Press release
Global E-waste Recycling Market Insights and Forecast to 2028
The global E-waste Recycling market size is estimated to be worth US$ 17260 million in 2022 and is projected to reach US$ 27240 million by 2028 with a CAGR of 7.9% during the review period.Major factors driving the growth of the e-waste recycling market are:
Growing e-commerce sales of electronics is expected to drive the growth of the e-waste recycling market. With the majority of countries exporting their e-waste, e-waste importers have started to capitalize on the lucrative market. E-waste contains a variety of valuable metals, including gold, silver, and copper, which can be recovered and processed further.
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TRENDS INFLUENCING THE GROWTH OF THE E-WASTE RECYCLING MARKET
Governments all across the world are enforcing strict regulatory laws on the disposal of e-waste that are imposed on manufacturers. Human health is frequently jeopardized as a result of the growth of e-waste. In facilities that operate irregularly disposed e-waste, a rise in conditions relating to lung illnesses and the physical toll has been noticed. E-waste can come from a variety of products, including televisions, air conditioners, refrigerators, computers, laptops, and gaming gadgets, to mention a few. Many states are seeing the value of not allowing these used things to end up in landfills, hence increasing waste streams. Instead, they're looking for ways to recycle. This in turn is expected to drive the growth of the e-waste recycling market.
Silver, gold, palladium, platinum, indium, and gallium are among the special and precious metals found in e-waste. These rare elements are frequently employed in consumer electronics, as well as in IT and communication systems. Because these metals are scarce, the prices of their goods are similarly high. This has boosted the demand for metals-based gadgets to be reused, refurbished, and recycled. As a result, these concerns compel electronic device producers to hunt for raw materials in recycled e-waste. This also helps countries cut greenhouse gas emissions, which helps to mitigate the dangers of global warming.
Consumers are buying more electronic devices than ever before, according to new data, from the Consumer Technology Association reports that the average American family owns up to 24 electronic products. Each year, as electronics become more sophisticated, previous models become obsolete. Thus the growing number of electronics devices is expected to drive the growth of the e-waste recycling market.
Despite the numerous benefits of electronics recycling, the market's growth is expected to be hampered by a lack of recycling infrastructure. In addition, a lack of awareness in less developed countries, as well as a scarcity of e-waste collection centers, could represent a danger to this sector.
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TOP COMPANIES IN THE E-WASTE RECYCLING MARKET:
Global E-waste Recycling key players include Sims Recycling Solutions, Electronic Recyclers International, Kuusakoski, Umicore, Waste Management, etc. Global top five players hold a share of about 15%.
E-Waste Recycling Market By Type
Infocomm Technology (ICT) Equipment
Home Appliances
Other Types
E-Waste Recycling Market By Application
Refrigerator
TV Set
Air Conditioner
Washing Machine
E-Waste Recycling Market By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
E-Waste Recycling Market By Company
Sims Recycling Solutions
Eletronic Recyclers International
Kuusakoski
Umicore
Waste Management
Gem
Stena Metall Group
GEEP
Dongjiang
Electrocycling
Cimelia
Veolia
Enviro-Hub Holdings
E-Parisaraa
environCom
SIMILAR REPORTS
https://reports.valuates.com/market-reports/QYRE-Auto-37E5989/global-hazardous-waste-treatment
https://reports.valuates.com/market-reports/QYRE-Auto-21J5209/global-e-waste-management-solution
https://reports.valuates.com/market-reports/QYRE-Auto-11V6331/global-hazardous-waste-management
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