Tire recycling plays crucial part in circular economy, which includes the economic, environmental and social aspects of economy. In circular economy, material recycling ensures a growing availability of high performance materials that do not require increasing quantities of natural resources.
After the implementation of the Landfill and End-of-Life Vehicles Directives have ensured a steady flow of materials, enabling the tyre recycling industry to continue to grow (Shulman, 2016). As stated by the European Commission (2016), The Directive 2008/98 lays down some basic waste management principles: it requires that waste be managed without endangering human health and harming the environment, and in particular without risk to water, air, soil, plants or animals, without causing a nuisance through noise or odors, and without adversely affecting the countryside or places of special interest.
With that in mind it is safe to say that waste management and tire recycling is not only a possibility to generate profits, but these profits go hand in hand with the opportunity to engage in sustainable use of resources and benefit the world on both a micro- and macroeconomic level.
European Commission. (2016). Directive 2008/98/DC on waste (Waste Framework Directive). Retrieved from http://ec.europa.eu/environment/waste/framework/
Shulman, V. (2016). Introduction to Tyre Recycling 2016. ETRA.