Recycling business is the order of the day. These days, we want to recycle almost anything and everything mostly because of the shortage of raw materials and also to protect the environment. Recycling is nothing but the art of making the same thing or a nearby thing from the unused products.
Recycling is a way to protect nature and consume lesser resources as the existing resources are being used and reused. In today’s resources are slowly depleting and it is required to find an alternative to retain the resources as well as suffice the daily needs. Recycling is one of the best ways to maintain the same.
Recycling business has become a huge market today and more and more people are taking this up as a business.
Here is a list of 10 recycling business ideas that are hot right now:-
1. Waste Paper Recycling Business
Paper is usually manufactured from the barks and woods of the tree. Therefore, it means the more the number of paper we use; the more the number of trees needs to be cut. This has a lot of negative impact on the environment and is a threat to human existence.
Keeping these factors in mind, the idea of waste paper recycling was introduced. Today, it has become a business and yields high returns on investment. In waste paper recycling, all the waste papers which include newspaper, magazines, books, unused notebooks etc are first shredded to tiny bits and then the long process of recycling is followed to produce the pulp. This pulp can be used again to manufacture papers from it.
It requires some investment initially but finally the returns are really good on the same.
Read more about – Paper Recycling Business
2. E-Waste Recycling
E-waste recycling is otherwise known as electronic waste recycling. As the name suggests, it refers to the recycling of unused electronic items like television, refrigerators, mobile phones etc.
Usually all these electronic devices have a high content of elements like cadmium, lead, phosphorous etc. present in it which is harmful for the environment. Therefore recycling these products is the best way to recreate and save mother earth.
E-waste recycling is a booming business these days due to the wastage of these electronic devices. All you need is to collect them and start the recycling process. The profits are almost double than the initial investment.
Read more about – E-waste Recycling Business
3. Battery Recycling
These days battery are being used in almost all the household items, automobiles etc. Therefore, battery recycling is becoming a booming industry these days. It has a high potential for people who are thinking to take it up as their business.
However, do remember it requires skilled labourers and as a fully fledged business it needs certain norms and permissions to be followed as laid by the government. Moreover, batteries have high content of dangerous element present in it which can be toxic in nature.
Therefore, recycling is important here along with precautions. The profits are moderate in this business.
Read more about – Battery Recycling Business
4. Garbage Recycling
Garbage recycling is something which the government has laid emphasis on. Garbage consists of any unused waste. This can include both decomposed and non-decomposed ones. The decomposed garbage are mostly the waste food materials, papers, sanitary napkins etc. and non-decomposed include plastics.
With proper modern techniques, the decomposed garbage is used to generate power and also serve as fertilizer for the soil whereas the plastics can be recycled again to form the same.
This is a leading industry and it has government aid as well for all those who want to take it up as business. Also, the returns on your investment are good and you get government grant and subsidies for the raw materials processing and man power.
5. Tyre Recycling
Tyre recycling is something that we see in our day to day lives. Every time our vehicle tyre gets punctured we go to the repair shop and get our tyre replaced. This is a small example where recycled tyres are being used.
Tyre recycling is a booming industry and it is gaining wide popularity too. All the unused rubber tyres are being recycled and new ones come to the market in its place. With the automobile industry in its peak, tyres business is getting lot of importance these days.
Like all business, all you need to know the source of raw materials and labourers and destination of the finished product, i.e. the market and the customer.
6. Aluminium Cans Recycling
Aluminium cans are mostly thrown away once the content is used. We see lot of these cans lying here and there and in the bins. These aluminium cans are taken to the treatment plants for recycling and are processed further to produce the new ones.
The aluminium cans are sold at a high price and hence yields good profits. However, you need to have a set up ready if you are considering this as a business. Also, some initial investments are required for the same but the profits are really high.
Also Read – Why Aluminium Recycling Is Important?
7. Packaging Cartons Recycling
Packaging cartons recycling is another good option for starting a business in it. The materials used are easily available and the production cost is also low. This will yield a good return on your investment.
Packaging cartons are nothing but cartons which contain the products. These days online marketing has become a trend and people purchase almost all their daily needs from online. These goods are delivered in a packaging carton and we finally dispose them. However, the same packets can be recycled and made into packaging containers.
8. Scrap Metal Recycling
Scrap metal recycling includes recycling metals which contain certain percentage of iron and without it. Scrap metals largely contain iron, lead, aluminium etc. and the same are being recycled to more useful form.
Although the initial investment is high in this case but the returns are really lucrative. These days’ metals are used in wide variety of things and this factor contributes towards having it as a profitable business.
9. Plastic Recycling
Plastic is extremely dangerous to the environment as it doesn’t get decomposed easily. It can block drainage, affect water life and create a mess on the places where it is thrown. Therefore, it is best to recycle these plastics to form new by products from them.
Plastics are common in usage and starting right from polythene to water containers everything is made out of them. The primary reason being they are cheap and although they cannot be decomposed, they can be melted easily.
Therefore, this can be a huge business and your investments are really less as compared to other business but it will give you good returns.
10. Food Waste Recycling
This is one of the most nature friendly ways of recycling. It is obvious that food waste is really high in the world and some or the other food is thrown out as it is not consumed. Therefore, food waste recycling has become a great business option these days.
It is easy for food to get decomposed and it does not emit any harmful or toxic gases while recycling. They are processed to generate bio-energy, fertilizers etc. Therefore, you practically require very less investment and the profits are moderate in this business.