What is the global Scrap Recycling Market size in 2025?

The global Scrap Recycling Market is estimated at USD 108.56 billion in 2025, based on recycled scrap volume of 986.87 million tons and an average value of USD 110 per ton.

What is the expected growth rate of the global Scrap Recycling Market?

The market is projected to grow at a 6.8% CAGR from 2027 to 2033, increasing from USD 134.13 billion in 2027 to USD 198.67 billion by 2033.

What is the projected recycled scrap volume by 2033?

Global recycled scrap volume is projected to reach approximately 1,472 million tons by 2033, compared with 950.1 million tons in 2024.

What is the average value per ton of recycled scrap?

The average value is estimated at USD 110 per ton in 2025 and is projected to reach USD 135 per ton by 2033, reflecting changing commodity prices and recycled material demand.

What are the key factors driving the global Scrap Recycling Market?

The market is primarily driven by increasing secondary metal demand, EAF steel production, resource efficiency, circular manufacturing, scrap recovery infrastructure, and growing demand for lower carbon raw materials.

Global Scrap Recycling Market: Strategic Consulting Perspective on Circular Economy, Technology and Industry Transformation 2026

Analysis by Scrap Type (Ferrous Scrap, Non Ferrous Scrap), Source, Recycling Process and End Use