Overview and Scope
E-scrap recycling refers to reprocessing and re-use of electronic wastes. It is a process that seeks to recover material from the electronic waste and in a way, user can use them in new electronic products.
Sizing and Forecast
The e-scrap recycling market size has grown rapidly in recent years. It will grow from $8.68 billion in 2023 to $9.58 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to rising e-waste volumes, regulatory initiatives, resource scarcity concerns, corporate sustainability goals, consumer awareness.
The e-scrap recycling market size is expected to see rapid growth in the next few years. It will grow to $14.15 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to evolving e-waste composition, government circular economy policies, extended producer responsibility (EPR), urban mining opportunities, global collaboration. Major trends in the forecast period include advancements in sorting technologies, technological advancements, technological innovations in recycling processes, urban mining, global collaboration and partnerships.
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Segmentation & Regional Insights
The E-scrap recycling market covered in this report is segmented –
1) By Product: IT and Telecom Equipment, Small Household Appliances, Large White Goods, Consumer Electronics, Other Products
2) By Processed Material: Metal, Glass, Plastic, Other Processed Materials
3) By Application: Dealing Materials, Recycling Materials
Europe was the largest region in the e-scrap recycling market in 2023. The regions covered in the e-scrap recycling market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing usage of electronic products is expected to propel the e-scrap recycling market growth going forward. Electronic product means any manufactured product or device or part of such a product or device that has an electronic circuit. The need for electronic equipment has increased significantly as a result of technological improvements which makes tons of electronic scraps or electronic waste which can be recycled to reduce carbon footprints and better environmental condition. Computer monitors, motherboards, cell phones and chargers, CDs, headphones, television sets, air conditioners, and refrigerators are examples of common electronic garbage (e-waste). For instance, according to Invest India, an India-based national investment promotion and facilitation agency that helps investors looking for investment opportunities and options in India, in 2020, the global market for electronic devices was worth $2.9 Tn. Furthermore, The Consumer Technology Association (CTA), a US-based standard and trade organization representing 1,376 consumer technology companies in the United States, projected that the consumer technology industry to generate over $505 billion in retail sales revenue for the first time, the projection also represents a 2.8% revenue increase from the 2021’s impressive 9.6% growth over 2020. Therefore, the growing usage of electronic products is driving the growth of the e-scrap recycling market.
Key Industry Players
Major companies operating in the e-scrap recycling market report are TES-AMM Japan, DOWA Holdings Co. Ltd., Aurubis AG, Tetronics Holdings Ltd, Boliden AB, JX Nippon Mining & Metals Corporation, Sims Lifecycle Services Ltd, Umicore N.V., Stena Metall AB, Retronix Inc., Technology Conservation Group Inc., Sage Sustainable Electronics LLC, Enviro-Hub Holdings Ltd, Quantum Lifecycle Partners LP, Dynamic Recycling Inc., ERI LLC and Sims Metal Management Limited, Electronic Recyclers International Inc., Advanced Technology Recycling Inc., PowerHouse Recycling Inc., MBA Polymers Inc., Lifespan Technology Recycling Inc., E-Waste Harvesters Inc., Grand Metal Corporation, GreenChip Recycling LLC, RecycleForce, Ecoreco Limited, Global Electric Electronic Processing Inc., ECS Refining LLC, E-Parisaraa Pvt. Ltd., Secure Environmental Electronics Recycling Inc.
The e-scrap recycling market report table of contents includes:
1. Executive Summary
2. E-scrap Recycling Market Characteristics
3. E-scrap Recycling Market Trends And Strategies
4. E-scrap Recycling Market – Macro Economic Scenario
5. Global E-scrap Recycling Market Size and Growth
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32. Global E-scrap Recycling Market Competitive Benchmarking
33. Global E-scrap Recycling Market Competitive Dashboard
34. Key Mergers And Acquisitions In The E-scrap Recycling Market
35. E-scrap Recycling Market Future Outlook and Potential Analysis
36. Appendix
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