How is Circular Economy Boosting the Growth of Brazilian Municipal Waste Management?
Private investments to increase future growth potential of recycling, resource recovery, and universal access to waste management and recycling services
Research Overview
The municipal waste management services market in Brazil is growing. The federal government has implemented public policies and plans, such as the National Basic Sanitation Plan (PLANSAB), to universalize basic sanitation and increase municipal waste collection levels by 2033. It aims to improve differentiated waste collection rates and eliminate improper or illegal waste disposal sites. Recent changes in legislation also encourage greater participation of the private sector in tenders and future concessions.
Boosting the rates of waste separation and recycling is a growing concern in the market. The government and companies seek to incorporate more efficient technologies at the different stages of the waste management value chain. The market is set to see the introduction of advanced technologies and circular economy solutions that mitigate greenhouse gas emissions and enhance resource recovery, such as waste-to-energy plants that will open up opportunities for new businesses in the country. With the recent legislative changes, drive to meet the objectives of the PLANSAB by 2033, and growing digital transformation, Brazil’s municipal waste management services market is positioned for dynamic growth.
The Frost & Sullivan study provides an in-depth analysis of the current state of Brazil’s municipal waste management services sector, highlighting the market transformations, key trends, drivers, and restraints until 2033. Frost & Sullivan estimates the market to be worth $4,106.5 million in revenue in 2021, registering an 8% compound annual growth rate from 2021 to 2033. In the coming years, private participation and digital transformation through sustainable and circular economy solutions will significantly help accelerate the sector’s growth and satisfy the objectives set in the PLANSAB.
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