The Electronic Waste Recycling market is projected to grow from USD 48.41 billion in 2024 to USD 66.33 billion by 2029, at a CAGR of 6.5% during the forecast period. The research report provides access to critical information such as market growth drivers, electronic waste recycling market key players, growth restraints, current market trends, the market's economic and financial structure, and other key market details. Electronic waste recycling, or e-waste recycling, refers to the process of collecting, disassembling, and processing discarded electronic devices to recover valuable materials while minimizing the environmental impact. The recycling process begins with the collection of e-waste from various sources, followed by sorting and dismantling to extract metals (such as gold, silver, and copper), plastics, and glass. These materials are then processed for reuse in manufacturing new products, contributing to a circular economy. E-waste recycling plays a crucial role in preventing hazardous substances from contaminating the environment, thereby promoting responsible disposal practices and resource recovery.
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The major players active in the electronic waste recycling market are based in Asia Pacific, North America, and Europe region. Dell Inc. (US), Umicore SA (Belgium), Quantum Lifecycle Partners (Canada), Enviro-Hub Holdings Ltd. (Singapore), Kuusakoski Oy (Finland), Stena Metall AB (Sweden), Call2Recycle Inc., (US), Aurubis AG (Germany), E-Parisara Pvt. Ltd. (India), ERI (US), Boliden Group (Sweden), Attero Recycling Pvt. Ltd. (India), Veolia (France), and SIMS Ltd. (Australia) are among the leading players operating in electronic waste recycling market. Developing recycling process to meet the regulatory framework, that is constantly changed by the governments in the region. companies are actively involved in engaging various growth oriented strategies, including contracts, partnerships, mergers and acquisitions and new technology development. By engaging in these organic and inorganic growth strategies, these companies are working to solidify their market presence in the electronic waste recycling market.
Umicore (Belgium)
Umicore is a prominent global materials technology and recycling group. The company specializes in the circular materials technology, emphasizing upon material science, metallurgy, and chemistry. It operates through three major reportable segments, namely, Catalysis, Energy & Surface Technologies, and Recycling. Umicore provides electronic waste recycling services through the Recycling segment.
Umicore caters to a broad range of customers located in 99 countries across the world. The company has established local presence in the Asia Pacific, Europe, North America, South America, and South Africa. It has 44 different production sites, 15 research & development sites, and 34 other sites that carry out sales and marketing operations.
Enviro-Hub Holdings Ltd. (Singapore)
Enviro-Hub Holdings Ltd., is a Singapore based recycler business operating in various sectors. They are involved in recycling and recovery of electronic waste, piling and regulatory compliance management, plastic and glass recycling. The company operates through four major business segments namely, Recycling, Healthcare, Property, and Construction, and offers electronic waste recycling waste services under the Recycling segment. Enviro Hub-Holdings Ltd. caters to the electronic waste recycling market through two of its subsidiaries, Cimelia Resource PTE Ltd. and HLS Environmental PTE Ltd.
Enviro-Hub operates in various countries of North America, Latin America, and Asia Pacific. The geographical diversity enables the company to tap into multiple markets for its services, particularly in electronic waste recycling and environmental management solutions.
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Kuusakoski Oy (Finland)
Kuusakoski Oy is a prominent recycling company based in Finland It is recognized as Europe’s leading electronic recycling service provider. The company operates under two main business segments, namely, Recycling and Foundries and provides electronic waste recycling services under the Recycling business segment. Kuusakoski is also known to further sell recycled raw materials that the company extracts from electronic waste such as aluminum fractions, precious metals (gold, silver, and platinum), ferrous scrap, stainless steel scrap, and non-ferrous metal scrap (copper, brass, bronze, and lead).
Kuusakoski Oy has operations in 54 locations across North America, Europe, and Asia Pacific. The company globally produces over 10,000 tons of copper and precious metal containing secondary raw materials for refineries.
Metals segment is expected to grow with highest CAGR in Electronic Waste Recycling Market during the forecasted period.
The Electronic Waste Recycling Market is segmented based on the material into Metals, Glass, Plastics and other materials. Metals are the high value materials that the electronic recyclers are heavily dependent to recover their operating cost and achieve profitability. Although high value metals are present in a very less volume, owing to their demand in the market these recyclers are able to make huge returns on these material segment. Common metals that is recycled and recovered from electronic waste includes aluminum, copper, lithium, gold, silver, palladium, tin nickel and lead. Of these materials, gold, lead, palladium generate the higher value, even with overall volume of these metals remain very low. Recyclers are constantly looking for electronic components that contains these mentioned materials to recover and resell them to achieve profitability. With ongoing price trend of these materials, companies are actively looking to increase their processing capacity of these materials above other materials such as glass, plastics and others.
IT & Telecommunication is expected to grow with highest CAGR in Electronic Waste Recycling Market during the forecasted period.
The Electronic Waste Recycling Market is segmented based on source into Household Appliances, Consumer Electronics, IT & Telecommunications, Mobile Computing Devices, and other sources. IT & Telecommunication segment is the largest point source of electronic scrap for the recyclers in the formalized recycling market. These companies are also bound by regulatory compliances to responsibly dispose of their older devices. With rising requirement for computational power with emerging technologies, the generation of electronic scrap is expected to increase, which in turn increases the responsibility of the companies to responsibly dispose these devices through recycling of these devices through partnerships with recycling companies.
