Electronics Recycling Market is Estimated to be USD 120 Billion by 2033 with a CAGR of 13.1% | Fact.MR

The electronics recycling market is expected to grow significantly, with a projected annual growth rate (CAGR) of 13.1%. By 2033, its value is expected to reach $120 billion, a significant increase from $35 billion in 2023.

In an era dominated by technological advances, the rapid growth of electronic consumption has led to a parallel increase in the amount of electronic waste, commonly known as e- rubbish as concerns about environmental sustainability increase, e-recycling has grown significantly, providing innovative solutions for effective e-waste management.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.factmr.com/connectus/sample?flag=S&rep_id=8316

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:
Aurubis AG
Enviro-Hub Holdings Ltd
Boliden Group
Clean Earth, Inc
Dlubak Glass Company
Cerebra Integrated Technologies Ltd
Exitcom Recycling GmbH

𝐓𝐡𝐞 𝐠𝐫𝐨𝐰𝐢𝐧𝐠 𝐜𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞 𝐨𝐟 𝐞-𝐰𝐚𝐬𝐭𝐞

The proliferation of smartphones, laptops and other electronic devices has undoubtedly made our lives more unified and convenient. However, this convenience comes at a price - an alarming accumulation of e-waste. E-waste poses a serious threat to the environment and human health due to the toxic materials it often contains, such as lead, mercury and cadmium.

𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐞𝐧𝐯𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭𝐚𝐥 𝐜𝐨𝐧𝐜𝐞𝐫𝐧𝐬 𝐚𝐫𝐞 𝐥𝐞𝐚𝐝𝐢𝐧𝐠 𝐭𝐨 𝐚 𝐫𝐞𝐜𝐲𝐜𝐥𝐢𝐧𝐠 𝐛𝐨𝐨𝐦

In response to the environmental impact of e-waste, there has been a significant A shift to sustainable practices and electronic recycling have become central to global efforts to address this growing problem. Governments, businesses and consumers alike are aware of the need for responsible electronics disposal and recycling.

𝐓𝐞𝐜𝐡 𝐠𝐢𝐚𝐧𝐭𝐬 𝐥𝐞𝐚𝐝𝐢𝐧𝐠 𝐭𝐡𝐞 𝐜𝐡𝐚𝐫𝐠𝐞

Major technology companies have taken center stage in favor of electronics recycling initiatives. Industry leaders are increasingly adopting circular economy models that emphasize the responsible use of their products from production to disposal. This approach not only promotes a more sustainable future, but also improves the corporate social responsibility profiles of these technology giants.

𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐯𝐞 𝐭𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐞𝐬 𝐜𝐡𝐚𝐧𝐠𝐢𝐧𝐠 𝐞-𝐰𝐚𝐬𝐭𝐞 𝐦𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭

Developments in recycling technologies have played a key role in the growth of electronic recycling. Processes such as automated disassembly and material recovery have become more efficient, allowing valuable components to be separated and recycled using discarded electronics. This not only reduces the environmental impact of electronic waste but also conserves valuable resources.

𝐈𝐦𝐩𝐫𝐨𝐯𝐞𝐝 𝐜𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐞𝐧𝐯𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭 𝐢𝐧 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐞𝐥𝐞𝐜𝐭𝐫𝐨𝐧𝐢𝐜 𝐫𝐞𝐜𝐲𝐜𝐥𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭

The competitive environment in the global electronic recycling market is characterized by a moderate concentration of both regional and international players. Key stakeholders in this sector are strategically focusing on innovative development to strengthen their market position. In addition, the arrival of many startups offering innovative solutions will increase competition in the near future.

Canadian startup EnviroLeach Technologies initiated the creation of EnviroLeach. It is a sustainable recycling method adapted to final printed circuit boards (PCBs). Using hydrometallurgical extraction, EnviroLeach ensures the efficient recovery of important metals such as lead, copper and aluminum from PCBs while minimizing CO2 emissions.

Belgian startup Recy-Call specializes in providing electronic recycling solutions to African countries. By reusing and recycling obsolete electronics, especially smartphones, Recy-Call not only creates value, but also contributes to a positive long-term environmental and social impact. The startup's mining practices also promote the creation of environmentally friendly and safe job opportunities for waste collectors in economically disadvantaged areas.

British startup RECONO.ME focuses on the comprehensive collection, refurbishment and recycling of used electronics and IT equipment. Using a sanitization program during the collection process, RECONO.ME ensures complete removal of data from devices. Refurbished products are then sold to consumers at a reduced price, which actively contributes to the reduction of e-waste in circulation.

In a strategic alliance, ERI, a leading electronics recycling company and cyber security intensive destruction equipment company, has joined forces with Redrock Environment. Group in July 2022 to partner with Madera County. The goal of this partnership is to provide Madera County residents with a convenient and environmentally friendly method of disposing of unwanted consumer electronics. This collaboration reinforces a commitment to sustainable electronic practices and community well-being.

𝐊𝐞𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐨𝐟 𝐄𝐥𝐞𝐜𝐭𝐫𝐨𝐧𝐢𝐜𝐬 𝐑𝐞𝐜𝐲𝐜𝐥𝐢𝐧𝐠 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

By Material :
Metals
Plastics
Other Materials

By Equipment Type :
Consumer Electronics
IT & Telecom
Other Equipment Types

By Region :
North America
Latin America
Europe
Asia Pacific & China
Middle East & Africa

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞: https://www.factmr.com/report/electronics-recycling-market

The surge in electronic recycling is a positive sign of a collective commitment to addressing the challenges posed by e-waste. As governments, businesses, and consumers continue to prioritize sustainability, the electronic recycling market is poised for further growth. By embracing innovative technologies, adhering to stringent regulations, and fostering consumer awareness, the electronic recycling industry is not just managing e-waste-it is paving the way for a more sustainable and responsible electronic future.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

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This release was published on openPR.