Construction and Demolition Waste Management Global Market Report 2024

The construction and demolition waste management market size has grown strongly in recent years. It will grow from $193.02 billion in 2023 to $206.4 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The expansion observed in the historical period can be attributed to the shift toward sustainable practices, a boom in urban development, goals aimed at cost reduction, shortages in landfill space, and concerns regarding scarcity of resources.

The construction and demolition waste management market size is expected to see strong growth in the next few years. It will grow to $271.68 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. Anticipated growth in the upcoming period is expected due to regulatory initiatives promoting sustainability, the impact of urbanization, the adoption of green construction standards, and an emphasis on reclaiming and reusing materials. Key trends projected for this period encompass circular economy initiatives, the implementation of green building practices, innovations in waste processing methods, increasing public awareness and pursuit of sustainability goals, as well as efforts aimed at cost-efficiency and resource recovery within the construction and waste management sectors.

The surge in environmental concerns has become a significant catalyst propelling growth within the construction and demolition waste management markets. A multitude of environmental issues, spanning global warming, air and water pollution, waste disposal challenges, ozone layer depletion, and climate change, are impacting natural resources, ecosystems, human health, and nations worldwide. The escalating impact of excessive construction and demolition waste on the environment has spurred a heightened demand for effective waste management services in this sector. For instance, a 2021 study by the construction blog Bimhow revealed alarming statistics, attributing 50% of climatic change, 23% of air pollution, 40% of water pollution, and 50% of landfill waste to the construction industry. Consequently, the intensifying environmental concerns are projected to be a key driver fueling the expansion of the construction and demolition waste management market in the foreseeable future.

The construction industry's rapid expansion is anticipated to be a key driver propelling growth within the construction and demolition waste management (CDWM) market in the forthcoming years. This sector encompasses a broad spectrum of activities encompassing structural and infrastructure planning, design, execution, maintenance, and revitalization. Within this context, CDWM assumes a pivotal role by advocating sustainability and resource efficiency. It aims to curtail, repurpose, and recycle the substantial volume of waste generated during construction, renovation, and demolition endeavors. For example, in December 2023, as reported by the U.S. Census Bureau, a pivotal organization in the U.S. Federal Statistics system, construction spending is estimated to reach $2,027.1 billion in October 2023, exhibiting a 0.6% increase over the revised September projection of $2,014.7 billion. Furthermore, this October projection reflects a remarkable 10.7% surge compared to the October 2022 estimate of $1,830.5 billion. Consequently, the robust expansion of the construction industry stands as a driving force behind the growth of the construction and demolition waste management market.

The adoption of technological advancements has emerged as a prominent trend shaping the landscape of the construction and demolition waste management market. Innovations such as the integration of AI-powered robots within recycling facilities are gaining traction, aimed at enhancing the efficiency and quality of recycling operations in waste management within construction activities. Notably, in September 2021, AMP Robotics Corp., a U.S.-based company specializing in intelligent robotics systems for recycling operations, introduced its inaugural AI-guided robotics systems, a single AMP Cortex unit along with a tandem unit in the UK and Ireland. This implementation aimed to elevate pick rates and enhance bale purity in managing construction and demolition debris. Leveraging deep learning and computer vision, this technology empowers robotics systems to identify, segregate, and recover recyclable materials from the waste stream, marking a significant leap in streamlining recycling processes within construction and demolition waste management.

In the construction and demolition waste management market, major companies are increasingly embracing strategic partnerships as a cornerstone for establishing recycling facilities dedicated to managing building and demolition waste. These collaborations entail leveraging collective strengths and resources to achieve mutual advantages and success. For instance, in June 2021, Ramky Enviro, an India-based firm specializing in comprehensive environmental management services, joined forces with the Greater Hyderabad Municipal Corporation (GHMC), responsible for overseeing the city, to inaugurate Hyderabad's second construction and demolition recycling facility. This pioneering facility utilizes wet processing technology to mitigate dust pollution and possesses a substantial capacity of 500 TPD (tons per day) for managing building and demolition waste. Equipped with advanced separation systems, debris management mechanisms, multiple filtering units, material cleaning, sand washing, and water control systems, the Fathullaguda plant stands as one of South India's largest facilities of its kind. Operating through a public-private collaboration with the Greater Hyderabad Municipal Corporation, the facility extracts various products from the C&D waste, repurposing them for non-structural applications such as walkways and road sub-bases, thereby promoting sustainable reuse of recovered materials.

In January 2023, CEMEX S.A.B. de C.V., a prominent construction materials company headquartered in Mexico, completed the acquisition of SHTANG Recycle Ltd. for an undisclosed sum. This strategic acquisition further bolsters CEMEX's Future in Action initiative, which is geared towards attaining sustainable excellence through actions focused on climate responsibility, circularity, and the efficient management of natural resources. The overarching goal is to transition into a corporation that emits net-zero CO2. The acquired entity will be amalgamated into Regenera, a newly established arm of CEMEX specializing in circularity solutions. Regenera's offerings encompass a spectrum of services, including waste reception, management, recycling, and coprocessing. SHTANG Recycle Ltd., based in Israel, specializes in recycling demolition, construction, and excavation waste, aligning perfectly with CEMEX's commitment to enhancing sustainability and promoting circular economy practices.

Major companies operating in the construction and demolition waste management market report are Veolia Environnement S.A., Kajima Corporation, WM Intellectual Property Holdings L.L.C. Inc., SUEZ - Environnement, Hydro-Québec, Progressive Waste Solutions Ltd, Remondis SE & Co. KG, Republic Services Inc., FCC Environment, Waste Connections Inc., Clean Harbors Inc., Cleanaway Waste Management Limited, Renewi plc, Biffa plc, Advanced Disposal Services Inc., Zabruderska, Casella Waste Systems Inc., Eurovia Group, Bingo Industries Ltd, Daiseki Co. Ltd., Kiverco, N2Growth, Krause Manufacturing Inc., EcoWise, Windsor Waste, Gamma Waste Systems Ltd, IEISL (IL&FS Environmental Infrastructure & Services Ltd.), VpL Environmental Impact, Closed Loop Recycling, Recycling Technologies Inc., TerraUSD, Zero Waste Scotland, Siirto Perusko Oy, H2 Green Steel AB, AMEC Waste Management, Shanks Waste Management Limited.

Asia-Pacific was the largest region in the construction and demolition waste management market in 2023. The regions covered in the construction and demolition waste management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the construction and demolition waste management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Construction and demolition waste management services revolve around collection, recycling, landfilling, and incineration. Collection involves gathering waste generated from building construction, renovation, or demolition processes. Businesses involved in construction, renovation, and demolition generate various waste types such as inert materials, wood, cardboard, plastic, glass, and others. These waste management services cater to applications in both commercial and residential buildings.

The construction and demolition waste management market research report is one of a series of new reports that provides construction and demolition waste management market statistics, including construction and demolition waste management industry global market size, regional shares, competitors with construction and demolition waste management market share, detailed construction and demolition waste management segments, market trends and opportunities, and any further data you may need to thrive in the construction and demolition waste management industry. This construction and demolition waste management research market report deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The construction and demolition waste management market consists of revenues earned by entities that provide services such as landfilling, incineration, waste compaction, composting, and vermicomposting. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.