There has always been a component of industrialization that was concerned with recycling and reusing raw materials and greening aspects of industrial production. In recent times, however, recycling has become a mainstream industry in its own right, and one that is providing business opportunities and possibilities on a global scale. This article examines why recycling has gone main stream and highlights some of the related opportunities for business.
Companies Can Increase Their Revenue Streams
The simplest reason that recycling has gone mainstream is the fact that businesses have seen the financial viability of these processes and systems. Any business can, for example, institute specific recycling measures that will save both money and resources, or generate additional income. From paper to cardboard waste, we have seen an increase, for example, in those businesses looking to recycle such waste, and whether they buy their own cardboard balers or use an established recycling company, the aim is to increase revenue streams with these recycling initiatives.
Increased Environmental Responsibility
The bottom line for many businesses that have begun to institute recycling and green resource use initiatives and programs is that this is now accepted as best practice. Businesses, as a whole, have begun to recognize their environmental responsibility, whether in support of customers and clients or as a response to the diminishing levels of natural resources and raw materials. A green brand image may be as much about marketing and sales as it is about saving the environment, and this is a common reason recycling has continued to be used as a means of greening huge numbers of global brands.
Provides for Sustainable Innovative Industry and Blue Oceans
The recycling and reuse of resources are proving to be at the cutting edge of business and industry development. Recycling as a business model or as an addition to your existing business model has become one of the modern go-to business growth and development strategies. More businesses are recognizing that green industries, such as environmentally friendly and sustainable recycling initiatives, can be both a revenue earner, but also one that is sustainable and has at its core the benefit of mankind and the environment. It’s a grand back story and a blue ocean business environment, just waiting to be exploited. Furthermore, there is an opportunity for increased research and development, as well as testing and modelling of new recycling methods and options to recycle and reuse a wider range of greener products. Recycling is a business opportunity of the future and those who get in on the ground floor are likely to make it big.
Recycling as an industry is so wide and varied and is fast becoming a mainstream industry and economic option around the world. The reasons discussed here are those that seem to be driving this ongoing drive by many a business to include or incorporate an element of recycling or resource savings as a business model for both revenue generation, as well as brand building.