Garbage is a unique resource: they are ready to pay both for its acquisition and for sale. Moreover, it is inexhaustible. Each inhabitant produces 300-400 kg of household waste. This means that a city with a population of 1 million people accounts for 300-400 tons of garbage per year. And over time, this number increases. This is the basis of the business idea.
In US, a huge amount of household waste has accumulated, requiring urgent disposal. Currently, only 1% of solid garbage is processed in the country, and more than 31 billion tons remain unused. Of these billions of tons, about 60% are recyclable and recyclable. Such raw materials include paper, metal, glass, polymers, etc. But garbage continues to pile up in landfills and pollute the environment. Today, the issue of waste disposal, which has become an environmental problem, is discussed at all levels - and, nevertheless, has not yet been resolved. The problem of garbage disposal in the 21st century seems ridiculous because at every stage of the process you can make money from almost nothing.
Not so long ago, the garbage bin business was not considered highly profitable. But now the situation has changed dramatically. Throughout the territory of our country there is a huge number of landfills that need to be cleaned. The small number of processing plants operating in USA does not cope with the scale of work.
A business idea based on waste recycling will not lose its relevance while mankind will produce it. And this process is unlikely to stop while we live as a consumer society.
Often in business articles on garbage processing, there is an opinion that this area is with a low level of competition, but this is far from the case. The fact that there are few participants in the segment does not mean that few people want to engage in waste recycling. This means that not everyone can get into it.
It has been in force, which regulates the procedure for the collection and disposal of waste. According to him, certain territories will be served not by commercial organisations, but by regional operators. They are selected on a competitive basis in the last quarter of the year for 10 years. In their competence: to coordinate the work of the management company, organise the collection, transportation, storage and processing of garbage. This law leads to the centralisation of business, which aggravates competition. Large players will fight for the place of the regional operator, and medium and small players will fight for survival. These processes are for new entrants, but will create higher requirements for beginners.
At the same time, it cannot be said that there is no place for new players in the sphere. You can start your own business, but the market has its own specifics, which may be complicated by changes in legislation. Therefore, those who want to open such a business in the trash bins need to constantly keep their finger on the pulse and carefully study everything that happens on the market. You should communicate with other market participants, analyse the actions of competitors, attend events organised by ministries, the executive branch, etc.