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    Electronic Waste Recycling Market

    ID: MRFR/SEM/1913-CR
    199 Pages
    Ankit Gupta
    March 2022

    Electronic Waste Recycling Market Research Report Information By Material (Metals And Chemicals, Plastics, Glass, And Others), By Source (Household Appliances, Entertainment & Consumer Electronics, It & Telecommunication, Medical Equipment, And Others), and By Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) -Industry Forecast till 2035

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    Electronic Waste Recycling Market Infographic
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    Electronic Waste Recycling Market Summary

    As per MRFR analysis, the Electronic Waste Recycling Market was estimated at 34.5 USD Billion in 2024. The electronic waste recycling industry is projected to grow from 39.12 USD Billion in 2025 to 137.61 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 13.4 during the forecast period 2025 - 2035.

    Key Market Trends & Highlights

    The Electronic Waste Recycling Market is poised for substantial growth driven by regulatory pressures and technological advancements.

    • North America remains the largest market for electronic waste recycling, reflecting robust regulatory frameworks and consumer demand.
    • Asia-Pacific is emerging as the fastest-growing region, propelled by increasing electronic consumption and awareness of recycling practices.
    • The Metals and Chemicals segment dominates the market, while the Plastics segment is experiencing rapid growth due to rising environmental concerns.
    • Key market drivers include regulatory compliance pressure and technological advancements in recycling processes, which are essential for meeting sustainability goals.

    Market Size & Forecast

    2024 Market Size 34.5 (USD Billion)
    2035 Market Size 137.61 (USD Billion)
    CAGR (2025 - 2035) 13.4%

    Major Players

    Sims Limited (AU), Umicore (BE), Electronic Recyclers International (US), Veolia (FR), Stena Recycling (SE), Enviro-Hub Holdings (SG), E-Waste Systems (US), GEEP (CA), AER Worldwide (US)

    Electronic Waste Recycling Market Trends

    The Electronic Waste Recycling Market is currently experiencing a notable transformation driven by increasing environmental awareness and regulatory pressures. As consumers and businesses alike become more conscious of the ecological impact of discarded electronics, the demand for effective recycling solutions appears to be on the rise. Governments worldwide are implementing stricter regulations regarding e-waste disposal, which compels manufacturers to adopt sustainable practices. This shift not only addresses environmental concerns but also promotes the recovery of valuable materials from electronic devices, thereby contributing to a circular economy. Moreover, advancements in recycling technologies are enhancing the efficiency and effectiveness of e-waste processing. Innovative methods for extracting precious metals and other materials from discarded electronics are emerging, which could potentially reduce the reliance on virgin resources. As the Electronic Waste Recycling Market evolves, collaboration among stakeholders, including manufacturers, recyclers, and policymakers, seems essential to create a cohesive framework that supports sustainable practices. The future landscape of this market may be characterized by increased investment in research and development, leading to more efficient recycling processes and greater public engagement in e-waste management.

    Regulatory Developments

    The Electronic Waste Recycling Market is witnessing a surge in regulatory initiatives aimed at promoting responsible disposal practices. Governments are enacting laws that mandate proper recycling of electronic devices, which encourages manufacturers to take responsibility for their products throughout their lifecycle. This trend is likely to foster a more structured approach to e-waste management.

    Technological Innovations

    Technological advancements are playing a crucial role in shaping the Electronic Waste Recycling Market. New methods for material recovery and recycling processes are emerging, which may enhance the efficiency of e-waste processing. These innovations could lead to higher recovery rates of valuable materials, thereby making recycling more economically viable.

    Consumer Awareness

    There is a growing awareness among consumers regarding the importance of recycling electronic waste. Educational campaigns and initiatives are helping to inform the public about the environmental impacts of e-waste. This heightened awareness may drive increased participation in recycling programs, ultimately benefiting the Electronic Waste Recycling Market.

    Electronic Waste Recycling Market Drivers

    Rising Consumer Awareness

    Consumer awareness regarding the environmental impact of electronic waste is on the rise, significantly influencing the Electronic Waste Recycling Market. As individuals become more informed about the harmful effects of improper disposal, they are increasingly seeking responsible recycling options. Surveys indicate that a substantial percentage of consumers prefer brands that demonstrate commitment to sustainability. This shift in consumer behavior is prompting manufacturers to incorporate recycling programs into their business models. Consequently, the demand for electronic waste recycling services is expected to surge, as consumers actively participate in recycling initiatives, thereby bolstering the Electronic Waste Recycling Market.

