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E-scra*p Recycling Global Market 2024 - Industry Analysis, Future Trends, Segmentation And Key Players 2033

05-27-2024 08:37 AM CET | Energy & Environment

Press release from: The Business research company

E-scra*p Recycling Global Market

E-scra*p Recycling Global Market

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

e-scra*p Recycling Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $14.15 billion In 2028 At A CAGR Of 10.2% :

The e-scra*p recycling market size has grown rapidly in recent years. It will grow from $8.68 billion in 2023 to $9.58 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to rising e-waste volumes, regulatory initiatives, resource scarcity concerns, corporate sustainability goals, consumer awareness.

The e-scra*p recycling market size is expected to see rapid growth in the next few years. It will grow to $14.15 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to evolving e-waste composition, government circular economy policies, extended producer responsibility (EPR), urban mining opportunities, global collaboration. Major trends in the forecast period include advancements in sorting technologies, technological advancements, technological innovations in recycling processes, urban mining, global collaboration and partnerships.

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e-scra*p Recycling Market Major Segments
The e-scra*p recycling market covered in this report is segmented -

1) By Product: IT and Telecom Equipment, Small Household Appliances, Large White Goods, Consumer Electronics, Other Products
2) By Processed Material: Metal, Glass, Plastic, Other Processed Materials
3) By Application: Dealing Materials, Recycling Materials

Key Driver - Proliferation Of Electronic Devices Drives e-scra*p Recycling Expansion

The growing usage of electronic products is expected to propel the e-scra*p recycling market growth going forward. Electronic product means any manufactured product or device or part of such a product or device that has an electronic circuit. The need for electronic equipment has increased significantly as a result of technological improvements which makes tons of electronic scraps or electronic waste which can be recycled to reduce carbon footprints and better environmental condition. Computer monitors, motherboards, cell phones and chargers, CDs, headphones, television sets, air conditioners, and refrigerators are examples of common electronic garbage (e-waste). For instance, according to Invest India, an India-based national investment promotion and facilitation agency that helps investors looking for investment opportunities and options in India, in 2020, the global market for electronic devices was worth $2.9 Tn. Furthermore, The Consumer Technology Association (CTA), a US-based standard and trade organization representing 1,376 consumer technology companies in the United States, projected that the consumer technology industry to generate over $505 billion in retail sales revenue for the first time, the projection also represents a 2.8% revenue increase from the 2021's impressive 9.6% growth over 2020. Therefore, the growing usage of electronic products is driving the growth of the e-scra*p recycling market.

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Prominent Trend -

Technological Advancements are a key trend gaining popularity in the e-scra*p recycling market. Major companies operating in the e-scra*p recycling market are focused on developing new technological solutions to strengthen their position. For instance, in September 2022, ANDRITZ, an Austria-based technology group that provides plants, systems, equipment, and services for various industries, launched shredder technology that enables sustainable recycling of e-scra*p. The new ADuro G-1600S granulator is equipped with additional wear protection for a higher lifetime. The machine can be maintained easily, reducing downtimes to a minimum and thus achieving higher production. The granulator replaces the existing machine from another supplier.

e-scra*p Recycling Market Players
Major companies operating in the e-scra*p recycling market report are TES-AMM Japan, DOWA Holdings Co. Ltd., Aurubis AG, Tetronics Holdings Ltd, Boliden AB, JX Nippon Mining & Metals Corporation, Sims Lifecycle Services Ltd, Umicore N.V., Stena Metall AB, Retronix Inc., Technology Conservation Group Inc., Sage Sustainable Electronics LLC, Enviro-Hub Holdings Ltd, Quantum Lifecycle Partners LP, Dynamic Recycling Inc., ERI LLC and Sims Metal Management Limited, Electronic Recyclers International Inc., Advanced Technology Recycling Inc., PowerHouse Recycling Inc., MBA Polymers Inc., Lifespan Technology Recycling Inc., E-Waste Harvesters Inc., Grand Metal Corporation, GreenChip Recycling LLC, RecycleForce, Ecoreco Limited, Global Electric Electronic Processing Inc., ECS Refining LLC, E-Parisaraa Pvt. Ltd., Secure Environmental Electronics Recycling Inc.

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Largest And Fastest Growing Region In The Market
Europe was the largest region in the e-scra*p recycling market in 2023. The regions covered in the e-scra*p recycling market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. e-scra*p Recycling Market Report Structure
3. e-scra*p Recycling Market Trends And Strategies
4. e-scra*p Recycling Market - Macro Economic Scenario
5. e-scra*p Recycling Market Size And Growth
…..
27. e-scra*p Recycling Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Contact Us:
The Business Research Company
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Email: info@tbrc.info

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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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