Recycling to take off in Central and Eastern Europe?
By Lindsay Gale13 August 2014
According to a recent report produced by Growth Partnership Company Frost & Sullivan, European Construction and Demolition Recycling Services Market, this market is in a growth phase in Central and Eastern Europe that will see a compound annual growth rate (CAGR) of approaching 10% from 2012 to 2020.
According to the report, as the economic conditions in these regions of Europe improve, considerable investments in road building and other construction projects will result in the generation of large volumes of construction and demolition waste. In addition, the new EU member countries in the region are currently in the process of setting up resources and facilities to meet the EU Environmental Directives and Standards that include the achievement of a recycling target of 70% for all such waste by 2020.
"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," said Frost & Sullivan energy & environmental research analyst Monika Chrusciak. "Market revenues will also get a leg up from the future optimisation 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."
Detailed figures as to recycling rates for the demolition companies active in these regions are not available, but based on a few reports that have been in the pages of D&Ri over recent years, the industry in Central and Eastern Europe is likely to be achieving recycling rates well in excess of 70% - in many countries in Western Europe, recycling rates for demolition waste are routinely in excess of 95%. While we do not suggest that this is the case universally around Europe, there is no question that our industry delivers a substantially better recycling performance than the general construction sector with whose data that performance is generally included in official statistics.
For more information on the report, visit www.frost.com.