    Regulatory Compliance Pressure

    The Electronic Waste Recycling Market is experiencing heightened pressure from regulatory compliance. Governments are increasingly implementing stringent regulations aimed at managing electronic waste effectively. For instance, the European Union's Waste Electrical and Electronic Equipment Directive mandates that producers are responsible for the disposal of their products. This regulatory framework compels manufacturers to adopt sustainable practices, thereby driving the demand for recycling services. As a result, companies that fail to comply may face substantial fines, which further incentivizes participation in the Electronic Waste Recycling Market. The market is projected to grow as more countries adopt similar regulations, creating a robust environment for recycling initiatives.

    Growth of the Electronics Market

    The rapid growth of the electronics market is a key driver for the Electronic Waste Recycling Market. With the proliferation of smartphones, laptops, and other electronic devices, the volume of e-waste generated is escalating at an alarming rate. According to estimates, the global e-waste generation is projected to reach 74 million metric tons by 2030. This surge in electronic consumption necessitates effective recycling solutions to manage the increasing waste. As manufacturers and consumers alike recognize the importance of recycling, the Electronic Waste Recycling Market is poised for substantial growth, driven by the need to address the mounting e-waste challenge.

    Corporate Sustainability Initiatives

    Corporate sustainability initiatives are increasingly influencing the Electronic Waste Recycling Market. Many companies are adopting comprehensive sustainability strategies that include responsible e-waste management. This trend is driven by both regulatory requirements and consumer expectations for environmentally friendly practices. Corporations are now investing in recycling programs and partnerships with certified e-waste recyclers to ensure compliance and enhance their brand image. As a result, the demand for electronic waste recycling services is likely to increase, as businesses seek to mitigate their environmental footprint. This shift towards sustainability is expected to propel the Electronic Waste Recycling Market forward, creating new opportunities for growth.

    Technological Advancements in Recycling

    Technological advancements are playing a pivotal role in shaping the Electronic Waste Recycling Market. Innovations in recycling technologies, such as automated sorting systems and advanced shredding techniques, enhance the efficiency of e-waste processing. These technologies not only improve recovery rates of valuable materials but also reduce the environmental impact associated with traditional recycling methods. For example, the introduction of hydrometallurgical processes allows for the extraction of precious metals with minimal waste. As these technologies become more accessible, they are likely to attract investments, thereby expanding the Electronic Waste Recycling Market and increasing overall recycling capacity.

    Market Segment Insights

    Electronic Waste Recycling Material Insights

    Based on the material, the market has been segmented into metals and chemicals, plastics, glass, and others. The metals and chemical material segment hold the largest market share and is expected to retain its dominance throughout the projected period. This can be attributed to the presence of various metals in electronic devices. Metals are a good conductor of electricity and are used in electronic devices to maintain their functionality. Various types of metals and chemicals are used in electronic devices such as copper, silver, gold, steel, palladium, zinc, lead, and mercury due to their high conductivity, durability, and other properties.

    Copper and steel are the largest materials that can be recovered from electronic waste and have a good value in the market. The major stakeholders benefit from the high recovery rate of metals from electronic wastes compared to other materials. Recycled metals are also profitable as it reduces the cost of buying new raw material and reduce the harmful effect caused by them. Furthermore, chemicals present in the electronic wastes can also be recycled and extracted materials can be reused for various purposes. Some of the major chemicals/semimetals extracted from the electronic wastes are bromic and arsenic.

    FIGURE 2: ELECTRONIC WASTE RECYCLING MARKET SHARE BY MATERIAL 2022 VS 2032 (USD BILLION)

    Electronic Waste Recycling Source Insights

    Based on the sources, the market has been segmented into household appliances, entertainment & consumer electronics, IT & telecommunication, medical equipment, and others. Household appliances have always been the major source of electronic wastes recycling for the past few years. This can be attributed to the significant sales of household devices across the globe. The increased disposable income coupled with the surge in affordability has driven its sales worldwide. Moreover, a considerable decline in the prices of household appliances also has boosted its sales and end-use penetration among the consumers.

