E-Waste Recycling Market To Reach USD 25090 Million By The End of 2027 With A CAGR of 7.9% - Valuates Reports
BANGALORE, India, Oct. 13, 2021 /PRNewswire/ -- E-Waste Recycling Market By Type - Infocomm Technology (ICT) Equipment, Home Appliances, Other Types, By Application - Refrigerator, TV Set, Air Conditioner, Washing Machine. Global Opportunity Analysis and Industry Forecast, 2021 - 2027. It is published in Valuates Reports under the Energy & Utilities Category.
In 2020, the global E-waste Recycling market size was USD 14000 million and it is expected to reach USD 25090 million by the end of 2027, with a CAGR of 7.9% during 2021-2027.
Major factors driving the growth of the e-waste recycling market are:
Growing e-commerce sales of electronics is expected to drive the growth of the e-waste recycling market. With the majority of countries exporting their e-waste, e-waste importers have started to capitalize on the lucrative market. E-waste contains a variety of valuable metals, including gold, silver, and copper, which can be recovered and processed further.
TRENDS INFLUENCING THE GROWTH OF THE E-WASTE RECYCLING MARKET
Governments all across the world are enforcing strict regulatory laws on the disposal of e-waste that are imposed on manufacturers. Human health is frequently jeopardized as a result of the growth of e-waste. In facilities that operate irregularly disposed e-waste, a rise in conditions relating to lung illnesses and the physical toll has been noticed. E-waste can come from a variety of products, including televisions, air conditioners, refrigerators, computers, laptops, and gaming gadgets, to mention a few. Many states are seeing the value of not allowing these used things to end up in landfills, hence increasing waste streams. Instead, they're looking for ways to recycle. This in turn is expected to drive the growth of the e-waste recycling market.
Silver, gold, palladium, platinum, indium, and gallium are among the special and precious metals found in e-waste. These rare elements are frequently employed in consumer electronics, as well as in IT and communication systems. Because these metals are scarce, the prices of their goods are similarly high. This has boosted the demand for metals-based gadgets to be reused, refurbished, and recycled. As a result, these concerns compel electronic device producers to hunt for raw materials in recycled e-waste. This also helps countries cut greenhouse gas emissions, which helps to mitigate the dangers of global warming.
Consumers are buying more electronic devices than ever before, according to new data, from the Consumer Technology Association reports that the average American family owns up to 24 electronic products. Each year, as electronics become more sophisticated, previous models become obsolete. Thus the growing number of electronics devices is expected to drive the growth of the e-waste recycling market.
Despite the numerous benefits of electronics recycling, the market's growth is expected to be hampered by a lack of recycling infrastructure. In addition, a lack of awareness in less developed countries, as well as a scarcity of e-waste collection centers, could represent a danger to this sector.
E-WASTE RECYCLING MARKET SHARE ANALYSIS
Based on region, Europe is the largest market, with a share of about 30%, followed by China and North America, having a total share of about 35 percent.
Based on product, Home Appliances is the largest segment, with a share of about 55%.
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TOP COMPANIES IN THE E-WASTE RECYCLING MARKET:
Global E-waste Recycling key players include Sims Recycling Solutions, Electronic Recyclers International, Kuusakoski, Umicore, Waste Management, etc. Global top five players hold a share of about 15%.
E-Waste Recycling Market By Type
E-Waste Recycling Market By Application
E-Waste Recycling Market By Region
E-Waste Recycling Market By Company
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SIMILAR REPORTS :
- The global E-waste Recycling and Reuse Services market size is projected to reach USD 32510 million by 2027, from USD 19020 million in 2020, at a CAGR of 7.5% during 2021-2027.
- Global Electronic Waste (E-Waste) Recycling and Disposal Market Research Report contains Market Size, Market Share, Market Dynamics, Porter's 5 force Analysis, Segmentation, Regional and Competitor Analysis. Product: Electronic Waste (E-Waste) Recycling and Disposal, Product-Type: ICT Equipment, Home Appliances, Application: Material Recycling, Components Recycling.
- In 2020, the global E-waste Disposal market size was USD 10480 million and it is expected to reach USD 21070 million by the end of 2027, with a CAGR of 10.5% during 2021-2027.
- Global E-waste Management Services Market Research Report contains Market Size, Market Share, Market Dynamics, Porter's 5 force Analysis, Segmentation, Regional and Competitor Analysis. Product-Type: Collection, Refurbishment and Reuse, Asset Management and Logistics, Triage and De-Manufacturing, Material Processing and Recovery, Others, Application: Infocomm Technology (ICT) Equipment, Home Appliances, Others.
- The global Electronic Waste Management market size is projected to reach USD 50500 million by 2027, from USD 31810 million in 2020, at a CAGR of 6.7% during 2021-2027.
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