Research firm says China's recycling industry will generate more than $150 billion in activity by 2018.
BCC Research, based in Wellesley, Massachusetts, says about $103 billion in recycling-related economic activity occurred in China in 2013, down slightly from $107.5 billion in 2012.
In its newly released report, Recycling Markets in China, the research firm forecasts China's recycling market will "grow to nearly $156 billion by 2018,and register a five-year compound annual growth rate of 8.7 percent from 2013 to 2018.”
Recycling sectors studied in the report include ferrous and nonferrous metals, plastic, paper, electronic scrap, end-of-life vehicles, scrap tires and ship dismantling.
The report’s authors, Jason Chen and Li Baijun, say the Chinese government “has put the recycling industry high on its development agenda for the next decade” and “increasing environmental concerns and governmental regulation will significantly grow in this market over the near term.”
Recycling Markets in China provides an analysis of the Chinese recycling market and evaluates information on the challenges the industry faces that must be addressed as well as information concerning opportunities that can be leveraged. As well, the report's authors say it offers “comprehensive profiles of major players in the industry.”
Information on ordering the report can be found here