Is waste recycling a promising industry

According to the 2016-2021 China Waste Materials Recycling and Processing Industry Market Outlook and Investment Planning Analysis Report by the Prospective Industry Research Institute, the waste recycling industry is a highly promising industry, whether from an environmental or economic perspective. But the reality is that after a few years of good times, the industry is experiencing difficulties. Scrap recycling prices continue to fall, the collection of goods continue to decline, so that the operators complained of suffering.

The recycling of waste materials has a history of more than 50 years in China. At present, China's renewable resources recycling enterprises have more than 5,000, the annual recyclable renewable resources nearly 100 million tons, worth more than 200 billion yuan, of which more than 40 million tons of scrap iron, 30 million tons of waste paper, waste non-ferrous metals more than 5 million tons, 6 million tons of waste plastics, and other waste materials **** more than 10 million tons. Scrap iron and steel recycling rate of up to 70% -80%, waste non-ferrous metal recycling rate of 85%, 25% of waste plastics, 47% of waste rubber, waste paper 20%, end-of-life car recycling of more than 800,000 units per year, still has a very broad market prospects. Some experts say, waste recycling as an environmental industry, the sustainable development of society is of great significance, its development urgently needs national policy and financial support, so that practitioners profitable, in order to ensure the healthy development of the industry.