1. To combat the amount of waste that goes into landfills, environmentally savvy entrepreneurs have created recycling franchises that provide sustainable solutions to companies who want to reduce their waste and their negative impact on the environment.
2. The projected size of the global recycling market is expected to increase to about $41 billion by 2020. according to research by Roland Berger and BCC Research.
3. The United States recycles about 35% of its generated waste.
4. According to a Statista survey of Americans over 18 years of age, people in the Unites States would like to be able to recycle more batteries and electronic waste than they already do. Other areas of desired recycling include compost, glass, aluminum and metal, paper and cardboard, and plastic, in descending order of desired recyclable materials.
5. Many recycling franchises cross sectors into the energy saving business as well. These businesses see the value in offering more sustainable solutions to companies looking to reduce their carbon footprint and do some good for the environment.
6. The electronic recycling sector of recycling franchising is a growth industry. The average life of a computer is 18 to 24 months, and with new cell phone models being released each year, consumers are constantly cycling through electronic products. Especially in the business sector where computers and technology are necessary to functionality, electronic recycling franchises are in demand and can take advantage of the great potential market growth.