Going green: Growth in the manufacturing and construction industries is expected to aid industry growth
Canada's Recyclable Material Wholesaling industry has exhibited roller coaster growth over the five years to 2022. Companies collect, sort and bundle any recyclable material and then sell it to different entities for recycling when commodities such as wood pulp increase in price, scrap paper can be sold for more since these will go through the recycling process and become new steel or form ready to be used. As a consequence, the volatility of these commodities transfers to industry revenue. Industry revenue is expected to increase an annualized 1.9% to $16.7 billion over the five years to 2023, despite a forecast dip of 2.8% in 2023.
The Recyclable Material Wholesaling industry in Canada wholesales automotive scrap, industrial scrap and other recyclable materials. Industry operators include auto wreckers that dismantle motor vehicles for wholesale scrap material. Also included are operators that break up, sort and wholesale all forms of scrap iron and steel using power-processing equipment such as cranes, hydraulic shears, baling equipment and cable strippers.
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's key players and their market shares.
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