US Corporate Recycling Market to Hit $79 Billion by 2015
The U.S. Corporate Recycling market is projected to reach $47.1 billion in 2010 and grow to $79.1 billion in 2015, according to the latest issue of EL Insights. This represents a compound annual growth rate of 10.9% during this time period.
As America’s desire for convenient and disposable products has grown, so has its waste. On average, Americans dispose of 4.6 pounds of trash a day per person as compared to 2.8 pounds in 1960. This accumulates to a startling 64 tons of waste over the average American lifespan.
As communities become increasingly aware of the environmental and health detriments a landfill can impose, they are declining to issue permits. Jon D. Johnston, an official with the US Environmental Protection Agency (EPA), stated, “Nobody wants a landfill sited anywhere near them, including in rural areas.”
Recycling has long been championed as a way to reduce the amount of trash that ends up in landfills. Recycling is often associated with plastic bottles, aluminum cans, and paper; and while those products all remain an important part of the municipal recycling stream, industrial recycling is moving into new, more positive directions. Companies are now starting to explore recycling options for…
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