According to the research report titled ‘Global Construction & Demolition Waste Market Size study, by Source (Residential, commercial, Industrial, Municipal) by Type (Soil, Sand & Gravel, Concrete, Bricks & Masonry, Wood, Metal, Other) and Regional Forecasts 2021-2027’, available with MarketStudyReport, global construction & demolition waste market was worth USD 25.26  billion in 2020 and is anticipated to grow at a CAGR of 5.3% over 2021-2027,  amassing a valuation of USD 36.26 billion by the end of the forecast period.
 

Industry analysts cite that rapid growth in construction and renovation activities worldwide is driving the growth of the global construction & demolition waste market during 2021-2027.  
 

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Government policies and initiatives pertaining to proper recycling of waste generated by construction and demolition activities are propelling the industry expansion. Rise in population and  rapid globalization have also led to an overall increase in construction and demolition debris which is further boosting the market demand.
 

However, weak laws for illegal dumping of construction & demolition waste may hinder the growth of this sector in the upcoming years.
 

Based on source type, worldwide construction & demolition waste industry is segregated into residential, commercial, municipal and industrial segments.
 

By construction type, the industry is classified into soil, metal, wood, concrete, sand & gravel and bricks &masonry among others.
 

From a regional frame of reference, the industry  is spread across the North America, Europe, Asia Pacific and Latin America regions. Among these, Asia Pacific  currently holds a substantial market share because of a tremendous surge in construction & demolition activities in the region. Additionally, Europe market is expected to record high growth rate during 2021-2027, owing to imposition of stringent government rules and regulations pertaining to recycling construction waste.
 

Speaking of the competitive landscape, the research literature on global construction & demolition waste market sheds light on key players that boast of a strong presence in the business sphere. The companies analyzed on the basis of recent developments and financial performance are Waste Connections, Republic Services Inc., SUEZ, Axens North America, Inc., Clean Harbors, Inc., Veolia Environmental Services, FCC Environment Ltd., Daiseki Co., Ltd, Waste Management, Inc. and Progressive Waste Solutions Ltd.