The recycling market is growing by leaps and bounds around the whole world, specialy in America. Being a source of great business opportunities, there are many other things that entrepreneurs can take advantage of.

Although, recycling is still a young industry that provides high-level potential for future business for new ventures. In the future, those who develop products will not only have to worry about quality and quantity, but also about the characteristics of the resulting waste due to the new institutional changes such as "the waste recovery law" or EPR (Extended Producer Responsibility) which is currently promoted by the Ministry of the Environment.

Recycling is a symptom of developed or developing countries. However, it is a clear indicator of accelerated growth, so worrying about the environment and the sustainable development of companies is a good country which generates great opportunities for social development.

Switzerland, Austria, Germany, Holland, and Norway are leaders in recycling. Even Brazil is the 3rd largest recycler of aluminum cans in the world. America stands out for its high level of recycling that has been achieved in steel and paper, but industries such as plastics and water are far from reaching maximum level of development.

An example that reveals the business potential of recycling is E-Waste (recycling of electronic products). If all the disused cell phones in Chile had been recycled in 2016, 10 million cell phones that were discarded in 2015 would have obtained almost US $ 12.5 million in gold, US $ 1.8 million in silver and the US $ 664,000 in copper.

Important data on energy saving:

  • Energy savings of 4,750 Kilowatt per ton of recycled paper.
  • For each ton of glass the saving is 1320 Kilowatt.
  • For each ton of plastic the saving is 23,000 Kilowatt.
  • For each ton of aluminum the saving is 16,850 Kilowatt.
  • Finally recycling is to make the system more efficient because efficiency means cost savings that translate into greater profitability for the industry and for the country.

Is recycling an emerging industry?

This is the most common question that comes to mind when you think to invest your hard earn money anywhere. It is an industry where certain types of waste is absolutely consolidated - for example, metal and paper - but for others, absolutely emerging and that will produce business for several million dollars in the coming years.

People understand the value of a recycled product and if we take it to figures they clearly become more aware of its value not only monetary but also for the contribution to the care of the environment.

There are most innovative recycling business ideas for starting up a new business in recycling. In industries such as steel, aluminum, plastic and certain types of paper, people do not perceive that part or all of them come from recycled raw materials. Today, the brand of sustainability and concern for the environment is packaging. A product is a differentiating element that customers begin to distinguish and prefer in our country.

Starting with recycling can be attractive and very well remunerated for entrepreneurs. It is enough to identify the products that are needed and then generate a strategy to collect the products in an orderly and clean way. It should consider issues such as:

  • What materials or products are recyclable and for what industry are they needed?
  • Where I can find them?
  • What is the cost for the removal of the material, cleaning and storage?
  • How will my production chain work, or in this collection?
  • Identify if I need more workers;
  • How much do I need to collect to make a good profit?

Based on these general questions, we can identify the potentialities of this market that continues to expand.

Author's Bio: 

Misty Jhones