Recycling set to boom in China

A recent report entitled Recycling Markets in China by BCC Research has revealed that recycling rates in China are set to increase dramatically by 2013. The report looks at the figures for 2007 compared with the projections for 2008 and predicts a compound annual growth of 9.1% per year until 2013.

The recycling markets affected will be metal, paper, plastic and tires. Metals, including aluminium, copper, iron and steel have the largest share. The metal figures for 2007 stand at 76.7 million metric tonnes and is set to increase to 123.2 million metric tonnes by 2013.

China's economy has developed sustainably and rapidly from 2003 to 2007. The indicators show that there will be many opportunities for expansion in the recycling sector and waste disposal companies will be looking to expand operations there.

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