Recycling Industry Expected to Decline Despite 'Green' Emphasis

Lora Bentley

It's obvious that the Obama administration has inspired a push toward sustainability in corporate America in recent months. An emphasis on sustainability efforts in the stimulus package has resulted in growth for several green industries, including biotechnology and environmental consulting. Alternative power generation has also experienced growth.

 

Unfortunately, the same is not true for the recycling industry. Research from IBISWorld reveals that recycling is expected to decline in 2009. George Van Horn, a senior analyst with IBISWorld, says recycling is "the thirteenth biggest revenue loser in 2009, and is expected to plummet a drastic 20 percent."

 

What is making the difference? According to IBISWorld, "Metal price declines combined with lower demand for recycled material are major factors impacting sales." Researchers also point out that consolidation of larger recycling facilities may be on the horizon.



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