Do you want to start a plastic bottle recycling company from scratch? Or you need a sample plastic bottle recycling business plan template? If YES, then i advice you read on. With the scientific knowledge available to us in this dispensation, it is obvious that it might just no longer be safe for the earth to accommodate plastic bottles that are buried in it.
For this reason, it is very important for government of most countries to encourage plastic bottle recycling. If you are conversant with companies that use plastic bottles for packaging their products, you would realize that they are promoters of plastic bottle recycling and they ensure that they include the recycling instructions or signs on their entire plastic bottle product.
Companies that are engaged in plastic bottles recycling business can be considered as part of those working to save our world from degradation. This is so because plastic bottles that are buried in the earth are shielded from sunlight hence it becomes impossible for them to decompose.
It is a known fact that at least 66% of energy is saved when producing new plastic bottles from recycled plastic bottles, as against producing plastic bottles from the very scratch. That is why most companies engage in the use of recycling plastic bottles for their packaging, clothing, toys, fiberfill for sleeping, plastic bags, plastic ruler, amongst many others.
Hence, if engaging in a business that might bring money and help you contribute your quota in protecting our beloved earth from degradation is a burning issue on your mind, then the following tips should help you get started from the scratch.
Starting a Plastic Bottle Recycling Company – Sample Business Plan Template
Table of Content
- 1. Incorporate Your Business
- 2. Assume the Role of a Researcher
- 3. Build a Facility with Ample Storage Space
- 4. Buy Your Truck and Other Equipments
- 5. Tell People and Organizations about Your Business
- 6. Create Your Collection Routine
- 7. Choose the Products You Want to Produce from the Recycle Plastics
- 8. Market Your Products
1. Incorporate Your Business
The fact that you aren’t coming into the plastic bottles recycling business as a middle man makes it compulsory to register your business with the government of your country. It is no doubt if your plastic bottles recycling company is registered; you stand the chance of getting some benefits (grants, waivers et al) from the government of your country and from some world organizations. Therefore, it would do you a world of good to make this step very seriously.
2. Assume the Role of a Researcher
For you to be able to hit the ground and start running with this type of business, you would be required to have carried out an extensive research and feasibility studies.
You need to know where to get empty plastic bottles from, the machines and equipments required for recycling it, the cost of establishing the business, the hazard, risks and advantages involve in running this kind of business, the right location to build your own plastic bottles recycling plant, and many more information that would guide you, and you can only get them from the result of your research and feasibility studies.
3. Build a Facility with Ample Storage Space
When searching for a space to build your plastic bottles recycling company, you must ensure that the space is big enough to contain large quantities of both raw materials (empty plastic bottles) and your finished products (plastic bottles, plastic components, plastic bags, toys et al). The good thing about this type of industry is that you can build your factory in the outskirt of town where you are able to get cheap land to lease or buy.
4. Buy Your Truck and Other Equipments
You are expected to buy at least a truck for transporting your plastic bottles from the pickup points to your factory and also for transporting your products from the factory to the market. In the bid to cut cost, you may start out with one fairly used but reliable truck. You would also need Power plant, plastic bottle recycling machines, pet bottle crushing machine, grinding machine, conveyor system, Plastic bottle washing machine and blower etc.
5. Tell People and Organizations about Your Business
You need to inform people and organizations about what you do and how they may possibly help you get empty plastic bottles. You would be required to position your plastic bottles- waste containers (Collectors) at strategic places in parks, public facilities, schools, offices, canteens, et al.
This is means situating your points where you can easily get large quantities of empty plastic bottles for free. In some cases, you would have to pay young people certain amounts to help gather empty plastic bottles.
6. Create Your Collection Routine
It is important that you create your collection routine if you intend to be effective in this type of business. All that is needed to be done is to mark places that are in same routes and allocate a collection date and time frame that wouldn’t affect your day.
Just ensure that you keep to the agreement you have signed with whoever you need to meet to collect empty plastic bottles from. It would not be a good idea for them to gather the empty plastic bottles and you didn’t show up to pick them. If such a situation happens regularly, you can be sure to be taken very unseriously.
7. Choose the Products You Want to Produce from the Recycle Plastics
There are loads of products that you can produce from recycled plastic bottles. You can produce products like plastic bottles, buttons for clothes, plastic components, plastic chairs, toys, plastic ruler, plastic bags, just to mention but a few. That is why it is important to conduct your research and feasibility studies so that you can know the product that is of high demand before building your plastic bottle recycling company.
8. Market Your Products
It is a fact that the market for plastic bottle recycling business is profitable and open. All you need to do is to ensure that you talk to soft drinks manufacturers, bottled water manufacturers et al to see how you can do business with them. The truth is that they would be interested in doing business with you because it is cheaper to get their plastic bottles from a recycling plant than from those who produces virgin plastic bottles.
It is no longer news that loads of people are making huge fortune from the plastic bottle recycling business and you can join the league of those making money if you are ready to fold your sleeves and work hard. Statistics has it that only about 27% of plastic bottles are recycled, meaning that the industry is still wide open for participants to come in and not just make money for themselves, but also contribute their quota is preserving our environment.
Lastly it is important to state that establishing a plastic bottle recycling company is capital intensive, but in the long run you would realize that it is highly profitable and the end products from the recycling plastic bottles is not limited.