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Classified in: Environment, Science and technology, Covid-19 virus
Subjects: RCY, MRR

Global Electronics Recycling Business Report 2023-2030: Recyclers Collaborating with Device Manufacturers Gaining Traction

DUBLIN, Dec. 6, 2023 /PRNewswire/ -- The "Electronics Recycling - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

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Global Electronics Recycling Market to Reach $110.6 Billion by 2030

The global market for Electronics Recycling estimated at US$39.8 Billion in the year 2022, is projected to reach a revised size of US$110.6 Billion by 2030, growing at a CAGR of 13.6% over the analysis period 2022-2030. Metals, one of the segments analyzed in the report, is projected to record 14.3% CAGR and reach US$80.3 Billion by the end of the analysis period. Growth in the Plastics segment is estimated at 12.4% CAGR for the next 8-year period.

The global E-Waste Recycling market has experienced significant shifts and trends, largely influenced by the COVID-19 pandemic. Initially, the pandemic disrupted traditional patterns of E-Waste generation and recycling due to lockdowns and changes in consumer behavior. With businesses temporarily closed, there was a slowdown in electronic equipment disposal. However, as these disruptions proved transitory, the electronics recycling industry is expected to gain momentum, driven by the resumption of normal business operations and the increasing demand for electronics.

E-Waste constitutes a broad spectrum of electronic and electrical devices, each with its distinct material composition. Understanding these materials is crucial for effective recycling and resource recovery. Improper E-Waste disposal can have significant environmental and health consequences, underscoring the importance of responsible electronics recycling.

While recycling rates for E-Waste have traditionally been low, there is a growing emphasis on adopting a circular approach, encompassing refurbishment, remanufacturing, and recycling to reduce waste and promote sustainability. The volume of E-Waste generated globally continues to rise, with developing countries emerging as significant contributors, necessitating sustainable recycling practices.

The growth of the consumer electronics sector plays a pivotal role in E-Waste recycling, as the increasing prevalence of consumer electronics leads to a higher volume of discarded devices. Developing countries are expected to be key drivers of growth in the E-Waste recycling market. The market landscape is characterized by established players and startups, with some startups gaining recognition for innovative E-Waste recycling solutions.

Recent market activity includes partnerships, investments, and initiatives aimed at improving recycling processes and enhancing sustainability in the E-Waste recycling industry. These developments reflect the industry's commitment to responsible recycling practices and resource recovery in a changing electronics landscape influenced by the COVID-19 pandemic.

The U.S. Market is Estimated at $8.1 Billion, While China is Forecast to Grow at 17% CAGR

The Electronics Recycling market in the U.S. is estimated at US$8.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$28.6 Billion by the year 2030 trailing a CAGR of 17% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.5% and 9.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 13.3% CAGR.

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For more information about this report visit https://www.researchandmarkets.com/r/bfi2i3

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