Do you want to start a recycling Business? Find here a list of profitable recycling business opportunities in several industries.
Let us first understand what recycling exactly is? Actually, when you convert waste materials into new materials and objects, the process is called recycling. And it has several benefits to the environment too.
Generally, recycling can prevent the waste of potentially useful materials. Additionally, it reduces the consumption of fresh raw materials. So, indirectly it helps to reduce energy usage, air pollution (from incineration), and water pollution. And when you can generate profit from the entire process, then it is called recycling business.
These days, the waste garbage and recycling industries offer a wide range of business opportunities to the entrepreneurs. And due to the increasing use of disposable items, the demand for different types of recycling business is also increased. To name a few the global electronic scrap recycling market is growing rapidly. The industry could reach 34.32 billion US-Dollar by 2022, growing at a CAGR of 15.7% from 2015 to 2022. So, it is really a great time to start a recycling business to earn money.
List of 25 Profitable Recycling Business Ideas
#1. Aluminum Can Recycling
Basically, aluminum recycling is a process where you can produce reusable products from the scrap aluminum. And only through melting you can produce reusable items. The process is less expensive than producing new products. Therefore, the business is highly profitable and lucrative.
#2. Battery Recycling
The battery is an important item in several types of machinery and automobiles. And it has a specific period of shelf life. After that, it needs to get changed. However, from the used battery you can produce the new batteries through some simple process. The activity needs small area. Hence, you can start the business at home also.
#3. Bookbinding & Repair
This is another a great home-based recycling business you can start with almost zero capital investment. However, you must put effort into intensive marketing in your locality. The bookbinding demands skill and expertise. In addition, you can also provide photo framing service too.
#4. Cartridge Refilling
A small cartridge refilling business has enough potential of earning a good income. Though you can start the business from home, a retail store operation always ensures better revenue. With small startup capital, you can start this business.
#5. Cloth Diaper Service
Actually, cloth diapers are more comfortable environmental free than disposable diapers. Though the disposable diapers are handier, the cloth diapers are a cheaper alternative. So, it is a natural choice for the conscious parents. Initially, you must set up the business model according to your investment capacity.
#6. Commercial Dustbin
Putting the large litter box in the prominent places with the advertisement can bring you a lot of money. However, you need to place the litter can in the high traffic areas. You can put it in the market areas, in front of shopping malls or inside the commercial buildings.
#7. Computer Recycling
Computers have som many precious items that you can get through recycling. And there are several online sites who buy the computer parts like motherboard, the hard disk in bulk. The business is highly profitable. Additionally, you can start and operate the business from home.
#8. Construction Waste Recycling
Regardless the project size, construction projects produce a lot of wastes. Construction waste recycling is the separation and recycling of recoverable waste materials generated during construction and remodeling. Definitely, the business demand specific technical skill and knowledge. So, you must have some prior experience before initiating the business.
#9. Cooking Oil Recycling
Cooking oil recycling is a great business you can start with small startup investment. Effectively, you can produce so many items from used cooking oils including detergent, paint, soap, and bio-diesel. The recycling process is simple. However, the business demands a unit set up a workshop.
#10. Copper Recycling
Apart from only copper wires, about 75% of all copper-based products are made from recycled copper. Basically, copper is a cost-effective material to recycle. Hence, the copper recycling business is highly lucrative for the new entrepreneurs. However, the business demands moderate capital investment and strategic planning.
#11. Electric Wire Recycling
Basically, the electrical wire is a conductive metal wrapped in a plastic insulation. Sometimes the wire comes in copper, aluminum or even steel. Depending on your investment capacity, you must set up the business. Because you need to invest in procuring machinery and hiring manpower.
#12. Ewaste Recycling
Actually, e-waste stands for electronic waste. Due to the rapid growth in the consumer electronics industry, the -waste becomes the major polluting factor in the environment. Therefore, e-waste recycling business is now a profitable opportunity for the entrepreneurs. The e-waste caters a wide range of recyclable items. So, you must prepare the business model carefully according to your investment capacity.
