E-Waste Recycling and Reuse Services Market Trends 2024-2033

The Business Research Company recently released a comprehensive report on the Global E-Waste Recycling and Reuse Services Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The e-waste recycling and reuse services market size has grown strongly in recent years. It will grow from $1.65 billion in 2023 to $1.81 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to increasing consumer electronics ownership, government regulations, environmental awareness, corporate sustainability initiatives, precious metal recovery.

The e-waste recycling and reuse services market size is expected to see strong growth in the next few years. It will grow to $2.54 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to circular economy initiatives, extended producer responsibility, 5g technology adoption, e-waste from electric vehicles, global e-waste management standards, smart devices recycling. Major trends in the forecast period include innovations in recycling technologies, public and private sector partnerships, rapid technological advancements, consumer education initiatives, recommerce and refurbishment, e-waste data security.

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Market Drivers and Trends:

The surge in E-waste generation is expected to propel the growth of the e-waste recycling and reuse services market going forward. E-waste (electronic waste) refers to any electrical and electronic equipment (EEE) and its parts abandoned as garbage by their owner with no intention of reuse. These services provide convenient and responsible avenues for disposing of electronic devices, and these services encourage individuals and businesses to recycle their old or obsolete electronics instead of discarding them in landfills. For instance, in 2022, according to the Global Transboundary E-waste Flows Monitor 2022 report, published by the United Nations Institute for Training and Research (UNITAR), a Switzerland-based United Nations institute for training and research, the amount of global E-waste generated will exceed 74 metric tons in 2030, representing 9.0 KG of e-waste generation per capita, and as much as 110 metric tons is expected by 2050. Therefore, the surge in E-waste generation will drive the E-waste recycling and reuse services market.

Technological advancements are a key trend gaining popularity in the E-waste recycling and reuse services market. Major companies operating in the E-waste recycling and reuse services market are focused on developing advanced solutions to strengthen their position in the market. For instance, in August 2022, the REMADE Institute, a US-based public-private collaboration formed by the Department of Energy for economic development, announced a new technology license featuring a technical breakthrough capable of recovering precious metals from discarded electronics more efficiently and cost-effectively. The process benefits of low-concentration metal recovery from complex streams using gas-assisted microflow solvent extraction (GAME) make it more cost-effective to recover precious metals and enable manufacturers to repurpose them from various electronic wastes intended for trash.

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Major Key Players of the Market:

Dell Technologies Inc., Lockheed Martin Corp., International Business Machines Corporation, Veolia Environnement S.A., Hewlett-Packard Enterprise Company, Aurubis AG, Waste Management Inc., Boliden AB, Sembcorp Industries Ltd., Umicore N.V., Sims Lifecycle Services Inc., GEEP (Global Electric Electronic Processing) Inc., Enviro-Hub Holdings Ltd., Electronic Recyclers International Inc., MRI technologies, Raw Materials Company Inc., Stena Technoworld AB, Dataserv Inc., Call2Recycle Inc., GreenTek Solutions LLC, MBA Polymers Inc., AER Worldwide, Tetronics Ltd., GreenChip Inc., Eco Recycling Ltd., TES Co. Ltd., Maven Technologies LLC, Ecotech Services Limited, E-Waste Express.

E-Waste Recycling and Reuse Services Market 2024 Key Insights:

• The e-waste recycling and reuse services market size is expected to see strong growth in the next few years. It will grow to $2.54 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%.
• Sustainable Solutions For Growing E-Waste Driving Forces Behind The Expansion Of E-Waste Recycling And Reuse Services Market
• The Pivotal Role Of Technological Advancements In E-Waste Recycling And Reuse Services
• Asia-Pacific was the largest region in the E-waste recycling and reuse services market in 2023

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