Global E-Scrap Recycling Market
Dublin, Oct. 09, 2023 (GLOBE NEWSWIRE) — The “E-scrap Recycling Global Market Report 2023” report has been added to ResearchAndMarkets.com’s offering.
In an age dominated by electronic devices, the issue of electronic waste (e-waste) has risen to prominence as a global challenge. The E-Scrap Recycling Market, driven by the urgency to address this environmental concern, presents a robust investment opportunity for executives and businesses. This market encompasses the revenue generated by entities engaged in recycling a wide range of e-scrap, from household appliances to IT equipment. These recycled materials, including metals, glass, and plastics, can be repurposed for use in new electronic products.
As the world becomes increasingly reliant on electronic devices, e-scrap recycling plays a pivotal role in mitigating the environmental impact of our digital lifestyles. The demand for e-scrap recycling is expected to surge as the usage of electronic products continues to expand. Our comprehensive market research report offers valuable insights into market players, trends, opportunities, and risks in the e-scrap recycling industry. It equips business leaders with actionable insights for entering or expanding their presence in this burgeoning market.
Market Growth and Trends:
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The global e-scrap recycling market grew from $7.77 billion in 2022 to $8.71 billion in 2023, exhibiting a compound annual growth rate (CAGR) of 12.1%.
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Despite the disruptions caused by the Russia-Ukraine war, which impacted global economic recovery from the COVID-19 pandemic, the e-scrap recycling market is projected to reach $13.05 billion in 2027 at a CAGR of 10.6%.
Key Highlights:
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Mitigating E-Waste: E-Scrap Recycling refers to the reprocessing and re-use of electronic waste, seeking to recover valuable materials for use in new electronic products, thus contributing to a reduction in e-waste and its environmental impact.
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Growing Usage of Electronic Products: The market is driven by the proliferation of electronic products due to technological advancements. This results in a significant volume of electronic waste that can be recycled, reducing carbon footprints and improving environmental conditions.
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Technological Advancements: The e-scrap recycling market is witnessing technological advancements, with companies developing new solutions to enhance their positions. For example, ANDRITZ introduced a shredder technology for sustainable e-scrap recycling, while Quantum Lifecycle Partners LP acquired TechReset to strengthen its IT asset disposition and electronics recycling services.
