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The demand for recycled materials, such as recycled aggregates, metals, and plastics, is rising in the construction waste industry. These materials are increasingly utilized in applications like road construction, landscaping, and new building projects due to their cost-effectiveness and environmental benefits. By reducing the reliance on virgin resources and minimizing waste sent to landfills, recycled materials offer a sustainable alternative that aligns with the industry's growing focus on eco-friendly practices and circular economy principles. This trend is driving innovation and investment in construction waste recycling processes.
The global market for construction waste was reached USD 232.1 billion in 2023 and is projected to grow at a CAGR of 5.2% from 2024 to 2032, driven by rapid urbanization and infrastructure development.
The non-hazardous waste segment reached USD 186.4 billion in 2024 and is expected to grow at a CAGR of 5.3% from 2025 to 2034, supported by the ease of recycling materials like concrete, bricks, and wood, along with government regulations promoting sustainability.
The residential segment accounted for 40.6% of the market share in 2024 and is anticipated to grow at a CAGR of 5.6% through 2034, fueled by new housing projects and renovations supported by government affordable housing initiatives.
The U.S. construction waste market surpassed USD 44.1 billion in 2024 and is expected to grow at a CAGR of 5.6% through 2034, propelled by population growth and increased construction activities contributing significantly to the GDP.
Key players in the industry include Casella Waste Systems, Inc., Clean Harbors, Inc., Cleanaway Waste Management Limited, Daiseki Co., Ltd., FCC Environment Limited, GFL Environmental Inc., Kiverco, Metso Corporation, Remondis, Renewi plc, Republic Services, Veolia Environment S.A., Waste Connections, Windsor Waste, and WM Intellectual Property Holdings, LLC.