MARKET OPPORTUNITY 2 (Battery recycling market)
With the rising concerns regarding depletion of precious and rarely found earth metals, growing demand for recycled batteries and other materials, and stringent government regulations and EPA (Environmental Protection Agency) guidelines, the battery recycling market is expected to shoot up soon.
TYPES AND SPECIFICATIONS
The battery recycling process consists of the purchase or collection of used batteries from the consumers and users by collection centers or entities and linked services. Battery recycling is the method of reusing and reprocessing batteries to reduce the number of batteries being disposed of as waste.
The main types of batteries that are recycled include primary batteries like alkaline batteries, nickel-based batteries, etc, and secondary batteries like lead-acid batteries, lithium-based batteries, and other battery types.
BATTERY RECYCLING BY LOCATIONS
The EU directive states that at least 25% of all the EU’s used batteries must be collected by 2012, and rising to no less than 45% by 2016, of which at least 50% must be recycled. Still, only a handful of countries have been able to attain the 45% mark whilst others are still below 20%.
Rechargeable Battery Recycling Corporation (RBRC), claims that no component of any recycled battery eventually reaches a landfill.
In 2015, Energizer announced the availability of disposable AAA and AA alkaline batteries made with 3.8% to 4% (by weight) of recycled batteries, branded as EcoAdvanced.
Japan does not have a single national battery recycling law, so the advice given is to follow local and regional statutes and codes in disposing of batteries. The Battery Association of Japan (BAJ) recommends that alkaline, zinc-carbon, and lithium primary batteries can be disposed of as normal household waste.
India lacks a formal planned recycling industry. The industry is not respected and lacks designated zones for recycling. However, in a nation with a vast population of people still in poverty, most lead-acid battery recycling is done by individuals and small informal enterprises, often taking no safety or environmental precautions.
ILZDA has demanded multiple changes to India’s industry and its regulation, including the registration of all battery dealers, and the collection of their returns, and recognition of the best-registered recyclers while enforcing punishments for violators of government regulations.
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