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Steady Expansion Forecast for E-Waste Recycling and Reuse Services Market, Projected to Reach $2.8 Billion by 2029
E-Waste Recycling and Reuse Services
E-Waste Recycling and Reuse Services Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market for E-waste recycling and reuse services has seen a significant uptick in recent times. The market, which stood at $1.8 billion in 2024 is expected to surge to $1.98 billion in 2025, with a compound annual growth rate (CAGR) of 9.7%. This expansion in the past period can be attributed to factors such as the rise in ownership of consumer electronics, governmental regulations, heightened environmental consciousness, initiatives for corporate sustainability, and precious metal recovery.
E-Waste Recycling and Reuse Services Market Size Forecast: What's the Projected Valuation by 2029?
The market of E-waste recycling and reuse services is projected to experience robust expansion in the forthcoming years, escalating to $2.8 billion in 2029, at a compound annual growth rate (CAGR) of 9.1%. The anticipated surge during the predicted period can be credited to factors such as circular economy strategies, extended producer responsibility, the adoption of 5G technology, the generation of E-waste from electric vehicles, the adoption of global E-waste management standards, and smart device recycling. The significant trends expected to shape the forecast period include the emergence of innovative recycling technologies, collaboration between both public and private sectors, swift advancements in technology, public awareness campaigns, device refurbishment, and ensuring data security in E-waste.
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What Are the Drivers Transforming the E-Waste Recycling and Reuse Services Market?
Anticipated growth in the e-waste recycling and reuse services market is likely to be fueled by the increasing production of E-waste. E-waste, or electronic waste, is any piece of electrical or electronic equipment that is no longer wanted by its owner, and thus discarded without any plans for reuse. These recycling and reuse services offer a responsible method for disposing of such products, motivating both individuals and businesses to recycle their outdated or unneeded electronics rather than throwing them away. For example, the Global Transboundary E-waste Flows Monitor 2022 report, released by the United Nations Institute for Training and Research (UNITAR), a Swiss-based UN agency, predicts that by 2030, global E-waste production will exceed 74 metric tons - equivalent to an average of 9.0 KG per person - and estimates suggest this figure could rise to 110 metric tons by 2050. As a result, the escalation in E-waste production is expected to stimulate the e-waste recycling and reuse services market.
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What Long-Term Trends Will Define the Future of the E-Waste Recycling and Reuse Services Market?
The E-waste recycling and reuse services market is increasingly influenced by technological progress. The principal companies in this sector are concentrating on innovating sophisticated solutions to fortify their market standing. The REMADE Institute, an American public-private partnership set up by the Energy Department for economic growth, revealed a revolutionary technology license in August 2022. This breakthrough enables more efficient and economical extraction of precious metals from discarded electronics. The license's unique process of employing gas-assisted microflow solvent extraction (GAME) to recover low-concentration metals from complex streams makes reclaiming precious metals more affordable. It allows manufacturers to repurpose these metals from a variety of electronic waste products meant for garbage.
Which Segments in the E-Waste Recycling and Reuse Services Market Offer the Most Profit Potential?
The E-waste recycling and reuse services market covered in this report is segmented -
1) By Source Type: Household Appliances, Consumer Electronics, Industrial Electronics
2) By Material: Metal, Plastic, Glass, Other Materials
3) By Application: Trashed, Recycled
Subsegments:
1) By Household Appliances: Major Appliances, Small Appliances, Air Conditioners And Heaters
2) By Consumer Electronics: Mobile Phones And Tablets, Laptops And Computers, Televisions And Monitors, Gaming Consoles, Audio Equipment
3) By Industrial Electronics: Communication Equipment, Industrial Machinery And Equipment, Medical Devices, Automation And Control Systems, Electrical Components And Circuit Boards
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Which Firms Dominate the E-Waste Recycling and Reuse Services Market by Market Share and Revenue in 2025?
Major companies operating in the E-waste recycling and reuse services market include Dell Technologies Inc., 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., Arrow S Corp., GreenChip Inc., Eco Recycling Ltd., TES Co. Ltd., Maven Technologies LLC, Ecotech Services Limited, E-Waste Express
Which Regions Offer the Highest Growth Potential in the E-Waste Recycling and Reuse Services Market?
Asia-Pacific was the largest region in the E-waste recycling and reuse services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the E-waste recycling and reuse services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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