Europe’s non-ferrous metals industry is a global best performer,providing skilled jobs across the EU
The metal recycling market appears to have a bright future, owing to the rapidly growing awareness of the benefits of metal scraps. Concerns about rare earth metal depletion, as well as stringent government regulations and environmental protection guidelines, are all key metal recycling market trends. Metal recycling technology is expected to provide significant benefits to both market participants and the economy.
The global metal recycling market size was USD 217.0 Billion in 2020 and is expected to reach USD 368.7 Billion by 2030, registering a CAGR of 5.2% from 2021 to 2030. The conducive government initiatives for recycling scrap metal for reducing greenhouse gas emissions are expected to fuel the growth of the metal recycling market during the forecast period. The growing construction industry has resulted in more buildings thereby leading to the disposal of building waste into landfills. These wastages will significantly boost the growth of the market in the coming years.