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Asia Pacific region is expected to registered highest CAGR both in terms of value and volume during forecasted period
The Electronic Waste Recycling Market has been studied in North America, Europe, Asia Pacific, South America and Middle East and Africa.
The Asia Pacific Electronic Waste Recycling Market is experiencing explosive growth, due to strong demand of recycled materials in various end-use industries. Advancements in technologies, rapid urbanization, growing investments, and government initiatives is driving the demand for electronics in this region. Countries like China, Japan, and India are witnessing significant growth in electronics industry due to increasing consumption of consumer electronics, and presence of large number of electronics manufacturers that are using high purity gases in electronic devices. Various government initiatives have been taken to transform the electronics industry and promote semiconductor production by focusing on innovation and high-tech manufacturing process.
The mounting level of e-waste generated currently by the global population is estimated to fortify the growth of the electronic waste recycling market 2020.
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A 13.03% CAGR is estimated to shape the market worth to USD 39,498.81 Million by 2024.The government aid in reducing e-waste and institution of strong policies to reduce e-waste is anticipated to benefit the expansion of the e-waste recycling market size.
The road to the resurgence of the market is estimated to be lengthy and arduous due to the degree of a setback it has suffered.
The prospects for growth in the market have to be carefully sought out and examined to ensure that they will ensure the favorable development of the market in the coming period.
The stress on enhancing the production potential and upgradation of the workforce are the top priorities to reinvigorate the development potential of the market in the coming period.
Over the past few years, electronic waste is the fastest-growing term worldwide.
E-waste contains metals, carbon, lead, mercury, etc.
Electronic recycling is important but how it should be implemented by ITAD companies is something of a puzzle to a lot of manufacturers at the moment.
Here are some solutions for easy e-waste recycling.
Electronic Waste Recycling MarketIn this rapidly changing environment, electronic wastes are ever increasing and thus the need for effective electronic waste management is also increasing.
The higher environmental concerns and awareness are driving the Electronic Waste Recycling market.
The Electronic Waste Recycling has many benefits as elimination of health and environment hazards, conservation of resources, energy efficiency, economic growth and others which boosts the market.
Whereas the lack of awareness of the Electronic Waste Recycling methods are restraining the Electronic Waste Recycling market.The Electronic Waste Recycling Market is growing rapidly over 17% of CAGR and is expected to reach at USD ~26 billion by the end of forecast period.Request a Sample Report @https://www.marketresearchfuture.com/sample_request/2553Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report.
Avail the in-depth table of content TOC & market synopsis on “The Electronic Waste Recycling Market Research Report -Forecast to 2022”.Electronic Waste Recycling Market Segmentation:The Electronic Waste Recycling market has been segmented on the basis of components of processed materials and sources of equipment processed.
The components of processed materials segment consists of plastic, glass, mercury, metals, printed circuit boards, hard drives, batteries and others.
7th September, 2018 - Electronic Waste Recycling Market is displaying positive outlook at a rising CAGR due to growing environmental corrective measures.
E-waste from electronics, electrical and consumer electronics segment has reached colossal proportions with waste generation due to discarded electronic devices and gadgets escalating every year.
Disposing electronic gadgets may bring out many valuable components within them such as gold and silver which can cause serious environmental hazards, thus behaving as growth factors for electronic waste recycling market.
This growth in electronic waste recycling market gets even more enhanced due to upgraded electronic devices hitting the markets and in the process generating tons of e-waste easily making it one of the fastest growing markets worldwide.Request a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/electronic-waste-recycling-market/request-sampleEstimates to e-waste generation across regions has created a lot of buzz lately, hence government organizations of various regions are taking effective steps in order to curb environmental pollution.
Advancements in technology has demanded an end to obsolete technology with regions such as North America exporting E-waste to developing regions such as India and China to process recycled waste and generate market revenue.
Market segmentation in electronic waste recycling industry by component includes plastic, glass, mercury, metals, printed circuit boards, hard drives, batteries and others.
The Electronic Waste Recycling has many benefits as elimination of health and environment hazards, conservation of resources, energy efficiency, economic growth and others which boosts the market.
Whereas the lack of awareness of the Electronic Waste Recycling methods are restraining the Electronic Waste Recycling market.The Electronic Waste Recycling Market is growing rapidly over 17% of CAGR and is expected to reach at USD ~26 billion by the end of forecast period.Electronic waste is becoming a major component of the global waste problem.
This kind of waste is generally known as e-waste, which is the trash that is produced from excess, damaged, and out-of-date electronic devices.
The improper disposal of gadgets and devices of these hazardous materials has a high risk of polluting the air, polluting soil, and percolating into water sources and inevitably disrupting the global food chain.Once e-waste is deposited in a typical landfill and if there is a water body or source that flows through the landfill and collects traces of these elements from these dangerous minerals, eventually contaminates the landfill water, known as “leachate,” and gets through strata of natural and mass-produced landfill liner and other protective barriers.
Whereas the environmental impacts such as the pollution of the underground water table among other ramifications that will motivate the global e-waste recycling market.The electronic waste recycling, even with the best practices in hand in recent years, has often resulted in the illegal shipping and dumping of e-waste overseas.
The devices in such situations get left in a huge pit or incinerated.