    Online shopping acts as the catalyst for household appliances sales across every corner of the world. With increased sales, its e-waste is also growing at an exponential rate from the past few years. Household appliances such as washing machines, refrigerators, air conditioners, dishwashers, fans, coolers, microwave ovens, small kitchen appliances (mixers, grinders, cutters, coffee makers, toasters, blender, food processor, electric grill, induction, among several others) are the wastes generating in millions of tons each year. Every year millions of new household devices are sold, and older ones are generated as wastes.

    The recovered material volume from the household appliances is significantly high and is expected to grow at a phenomenal growth during the projected period.

    Get more detailed insights about Electronic Waste Recycling Market

    Regional Insights

    North America : Leading Innovation and Regulation

    North America is the largest market for electronic waste recycling, holding approximately 40% of the global market share. The region's growth is driven by stringent regulations, increasing consumer awareness, and a robust infrastructure for e-waste collection and processing. The demand for sustainable recycling solutions is further fueled by government initiatives aimed at reducing landfill waste and promoting circular economy practices. The United States and Canada are the leading countries in this region, with key players like Electronic Recyclers International and Sims Limited driving innovation. The competitive landscape is characterized by a mix of established firms and emerging startups, all focused on enhancing recycling technologies and expanding service offerings. The presence of advanced recycling facilities and a strong regulatory framework supports the region's leadership in e-waste management.

    Europe : Sustainability and Compliance Focus

    Europe is the second-largest market for electronic waste recycling, accounting for approximately 30% of the global market share. The region's growth is propelled by stringent EU regulations, such as the Waste Electrical and Electronic Equipment Directive (WEEE), which mandates proper disposal and recycling of e-waste. Increasing public awareness and initiatives for sustainable practices further drive demand for recycling services across member states. Germany, France, and the UK are the leading countries in this market, with a competitive landscape featuring major players like Veolia and Umicore. The presence of advanced recycling technologies and a strong emphasis on compliance with environmental regulations enhance the region's market position. Collaborative efforts among governments, NGOs, and private sectors are also pivotal in promoting effective e-waste recycling solutions.

    Asia-Pacific : Emerging Market Potential

    Asia-Pacific is witnessing rapid growth in the electronic waste recycling market, holding approximately 20% of the global market share. The region's expansion is driven by increasing urbanization, rising disposable incomes, and a growing awareness of environmental issues. Countries like China and India are implementing stricter regulations to manage e-waste, which is catalyzing the demand for recycling services and technologies. China and India are the leading countries in this region, with a competitive landscape that includes both local and international players. Companies like Enviro-Hub Holdings and E-Waste Systems are at the forefront, focusing on innovative recycling methods and sustainable practices. The region's market is characterized by a mix of challenges and opportunities, as governments work to improve infrastructure and regulatory frameworks for effective e-waste management.

    Middle East and Africa : Resource-Rich Yet Underdeveloped

    The Middle East and Africa region is gradually emerging in the electronic waste recycling market, holding about 10% of the global market share. The growth is primarily driven by increasing electronic consumption and a rising awareness of environmental sustainability. However, the market faces challenges such as inadequate infrastructure and regulatory frameworks, which hinder effective e-waste management and recycling practices. Leading countries in this region include South Africa and the UAE, where initiatives are being launched to improve recycling rates. The competitive landscape is still developing, with local players and international firms exploring opportunities. Companies like GEEP and AER Worldwide are beginning to establish a presence, focusing on building capacity and enhancing recycling technologies to meet growing demand.

    Key Players and Competitive Insights

    The market for electronic waste recycling has been witnessing significant growth over the forecast period owing to the growing adoption of electronic waste recycling in various sectors. The e-waste recycling industry is rapidly expanding as the demand for improved technologies and critical equipment grows. The tremendous expansion and popularity of home electronics, ranging from laptops to smartphones to flat-screen televisions, has transformed this area into a multibillion-dollar worldwide market with a quick turnaround. The advent of a flourishing e-waste recycling business has emerged as a potential answer.

