E Scrap Recycling Market Research, 2032
The global e scrap recycling market was valued at $25.9 billion in 2022, and is projected to reach $96.7 billion by 2032, growing at a CAGR of 14.2% from 2023 to 2032.
The terms "e-waste," "electronic waste," "e-scrap," and "end-of-life electronics" refer to used electronic devices that are approaching the end of their functional lifespan and are discarded, donated, or given to a recycler. The e scrap recycling market refers to the market for the recycling of electronic waste. Examples of electronic devices that can become e-waste include home appliances like air conditioners, televisions, electric cookers, heaters, DVDs, fans, microwaves, and radios, as well as information technology equipment like computers, laptops, mobile phones, batteries, hard disks, circuit boards, and monitors. E-waste recycling emerged as a trend to protect human and environmental health, primarily due to the widespread environmental pollution impacts of e-waste. As such, it has become one of the most talked-about issues in the world today.
Worldwide advancements in technology have led to a significant rise in the demand for electrical and electronic equipment. The rapid expansion of the market and the rapid innovation of products, such as the switch from analog to digital technologies, have resulted in shorter product lifecycles and faster product turnover, which has contributed to the accumulation of electronic scrap. However, as these devices contain harmful elements like lead, mercury, and cadmium, improper disposal of e-scrap can pose environmental and health risks. Proper management of e-scrap is essential. Therefore, in order to lessen the negative effects that e-waste has on the environment, it is essential to promote recycling and the use of proper disposal strategies. This factor is expected to fuel the e scrap recycling market during the forecast period.
The e scrap recycling market is segmented into Product Type and Processed Materials.
By product type, the market is categorized into IT and telecommunication equipment, large white goods, small household appliances, and others. The large white goods segment was the highest revenue contributor to the market.
By processed materials, the market is divided into plastic, metal, glass, and others. The metal segment was the highest revenue contributor to the market.
Region-wise, the e scrap recycling market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, and the rest of Europe), Asia-Pacific China, Japan, India, South Korea, and the rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific, specifically the China region, remains a significant participant in the global e-scrap recycling industry.
The e scrap recycling market overview provides a comprehensive analysis of the global electronic waste recycling industry, including key players, market segmentation, and growth drivers. The electronic scrap recycling market includes a wide range of participants, including recycling companies, waste management companies, electronic device manufacturers, and other stakeholders. Recycling companies typically collect e-waste and process it to recover valuable materials such as gold, copper, and other metals, which can be reused in the production of new electronic devices. Waste management companies may also be involved in the collection and processing of e-waste, as well as the disposal of hazardous materials.
The e scrap recycling industry is expected to continue to grow in the coming years, driven by increasing awareness of the need to recycle e-waste and the potential economic benefits of doing so. However, the market is also facing challenges, such as a lack of integrated smelting and refining plants across emerging regions and the lack of proper infrastructure for e-waste collection and recycling in many regions, particularly in developing countries where informal recycling activities are often prevalent. This can make it difficult for recycling companies to effectively collect and process e-waste which can limit the growth of the market.
E-waste contains a wide range of valuable metals, including silver, gold, and gallium, which are used in various electronic components, such as circuit boards, connectors, and batteries. These metals are scarce and expensive to mine from the earth, but they can be recovered through e-scrap recycling. The presence of precious metals in e-waste presents new business opportunities for the e scrap recycling market. By recovering and recycling these metals, e-scrap recycling companies can generate revenue and reduce the need for new mining activities, which can have a significant environmental impact.
Country Analysis
Country-wise, the U.S. acquired a prime share in the e scrap recycling market in the North American region and is expected to grow at a significant CAGR during the forecast period. The U.S., holds a dominant position in the e scrap recycling market size, owing to the growing penetration of technology in consumer electronics, coupled with strong economic growth, which has contributed to the US's leading position in the market. The COVID-19 pandemic has further accelerated this trend, resulting in higher usage of advanced electronic devices in both residential and commercial applications due to an increase in GDP per capita in the U.S. region. Additionally, the adoption of telehealth services in the US has surged, leading to increased use of smartphones.
Germany dominates the e scrap recycling market share in Europe in terms of revenue, and it is expected to maintain this trend during the forecast period. This can be attributed to its well-established recycling infrastructure and strong regulatory framework. Germany has implemented laws and regulations such as the Waste Electrical and Electronic Equipment (WEEE) Directive, which holds producers accountable for the disposal of their products. As a result, Germany has a comprehensive system for collecting and recycling e-waste, which includes a network of collection points, recycling facilities, and specialized treatment plants equipped with advanced technologies to process and recycle electronic waste. Additionally, Germany has taken various initiatives to promote e-waste recycling, including awareness campaigns and financial incentives for businesses and households. Due to these factors, Germany is expected to become the fastest-growing country in Europe's e-scrap recycling market, with a significant CAGR.
In the Asia-Pacific region, China has been the dominant player in the e scrap recycling market. The country has a significant market share in terms of revenue, owing to its vast population and the rapid growth of the electronics industry. Additionally, China has a well-established e-waste recycling industry with a large number of collection points and recycling facilities. However, in recent years, China has implemented stricter regulations on e-waste imports, which has impacted the market to some extent. Despite this, China is expected to remain a major player in the e-scrap recycling market in the Asia-Pacific region due to its large market size and recycling infrastructure.
