Electronics Recycling Market Size | Share | Industry Analysis 2022-2028

According to Precision Business Insights (PBI), the global electronics recycling market size was valued at USD 86.4 billion in 2021 and is poised to grow at a significant CAGR of 14.1% during the forecast period 2022 to 2028. Special and precious metals like silver, gold, palladium, platinum, indium, and gallium are found in e-waste. Consumer electronics, IT, and communication gadgets are all produced using these rare elements. Because these metals are rare, the cost of their goods is similarly high. This has made it more important than ever to reuse, repair, and recycle metal-based equipment. As a result, these problems undoubtedly push producers of electronic goods to seek out raw materials from recovered e-waste. This helps countries minimize greenhouse gas emissions, which will undoubtedly lessen the risks of global warming.

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Electronics Recycling Market Growth Factors:
The amount of e-waste produced by electrical, electronic, and consumer electronics is substantial and rising quickly each year. The growing need for updating to the most recent technology is the primary factor fueling the growth of the e-waste management industry. Millions of tonnes of e-waste are produced each year in numerous nations as a result of the push to adopt new, technologically advanced equipment. It is believed that government programs, regulations, and efforts to manage e-waste effectively will aid in the solution to the issue. Hence, the market is expanding. Yet, increasing public awareness of recycling programs in developing countries and the associated costs is necessary to grow the global market. Also, it is anticipated that due to the shorter lifespan of electronic devices, usable electronic equipment will be disposed of as e-waste. E-waste recycling options are being made possible as a result, which is expected to considerably fuel industry growth. Sales of electronic products have significantly expanded as a result of quick technological advancement and continual product innovation. Computers, televisions, and mobile gadgets are all expanding quickly on a global scale. The sale of these electronics is gradually rising due to rising disposable income and purchasing power. Also, the release of new products with enhanced features and added services motivate customers to switch from older models to more recent ones.

The global electronics recycling market segmentation
1) By Type: Steel, Tin, Nickel, Aluminum, Copper, Zinc, Gold, Silver, Plastic Resins
2) By Application: Computers, Mobile Phones

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Electronics Recycling Market Regional Analysis:
Due to a number of factors, including new product developments as a result of ongoing innovation and the ongoing drop in the price of electronic items, Asia-Pacific currently has a dominant position in the e-waste management market. This has had a significant impact on the real life span of electronic items like computers and smartphones. Also, the region's numerous countries' rising per capita incomes have encouraged consumers to frequently upgrade their goods purchases. In the past ten years, sales of electronic products including computers, refrigerators, and mobile phones have increased, contributing to an increase in the amount of e-waste generated in the area.

Key players in the Electronics Recycling Market report are Aurubis AG, Boliden Group, Cerebra Integrated Technologies Ltd., Clean Earth, Inc., Enviro-Hub Holdings Ltd., Fortune Group, Good Point Recycling, MBA Polymers, Inc., Sims Metal Management Limited, Stena Technoworld AB, Umicore N.V., URT, Zak Enterprises

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