Construction & Demolition Waste Market to Grow with a CAGR of 5.69% through 2028
Growing demand for sustainable construction practices
and Stringent government regulations on waste disposal are likely to drive the
market in the forecast period.
According to TechSci Research report, “Construction
& Demolition Waste Market – Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2028”, the Global
Construction & Demolition Waste Market stood at USD 67.12 billion in 2022
and is anticipated to grow with a CAGR of 5.69% in the forecast period. One of
the primary drivers propelling the global Construction and Demolition (C&D)
Waste market is the phenomenon of rapid urbanization and the associated surge
in infrastructure development. As the world's population continues to migrate
to urban areas in search of improved living standards and employment
opportunities, cities are expanding at an unprecedented pace. This urban growth
necessitates the construction of new residential buildings, commercial
complexes, transportation networks, and public utilities. However, it also
results in the demolition of old and obsolete structures to make way for modern
developments. Consequently, the demand for construction materials surges,
giving rise to increased C&D waste generation. In emerging economies like
India and China, urbanization is particularly robust, contributing
significantly to the global C&D waste market. The construction and
demolition activities driven by urbanization translate into a consistent stream
of waste materials, including concrete, steel, wood, and plastics, further
fueling the industry's growth. Governments and stakeholders must recognize the
importance of efficient C&D waste management strategies to address the environmental
and logistical challenges associated with rapid urbanization while also
harnessing the economic potential of recycling and repurposing C&D waste
materials.
Sustainable construction practices and growing
environmental awareness represent a powerful drivers in the global Construction
and Demolition (C&D) Waste market. In response to increasing environmental
concerns and regulatory pressures, the construction industry is undergoing a
transformation towards more eco-friendly building methods. Sustainability
initiatives, such as LEED (Leadership in Energy and Environmental Design)
certification and BREEAM (Building Research Establishment Environmental Assessment
Method), have gained prominence. These certifications prioritize energy
efficiency, waste reduction, and the use of environmentally friendly materials
in construction projects. This shift towards sustainability is compelling
construction companies to adopt waste reduction, recycling, and responsible
waste management practices. Builders and developers are increasingly conscious
of the environmental footprint of their projects, striving to minimize waste
generation, reuse materials, and recycle C&D waste whenever possible.
Moreover, governments are implementing regulations and incentives to encourage
sustainable construction practices. They are setting waste diversion targets,
promoting the use of recycled materials, and enforcing stringent waste
management regulations, all of which contribute to the growth of the C&D
Waste market. The growing synergy between sustainability, environmental
awareness, and the C&D Waste market underscores the industry's potential
for innovation and growth as it strives to reduce its environmental impact and
promote the responsible management of construction and demolition waste.
Browse over XX market data Figures spread
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The Global Construction & Demolition Waste Market
is segmented into material, source, service, end user and region.
Based on material, The Concrete segment had the
largest market share in 2022 & expected to maintain in the forecast period.
Concrete is one of the most extensively used construction materials worldwide.
Its popularity can be attributed to its strength, durability, versatility, and
cost-effectiveness. In virtually every construction project, whether it
involves buildings, roads, bridges, or infrastructure, concrete plays a pivotal
role. Consequently, the sheer volume of concrete utilized ensures that C&D
waste from this material source is abundant. Concrete structures are known for
their longevity, often spanning decades or even centuries. However, over time,
they may require renovation, expansion, or eventual demolition. When such
events occur, a substantial amount of concrete waste is generated, further
bolstering its prominence in the C&D waste market. Concrete is
exceptionally dense and heavy, which means that it constitutes a significant
portion of the total weight of C&D waste. This characteristic amplifies its
impact on the market in terms of volume and weight.
Based on source, The Demolition segment had the
largest market share in 2022 and is projected to experience rapid growth during
the forecast period. Demolition
activities typically involve the dismantling or tearing down of entire
structures, such as buildings, bridges, or industrial facilities. These
structures are comprised of various materials, including concrete, wood, metal,
glass, and plastics. As a result, the volume of waste generated from demolition
is substantial. This significant volume makes demolition a major source of
C&D waste. Many parts of the world have ageing infrastructure that requires
upgrading, renovation, or replacement. In developed countries, numerous
structures built several decades ago now require demolition to accommodate modern
building standards or repurposing. This constant need for infrastructure
redevelopment ensures a continuous flow of demolition-derived C&D waste.
Rapid urbanization and the need for sustainable urban planning have led to
urban renewal and redevelopment projects in cities worldwide.
Major companies operating in 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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“The Global Construction & Demolition Waste market
is expected to rise in the upcoming years and register a significant CAGR
during the forecast period. The
global population is increasing rapidly, and this is leading to the
urbanization of many areas. Urbanization is associated with the construction of
new buildings and infrastructure, which generates a lot of C&D waste. There
is a growing awareness of the environmental impact of C&D waste. This is
leading to the adoption of sustainable construction practices, such as waste
minimization and recycling. Governments around the world are imposing stricter
regulations on waste disposal. This is forcing businesses to adopt more
sustainable waste management practices. Therefore, the market of Construction &
Demolition Waste is expected to boost in the upcoming years.,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based management
consulting firm.
“Construction & Demolition Waste Market-
Global Industry Size, Share, Trends, Opportunity, and Forecast, By Material
(Soil, Sand, Concrete, Bricks & Masonry, Metal, Wood), By Source
(Demolition, Renovation, and Construction), By Service (Disposal and
Collection), By End User (Commercial, Residential, Industrial), By Region, By Competition Forecast &
Opportunities, 2018-2028F”, has evaluated the future growth potential of Global
Construction & Demolition Waste Market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Construction & Demolition Waste Market.
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