Construction & Demolition Waste Recycling Market Revolutionary Trends in Industry Statistics by 2020-2027
Global construction & demolition waste recycling market size accounted for $126.9 billion in 2019, and is expected to reach $149.2 billion by 2027, registering a CAGR of 2.7% from 2020 to 2027.Cost-saving benefits, strict regulations related to illegal dumping, and rise in urbanization drive the growth of the global construction & demolition waste recycling market. However, unplanned sorting and cleaning activities of waste materials and high cost of processing hinder the market growth. On the other hand, emergence of green buildings due to environmental awareness creates new opportunities in the coming years. Growth Factor: Rise in urbanization is expected to result in growth in waste generation. In addition, recycling and reusing help reduce the project cost. Moreover, environmental problems such as soil, water, and air pollution has raised, owing to unplanned C&D waste dumping over the past few years. Environmental awareness has significantly fueled the demand for c...