Construction and Demolition Waste Management Market to Experience a Healthy CAGR of 5.0% during 2023-2030

The global construction and demolition waste management market size was valued at USD 111.18 billion in 2022. The market is projected to grow from USD 114.54 billion in 2023 to USD 161.18 billion by 2030, exhibiting a CAGR of 5.0% during the forecast period. Fortune Business Insights™ presents this information in its report titled, “Construction and Demolition Waste Management Market Size, Share & COVID-19 Impact Analysis, By Material (Concrete & Gravel, Bricks & Ceramics, Asphalt & Tar, Timber & Wood Products, Metals, Others (conduit, pipes, etc.)), By Source (Demolition, Construction, and Renovation), By Service (Disposal and Collection), and Regional Forecast, 2023– 2030.”

During the forecast period, the growth and demand for construction and demolition waste management strategies are expected to drive market growth. Recycled materials offer various benefits, including eco-friendliness, cost-effectiveness, easy availability, and better flexibility in raw material procurement.

COVID-19 to Hamper Opportunities for New Construction Activities in International Markets

COVID-19 has caused a downturn in the market and hindered the market growth globally. The decline in real estate development and construction and cash liquidity in the market is estimated to obstruct the construction activities in the market. The disturbances of supply chain operations in the market also accounted for the decline in market growth.

East Delhi Municipal Corporation (EDMC) Initiated ‘On-Demand Collection’ to Propel Market Growth

East Delhi Municipal Corporation (EDMC), a municipal corporation in India, has recently declared an initiative for the on-demand collection of construction and demolition waste globally. For instance, in October, changing its strategy to increase C&D waste collection, the East Corporation reduced the number of designated C&D waste dumping locations from 61-17.

Heavy Investments by Governmental Authorities to Drive Market Growth

Infrastructure authorities and governments globally are currently highlighting investments in the development of waste recycling plants. The Asia Pacific countries have lesser capacity for recycling and reuse of construction debris.

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Competitive Landscape

Leading Players Adopt Acquisition Strategies to Stay Competitive

Due to disruptions created by the COVID-19 pandemic, most market players weren't ready to risk their businesses and make losses by entering volatile markets. However, as the impacts of COVID-19 began subsiding, companies were seen expanding their businesses across new markets. For instance, Imperial Dade acquired Empire Distributors to operate; major players are adopting 91 new distribution centers across the U.S. Similar such strategies are followed as they eye new markets for expansion and business growth.  

Notable Industry Development:

• March 2023: Frontier Waste Solutions, a U.S. based company, has announced the acquisition of Absolute Waste Services Inc. (AWS). The acquisition is anticipated to services.

Further Report Findings:

• Asia Pacific is anticipated to lead the global construction and demolition waste management market share from 2023-2030. The growth is mainly due to the great importance of the central government on infrastructure development and the rise in demand for residential buildings.
• India is projected to record the fastest CAGR due to establishing enhanced and new recycling facilities in the country. The demolition, renovation, and construction in a developing country, such as India, are leading to a promising development landscape of construction and demolition waste management.
• Rising need for developers and builders to reduce the cost acquired in the gaining of raw materials propels the market growth in North America.
• The Middle East & Africa is anticipated to progress with steady growth from 2023-2030 due to the sluggish adoption of recycled construction materials in the construction industry. 

LIST OF KEY COMPANIES PROFILED:

• Veolia Environment S.A. (France)
• Waste Connections (U.S.)
• Clean Harbors, Inc. (U.S.)
• Remondis (Germany)
• Republic Services (U.S.)
• FCC Environment Limited (U.K.)
• Waste Management (U.S.)
• Kiverco (Northern Ireland)
• Daiseki Co., Ltd. (Japan)
• Windsor Waste (U.K.)
• Casella Waste Systems, Inc. (U.S.)
• Renewi plc (U.K.)

Table of Segmentation: