, which can happen legally or illegally, can yield substantial profits. In fact, the global value of legitimately traded cardboard is expected to reach $5.4 billion in 2024, up from $4.3 billion in 2017.
Recycled cardboard is worth its weight in "beige gold," with a ton of it going for roughly $108. When cardboard is illegally sold, "legitimate recycling firms, and the city and other local authorities who take a cut from their sales, are missing out on tens of millions," according to the BBC. Normally, cardboard boxes are sent to China to be pulped in order to make new boxes. But clever thieves intercept the packages before they can be sent back out for recycling.
The issue has become so rampant in countries like Spain that task forces have been formed to bust these cardboard recycling rings. In 2018, 42 men were accused of taking part in 11 of 18 illegal recycling routes in Madrid, stealing and shipping 67,000 tons of waste totaling $11.8 million. It has been estimated that the city of Madrid lost $18.9 million.
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