Plastic recycling is a very profitable and lucrative business although unknown to so many people regarding the different ways to generate money from plastic recycling.
However, the most profitable way to recycle plastic items and earn good money from them is by ensuring you have clean plastics to recycle.
Meanwhile, most post-consumer plastics are not clean and are often mixed with other debris or different materials that are not recyclable.
Therefore, to make the most profit you desire from your recycled plastics, you have to put in the time, effort, and investment into the sorting process which for most smaller recycling businesses are done manually.
You can make money from recycling your plastic items in many different ways as there are many recycling centers and schemes that offer credit or cash for recyclable materials, including household plastics, papers, card-boards, as well as larger industrial and commercial recyclable waste.
Recycling is very important especially when you think that it takes between 100 and 1000 years for plastic items to decompose in the landfill.
Plastic materials are also made from oil; the same oil that is in high demand to make gasoline.
Recycling your plastic materials is something simple that can be done in your home and can generate income for you and your household thereby making it a win, win situation for the environment and you.
How to Generate Income from your Plastic Materials
Below is the simplest and stress-free way you can make money from your plastic items:
1. First, choose your plastics from the three main types that are for recycling and they include: HDPE are the opaque bottles, PVC are the clear bottles with a seam running along the base while PET is the clear bottles with a hard molded plastic center on the base.
2. Secondly, label your trash bins with the name of each type of plastic you wish to put inside with a permanent marker for easy identification.
3. Place the labeled trash cans/bins in a convenient location within your house.
4. Fill the waste bins with your recyclable used plastic products that have been rinsed with water.
5. Locate your local recycling center through a phone book, referrals, or the internet to search for plastic recycling near me or plastic recycling numbers.
6. Transport the trash cans/bins containing the collected recyclable plastic materials to any plastic recycling machine center or your local recycling center once they are full.
7. Finally, collect payment from the recycling center for your plastic items and Enjoy!
Alternatively, you can repurpose your plastic items for reuse and use them for other purposes if you feel you don’t want to sell them to the recycling centers or you can start recycling your plastics yourself from the comfort of your home following these simple steps provided in this article here as a guide.
After recycling your plastic items following the guide provided on the link above, you can then sell your finished recycled end-products to their buyers or end-users for money.
The Prices of the Different Types of Plastic Materials Continue to Rise in the Market
The good news is that over the past couple of months, the prices of the different types of plastic materials continue to rise in the market which makes recycling plastic items as a business a very lucrative one to venture into as briefly explained below.
Currently, the national average price of PET beverage jars and bottles keeps increasing as it currently sells at 8.63 cents per pound, as at the time of this article compared the previous price per pound.
In general, the price of recycled PET plastic materials has increased by nearly 30% throughout 2021 so far and will hopefully continue to increase with time.
Additionally, the national average price of natural HDPE also increased as it currently sells at 70.25 cents per pound with some regions reporting more increase in prices reaching 75 cents per pound as compared to the 66.84 cents old price per pound.
Also, the national average price of color HDPE is up from 17.19 cents and is now trading at 18.91 cents per pound while some regions have reported high rates of over 23 cents per pound.
The national average price of Polypropylene has also moved from the previous 11.69 cents per pound and is now trading at 18.44 cents per pound.
These different types of plastics prices continue to rise/fluctuate as time goes on thereby making the plastic recycling business a very lucrative and profitable venture to get started with even from the comfort of your home.
This is a business idea I would love for you to try out, and if you are already into this business, kindly give us your feedback on how the business is going for you so far using the comment section below so others can be motivated by you and your experiences.
This is where we will be wrapping up today’s discussion on how to make money from your recycled plastic items.
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