Recyclable Material Wholesaling in the US
The Recyclable Material Wholesaling industry has struggled over the five years to 2019. During this period, industry operators have grappled with both waning demand from manufacturers and the plummeting prices of substitute goods. Specifically, the domestic manufacturing and construction sectors have increased purchases of new steel and plastic materials, thereby reducing demand for postconsumer and recyclable materials. The success of the Recyclable Material Wholesaling industry will depend on both the strength of downstream manufacturing industries and the relative costs of competing input materials. Projected growth in the world price of steel may enhance the industry's ability to expand over the next five years to 2024. Additionally, the price of plastic materials and resin is anticipated to rise steadily over the next five years, thereby restoring the cost benefits of the industry's recyclable material.
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.
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