The E-Waste Recycling and Reuse Services 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-Waste Recycling and Reuse Services Global Market Report 2024, The e-waste recycling and reuse services market size has grown strongly in recent years. It will grow from $1.65 billion in 2023 to $1.81 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to increasing consumer electronics ownership, government regulations, environmental awareness, corporate sustainability initiatives, precious metal recovery.
The e-waste recycling and reuse services market size is expected to see strong growth in the next few years. It will grow to $2.54 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to circular economy initiatives, extended producer responsibility, 5g technology adoption, e-waste from electric vehicles, global e-waste management standards, smart devices recycling. Major trends in the forecast period include innovations in recycling technologies, public and private sector partnerships, rapid technological advancements, consumer education initiatives, recommerce and refurbishment, e-waste data security.
The surge in E-waste generation is expected to propel the growth of the e-waste recycling and reuse services market going forward. E-waste (electronic waste) refers to any electrical and electronic equipment (EEE) and its parts abandoned as garbage by their owner with no intention of reuse. These services provide convenient and responsible avenues for disposing of electronic devices, and these services encourage individuals and businesses to recycle their old or obsolete electronics instead of discarding them in landfills. For instance, in 2022, according to the Global Transboundary E-waste Flows Monitor 2022 report, published by the United Nations Institute for Training and Research (UNITAR), a Switzerland-based United Nations institute for training and research, the amount of global E-waste generated will exceed 74 metric tons in 2030, representing 9.0 KG of e-waste generation per capita, and as much as 110 metric tons is expected by 2050. Therefore, the surge in E-waste generation will drive the E-waste recycling and reuse services market.
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The e-waste recycling and reuse services market covered in this report is segmented –
1) E-Waste Recycling and Reuse Services Market By Source Type: Household Appliances, Consumer Electronics, Industrial Electronics
2) E-Waste Recycling and Reuse Services Market By Material: Metal, Plastic, Glass, Other Materials
3) E-Waste Recycling and Reuse Services Market By Application: Trashed, Recycled
Top Major Players
Dell Technologies Inc.
Lockheed Martin Corp.
International Business Machines Corporation
Veolia Environnement S.A.
Hewlett-Packard Enterprise Company
Technological advancements are a key trend gaining popularity in the E-waste recycling and reuse services market. Major companies operating in the E-waste recycling and reuse services market are focused on developing advanced solutions to strengthen their position in the market. For instance, in August 2022, the REMADE Institute, a US-based public-private collaboration formed by the Department of Energy for economic development, announced a new technology license featuring a technical breakthrough capable of recovering precious metals from discarded electronics more efficiently and cost-effectively. The process benefits of low-concentration metal recovery from complex streams using gas-assisted microflow solvent extraction (GAME) make it more cost-effective to recover precious metals and enable manufacturers to repurpose them from various electronic wastes intended for trash.
The e-waste recycling and reuse services market report table of contents includes:
1. Executive Summary
2. E-Waste Recycling And Reuse Services Market Characteristics
3. E-Waste Recycling And Reuse Services Market Trends And Strategies
4. E-Waste Recycling And Reuse Services Market – Macro Economic Scenario
5. Global E-Waste Recycling And Reuse Services Market Size and Growth
…..
32. Global E-Waste Recycling And Reuse Services Market Competitive Benchmarking
33. Global E-Waste Recycling And Reuse Services Market Competitive Dashboard
34. Key Mergers And Acquisitions In The E-Waste Recycling And Reuse Services Market
35. E-Waste Recycling And Reuse Services Market Future Outlook and Potential Analysis
36. Appendix
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