Latest News- Scrap Metal Recycling Market: Ferrous metals is expected to lead the Material segment during 2025-2029

The Scrap Metal Recycling Market is being driven by Environmental and sustainability pressures

The Scrap Metal Recycling Market is expected to grow at a CAGR of 4.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 20394.4 million. The global scrap metal recycling market is experiencing a technological revolution, driven by the adoption of advanced technologies such as artificial intelligence, machine learning, and automation. Traditional manual sorting techniques, which were labor-intensive and error-prone, are being superseded by sensor-based systems like X-ray fluorescence and laser-induced breakdown spectroscopy. These technologies enable processors to identify and separate metals with exceptional accuracy, exceeding 95%, even in intricate waste streams such as shredded vehicles and electronic waste. This degree of precision is crucial for recovering high-purity materials used in demanding applications, such as aerospace-grade aluminum and battery-grade nickel. A notable instance of this transition is the introduction of MetalMandi by Attero Recycling in January 2025. This innovative solution leverages advanced technologies to streamline the recycling process and enhance the quality of recycled metals. 

Get more information on Scrap Metal Recycling Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Material
  • Ferrous metals
  • Non-ferrous metals
• Application
  • Construction
  • Industrial goods
  • Automotive
  • Consumer goods
• Method
  • Mechanical recycling
  • Thermal recycling
  • Advanced tech
  • Chemical recycling
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • US
  • Europe
    • Germany
    • UK
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Environmental and sustainability pressures
• Urbanization and industrialization in emerging economies
• Cost and energy efficiency

However, the market also witnesses some limitations, which are as follows:

• Contamination and quality issues
• Collection and logistics barriers
• Volatility in scrap metal prices

Benefits of Buying Global Scrap Metal Recycling Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Scrap Metal Recycling Market Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Scrap Metal Recycling Market involves the grading and classification of scrap metals based on alloy composition in melt shops. Global supply chains utilize data analytics, predictive modeling, and risk management for efficient recycling infrastructure. Metal remediation, compliance audits, and due diligence ensure traceability through material passports, digital twinning, and sensor technologies. AI, big data, and inventory management optimize price, demand, and fraud detection. Sustainability reporting, circular economy initiatives, and carbon offsetting promote eco-friendly practices. Policy analysis, stakeholder engagement, public awareness campaigns, and environmental impact assessments ensure regulatory compliance and transparency.

Market Research Overview

The global environmental and facilities services market encompasses businesses offering solutions for waste management, facilities maintenance, and pollution control. According to Technavio's market analysis, this industry's growth is attributed to the increasing focus on sustainability and environmental preservation. Companies providing services related to ferrous metals, non-ferrous metals, stainless steel, and precious metals recycling contribute significantly to this market. The prioritization of eco-friendly practices and regulations promoting waste reduction and proper disposal further fuel market expansion.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/