Recycling is beneficial for the environment. It keeps materials out of landfills and helps to reduce the need for harvesting materials from the natural environment. When cities first started recycling programs the assumption was that the cost of the collection and sorting of the materials would be covered by the proceeds of the sale of those materials. In recent years this has not been the case. The value of some materials has dropped dramatically while the cost of recovering them has risen.
Reclaimed paper, a once valuable commodity that was in high demand by the newspaper industry, is one of these materials. As print newspaper circulation dropped dramatically, so did the need for reclaimed paper. Reclaimed plastics is another of these materials. As oil prices remain low, it’s less expensive for manufacturers to make products from new plastic than it is for them to use reclaimed plastic. Since much of the reclaimed materials in the United States are sent overseas, recent legislative action by some countries limiting the amount of imported reclaimed materials has also negatively affected the market making it more difficult to sell such materials.
Today’s market size is the value of a ton of mixed recyclable material for 2011, 2015 and an estimated value for 2017.
Geographic reference: United States
Year: 2011 and 2015
Market size: $180, $80, and just shy of $100 per ton of mixed recyclable material respectively.
Source: Paul Singer, “Recycling Market in a Heap of Trouble,” USA Today for the Lansing State Journal, April 21, 2017, page B1.