E-Scrap Recycling Market Trends, Demand, Insights 2023-2032 | JX Nippon Mining & Metals Corporation, Enviro-Hub Holdings Ltd., Umicore N.V, Tetronics Environmental Waste Treatment, Stena Metall AB

The E-Scrap Recycling Global Market Report 2023 by The Business Research Company, provides e-scrap recycling market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s E-Scrap Recycling Global Market Report 2023, the market size is expected to grow from $7.77 billion in 2022 to $8.71 billion in 2023 at a compound annual growth rate (CAGR) of 12.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global e-scrap recycling is expected to grow to $13.05 billion in 2027 at a CAGR of 10.6%.

The growing usage of electronic products is expected to propel the e-scrap recycling market growth going forward. Electronic product means any manufactured product or device or part of such a product or device that has an electronic circuit. The need for electronic equipment has increased significantly as a result of technological improvements which makes tons of electronic scraps or electronic waste which can be recycled to reduce carbon footprints and better environmental condition. Computer monitors, motherboards, cell phones and chargers, CDs, headphones, television sets, air conditioners, and refrigerators are examples of common electronic garbage (e-waste).

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The e-scrap recycling market is segmented:

1) By Product: IT and Telecom Equipment, Small Household Appliances, Large White Goods, Consumer Electronics, Other Products

2) By Processed Material: Metal, Glass, Plastic, Other Processed Materials

3) By Application: Dealing Materials, Recycling Materials

Technological Advancements are a key trend gaining popularity in the e-scrap recycling market. Major companies operating in the e-scrap recycling market are focused on developing new technological solutions to strengthen their position. For instance, in September 2022, ANDRITZ, an Austria-based technology group that provides plants, systems, equipment, and services for various industries, launched shredder technology that enables sustainable recycling of e-scrap. The new ADuro G-1600S granulator is equipped with additional wear protection for a higher lifetime. The machine can be maintained easily, reducing downtimes to a minimum and thus achieving higher production. The granulator replaces the existing machine from another supplier.

The e-scrap recycling market report table of contents includes: