Market research solutions provider, Research and Markets has published a report titled, "Recyclable Material Wholesalers". The report begins with an overview of the wholesale recyclable materials industry followed by quarterly updates from the industry.
The report lists down the challenges faced by the wholesale recyclable materials industry and tracks the industry’s trends. The opportunities available in the industry are highlighted in the report. Forecasts for the industry’s growth prospects are presented. The report includes information on financial metrics for the industry.
In United States, there are close to 6,200 companies operating within the recyclable materials industry. The total annual revenue of all these companies put together is estimated to be US $82 billion. The United States recyclable materials market is fragmented as 45% of the revenue is generated by the top 50 companies. Some of the leading wholesalers of scrap metal in the US include OmniSource, The David J Joseph Company, America Chung Nam and Schnitzer Steel. The Bureau of International Recycling (BIR) pegs the global revenue generated by the recycling industry at $200 billion. The biggest exporter of scrap is the US while the largest importer of scrap is Turkey. The leading wholesalers of recyclable material outside the US are TSR Recycling and ELG Haniel in Germany, OneSteel Recycling and Sims Metal Management in Australia and European Metal Recycling in UK.
The industry is made up of companies involved in wholesale trading of recyclable materials like industrial and automotive scrap and also includes companies engaged in wrecking automotives to obtain scraps for wholesale trading. The factor driving the growth of the wholesale scrap industry is demand from construction, auto and steel industries. The capital-intensive industry generates average revenue of $700,000 per employee, per year.