Metal Recycling Market Revolution: Key Trends, Growth Drivers, and Future Predictions
Market Overview Metal recycling involves the recovery and processing of scrap metals from end-of-life products and industrial waste, transforming them into reusable raw materials. This process significantly reduces the environmental burden associated with metal extraction and manufacturing. Recycled metals, including ferrous metals , non-ferrous metals , and precious metals , are widely used across sectors due to their cost-effectiveness and eco-friendly nature. With growing concerns about climate change, resource depletion, and landfill overflow, industries are embracing recycling as a core component of sustainable manufacturing. The rising global population, urbanization, and industrialization further add to the demand for metal resources, making recycling an indispensable part of the supply chain. According to the research report, the global metal recycling market was valued at USD 231.27 billion in 2022 and is expected to reach USD 397.66 billion...