5 Plastic Recycling Business Success Stories [2024]

Pat Walls

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Updated: July 24th, 2023

Start A Plastic Recycling Business

Plastic recycling involves recovering scrap or waste plastics and turning them into usable products in radically different forms. Recycling plastics has been around for decades and has been touted as a profitable business.

According to a study, one person uses about 30 kilograms of plastic annually. This results in over 900 million tons of plastic annually. However, only 9% of plastic is recycled, with 79% disposed to landfills and 12% burned.

To start a plastic recycling business, conduct comprehensive market research focusing on the plastic recyclers' functions and objectives to understand the industry better. You can visit several plastic recycling facilities and meet industry advisers to get answers to your questions.

Your market research should focus on the following aspects:

Outline the prerequisites for a plastic waste recycling company
Investigate the overall investment needed to set up a plastic recycling business
Determine whether a factory or land is required
Sources of plastic waste
Determine the equipment and utilities needed to start a plastic recycling business
Evaluate the profit margin in plastic recycling and the return on investment

Once you have enough information based on the above areas of focus, register a business, identify the location and obtain the trading license.

Here are some real life success stories of starting a plastic recycling business:

Learn more about starting a plastic recycling business:

Where to start?

-> How much does it cost to start a plastic recycling business?
-> Pros and cons of a plastic recycling business

Need inspiration?

-> Examples of established plastic recycling business

Other resources

Part of

Starting A Plastic Recycling Business: Everything You Need To Know

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