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Recycling

What is the recycling industry?

The recycling industry is one of the most vital sectors of the economy. It includes companies and facilities involved in the recycling of goods and materials. These include metals, paper, plastics, glass, organic materials, electronics, and chemicals. The industry incorporates waste collection, processing, reuse, delivery and reprocessing. It also encompasses the retailing and marketing of these wastes. It is done to prevent the accumulation of waste and pollution. As a result, the industry spans more than 30,000 enterprises.

Is the industry extensive and diverse?

The industry has a diverse and extensive network. It includes links to the chemical, plastics, woodworking, metalwork, and automotive industries. Its services are also essential to the transportation, maritime, and aviation sectors. The same applies to the energy and electronics industries. It is also true for the construction, agriculture, paper, beverages, and food industries. The packaging, retail, sports, HoReCa and tourism industries also rely on its services. The health, defence, rubber, and apparel sectors likewise rely on its wares. It results in an industry that employs around 85 professionals per 100,000 individuals.

Is the industry of high value and innovative?

As a result, the recycling industry is a high-value sector. For example, it has recently reached a market size of $59.07 billion. The segment often implements innovations to meet the latest demands for recycling. Exhibitors frequently present these during annual and biannual trade expositions. Various countries host such events. For example, they occur in Italy, Spain, and the People’s Republic of China. They also take place in the Federative Republic of Germany. Such events attract hundreds of thousands of participants.