The global e-scrap recycling market was valued at $25.91 billion in 2022, and is projected to reach $96.71 billion by 2032, registering a CAGR of 14.17% from 2023 to 2032.
E-waste recycling is the process of recycling used electrical and electronic equipment such as laptops, televisions, computers, air conditioners, mobile phones, DVDs, ovens, etc. The purpose of e-waste recycling is to reduce the environmental impact and safely recycle the raw material. materials such as glass, plastic, metal and mercury, and recycle these mined materials and equipment.
Efficient management of electronic waste is crucial, especially in cities, which are expected to produce the majority of e-waste in the coming years. To address this issue, it is important to Increase collection and recycling rates and reduce the amount of e-waste that ends up in landfills. The development of smart cities and the use of information and communication technology for waste management offer new and interesting prospects for effective e-waste management.
Increasing urbanization, industrialization, and high discretionary Income have contributed to the rise in the usage of electrical and electronic equipment, resulting in a significant Increase in e-scrap. Unfortunately, over 60% of the total e-waste generated is not recycled and is either illegally exported or dumped in landfills. This presents an opportunity for the e-scrap recycling market to Increase its market share and improve its operations.
The e-scrap recycling market is segmented on the basis of product type, processed materials, and region. By product type, the market is categorized into IT and telecommunication equipment, large white goods, small household appliances, and others. By processed materials, the market is divided into plastic, metal, glass, and others. By region, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific) and LAMEA (Latin America, the Middle East, and Africa).
The key players profiled in the e-scrap recycling industry 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.
E-waste recycling is the process of recycling used electrical and electronic equipment such as laptops, televisions, computers, air conditioners, mobile phones, DVDs, ovens, etc. The purpose of e-waste recycling is to reduce the environmental impact and safely recycle the raw material. materials such as glass, plastic, metal and mercury, and recycle these mined materials and equipment.
Efficient management of electronic waste is crucial, especially in cities, which are expected to produce the majority of e-waste in the coming years. To address this issue, it is important to Increase collection and recycling rates and reduce the amount of e-waste that ends up in landfills. The development of smart cities and the use of information and communication technology for waste management offer new and interesting prospects for effective e-waste management.
Increasing urbanization, industrialization, and high discretionary Income have contributed to the rise in the usage of electrical and electronic equipment, resulting in a significant Increase in e-scrap. Unfortunately, over 60% of the total e-waste generated is not recycled and is either illegally exported or dumped in landfills. This presents an opportunity for the e-scrap recycling market to Increase its market share and improve its operations.
The e-scrap recycling market is segmented on the basis of product type, processed materials, and region. By product type, the market is categorized into IT and telecommunication equipment, large white goods, small household appliances, and others. By processed materials, the market is divided into plastic, metal, glass, and others. By region, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific) and LAMEA (Latin America, the Middle East, and Africa).
The key players profiled in the e-scrap recycling industry 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 Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the e scrap recycling market analysis from 2022 to 2032 to identify the prevailing e scrap recycling market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the e scrap recycling market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report Includes the analysis of the regional as well as global e scrap recycling market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product Type
- IT and Telecommunications Equipment
- Large White Goods
- Small Household Appliances
- Others
By Processed Materials
- Plastic
- Metal
- Glass
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Desco Electronic Recyclers
- DOWA ECO-SYSTEM Co.,Ltd.
- EcoreCo. Ltd.
- Electronic Recyclers International
- Iron Mountain Incorporated.
- JX Nippon Mining & Metals Corporation
- Quantum Lifecycle Partners
- Stena Metall AB
- Umicore N.V.
- WM Intellectual Property Holdings, L.L.C.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: E SCRAP RECYCLING MARKET, BY PRODUCT TYPE
CHAPTER 5: E SCRAP RECYCLING MARKET, BY PROCESSED MATERIALS
CHAPTER 6: E SCRAP RECYCLING MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to a new report, titled, 'E Scrap Recycling Market,' The e scrap recycling market was valued at $25.91 billion in 2022, and is estimated to reach $96.7 billion by 2032, growing at a CAGR of 14.2% from 2023 to 2032.Electronic scrap, or e scrap, is generated from broken, obsolete, or surplus electronic devices. These electronics often contain hazardous materials and toxic chemicals, and improper disposal of them can lead to the release of these substances into the environment. E scrap recycling is a process that seeks to recover materials from electronic waste and reuse them in new electronic products. This is crucial because electronics have a short useful life and become electronic waste at a rapid pace.
