Scrap Metal Recycling Market Size, Trends, and Growth Analysis 2025-2032

The scrap metal recycling industry is witnessing robust expansion driven by increasing demand for sustainable resource management and circular economy initiatives. With rising environmental concerns and evolving market dynamics, this sector is central to waste reduction and metal recovery globally.

The Global Scrap Metal Recycling Market size is estimated to be valued at USD 63.66 billion in 2025 and is expected to reach USD 93.90 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.7% from 2025 to 2032. Scrap Metal Recycling Market Growth as indicates steady growth, fueled by escalating demand from industries such as automotive, construction, and electronics. Continuous innovations in recycling technologies and rising regulatory emphasis on sustainability further enhance the market scope.

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