The Market for Recycling Metal is now Projected to reach $384 Billion by 2030

  • 23

    Aug

    The Market for Recycling Metal is now Projected to reach $384 Billion by 2030


    Recycling metals is important for both the environment and for industries. PTR has lead the way by helping our clients get their recycling programs up and running with either new Vertical Balers or rebuilt Vertical Balers. By recycling, our clients turn what once was trash into a valuable recycling commodity. Now more than ever, with supply chain issues and shortages, recycling plays a key role.

    Recycling scrap metals like stainless steel, copper, iron, and aluminum is a great way to both help the environment, industry, and your bottom line. There are a growing number of end uses for recycled metals and the demand continues to grow. In addition, all commodities are going up in price and that trend looks to be in place for a couple years.

    Straits Research predicts the Compound Annual Growth Rate for the metals recycling market is 5.85% and that the market will reach $384 Billion by 2030. Check out their in depth analysis here .
    That being said, if you don’t have a recycling program in place, now is the time to get started. The benefits are many:

    • Convert your trash into cash
    • The demand for metals is only going to increase
    • The price paid for recycled metals looks to increase
    • The benefit to the environment is huge and diverse
    • Reduces the need to transport waste
    • Highlight your recycling program on your website and promotions – it shows you have the environment in mind, an important factor for both potential clients and employees

    PTR provides top quality waste and recycling stream solutions custom designed to fit your needs. Contact us today to learn more.

    Already have a recycling program in place? Now is a good time to enhance or upgrade it, due to increased demand. Add a new or rebuilt baler to your line up. Its also a good time to negotiate better rates from whomever you sell your baled metals to. Shop around and see where you can get the best price.

    Be sure to advertise the fact that you have a recycling program in place. Include on your website, social media posts, and marketing to existing clients. It shows you’re doing your part to improve the environment by helping to preserve natural resources.