The E-scrap Recycling Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s E-scrap Recycling Global Market Report 2024, 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.
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
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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
Major companies operating in the e-scrap recycling market are focused on developing innovative solutions such as e-scrap recycling plant. A e-scrap recycling plant refers to a newly established facility or project dedicated to the recycling and processing of electronic waste (e-scrap). For instance, in July 2021, SMS group, a Germany-based equipment seller company launched the greenfield e-scrap recycling plant for waste electrical and electronic equipment (WEEE). The newly established facility will engage in the recycling of electrical and electronic scrap to recover high-purity copper, nickel, gold, silver, and platinum. The new plant facility utilizes the pyro- and hydrometallurgical processes and recovers nickel, gold, silver, high purity copper, and platinum at very high rates as it is designed with the capability to annually recycle 6,000 tons of Waste Electrical and Electronic Equipment (WEEE) and 10,000 tons of copper scrap
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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26. South America E-scrap Recycling Market
27. Brazil E-scrap Recycling Market
28. Middle East E-scrap Recycling Market
29. Africa E-scrap Recycling Market
30. E-scrap Recycling Market Competitive Landscape And Company Profiles
Top Major Players:
- TES-AMM Japan
- DOWA Holdings Co. Ltd
- Aurubis AG
- Tetronics Holdings Ltd
- Boliden AB
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