From Waste to Wealth: Exploring the Viability of Profitable Recycling Businesses in Developing Economies

Abstract

This paper investigates the potential of establishing profitable recycling businesses in developing countries. Utilizing a literature review approach, we analyze the circular economy (CE) framework, recycling sector opportunities, and waste management strategies within these nations. While acknowledging the challenges associated with developing such industries, our analysis identifies potential avenues for success. To inform effective strategies and feasible solutions, we examine the growth patterns of the US recycling market and the 132 implementation of the circular economy in Africa. We posit that recycling can be a viable and profitable venture in developing countries, contingent upon the presence of specific enabling factors.