Establishments primarily engaged in assembling, breaking up, sorting, and wholesale distribution of scrap and waste materials. This industry includes auto wreckers engaged in dismantling automobiles for scrap. However, those engaged in dismantling cars for the purpose of selling secondhand parts are classified in Industry 5015.
The Scrap and Waste Materials industry (NAICS 5093) has been experiencing several qualitative trends that are reshaping its landscape. One prominent trend is the increased focus on sustainability and environmental responsibility. Companies are adopting more advanced recycling technologies to improve efficiency and reduce environmental impact. There is also a growing demand for recycled materials driven by both consumer preferences and regulatory pressures for more circular economies.
Digitization and smart technologies are making significant inroads into the sector. Advanced analytics, IoT devices, and blockchain are being used to optimize collection routes, enhance material tracking, and ensure transparency in the recycling process. These technologies are helping companies improve operational efficiency and gain better insights into resource management.
Collaboration is another key trend as companies partner with municipalities, NGOs, and other businesses to improve recycling rates and reduce waste. Public-private partnerships are increasingly common, aimed at addressing challenges such as contamination of recyclables and the need for better consumer education on recycling practices.
Looking into the near future, the industry is expected to see continued growth driven by regulatory mandates and the rising cost of raw materials, making recycled materials more economically attractive. Additionally, innovations in recycling methods, such as chemical recycling, and improvements in sorting technology are likely to further transform the industry, making it more efficient and less labor-intensive.
Automotive wrecking for scrap-wholesale Bag
Bottles, waste-wholesale
Boxes, waste-wholesale
Fur cuttings and scraps-wholesale
Iron and steel scrap-wholesale
Junk and scrap, general line-wholesale
Metal waste and scrap-wholesale
Nonferrous metals scrap-wholesale
Oil, waste-wholesale
Plastics scrap-wholesale
Rags-wholesale
Rubber scrap-wholesale
Scavengering-wholesale
Scrap and waste materials-wholesale
Textile waste-wholesale
Wastepaper, including paper recycling-wholesale
Wiping rags, including washing and reconditioning-wholesale
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.