|By PR Newswire||
|August 13, 2014 05:31 AM EDT||
-- The majority of countries are introducing landfill restrictions - Available landfill space and capacity are declining
LONDON, Aug. 13, 2014 /PRNewswire/ -- In Central and Eastern Europe the construction and demolition (C&D) waste market has begun to witness changes and set to provide growth opportunities over the coming years. As the economic situation in the region improves, the market tenders vast investment into road and building constructions, which is expected to result in tangible volumes of C&D waste. In addition, the New EU Member States in Central & Eastern Europe are in the process of setting up the necessary resources and infrastructure for the compliance of various EU Environment Directives and Standards which includes securing a recycling target of 70 percent of all C&D waste by 2020.
New analysis from Frost & Sullivan, European Construction and Demolition Recycling Services Market, finds that in Central and Eastern Europe the market is in a growing phase and is expected to rapidly develop at a dynamic CAGR of nearly 10 percent from 2012 to 2020.
Currently, the C&D waste management in the region is concentrated on landfilling, mostly because it is still not economical and profitable to direct C&D waste to recycling plants. This trend is expected to change as the majority of Central and Eastern European countries are introducing landfill restrictions. Moreover, available landfill sites are shrinking in number and capacity. Furthermore, an improvement of collection schemes, recycling plant infrastructure and also technological developments in terms of C&D processing systems are expected.
"Market development is strongly driven by the Waste Directive (2008/98/EC), wherein C&D waste must achieve a cycling target of 70 percent by 2020," says Frost & Sullivan Energy & Environmental Research Analyst Monika Chrusciak. "Market revenues will also get a leg up from the future optimization of collection and recycling technologies. Higher investments in these services will aid the optimal processing of recyclable waste and improve safety work standards as well."
However, local legislation is not uniformly structured despite strong European Union support for C&D recycling. Dissimilar local interpretations lead to high variations in regional market development, which ultimately could alter market dynamics and profitability.
"The current lack of smart collection and sorting solutions is affecting the quality and the value of recycled materials," notes Chrusciak. "Hence, quality and quantity of C&D waste material are crucial for long-term collaborations with final recycling companies."
Market participants need to develop optimal waste management processes in place as soon as possible, as Central & Eastern Europe is expected to experience increased infrastructure development. The region is emerging from a downturn with construction companies looking for recycled downstream aggregate as an alternative to relatively costly primary construction material in the pursuit of a truly circular economy. These trends, along with development of environmental standards (ISO 14000) and greater green building initiative development (LEED, BREEAM), bode well for the recycling services market.
To receive a complimentary brochure of this study and for more information on this subject, please send an email to Chiara Carella, Corporate Communications, at [email protected].
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
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