PUBLISHER: Allied Market Research | PRODUCT CODE: 1344437
PUBLISHER: Allied Market Research | PRODUCT CODE: 1344437
According to a new report published by Allied Market Research, titled, "E Scrap Recycling Market," The e scrap recycling market was valued at $25.91 billion in 2022, and is estimated to reach $96.7 billion by 2032, growing at a CAGR of 14.2% from 2023 to 2032.
E-waste recycling is the process of recycling used electrical and electronic equipment such as laptops, televisions, computers, air conditioners, mobile phones, DVDs, ovens, etc. The purpose of e-waste recycling is to reduce the environmental impact and safely recycle the raw material. materials such as glass, plastic, metal and mercury, and recycle these mined materials and equipment.
Efficient management of electronic waste is crucial, especially in cities, which are expected to produce the majority of e-waste in the coming years. To address this issue, it is important to increase collection and recycling rates and reduce the amount of e-waste that ends up in landfills. The development of smart cities and the use of information and communication technology for waste management offer new and interesting prospects for effective e-waste management.
Increasing urbanization, industrialization, and high discretionary income have contributed to the rise in the usage of electrical and electronic equipment, resulting in a significant increase in e-scrap. Unfortunately, over 60% of the total e-waste generated is not recycled and is either illegally exported or dumped in landfills. This presents an opportunity for the e-scrap recycling market to increase its market share and improve its operations.
The e-scrap recycling market is segmented on the basis of product type, processed materials, and region. By product type, the market is categorized into IT and telecommunication equipment, large white goods, small household appliances, and others. By processed materials, the market is divided into plastic, metal, glass, and others. By region, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific) and LAMEA (Latin America, the Middle East, and Africa).
The key players profiled in the e-scrap recycling industry include Stena Metall AB, Electronic Recyclers International, JX Nippon Mining & Metals Corporation, DOWA ECO-SYSTEM Co., Ltd., Umicore N.V., Ecoreco Ltd., Quantum Lifecycle Partners, WM Intellectual Property Holdings, L.L.C., Desco Electronic Recyclers, Iron Mountain Incorporated.