    It was created in response to the rising popularity of consumer electronics as well as the growing disfavor of these items in landfills.

    The electronic waste recycling market is characterized by several companies operating globally. The growth of these vendors depends upon the market conditions, the impact of macroeconomic factors on the market competition, government support, and industry development. The industry is expected to remain competitive with frequent acquisitions and strategic alliances adopted by the key players as a part of their business strategy to increase the industry presence. During the study, MRFR has analyzed some of the major players in the Electronic Waste Recycling Market who have contributed to the market growth.

    These include Umicore SA (Belgium), Quantum Lifecycle Partners (Geep Inc.) (Canada), Enviro-Hub Holdings Ltd (Singapore), Stena Technoworld AB (Sweden), Tetronics International Limited (UK), Electronics Recyclers International Inc. (US), Sims Limited (US), Aurubis AG (Germany), Boliden AB (Sweden), Attero Recycling Pvt. Ltd (India), Great Lakes Electronics Corporation (US), E-Parisaraa Private Limited (India), Greentec (Canada), Cleanaway (Australia), and Veolia Environment SA (France).

    Key Companies in the Electronic Waste Recycling Market market include

    Industry Developments

    March 2023: State-owned Bharat Petroleum Corporation Limited (BPCL) announced over the weekend it launched Sound Management of Waste Disposal (SMW), an initiative designed as part of a sustainable development program aimed at reducing e-waste through proper handling, such as recycling. “The company has issued a directive on e-waste management across the organization for effective management, including timely disposal in line with the statutory requirement,” said BPCL spokespeople.

    In addition, they are committed to circularity resources by diverting non-hazardous scrap materials like E-waste, which should be sent only via registered recyclers where then those items can either be recycled again or refurbished accordingly depending upon their condition so far during FY2021-22 we have disposed of around 2.57 tonnes.

    September 2022: Samsung Electronics today unveiled its new environmental strategy, a comprehensive plan to align with global efforts in addressing climate change. Among the goals are to achieve net zero carbon emissions across its entire business operation, to use more renewable energy, and to invest in researching technologies that will enable the development of energy-saving products while increasing water recycling capacity and carbon capture capabilities.

    Central to these commitments is also an aim at achieving net zero carbon emissions (Scope 1 & Scope 2) from all Device eXperience (DX) Division sites by 2030 before making this applicable worldwide within the company, including those under Device Solutions (DS) Division, come the year 2050.

    As part of its commitment to sustainability within its operations, Getnet Brazil, a subsidiary of PagoNxt specializing in payment technology and solutions, just launched a card machine made from recycled parts that were sourced out of waste electrical equipment commonly referred to as e-scrap, thereby becoming first ever company globally who managed to achieve this milestone achievement together with others namely Newland; Paytec; Brasil Reverso etcetera henceforth every single one any model POS delivered by Newland shall have been built incorporating reused components but not limited thereto.

    October 2021 Umicore has joined the Global Alliance for Trade Facilitation in Geneva, including some of the world's biggest manufacturers, merchants, and logistics companies. Umicore joins Alliance in supporting the World Trade Organization's Trade Facilitation Agreement, which aims to make cross-border trade easier, faster, and less expensive.

    October 2021  Umicore has inked a long-term lithium supply agreement with Ganfeng Lithium Co. Ltd, China and Vulcan Energy Resources, Australia, bolstering its lithium supply capabilities as demand for electric vehicle batteries grows. These long-term agreements will provide Umicore with a more sustainable and regional supply of this critical raw material to address the growing demand for cathode materials from its global automotive customers as the transition to electromobility accelerates in key regions. The long-term agreement is signed for five years, with the option of an extension if both parties agreed.

    The arrangement with Vulcan, a German-Australian lithium producer, will go into force in 2025. It will cover a portion of Umicore's lithium hydroxide requirements in Europe, allowing the company to purchase between 28,000 and 42,000 tonnes over the contract's duration.