The e scrap recycling market growth in Latin America is still in its early stages of development but is expected to witness significant growth during the forecast period. The increasing adoption of electronic devices and appliances, along with the growing awareness of responsible e-waste disposal, are the major factors driving the market growth. Various initiatives and awareness campaigns by governments and organizations are promoting e-waste recycling and driving market growth in the region.
Top Impacting Factors
The global e-waste recycling industry is set to experience significant growth due to rising awareness of the negative impact of landfills on the environment. This growth is driven by the implementation of strict regulations to prevent environmental damage. Additionally, manufacturers of household appliances are introducing novel models to appeal to customers, further stimulating the e scrap recycling market. Despite these drivers, the high costs associated with the recycling process represent a major obstacle to market expansion. However, an increase in the purchase of large white goods presents a promising e scrap recycling market opportunity, as rising incomes enable people to upgrade their appliances more frequently, leading to increased sales of new appliances and, consequently, a rise in the amount of e-scrap generated.
Competitive Analysis
The global e scrap recycling market is highly competitive, owing to the strong presence of existing vendors. Vendors of the e scrap recycling market with extensive technical and financial resources are expected to gain a competitive advantage over their competitors because they can cater to market demands. The competitive environment in this market is expected to increase as agreements, acquisitions, investments, and expansion strategies adopted by key vendors increase. Competitive analysis and profiles of the major global e scrap recycling market players that have been provided in the report include Stena Metall AB, Electronic Recyclers International, JX Nippon Mining & Metals Corporation, DOWA ECO-SYSTEM Co., Ltd., Umicore N.V., Ecoreco Ltd., Quantum Lifecycle Partners, WM Intellectual Property Holdings, L.L.C., Desco Electronic Recyclers, Iron Mountain Incorporated.
Key Developments/ Strategies
According to the latest e scrap recycling market forecast, Quantum Lifecycle Partners, WM Intellectual Property Holdings, L.L.C., Iron Mountain Incorporated., JX Nippon Mining & Metals Corporation, and Umicore N.V. are the top 5 key players in the e scrap recycling market. Top market players have adopted various strategies, such as agreements, acquisitions, investments, and expansions to expand their foothold in the e scrap recycling market.
In February 2023, JX Nippon Mining & Metals Corporation and Sojitz Corporation made an agreement in which Sojitz acquire a 34 percent stake in eCycle Solutions Inc. a wholly owned subsidiary of JX Metals and Canada’s largest collector and processor of e-waste (discarded household appliances and electronic devices) in terms of market share.
In February 2022, Umicore introduced new generation Li-ion battery recycling technologies and announced signing of an agreement with Automotive Cells Company (ACC) on battery recycling services for the needs of ACC pilot plant in Nersac, France.
Key Benefits for Stakeholders
This study comprises analytical depiction of the e scrap recycling market size along with the current trends and future estimations to depict the imminent investment pockets.
The overall e scrap recycling market analysis is determined to understand the profitable trends to gain a stronger foothold.
The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The e scrap recycling market forecast is quantitatively analyzed from 2022 to 2031 to benchmark the financial competency.
The Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the e scrap recycling industry.
The report includes the share of key vendors and market trends.
E Scrap Recycling Market Report Highlights
| Aspects | Details |
 Market Size By 2032 | USD 96.7 billion |
 Growth Rate | CAGR of 14.2% |
 Forecast period | 2022 - 2032 |
 Report Pages | 309 |
 By Product Type |
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 By Processed Materials |
|
 By Region |
|
 Key Market Players | Iron Mountain Incorporated. , Electronic Recyclers International, Stena Metall AB, Umicore N.V., Desco Electronic Recyclers, Ecoreco Ltd., DOWA ECO-SYSTEM Co.,Ltd., WM Intellectual Property Holdings, L.L.C., JX Nippon Mining & Metals Corporation, Quantum Lifecycle Partners |
Analyst Review
The e-scrap recycling market is expected to grow in the coming years. This market is being driven by factors such as government regulations, technological advancements, and increased awareness of the need for environmental sustainability. Many countries have implemented legislation requiring manufacturers to take back and recycle their products, and to ensure that the materials used in their products are sustainable and environmentally friendly. This has created a strong incentive for companies in the electronics industry to partner with e-scrap recyclers to meet these requirements and promote sustainable practices. North America is expected to be the dominant market due to stringent government regulations and high consumer awareness, while the Asia Pacific region is expected to show significant growth due to increasing demand for electronic devices. Key players in the market are focused on expanding their product portfolio and increasing their market share through strategic initiatives. Overall, the e-scrap recycling market is expected to continue its growth trajectory in the coming years.
The E Scrap Recycling Market is expected to grow at a CAGR of 14.17% from 2023 to 2032.
The large white goods segment is the leading product type of E Scrap Recycling Market.
Asia-Pacific is the largest regional market for E Scrap Recycling
The industry size of E Scrap Recycling is estimated to be $25.91 billion in 2022.
Quantum Lifecycle Partners, WM Intellectual Property Holdings, L.L.C., Iron Mountain Incorporated., JX Nippon Mining & Metals Corporation, and Umicore N.V. are the top companies to hold the market share in E Scrap Recycling.
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