Study assesses the UK nonmetallics recycling market.
In 2005, the UK market for nonmetallics recycling was worth an estimated 855 million [pounds sterling] (roughly $1.5 billion), which represents a 25 percent increase from 2004's figure, according to Research and Markets.
Despite this growth, nonmetallics recycling faces several challenges in the UK, according to the study from Research and Markets.
The report offers analysis of sectors such as paper and board and glass and plastics and provides additional information on the recycling of electrical and electronic scrap and end-of-life vehicles. The report also examines recycling in the municipal sector, where the collection of segregated material streams for recycling is being introduced on a wide scale, according to the Irish market research firm.
The report finds that the UK market for nonmetallics recycling will grow as legislation tightens in two directions: restrictions on landfill (with punitive taxes) and stipulations as to how specific materials should be recycled. "This legislation will need to be accompanied by the licensing of recyclers, greater producer responsibility and the willingness of equipment users to ensure that discarded products are recycled through the proper channels," according to Research and Markets.
More information on Non-Metal Recycling Market Report 2005 is available at www.researchandmarkets.com/reports/c34920.
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|Comment:||Study assesses the UK nonmetallics recycling market.|
|Article Type:||Brief article|
|Date:||May 1, 2006|
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