Evolve Business Intelligence has published a research report on the Global E-scrap Recycling Market, 2023–2033. The Global E-scrap Recycling market is projected to exhibit a CAGR of around 14.2% during the forecast period of 2023 to 2033.
Evolve Business Intelligence has recognized the following companies as the key players in the global E-scrap Recycling Market: JX Nippon Mining & Metals Corporation, Ecoreco Ltd, Electronic Recyclers International, Stena Metall AB, Quantum Lifecycle Partners, Umicore N.V., WM Intellectual Property Holdings, Iron Mountain Incorporated, DOWA ECO-SYSTEM Co Ltd, Desco Electronic Recyclers.
Market Highlights
Global E-scrap Recycling market is projected to be valued at USD 97.44 Billion by 2033, recording a CAGR of around 14.2% during the forecast period. E-scrap recycling, also known as electronic waste recycling or e-waste recycling, refers to the process of recovering valuable materials from discarded electronic devices. Electronic waste includes a wide range of electronic devices, such as computers, laptops, mobile phones, televisions, printers, and other consumer electronics. The rapid advancement of technology and the growing demand for electronic devices have led to a significant increase in electronic waste generation. E-scrap recycling aims to minimize the environmental impact of electronic waste by diverting it from landfills and extracting valuable resources for reuse.
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The COVID-19 pandemic had a profound and transformative impact on the E-scrap Recycling market. With the increased reliance on technology during lockdowns and remote work, there was a surge in electronic waste generation as people upgraded their devices or disposed of outdated ones. At the same time, disruptions in global supply chains and logistical challenges hindered the recycling and disposal processes. However, the pandemic also highlighted the importance of sustainable practices, leading to greater awareness and demand for e-scrap recycling services. The industry responded by adopting innovative solutions such as remote diagnostics, contactless collection, and digital platforms for e-waste management. Overall, the pandemic accelerated the need for efficient and environmentally responsible e-scrap recycling practices, driving market growth and shaping the industry’s future.
Segmental Analysis
The Global E-scrap Recycling market has been segmented based on Product Type, and Processed Materials.
Based on the Product Type, the E-scrap Recycling market is segmented into IT and Telecommunications Equipment, Large White Goods, Small Household Appliances, and Others. The Large White Goods segment is expected to have a larger market share throughout the forecast period.
Based on Processed Materials, the global E-scrap Recycling market has been divided into Plastic, Metal, Glass, and Others. The Glass segment is anticipated to dominate the market.
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Regional Analysis
The E-scrap Recycling market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, & Africa. North American region, including the U.S. and Canada, has a well-established e-scrap recycling infrastructure and regulatory framework. The market is driven by stringent environmental regulations, increasing awareness about responsible e-waste management, and the presence of major electronic manufacturers and recycling companies. Europe has been at the forefront of e-scrap recycling initiatives, with strict regulations like the Waste Electrical and Electronic Equipment (WEEE) directive. The region has a robust recycling infrastructure and a strong emphasis on the circular economy. Germany, France, and the U.K. are significant contributors to the European e-scrap recycling market. The Asia-Pacific region, including countries like China, Japan, India, and South Korea, represents a significant share of the global e-scrap recycling market. Rapid industrialization, urbanization, and the increasing adoption of electronic devices have led to substantial e-waste generation. Governments and organizations in the region are focusing on improving recycling practices and sustainable waste management. South America is witnessing a growing e-scrap recycling market due to the increasing penetration of electronic devices in the region. Countries like Brazil, Argentina, and Chile are investing in e-waste management infrastructure and regulations to address the environmental impact of electronic waste. The Middle East and Africa region has been experiencing a rising demand for e-scrap recycling services. Governments and organizations are implementing policies and regulations to encourage proper e-waste disposal and recycling. Countries like South Africa, UAE, and Nigeria are significant contributors to the e-scrap recycling market in this region.