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Global Electronics Recycling is expected to grow significantly over the course of the forecast period as the result of advances in technology, the development and passage of stringent recycling laws, and improved handling of e-waste materials. The ability to recycle functional components and waste scrap, including toxic and biodegradable substances, for future sales or reuse is the factor that drives the market for electronics waste recycling.
Growing environmental awareness and government, non-profit, and equipment manufacturer initiatives are expected to be the main drivers of the growth of the worldwide Electronics Recycling market. Additionally, rising consumer awareness of environmentally friendly products is anticipated to drive market demand. Over the coming years, it is anticipated that factors including environmental sustainability initiatives, the short shelf life of electronics, the prevalence of rare earth metals, and a high rate of obsolescence are going to further propel the expansion of the global market. Furthermore, it is anticipated that insufficient public education and a lack of consumer awareness will drive market demand.
The market for e-waste recycling is significantly driven by the high rate of electronic device obsolescence that has been brought about by rapid technical advancements that have led to the launch of new products and increased consumer purchasing power. The market need for electronics scrap recycling is stimulated by declining product shelf lives that result in a build-up of e-waste and the requirement for recycling. The market for Electronics Recycling is expected to increase quickly due to factors like resource conservation, the presence of hazardous materials, and improved disposal management. Recycling not only improves to environmental integrity but also provides jobs. Additional pressure on purchasing budgets comes from changes in the price of raw materials including plastic resins, steel, tin, nickel, aluminum, copper, zinc, gold, and silver, which are normally anticipated to surface in the electronic recycling market. Furthermore, new goods become efficient and cost-effective when recycled materials are reused in them. Because of the aforementioned factors, the global market is anticipated to increase significantly over the next years.
The report will cover the qualitative and quantitative data on the global Electronic Recycling Market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country, and segments according to your requirements. We can also provide customize report in every industry vertical.
By Material Type (Metals, Glass, Plastics, Others), By Source (Household Appliances, IT and telecommunication equipment, Consumer electronics, Others), By End User (Electronics Manufacturing, Automotive, Healthcare, Energy, Construction, Consumer Goods, Others)
Study Period | 2024-31 |
Base Year | 2023 |
Estimated Forecast Year | 2024-31 |
Growth Rate | CAGR of 12.7% from 2024 to 2031 |
Segmentation | By Material Type, By Source, By End User, By Region |
Unit | USD Billion |
By Material Type |
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By Source |
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By End User |
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By Region |
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Electronics Recycling Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2024-2031 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
The report also helps in understanding Global Electronics Recycling Market dynamics, structure by analyzing the market segments, and project the Global Electronics Recycling Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Electronics Recycling Market make the report investor’s guide.
The market scope is segmented because of By Material Type, By Source, By End User.
Based on the Material Type of the market is segmented into Metals, Glass, Plastics, Others.
The category of bulk materials become the most dominating market in 2023 and is anticipated to stay in that position for the duration of the projection. This is mostly because industries like electronics, automation, building, and mechanical have a significant demand for recycled materials. Furthermore, recycling metals from electronic waste preserves natural resources by lessening the harm that their extraction from the earth's crust causes to the environment.
The plastics segment is anticipated to witness substantial growth during the forecast period. The depletion of natural resources and the growing need for plastics in industries like packaging, automobiles, and construction are the main drivers of this increase. The market for recycled plastics is expanding as efforts to reduce plastic waste and use sustainable waste management strategies gain popularity. Furthermore, it is projected that technology advancements in the processing and sorting of plastic garbage will bolster revenue growth in this industry. In general, due to improved awareness of safe disposal techniques for electronic waste and the growing emphasis on sustainability, there is a growing need for electronic recycling services, particularly for metal and plastic recycling.
Based on Source the market is segmented into Household Appliances, IT and telecommunication equipment, Consumer electronics, Others.
This increase is fueled by the rising requirement for replacements as well as the growing disposal of appliances like washing machines and refrigerators. Strict government laws governing the disposal of electronic trash are also anticipated to fuel market expansion. Due to rising electronics usage, the IT industry's expansion, and higher IT usage, the IT and communications equipment segment is anticipated to develop at the quickest rate over the projection period. It is projected that the consumer electronics market would grow significantly as a result of more people using devices like gaming consoles and televisions. Electronic trash creation and revenue growth are predicted to increase due to faster technology improvements and longer product life cycles. The rising use of electronic equipment across a variety of industries is predicted to lead to a consistent expansion of the "others" category, which includes industrial, military, and medical equipment.
By region, Insights into the markets in North America, Europe, Asia-Pacific, and the rest of the world are provided by the study.
North America held the highest share of the global electronic recycling market in 2023 due to the US Environmental Protection Agency's (EPA) strict rules assuring the safe disposal of hazardous materials. The region is expected to have a large increase in demand for Electronics Recycling due to the production of e-waste. Every year, government representatives get together to share best practices in electronics management through the International E-Waste Management Network (EMN). The US Environmental Protection Agency (USEPA) works with partners around the world, such as Taiwan. To address e-waste issues in developing countries, USEPA also collaborates with the Solving the E-waste Problem (StEP) program. The National Strategy for Electronics Stewardship is supported by the US EPA, with 25 states requiring the recycling of electronic trash and other states drafting laws. Particularly, California. 65% of US citizens are affected by the ban on e-waste from landfills in Connecticut, Illinois, and Indiana.
The market share increase for electronic recycling was predicted to be greatly accelerated by strict e-waste laws, such as the Waste Electrical and Electronic Equipment (WEEE) regulation in Europe, and the implementation of environmentally friendly waste management strategies. Demand for recycling services is expected to rise in response to requirements for electronics importer and manufactures compliance.
Asia-Pacific Electronic Recycling Main factors driving market expansion include expanding consumer spending power, the pervasive usage of electronic devices in countries like China and India, and growing knowledge of proper e-waste management practices. The area's standing as a major center for electronics manufacturing will only serve to increase demand for e-waste recycling services. Furthermore, as environmental consciousness grows, these sectors ought to witness an increase in the demand for recycling solutions to handle the expanding volumes of electronic trash.
The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 5 years data history and forecast.
The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
Electronics Recycling Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends:
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04 Jan 2024
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