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Recycling Facilities Industry Sees Steady Growth - StudyRecycling Facilities Industry Sees Steady Growth - Study

Allan Gerlat

March 29, 2013

1 Min Read
Recycling Facilities Industry Sees Steady Growth - Study

The recycling facilities industry, or businesses selling recycled commodities and finished goods, has grown at an annual rate of 3.3 percent in the past five years, according to a new study.

“Although the recession reduced consumer demand for products in general, demand for products manufactured with recycled goods has risen overall during the past five years due to shifts in consumer preference toward products that are perceived as environmentally friendly,” said Deonta Smith, industry analyst for Santa Monica, Calif.-based  market research firm IBISWorld, in a news release.

Because of that, the report states, recycled product makers have demanded more recycled commodities from wholesalers, aiding demand for recycling facilities in turn.

Prices for recycled commodities slumped during the recession but have since rebounded, prompting an estimated 6-percent rise in industry revenue to $5.9 billion in 2013.

The report concludes that consumers will increasingly demand recycled products in the next five years.


About the Author(s)

Allan Gerlat

News Editor, Waste360

Allan Gerlat joined the Waste360 staff in September 2011 as news editor. He was the editor of Waste & Recycling News for the first 16 years of its history, and under his guidance the publication won 27 national and regional awards.

Before Waste & Recycling News, Allan worked at another Crain Communications publication, Rubber & Plastics News, which covers rubber product manufacturing. He began with the publication as associate editor and eventually became managing editor, a position he held for nine years.

Allan is a graduate of Ohio University, where he earned a BS in journalism. He is based in Sagamore Hills, in northeast Ohio.

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