As per the latest report from TechSci Research the Global Construction & Demolition Waste Market reached USD 67.12 billion in 2022 and is projected to expand at a CAGR of 5.69% throughout the forecast period. A primary impetus driving the global Construction and Demolition (C&D) Waste market is the phenomenon of rapid urbanization coupled with the surge in infrastructure development. As populations increasingly gravitate towards urban centers in pursuit of enhanced living standards and employment prospects, cities are undergoing unprecedented expansion. This urban growth necessitates the construction of new residential complexes, commercial buildings, transportation networks, and public utilities. However, it also entails the demolition of outdated structures to accommodate modern developments. Consequently, there is a surge in demand for construction materials, leading to an increased generation of C&D waste. Notably, in burgeoning economies such as India and China, robust urbanization significantly contributes to the global C&D waste market.
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Sustainable construction practices and escalating environmental consciousness serve as potent drivers in the global Construction and Demolition (C&D) Waste market. In response to mounting environmental concerns and regulatory pressures, the construction industry is undergoing a paradigm shift towards eco-friendly building methods. Certifications such as LEED (Leadership in Energy and Environmental Design) and BREEAM (Building Research Establishment Environmental Assessment Method) have gained traction, prioritizing energy efficiency, waste reduction, and the use of environmentally friendly materials. Consequently, construction companies are increasingly adopting waste reduction, recycling, and responsible waste management practices. Governments are also stepping up regulatory measures and incentives to promote sustainable construction practices, including setting waste diversion targets and enforcing stringent waste management regulations.
The Global Construction & Demolition Waste Market is segmented by material, source, service, end user, and region. Concrete emerges as the dominant material segment owing to its extensive use in construction projects worldwide, contributing significantly to C&D waste generation. Demolition activities represent the largest source of C&D waste, driven by the constant need for infrastructure redevelopment and urban renewal projects.
Major companies operating in the Global Construction & Demolition Waste Market are:
- Waste Management, Inc.
- Veolia Environnement S.A
- Republic Services, Inc
- Waste Connections, Inc
- Clean Harbors, Inc.
- Stericycle, Inc
- GFL Environmental Inc.
- Remondis SE & Co. KG
- Biffa PLC
- Shanks Group PLC
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Mr. Karan Chechi, Research Director at TechSci Research, highlighted the burgeoning prospects of the Global Construction & Demolition Waste Market amid the global population surge and escalating urbanization trends. TechSci Research’s comprehensive report, “Construction & Demolition Waste Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, By Material, Source, Service, End User, Region, By Competition Forecast & Opportunities, 2018-2028F”, aims to furnish stakeholders with cutting-edge market intelligence to facilitate informed investment decisions. The report identifies emerging trends, drivers, challenges, and opportunities within the Global Construction & Demolition Waste Market, thus empowering decision-makers to navigate the evolving landscape effectively.
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