Where is the Grinding Market Going - Green? Recycling? Specialized Wood Waste Markets?

Posted on: May 02, 2016 - 08:00 AM | Market Trends
Author: Wayne Brown
It’s vitally important to stay ahead of the competition by understanding the latest trends in your market. While there are still challenges within some parts of the wood waste/recycling industry, trends clearly show that there are also tremendous opportunities. In fact, the global grinding machines market is projected to reach an astounding $3.2 billion by 2015!

The growing world population has now passed 7 billion making it clear that we have to make the most of our extremely limited resources. The result is consumers and business owners are now being forced to look for ways to maximize resources and better utilize waste products.

This trend is projected to rise along with increasing fuel costs, which have also affected service companies and contractors—with 71% reporting that high gas prices have hurt their business—up 11% in the past 12 months.

Based on these trends, there is a swelling public demand for renewables. Many states have set goals to increase their recycling rates up to 75% but the recycling rate for Construction and Demolition waste is currently only 20—30%. Federal agencies have been given a presidential mandate to meet at least a 50% recycling and waste diversion goal by 2015.

Because wood waste is growing in popularity as a recycled product the wood waste recycling industry is now ripe with opportunity. Nearly 33.4 million tons of yard waste is produced each year with less than 50% being recycled, leaving $334 million to rot. There is nearly 16 million tons of wood carelessly thrown out each year and only an embarrassing 14% being reclaimed, forgoing $729 million in potential profits.

By knowing these market trends you can now identify lucrative opportunities for growth and better position your company while securing more jobs for your grinding business.

To learn more about the wood waste recycling industry and ways to address future “green” market trends contact one of our Equipment Specialists at Apollo Equipment.net. You can visit us on line www.ApolloEquipment.net or call 800-982-2844.