Analysis of Electronics Recycling Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global electronics recycling market is projected to expand at an impressive CAGR of 13.1% and touch a valuation of US$ 120 billion by 2033, up from US$ 35 billion in 2023.
The production of electronic devices has increased dramatically as technology has advanced. When electronic devices stop working and can no longer be fixed, they are discarded.
These devices are subsequently referred to as electronic waste or e-waste. The disposal of e-waste into the environment directly can be detrimental to both the environment and all living beings in the long term. As such, the recycling of such e-waste is strongly needed.
Electronic equipment and technologies are constantly improving and expanding in number. These technologies have become essential to people's lives and the rising economy. Nevertheless, with technological innovation comes the increased problem of protecting human health and the environment from the potentially harmful impacts of improper e-waste management and disposal.
For proper collection and disposal of e-waste, the government and different government-affiliated agencies have established strict rules and guidelines.
Moreover, the amount of e-waste in developed and developing countries is growing at an astonishing rate each year. Improper recycling of this growing e-waste causes environmental and health risks. Furthermore, certain recyclable materials are wasted as a consequence of this since they are dumped as trash.
Several governments have started to take action, pushing electronic product manufacturers to develop internal e-waste management initiatives or to outsource these activities to third-party organizations.
Significant volumes of e-waste are generated throughout R&D and production operations, and businesses are taking the necessary steps to recover the right components from this rubbish. Moreover, numerous electronic item manufacturers are now aware of the financial advantages of processing and recycling e-waste. Mobile phones have valuable metals, such as silver, gold, and palladium, that can be recovered after recycling. Consequently, many of the world's leading mobile manufacturers have established their own programs to recover old phones from users looking to upgrade their technology.
Furthermore, the global market is expected to witness tremendous growth in the near future due to the use of artificial intelligence (AI) in electronics recycling. Waste management companies use sensors linked to the internet of things (IoT) to track the state of trash cans in the area.
Consequently, businesses can improve their waste collection timings, routes, and frequencies. Deep learning algorithms are used to analyze waste or new things detected by AI utilizing cameras. AI can detect subtle differences between items made of the same material and those made of different materials.
As a result of all of the factors, Fact.MR, a market research and competitive intelligence provider, predicts that global demand for electronics recycling will skyrocket over the next ten years.
Electronics Recycling Market Size in 2023
US$ 35 Billion
Projected Market Value (2033)
US$ 120 Billion
Global Market Growth Rate (2023 to 2033)
Asia Pacific Market Growth Rate (2023 to 2033)
Consumer Electronics Segment Share (2022)
Key Companies Profiled
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“Decreasing Life Span of Electronic Devices”
Rapid technological improvement and frequent product innovations increase the sales of electronic items. Mobile devices, computer devices, and televisions, in particular, are witnessing rapid expansion around the world. With growing spending power and increasing disposable income, sales of such electronics are constantly rising. Furthermore, new product introductions with updated features and added services entice users to replace their old items with new products. This has shortened the device's life span to around 3 to 4 years.
As a result, e-waste is increasing at an alarming rate, prompting market participants to extend their operations and establish a broad network for e-waste collection and processing facilities.
In the coming years, the continued sales of electronic items, particularly in developing nations, will provide a suitable environment for e-waste management. Moreover, rapid technological breakthroughs and continual product improvements enable companies in the electronic industry to launch new items regularly, resulting in a decrease in the life of all white goods. Furthermore, as disposable income increases, customers can afford higher-priced electronic equipment, which stimulates demand for these items.
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“Inadequate E-waste Collection Facilities”
A shortage of e-waste collection facilities and costly processing procedures has caused challenges with electronics recycling. Due to the absence of such a system, many outmoded products are discarded or stored in storerooms or warehouses. The lack of waste collection zones impedes the present state of recycling programs. Customers are also unaware of these pickup zones, causing waste to be disposed of inconveniently, for example, by burning it in traditional techniques. This causes pollution and health problems.
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“High Sales of Electrical & Electronic Equipment”
Asia Pacific is leading the global market. The regional market is projected to expand at a CAGR of 8.5% during the forecast period. Sales of electronic equipment such as computers, mobile phones, and refrigerators have surged in the last ten years, resulting in a rise in the amount of electronic waste in the region. Furthermore, developed countries such as the United Kingdom and the United States export a considerable amount of e-waste to Asian countries, which is boosting the regional market.
Japan and South Korea are supporting regional market growth. The volume of e-waste is increasing in these countries due to rising electrical and electronic equipment sales. Electronic and electrical equipment account for a considerable portion of the total waste generated in Japan and South Korea. As a result, the demand for electronics recycling is growing in these countries.
“Rising Pollution and Limited Land for Waste Disposal”
The European market is expanding swiftly. Electronic waste, which comprises mobile phones, computers, and refrigerators, is one of the EU's rapidly growing waste streams. Due to the enormous growth in electrical and electronic equipment waste, a scarcity of important metals, and high mining prices, e-waste recycling is critical.
Europe has built severe environmental protection regulatory frameworks since it has the least amount of land available for landfills compared to other continents. All of these factors are driving the growth of the regional market.
Moreover, the United Kingdom and Germany have enacted stricter regulatory restrictions due to increasing pollution levels and limited land for waste disposal. As a result, the situation has improved due to attention being dedicated to managing this trash to prevent the illegal shipment of e-waste to developing countries.
“Increasing Implementation of Domestic E-waste Recycling Initiatives”
Even though the United States is currently the world's leading exporter of e-waste, efforts are being made to expand domestic recycling facilities. The National Center for Electronics Recycling is a non-profit organization established in the United States dedicated to expanding the domestic e-waste recycling market.
The United States exported a significant amount of its e-waste in 2017, although this is changing as the country develops a domestic recycling sector. Implementing domestic e-waste recycling initiatives will minimize the amount of e-waste exported to developing countries while reducing the negative environmental and health implications linked with disposal in those countries.
“Extremely High Usage of Consumer Electronics”
Consumer electronics held 40% of the global market in 2022. These constitute a sizable portion of worldwide e-waste. The increased usage of consumer electronics and the influx of next-generation items ranging from smart TVs and smartphones to refrigerators and displays has resulted in massive amounts of e-waste.
As a result, extensive measures are required to deal with the enormous volume of e-waste. Certain nations mandate manufacturers and importers to recover electronic products for end-of-life management. Electronic waste can be sold for reuse or recycled by other industries.
The global market for electronics recycling is reasonably consolidated and competitive, with the presence of regional and multinational players. Key players in the electronics recycling market are concentrating on new developments to strengthen their position. Furthermore, several start-ups are entering the market with innovative offerings, which is expected to intensify competition in the coming years.
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The global electronics recycling market is valued at US$ 35 billion in 2023.
Global demand for electronics recycling is estimated to surge at a CAGR of 13.1% from 2023 to 2033.
The market for electronics recycling is predicted to reach US$ 120 billion by 2033.
The Asia Pacific market is expected to expand at a CAGR of 8.5% during the forecast period.
Aurubis AG, Enviro-Hub Holdings Ltd, Boliden Group, Clean Earth, Inc, Dlubak Glass Company, Cerebra Integrated Technologies Ltd, and Exitcom Recycling GmbH are key players in this market.
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