#13. Glass Recycling
Actually, any type of glass items is 100% recyclable. As the glass items are highly fragile, there is enough amount of scrap glass on this planet for recycling. Additionally, recycled glass can be substituted for up to 95% of raw materials. The glass recycling business demands moderate capital investment for procuring machinery, the establishment of the unit and hiring skilled manpower.
#14. Gold Recycling
Actually, gold is the precious metal in this world. There are several electronics items where from you can get gold after recycling. Practically, there are several sources where from you can get gold for recycling. As the gold recycling is a cost-effective way of producing gold, it is profitable recycling business nowadays.
#15. Junkyard Furniture
If you want to start an innovative kind of business that demands bit creativity, then you can consider this business. Actually, in this business, you will need to create functional furniture from discarded items. Just procure the materials from the scrap yard and assembled them. This is an interesting venture to initiate. And these are unique kind of furniture that people buy as the single piece available basis.
#16. Mattress Recycling
If you want to start a recycling business that addresses a wide population, then you can consider mattress recycling. Generally, you can buy the mattresses from homeowners, hotels, hospitals, hostels etc. After recycling them, sell the mattresses to the potential clients. All you need to have a business website to operate the business virtually.
#17. Medical Waste Recycling
This is another a great business you can start both in the developing and developed countries. Actually, hospitals and other medical instititions produces a number of medical waste every day. And it needs daily basis removal for maintaining the cleanliness and hygiene. However, you must check the local Govt authority about the licensing and permissions before initiating the business.
#18. Paper Recycling
If you want to start a recycling business that involves an easy process then paper recycling is just perfect for you. Additionally, you can start the business with moderate capital investment and infrastructure cost. In starting this business, you need to set up a plant and unit with specific machinery.
#19. Pawn Shop
Starting a pawn shop is not an easy business. Basically, pawn shops provide quick loans for a short duration of time against pledged goods. And pawn shops charge high interest on the loan amount. In addition to that, they also buy and sell used goods. The business demands specific license and permissions from the state Govt.
#20. Plastic Recycling
Actually, plastic recycling is the process of recovering scrap or waste plastics and reprocessing the material into useful products. According to the properties, there are several different types of plastics and polymers. The business is highly lucrative and demands moderate capital investment. Additionally, you must check if the business requires any specific licenses or permissions.
#21. Tyre Recycling
Actually, vehicle tyres need the frequent change after a certain duration of time. And its a regular expense for the vehicle owners. Also, the tyres are among one of the most problematic and largest sources of waste. And there are several ways you can recycle and reuse the tire for different purposes.
#22. Used Appliances Selling
This is another a great business you can start both as home-based and from a retail location. Here, you can buy secondhand products and after repairing sell the products to the people who want to buy good products at a cheaper rate. The business demands specific skill in the electrical and electronics field. With a small startup capital, you can initiate this business.
#23. Used Kids Garments
This is another a great business you can start with low-cost. Actually, babies grow very fast. And they require clothes in different sizes as they grow. So, you can help the parents who want to buy used kids garments. Though you can monitor the business from a business website, you need to determine the areas where you want to operate the business.
If you want to start an eco-friendly business, then you can consider vermicompost production. With a very small space and even from your backyard, you can start this business. Actually, you need to have worms of the specific variety who can convert the garbage into compost organic fertilizer.
#25. Waste Collection Hub
A waste collection hub is a great business to start in the metro cities or municipal areas. Basically, waste collection hubs have the arrangements for waste management. Therefore, the business demands capital investment for establishing the unit and procuring machinery.
Nowadays, the recycling is a sunshine industry. As the overall population is growing the demand for waste recycling is also increasing. With updated technology and moderate infrastructure you can definitely start a profitable recycling busines at any day you want.