved in designing intelligent robotics systems for recycling operations, installed its first AI-guided robotics systems, a single AMP Cortex unit along with a tandem unit in the UK and Ireland to improve pick rates and bale purity in construction and demolition debris. This technology is incorporated with deep learning and computer vision to guide robotics systems to identify, separate, and recover recyclables in the waste stream.
The construction and demolition waste management market report table of contents includes:
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Top Major Players
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