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E-Waste Recycling and Reuse Services Market Expansion Continues, with Forecast Valuation of $2.83 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 unmistakable growth in the past few years. The market size is expected to escalate from $1.8 billion in 2024 to $1.98 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 10.0%. The considerable expansion during the historical period is a result of factors such as higher ownership of consumer electronics, governmental regulations, heightened environmental consciousness, initiatives towards corporate sustainability and the process of precious metal recovery.
E-Waste Recycling and Reuse Services Market Size Forecast: What's the Projected Valuation by 2029?
The market for e-waste recycling and reuse services is projected to exhibit robust expansion in the foroming years, escalating to $2.83 billion in 2029 with a CAGR of 9.3%. The propelling factors for growth during the predicted period are tied to circular economy initiatives, extended producer obligations, adoption of 5G technology, e-waste originating from electric vehicles, worldwide e-waste management standards, and recycling of smart devices. Key trends throughout this period will involve advancements in recycling technologies, collaborations between public and private sectors, swift tech advancements, efforts in consumer education, refurbishment processes, and data security in e-waste.
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What Are the Drivers Transforming the E-Waste Recycling and Reuse Services Market?
The boom in the production of E-waste is set to fuel the expansion of the e-waste recycling and reuse services market in the future. E-waste, also known as electronic waste, includes any electronic equipment or its components that are discarded by their owners without any plans for further utilization. These services offer a practical and eco-friendly solution for discarding old or obsolete electronic devices, promoting a culture of recycling instead of dumping them in landfill areas. To illustrate, as per the Global Transboundary E-waste Flows Monitor 2022 report by the United Nations Institute for Training and Research (UNITAR), a Swiss entity of the United Nations, it's projected that in 2030, the global E-waste creation will surpass 74 metric tons, denoting 9.0 KG E-waste generation per individual. The figure is anticipated to reach as high as 110 metric tons by 2050. Thus, the rise in E-waste production will 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 progression of technology is a notable trend that is becoming increasingly recognized in the E-waste recycling and reuse services market. Several leading corporations in this market are concentrating their efforts on the creation of innovative solutions to reinforce their mark in the market. For instance, in August 2022, the REMADE Institute, an association created by the Department of Energy for the purpose of economic development, proclaimed a new technology license. This license encompasses a technical innovation capable of recovering valuable metals from electronic waste in a more productive and budget-friendly way. The method, known as the gas-assisted microflow solvent extraction (GAME), can recover metals from intricate streams, even at low concentrations. This renders the process more cost-efficient in recycling precious metals and allows companies to reclaim and repurpose them from a variety of electronic wastes originally designated for disposal.
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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