Gmi Research

 Introduction As global environmental concerns intensify, the demand for sustainable resource management solutions has surged. Recycling, particularly of scrap metal, has emerged as a vital practice for conserving resources and mitigating environmental damage. Saudi Arabia, with its ambitious Vision 2030, is prioritizing industries like scrap metal recycling to achieve economic and environmental goals. Market Dynamics The Saudi Arabia scrap metal recycling market is gaining traction due to increasing urbanization, industrialization, and supportive government policies. This market includes processes such as collecting, sorting, and repurposing metal waste into usable forms, significantly reducing the need for raw material extraction. The push for a greener economy underpins the growing importance of this sector. Drivers of Growth Key factors driving the market include: Economic Viability: Recycling metals is cost-effective compared to mining raw materials, leading to its adoption b...