Recyclable Material Wholesaling in the US - Industry Research Report

Make use: Stabilizing commodity prices and growth in manufacturing activity will likely spur demand for recycled materials

Operators in the Recyclable Material Wholesaling industry primarily wholesale recycled materials, including industrial and automotive scrap, waste paper and plastic. Industry revenue will decrease alongside dips in the price of crude oil and the price of steel in 2023. As prices for steel, plastic and oil spike, downstream manufacturers are more inclined to purchase recycled over raw materials. This is not the case in 2023 since commodity prices have fallen, which will likely translate to a decrease in revenue. Overall, industry revenue has been growing at a CAGR of 6% to an estimated $134 billion over the past five years, despite a projected decrease of 4.2% in 2023 as commodity prices come back down to earth.

This industry wholesales automotive scrap, industrial scrap and other recyclable materials, such as waste paper, glass and plastic. Industry establishments include auto wreckers that dismantle motor vehicles to wholesale salvaged scrap material and establishments that break up, sort and wholesale all forms of scrap iron and steel using power-processing equipment.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.