Author: Bread4Scrap Team

According to a metal waste and recycling market analysis, the sector is showing impressive growth rates by 2024. This report utilises primary data, vendor briefing, the scope of the product, and surveys to conduct a detailed study of the industry and its movements.

It also takes into account the effect of Covid-19, which is drastically changing global economies.

The recycling and metal waste market

Metal scrap refers to scrap that is both ferrous and non-ferrous, with ferrous scrap (irons and steels) being generated from old products or manufacturing processes. Non-ferrous scrap, however, usually comes from household appliances, railroad tracks automobiles, and more. These include copper, zinc, lead, and others, and aren’t affected through the process of recycling, meaning they can be recycled again and again without an issue. The research in question focuses on four key examples: iron, copper, aluminium, and lead.

The scope of the report

Metals have high densities meaning they can be efficiently transported, making them one of the first materials to be utilised in the recycling process. In 2018, the scrap recycling industry was worth $26.83 billion in the US, amounting to 120 million tonnes of recycled materials every year.

The report summarises that the recycling industry is expected to reach 688044K MT by 2025, meaning it will have grown at a CAGR of 1.46% since 2017’s statistics.

The metal waste and recycling market worldwide is estimated to increase at a CAGR of 2.9% by 2025, meaning the industry will hit figures of £340,600 million. This is a significant increase from today’s figures.

The report largely focuses on the global market in areas such as South America, the Middle East, Europe, North America, and Africa, distinguishing between different aspects of the market using applications, types, manufacturers, and regions. More specifically, the analysis covers:

• Mexico, Canada, and the US for North America
• Russia, Italy, France, Germany and the UK for Europe
• Japan, Korea, Southeast Asia, India, and China for Asia-Pacific
• Colombia, Brazil, and Argentina for South America
• Nigeria, South Africa, Egypt, Saudi Arabia, UAE for the Middle East and Africa

As mentioned above, the market is divided into segments. These are packaging, battery, shipbuilding, equipment manufacturing, building and construction, automotive, customer appliances, and others.

Questions the report addresses

This metal waste and recycling analysis is detailed and thorough, answering some of the industry’s major questions, such as:

• What manufacturing technologies do metal waste and recycling make use of?
• How are these technologies developing?
• Which companies are the key players in the recycling and metal waste market?
• What is the current status of the metal waste and recycling market, and what is its competition?
• What is the industry’s estimated cost and profit looking into the future?
• What is the economic impact on the industry?
• How should we strategise to combat these economic impacts?

If you are interested in the growth of metal waste industries, this report is an excellent read. 

Bread4Scrap has been partnering with scrap metal recyclers in the UK since 2016, and we are here for you, whatever the situation may be. Don’t hesitate to speak to our experts today for guidance.

With the coronavirus pandemic affecting all aspects of the UK economy, the metal shredder market is no exception. With trade changing across a multitude of countries, the recycling market is near the top of the list of those to be affected. As the scrap market’s functionality is dependent on the prices of metal, a country’s economic position is a key component in its potential growth and success. Here we discuss how Covid-19 is taking a toll on the scrap sector and its businesses:

Changing currency values

Quite simply, if the currency value changes, the price of metal scrap will inevitably be affected and the general metal industry will take a hit. It goes without saying that the global economy is in disarray, and it’ll most likely take time for the value of currencies to be evaluated correctly. Plus, the situation is constantly changing, which makes this even harder to work out. However, the results of this will be crucial for the scrap industry and have the potential to determine the success of its future. This will then have a direct impact on any scrap metal shredders in the market.

Restricted movement

As the Government continues to encourage restricted movement where possible in an attempt to keep the spread of the virus to a minimum, the scrap sector is being hindered. If people are unable or unwilling to move between cities, their metal scrap will stay put along with them.

This means that scrap dealers are more inclined to shut down during the pandemic, which will further affect the scrap metal shredding market, as its revenue growth is limited.

There are small rays of hope, as can be expected with such a regularly changing situation. For example, since China has recently lifted its lockdown, they can now continue to drive the metal scrap market, offering hope for growth in the near future. However, we have seen countries lift their lockdowns only to reinstate it weeks later when cases begin to rise, meaning the situation is extremely precarious.

Shortage of workforce

As mentioned above, many scrap yards have made the decision to close throughout the pandemic. Even those that haven’t are now suffering from a shortage of workforce, meaning they are likely to follow suit. Businesses may be short on money and therefore cannot afford to pay every member of staff, and many people are still afraid to return to work, particularly those who fall in the at-risk category if they were to contract the virus. The Government approach to the scrap metal sector looks to be fairly lenient, with them being more focussed on safety and ensuring essential businesses are able to continue functioning to some degree of normality.

Less demand

As the economy slows to a stop, it is expected that the demand for the scrap market will decrease, meaning production levels will fall. Overall, the changing nature of the coronavirus pandemic leaves the scrap metal shredder market in a state of uncertainty for the foreseeable future.

However, all is not lost!

Bread4Scrap has been partnering with scrap metal recyclers in the UK since 2016, and we are here for you, whatever the situation may be. Don’t hesitate to contact us today for guidance.