Construction And Demolition Waste Management Market Growth, Latest Trends And Forecast To 2033

The Business Research Company recently released a comprehensive report on the Global Construction And Demolition Waste Management Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The construction and demolition waste management market size has grown strongly in recent years. It will grow from $193.02 billion in 2023 to $206.4 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to shift towards sustainable practices, urban development boom, cost reduction goals, landfill space shortage, resource scarcity concerns.

The construction and demolition waste management market size is expected to see strong growth in the next few years. It will grow to $271.68 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to regulatory push for sustainability, urbanization impact, green construction standards, material reclamation and reuse emphasis. Major trends in the forecast period include circular economy initiatives, green building practices, innovation in waste processing, public awareness and sustainability goals, cost-efficiency and resource recovery.

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Market Drivers and Trends:

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. For instance, in 2021, according to a study by the construction blog Bimhow, the construction sector contributes to 50% of climatic change, 23% of air pollution, 40% of water, and 50% of landfill waste. Therefore, growing environmental concerns are expected to drive the growth of the construction and demolition waste management market going forward.

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.

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Major Key Players of the Market:

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

Construction And Demolition Waste Management Market 2024 Key Insights:

• The construction and demolition waste management market size is expected to see strong growth in the next few years. It will grow to $271.68 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%.
• Construction And Demolition Waste Management Market Thrives Amid Growing Environmental Concerns
• Revolutionizing Waste Management Technological Advances In Construction And Demolition Waste Recycling
• Asia-Pacific was the largest region in the construction and demolition waste management market in 2023

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