Recyclable Material Wholesaling in Canada
The Recyclable Material Wholesaling industry in Canada has maintained its rollercoaster growth dynamic and revenue is expected to increase again after a 33.0% increase in 2017. Industry operators collect, sort and bundle any recyclable material and then sell it off to different entities for recycle. When commodity prices such as steel and wood pulp increase in price, scrap metal and paper can be sold for more since these will go through the recycling process and become new steel or paper ready to be used. The attractiveness of recyclable materials is a result of the added value that comes from substituting raw material with scrap for production. The price and supply of recycled material compared with raw material are key determinants of demand. Over the next five years, the industry is expected to stagnate. Growth in the manufacturing and construction industries along with increased government recycling incentives are expected to aid the industry over the next five years.
This industry wholesales automotive scrap, industrial scrap and other recyclable materials. Industry establishments include auto wreckers that dismantle motor vehicles for wholesale scrap material. Also included are establishments 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 key players and their market shares.