    July 2021  Umicore and ENGIE, France, have inked a long-term corporate power purchase agreement (PPA) to deliver renewable electricity to Umicore's greenfield project in Nysa, Poland. It will be Europe's first plant to create cathode materials and essential components of rechargeable Li-ion batteries used in electric vehicles. ENGIE will generate green electricity at its 100 percent-owned wind farm near Pgów, Poland's Opole district. The PPA will allow ENGIE to ensure the wind park's economic viability after the existing subsidy arrangement expires.

    At the same time, the PPA will help Umicore achieve its goal of carbon neutrality by 2035 by ensuring a long-term renewable energy supply for the Nysa plant.

    Future Outlook

    Electronic Waste Recycling Market Future Outlook

    The Electronic Waste Recycling Market is projected to grow at a 13.4% CAGR from 2024 to 2035, driven by increasing regulatory pressures, technological advancements, and rising consumer awareness.

    New opportunities lie in:

    • Development of automated sorting technologies for efficient recycling processes.
    • Expansion of reverse logistics networks to streamline collection and processing.
    • Partnerships with tech companies for sustainable product design initiatives.

    By 2035, the market is expected to be robust, driven by innovation and strategic partnerships.

    Market Segmentation

    Electronic Waste Recycling Source Outlook

    • Household Appliances
    • Entertainment & Consumer Electronics
    • IT & Telecommunication
    • Medical Equipment
    • Others

    Electronic Waste Recycling Material Outlook

    • Metals and Chemical
    • Plastics
    • Glass
    • Others

    Electronic Waste Recycling Regional Outlook

    • {"North America"=>["US"
    • "Canada"
    • "Mexico"]}
    • {"Europe"=>["Germany"
    • "France"
    • "UK"
    • "Rest of Europe"]}
    • {"Asia-Pacific"=>["China"
    • "Japan"
    • "India"
    • "Rest of Asia-Pacific"]}

    Report Scope

    MARKET SIZE 202434.5(USD Billion)
    MARKET SIZE 202539.12(USD Billion)
    MARKET SIZE 2035137.61(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR)13.4% (2024 - 2035)
    REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR2024
    Market Forecast Period2025 - 2035
    Historical Data2019 - 2024
    Market Forecast UnitsUSD Billion
    Key Companies ProfiledMarket analysis in progress
    Segments CoveredMarket segmentation analysis in progress
    Key Market OpportunitiesIntegration of advanced recycling technologies enhances efficiency in the Electronic Waste Recycling Market.
    Key Market DynamicsRising regulatory pressures and technological advancements drive innovation and competition in the electronic waste recycling sector.
    Countries CoveredNorth America, Europe, APAC, South America, MEA

    Market Highlights

    Author
    Ankit Gupta
    Senior Research Analyst

    Ankit Gupta is an analyst in market research industry in ICT and SEMI industry. With post-graduation in "Telecom and Marketing Management" and graduation in "Electronics and Telecommunication" vertical he is well versed with recent development in ICT industry as a whole. Having worked on more than 150+ reports including consultation for fortune 500 companies such as Microsoft and Rio Tinto in identifying solutions with respect to business problems his opinions are inclined towards mixture of technical and managerial aspects.

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    FAQs

    How much is the Electronic Waste Recycling market?

    The Electronic Waste Recycling market size was valued at USD 34.50 billion in 2024.

    What is the market size for 2035, for the Electronic Waste Recycling Market?

    The global Electronic Waste Recycling Market is projected to Reach USD 137.61 billion by 2035

    What is the growth rate of the Electronic Waste Recycling market?

    The global market is projected to grow at a CAGR of 13.40% during the forecast period, 2025 to 2035.

    Which region held the largest market share in the Electronic Waste Recycling market?

    Europe had the largest share in the global market

    Who are the prominent players in the Electronic Waste Recycling market?

    Umicore SA (Belgium), Quantum Lifecycle Partners (Geep Inc.) (Canada), Enviro-Hub Holdings Ltd (Singapore), Stena Technoworld AB (Sweden), Tetronics International Limited (UK), Electronics Recyclers International Inc. (US), Sims Limited (US), Aurubis AG (Germany), Boliden AB (Sweden), Attero Recycling Pvt. Ltd (India), Great Lakes Electronics Corporation (US), E-Parisaraa Private Limited (India), Greentec (Canada), Cleanaway (Australia), and Veolia Environment SA (France).

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