Any individual can earn handsome money from the recycling business. The magnitude of garbage that we produce is increasing day by day at a disturbing rate. While most people are aware of the effects of not recycling used materials, many more are not even aware that recycling can be a lucrative business.
You must know the process of recycling the specific product that you want to recycle. This is also an eco-friendly operation. Most of the recycling businesses come under the small-scale manufacturing sector.
To start any recycling business requires a good knowledge of where to sell the recycled products and most importantly, where you obtain the goods for recycling. Select a location for your business. According to your budget find a retail place. Procure machinery, equipment, and tools for the operation.
Find below the most profitable recycling business ideas and opportunities in India for your ready reference:
15 Recycling Business Ideas in India
#1. Aluminum Recycling Business
Aluminum is the second most recycled metal globally. Items like aluminum cans, industrial scrap, and household aluminum are good propositions for the aluminum recycling business.
#2. e-Waste Recycling Business
Waste is a global environmental issue in recent phenomena. By starting an e-waste recycling business one can make money out of helping the environment toxic free. The objective to start an e-waste recycling company is to create an opportunity to transfer e-waste into socially and industrially beneficial raw materials by using cost-effective technology This includes valuable metals, plastics, glass, etc.
#3. Battery Recycling Business
Batteries can be broken down into 7 basic categories. These are lead-acid, carbon-zinc, alkaline, NIMH, NICAD, lithium-ion, and zinc-air. These all have a good market to sell individually.
#4. Bookbinding & Repair
Old and broken bookbinding is a good business to start from home. You can also sell them through a vending machine.
#5. Cartridge Refilling Business
The cartridge refilling business is about providing ink and toner cartridge refilling services to your client instead of buying a new one. It is also beneficial for the environment as it reduces e-waste in landfills.
#6. Construction Waste Recycling Business
There is a wide variety of wastes that are available in and around construction sites. Some of them are listed below:
- Wood, nails & screws,
- Concrete blocks
- Ceramic tiles
- Wasted Vinyl flooring
- Electrical wire
- Steel pipes
- Copper pipes,
- Foam insulation,
- Fiberglass insulation
The above-mentioned items are considered construction waste materials. These items are recyclable in some form or the other.
#7. Cooking Oil
Most hotels and restaurants want this service. You can collect used oils from them. Remove the impurities from the oil and sell it again.
#8. Electric Wire
Electrical wire is basically a conductive metal wrapped in plastic insulation. The most common metal used in electrical wire is copper and aluminum. So from electric wire, you will get three items, such as copper, aluminum, and plastic or polymer.
#9. Gold Recycling
Recyclable gold can be found in old PCs and other electronic items. You can also collect gold from other companies that are not in this business.
#10. Paper Recycling Business
This is a very good eco-friendly business idea too. Through this business, you are actually making reusable paper without cutting another tree. Paper comes up with different variations and grades. Some of the popular grades are corrugated, glossy, newsprint, white, office scraps, etc. You can also collect paper by providing an on-site paper shredding service to corporate clients.
#11. Plastic Recycling Business
Generally, plastic containers are made of a different variety of grades. Such as LDPE, HDPE, PP, etc. You must consider the separation first. Choosing the right equipment plays a very important role in this business.
Other than end consumers, you can collect tyres from tyre retailers also. Car and light truck tires are made from rubber compounds, steel wire, and synthetic and natural fibers. All of these materials are recyclable.
#13. Used Kid’s Clothing
Kids grow very fast. As a result, their clothes become unusable very fast. You can start buying those clothes from your parents. And after proper hygienic cleaning, you can sell those clothes. You can sell these clothes from online marketplaces also. You can also accept used toys and books to add additional products to your offerings.
Vermicompost organic fertilizer production has now become a major component of agriculture-based businesses across the country. Furthermore, it requires a small capital investment to start on a small scale.
#15. Wood Recycling Business
Recyclable wood can come from numerous sources like construction waste, industrial waste, pallets, junk furniture, tree trimming, etc. You can start a recycling business with hardwood, softwood, pellets, and much more.
Rupak is the founder of MUVSI. He is a small business consultant by profession. His mission is to make people know how to make money and understand personal finance for a better living.