Battery recycling operators gather battery wastes and recycle them for both safe disposal and reuse of precious materials.
Many jurisdictions adopted legislation that regulates or promotes the recycling of recycled batteries, and the need for industry facilities has increased since these laws have multiplied in recent years as a result of negative health effects associated with the unsafe disposal of battery waste.
In addition to the increase of the amount of used batteries entering the waste stream, battery recycling has also increased.
Around the same time, the instability in the price of virgin nonferrous metals has been causing market revenues to push traders to lower the recycled metals costs.
In general, revenues from the sector are projected to rise by 0.4% to $631.8 million annually over the five-year period by 2020 and 0.9% forecast growth by 2020.