World Scrap Metal Recycling Market Poised to Register Remarkable Growth

By region, Asia Pacific is expected to lead the market growth during the forecast period, the report said.

SEATTLE (Scrap Monster): The Transparency Market Research (TMR) announced publication of its latest market research report, which provides insights into global scrap metal recycling market. The report predicts outstanding market growth during the current decade. As per findings of the report, the market is poised to register up to 6% CAGR growth during the period from 2020 to 2030.

ALSO READ:

Scrap Metal Recycling Firm Highlights Drivers of Recycled Metals Demand

BDSV Spotlights Economic Conditions in Steel Recycling Industry

The market is expected to witness tremendous surge, primarily driven by technological advancements in recycling. The recycling boost by governments of various countries, penetration of advanced recycling facilities to developing regions and better waste collection mechanisms will trigger market growth.

The disruption in services by key scrap-consuming industries impacted the supply and demand metrics of metal recycling market during Covid-19 pandemic. The prices of metal recycling products too witnessed significant dip during this period. However, the market recorded notable rebound in 2021 and 2022.

The market demand will be mainly driven by increased consumption of recycled steel by various industries including construction, automotive, electronics, and consumer goods. By region, Asia Pacific is expected to lead the market growth during the forecast period, the report said.

• North American Copper Scrap Prices Report Small Drop on the Index- December 4, 2025
• Chinese Scrap Metal Prices Record Notable Gains on the Index- December 4, 2025
• University of Houston Researchers Call for Unified Approach to Recycling Plastics
• E-waste recycling in Ghana exposes workers to toxic pollution and health risks