Scrap Market Size in India | Industry Trends & Growth Insights 2025

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Code: MTA10262

Publication Date: Oct 2025

What is the growth rate of the India Scrap Market?

According to 6Wresearch internal database and industry insights, India Scrap Market is expanding at a CAGR of 7.2% during the forecast period 2025-2031.

There are numbers of factors which are contributing in the expansion of the market include increasing industrialization and manufacturing activities, rising demand for recycled raw materials, supportive government policies promoting sustainable waste management, and growing awareness regarding environmental sustainability.

Key Growth Drivers of the India Scrap Market

Rising demand for recycled metals and materials in manufacturing
Expansion of the construction and automotive sectors
Growing adoption of circular economy and recycling initiatives
Government incentives for scrap collection and processing
Technological advancements in sorting and recycling processes
Increasing cost-efficiency of recycled materials compared to virgin materials

India Scrap Market Trends

India Scrap Market is witnessing major growth with notable trends such as increasing organized scrap collection and processing networks. There is growing preference for environmentally friendly and cost-effective recycled materials across industries. The scrap metal trade is becoming more popular due to prices are clearer and the supply chain is more connected. Automated sorting and shredding technologies are making things more efficient and better. Programs for collecting scrap in cities and initiatives in the private sector are making scrap more available. E-commerce sites for scrap trading are also becoming more common, making it easier for small and medium-sized businesses to get into the market.

Emerging Developments in the India Scrap Market

India Scrap Market is evolving with innovations in advanced recycling and metal recovery technologies. Companies are investing in automated and AI-driven sorting systems to improve material purity. The growth of large-scale scrap processing and shredding facilities is helping the market grow. When industrial producers and scrap recyclers work together, they make supply chains stronger. There are new ways of doing business, like leasing or buying back scrap materials. The market is growing as businesses are focusing on eco-friendly and sustainable practices, as well as following the rules.