As the difference in recycling methods between traditional manual recycling and smart recycling, considering consumers' preference for smart recycling channels, this study establishes a single traditional recycling model, a single smart recycling model, the centralized and the decentralized decision models under dual recycling channels, as well as the decision-making models of the manufacturer cooperating with the traditional recycler and the smart recycler respectively, and analyzes the recycling pricing and cooperation strategies of the manufacturer in competitive recycling. The results show that: compared with a single recycling channel, the recycling prices of the traditional recycler and the smart recycler are increased in dual recycling channels, while the profits of the traditional recycler and the smart recycler are reduced. Besides, the total profits of the manufacturer, the retailer, and the supply chain are increased under dual recycling channels. The overall profits of the manufacturer, the retailer, and the supply chain can be further improved with the manufacturer's cooperation strategy. The manufacturer has incentives to cooperate with the traditional recycler and the smart recycler. Moreover, the incremental profit after the manufacturer cooperates with the traditional recycler is larger, and the incremental profit after the manufacturer cooperates with the smart recycler is smaller.