The Global E-Scrap Recycling Market is valued at approximately USD 29.58 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 14.2% over the forecast period 2023-2032. The e-scrap recycling market encompasses the recycling of electronic waste, including devices nearing the end of their functional lifespan such as home appliances and IT equipment. With technological advancements and a rapid product turnover, the accumulation of electronic scrap has increased significantly. These devices, often containing hazardous elements like lead, mercury, and cadmium, pose environmental and health risks if improperly disposed of. Consequently, recycling e-waste has become a crucial practice, driven by the need to mitigate these negative impacts on the environment.
The market is witnessing robust growth, fueled by rising awareness of the harmful effects of e-waste, stringent environmental regulations, and the economic potential of recovering valuable materials such as gold, copper, and other metals from electronic scrap. However, the market faces challenges, particularly in developing regions, where the lack of proper infrastructure and the prevalence of informal recycling activities limit market growth. Nonetheless, opportunities abound, particularly in the development of integrated recycling facilities and the recovery of precious metals, which can generate significant revenue while reducing the need for new mining activities.
The key regions considered in the study include Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. Asia-Pacific dominant in the global e-scrap recycling market, due to its large population and booming electronics industry. Additionally, Asia-Pacific has a well-established recycling infrastructure and a growing number of government initiatives aimed at promoting sustainable practices and reducing environmental impact. The fastest-growing region in the e-scrap recycling market is North America. This rapid growth is driven by several factors, including increasing awareness of environmental issues, stricter government regulations regarding electronic waste disposal, and the growing adoption of sustainable practices by businesses and consumers. The region's technological advancements and strong emphasis on recycling and resource recovery are also contributing to the accelerated growth.
Major market players included in this report are:
JX Nippon Mining & Metals Corporation
WM Intellectual Property Holdings, L.L.C.
Umicore N.V.
Quantum Lifecycle Partners
Ecoreco Ltd.
DOWA ECO-SYSTEM Co., Ltd.
Desco Electronic Recyclers
Electronic Recyclers International
Stena Metall AB
Iron Mountain Incorporated
Kuusakoski Recycling
ZhongDe Waste Technology AG
Triple M Metal LP
Dowa Holdings Co., Ltd.
TOMRA Sorting GmbH
The detailed segments and sub-segment of the market are explained below:
By Product Type:
IT and Telecommunications Equipment
Large White Goods
Small Household Appliances
Others
By Processed Materials:
Plastic
Metal
Glass
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Years considered for the study are as follows:
Historical year - 2022
Base year - 2022
Forecast period - 2023 to 2032
Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.