Will Low Consumer Awareness Stifle Battery Recycling?

Great strides are being made in battery recycling innovations. Although battery recycling is still a niche market, it is gaining immense potential. Environmental institutions and governments are even supporting this movement. Many battery companies are working hard to make their products better for the environment.

The recycling market is projected to hit $19.9 billion by 2024. Because batteries are made up of so many harmful materials, they are extremely toxic. These chemicals are harmful to the environment and hazardous to the health of individuals. Due to these effects, companies are beginning to take various initiatives to recycle batteries.

Companies are merging with one another to strengthen the success of the recycling market. In 2016, Call2Recycle merged with Battery Solutions, LLC, to create a battery sorting business. When companies work together to get something accomplished, that is when the real success begins. Used batteries from the automotive sector had the largest share in the battery recycling market in 2015. This segment is projected to retain its lead through 2024.

With companies merging with each other in order to help this market succeed, the next step is to educate the public. The awareness among consumers continues to remain low. Because of this lack of knowledge, the growth of this market may suffer. To continue the growth, the consumer needs to be more aware of battery recycling, and the effects that it has on the environment, and their health. Once the public is educated on this topic, it is likely that the growth of this market will continue to increase.