Waste Remediation and Materials Recovery Services in Australia - Industry Market Research Report

Clean sweep: Green initiatives and intensified waste regulations are boosting industry growth

Recent waste recovery targets have encouraged diverting waste from landfills towards industry-operated materials recovery facilities. Simultaneously, rising landfill levies have reduced the processing cost gaps between landfill disposal and recovery, reducing external competition. Rising metal prices have pushed up revenue from scrap metal recycling, however this has been offset by subdued construction activity. Overall, industry revenue is expected to grow at an annualised 1.9% over the five years through 2023-24, to total $7.7 billion. This includes an anticipated decline of 3.2% in 2023-24 due to weak demand from major markets.

Industry firms primarily remediate and clean up contaminated buildings and mine sites. These firms are also involved in mine reclamation activities; waste material recycling, recovery and sorting services; the removal of hazardous material like asbestos and lead paint; and other toxic material abatement. Industry firms also generate revenue from onselling recovered scrap materials.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.