E scrap can come in the form of home appliances such as air conditioners, televisions, electric cookers, heaters, DVDs, fans, microwaves, and radios. It can also come in the form of information tech equipment such as computers, laptops, mobile phones, batteries, hard disks, circuit boards, and monitors. Recycling e scrap is a growing trend that aims to protect human and environmental health, mainly due to the widespread environmental pollution impacts of e scrap.
E scrap recycling is the process of reusing and reprocessing any type of electrical or electronic equipment that has been discarded or deemed obsolete. This trend was initiated to protect human and environmental health mainly due to the widespread environmental pollution impacts of e scrap. Shockingly, only 12.5% of e scrap is recycled, and most electronics end up wasting away in landfills after reaching the end of their lifespan. Therefore, e scrap recycling remains a crucial issue that requires more attention and action to reduce the environmental and health risks associated with electronic waste.
The market for electronic scrap recycling is rapidly growing due to the rising demand for energy conservation and reducing the burden on mining ores for primary metals. This is because recycling e scrap is crucial in recovering various metals and saving energy. Additionally, e scrap contains precious metals that can be extracted, making it an essential resource for reducing the reliance on primary ores. Growing initiatives by electronic products manufacturer for e scrap recycling is one of the emerging trends in the industry and this ongoing trend is projected to escalate the market growth.
However, the market growth of electronic scrap recycling may face limitations due to the absence of integrated smelting and refining facilities in emerging regions, as well as the need for advanced technology and high maintenance requirements.
Nevertheless, the market for electronic scrap recycling is witnessing a new trend, as there is a rise in the trans-boundary movement of e scrap. This is happening due to the growing realization of the worth of precious metals, which has led to the implementation of advanced tracking systems like phone trackers, international traces, and Basel Action Network (BAN) deployed traces. This development is expected to promote market growth in the future, as the use of these high-end tracking systems will provide better traceability and transparency in the recycling process.
The e scrap recycling market is segmented based on product type, processed materials, and region. By product type, the market is categorized into IT and telecommunication equipment, large white goods, small household appliances, and others. By processed materials, the market is divided into plastic, metal, glass, and others. By region, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific) and LAMEA (Latin America, the Middle East, and Africa).
The key players profiled in the e scrap recycling industry 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. The players in the market have been actively engaged in the adoption of various strategies such as p agreements, acquisitions, investments, and expansions to remain competitive and gain an advantage over the competitors in the market.
Key Market Insights
The large white goods segment of the market emerged as the leading revenue contributor by type, generating $10.07 billion in 2022. It is projected to grow further and reach $40.25 billion by 2032, with a compound annual growth rate of 14.95%.- By processed materials, the metal segment was the highest revenue contributor to the market, with $12.87 billion in 2022, and is estimated to reach $48.49 billion by 2032, with a CAGR of 14.28%.
- Region-wise, Asia-Pacific was the highest revenue contributor, accounting for $10.48 billion in 2022, and is estimated to reach $40.1 billion by 2032, with a CAGR of 14.45%.
Companies Mentioned
- Desco Electronic Recyclers
- DOWA ECO-SYSTEM Co.,Ltd.
- Ecoreco Ltd.
- Electronic Recyclers International
- Iron Mountain Incorporated.
- JX Nippon Mining & Metals Corporation
- Quantum Lifecycle Partners
- Stena Metall AB
- Umicore N.V.
- WM Intellectual Property Holdings, L.L.C.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 309 |
| Published | May 2023 |
| Forecast Period | 2022 - 2032 |
| Estimated Market Value ( USD | $ 25.91 billion |
| Forecasted Market Value ( USD | $ 96.71 billion |
| Compound Annual Growth Rate | 14.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
