Recycling Markets in China

August 04, 2008

Wellesley, Mass—According to a new technical market research report, RECYCLING MARKETS IN CHINA (ENV009A) from BCC Research (www.bccresearch.com), the recycling industry in China processed 142.3 million metric tons of waste material in 2007. This is expected to increase to 158.6 million metric tons in 2008 and 244.8 million metric tons in 2013, for a compound annual growth rate (CAGR) of 9.1%.

Major market segments include metal, paper, plastic and tires. Metals such as aluminum, copper, iron and steel have the largest share of the market, accounting for 76.7 million metric tons of recycled materials in China in 2007. This should increase to 83.5 million metric tons in 2008 and 123.2 million metric tons in 2013, for a CAGR of 8.1%.

Recycled waste paper is the second largest segment, accounting for over 48.6 million metric tons in 2007 and an estimated 55.9 million metric tons in 2008. This segment is projected to reach 90.0 million metric tons in 2013, for a CAGR of 10.0%.
The next largest segment is recycled waste plastic, at 15.0 million metric tons in 2007. This segment is expected to grow at a CAGR of 10% to reach 17.0 million metric tons in 2008 and roughly 27.4 million metric tons in 2013.

Reclaimed rubber and recycled tires are the smallest though fastest growing segment at 1.9 million metric tons in 2007 and as estimated 2.2 million metric tons in 2008. This should grow to 4.2 million metric tons at a CAGR of 14.0%.

China’s national economy has been experiencing sustainable, rapid development. During the period from 2003 to 2007, China’s Gross Domestic Product grew at an annual average rate of more than 8.0%. This creates many opportunities to international recycling enterprises seeking to expand their business abroad. Double-digit growth, insufficient self-supply ratio of various waste/scraps, and the absence of large domestic competitors are indicators of tremendous potential.
 

Recycling Markets in China( ENV009A )
Publish Date: Jul 2008    

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