According to Organic Market Research, Brazil Scrap Metal Recycling Market Share was USD 640.24 Million in 2023 and the market is projected to touch USD 961.61 Million by 2032, at a CAGR of 5.12% during the forecast period. The market also benefits from improved waste management infrastructure, which enables efficient collection, segregation, and processing of scrap materials. Additionally, initiatives to boost public awareness of recycling and waste reduction are contributing to the market’s expansion. However, challenges remain, including fluctuations in metal prices, infrastructure limitations in remote areas, and the need for continuous innovation in recycling technology. Nonetheless, the market is positioned for steady growth, bolstered by Brazil’s commitment to environmental sustainability and circular economy practices.