Strong growth is expected for firms in the waste management industry as the European Union (EU) makes strides with its recycling programmes.
This is the view of growth partnership firm Frost and Sullivan, which suggests that new, strict incineration legislation and the decommissioning of landfill sites is pushing more waste material into recycling plants.
The UK in particular was hit hard by the economic downturn, and the firm predicts that growth levels in waste management will rise sharply as the economy improves.
Frost and Sullivan research manager Suchitra Padmanabhan said: The waste recycling market in the UK is geared towards making a shift to an effective recycling society in the EU.
"Household Waste Recycling Centres (HWRC) are making an important contribution to meeting the challenging EU recycling and landfill diversion targets."
Local councils can also benefit from increased recycling activity. Exeter Council recently revealed that it made £1.42 million through recycling in the last financial year.
Typical Guttridge equipment used in the waste recycling industry includes:
