The size of the e-waste recycling market is worth $8.19 billion, globally, by

New York, March 30, 2022 (GLOBE NEWSWIRE) — The Insight Partners has released the latest research study on “Electronic Waste Recycling Market Forecast to 2028 – Impact of COVID-19 and global analysis by product type (computer and telecommunications equipment, small appliances, major appliances, consumer electronics and others), type of material processed (metal, glass, plastic and others) and geography,” the growth of the global e-waste recycling market is driven by stringent rules governing the safe disposal and recycling management of e-waste.

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Report cover Details
Market size Value in US$3.22 billion in 2021
Market Size Value by $8.19 billion by 2028
Rate of growth CAGR of 14.3% from 2021 to 2028
Forecast period 2021- 2028
Year of reference 2021
Number of pages 188
Number of tables 50
Number of graphs and figures 70
Historical data available Yes
Segments Covered Type of product, type of material processed Geography
Regional scope North America; Europe; Asia Pacific; Latin America; AEM
Country scope United States, United Kingdom, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Report cover Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends

E-waste Recycling Market: Competitive Landscape and Key Developments
DOWA HOLDINGS Co., Ltd; ecoreco ltd. ; Electronic Recyclers International, Inc. (ERI); Enviro-Hub Holdings Ltd. ; Global Electrical Electronic Processing (GEEP); JX Nippon Mining and Metals Corporation; Sims Metal Management Limited; Stena Metall AB; Tetronics Limited; and Umicore are among the key players profiled during this e-waste recycling market study. Additionally, several other E-waste Recycling market players have been researched and analyzed to get a holistic view of the E-waste Recycling market and its ecosystem.

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In 2021, DOWA ECO-SYSTEM CO., LTD., a subsidiary of DOWA HOLDINGS CO., LTD., obtained permission to install a hazardous waste detoxification incinerator in its Indonesian subsidiary, which will start operations in December 2021. In addition, the company plans to build a new waste treatment facility in East Java, with a secure landfill that can receive hazardous waste, and start operations in the second half of 2022. This would allow the group DOWA to provide an improved waste management service in Indonesia while preparing a system to adequately handle a larger volume of waste.

In 2021, the president of ERI, the nation’s largest fully integrated computer and electronic asset disposal provider and cybersecurity-focused hardware destruction company, announces 2022 as the year of mainstream technology of recycling. Although e-waste is still the fastest growing waste stream in the world, only 17% of discarded electronics are properly recycled.

The e-waste recycling market is segmented into five regions: North America, Asia-Pacific, Europe, Middle East & Africa and South America. In 2020, Europe accounted for the largest market share. The presence of a large young population in the region results in a huge preference for connected and advanced devices, such as smartphones, smart TVs and speakers. Moreover, the robust IT infrastructure has encouraged the adoption of modern computing and telecommunications devices in the business sectors. Thus, with an increase in the adoption of advanced consumer electronics, the need to dispose of older ones results in huge volumes of e-waste generation. Strict regulations from European governments supporting the proper collection, recycling, and reuse of e-waste are propelling the growth of the e-waste recycling market in the region.

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Further, the APAC e-waste recycling market is expected to grow at the highest CAGR during the forecast period 2021-2028. Over the years, the region has seen tremendous growth in the adoption of consumer electronics and small and large appliances. Growing disposal income of people and frequent innovations in consumer electronics contribute to the high adoption and steady upgrading of electronics, resulting in massive generation of e-waste by the region every year. However, continued initiatives by regional regulatory agencies and electronics manufacturers to limit e-waste disposal in the vicinity will encourage the practice of e-waste recycling in years to come. These initiatives are expected to contribute to the growth of the APAC e-waste recycling market over the years.

North American countries such as the United States and Canada are known for higher adoption of various types of electronic devices in commercial and residential applications. According to the Mobile Economy Report 2020 published by Global System for Mobile Communications Association (GSMA), smartphone penetration in North America in 2019 was 83% and is expected to reach 91% by 2025. Similarly, the region also has a adoption of television sets in households. Adoption of small appliances such as vacuum cleaners, coffee makers, toasters, hair dryers, hair curlers, kettles, steamers and fryers is greater than large appliances such as refrigerators, washing machines, dryers, freezers, dishwashers and microwave ovens in the area. . Additionally, the United States and Canada are major consumers of smart home appliances owing to the popularity of automation in households, increasing disposable income among the masses, and time-saving benefits brought. by these devices. These factors add up to the volume of e-waste generated by the region, creating numerous opportunities for the growth of the e-waste recycling market.

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The e-waste recycling market is segmented on the basis of product type, material processed, and geography. Based on product type, the e-waste recycling market is segmented into IT & Telecom Equipment, Small Appliances, Major Appliances, Consumer Electronics and Others. The e-waste recycling market, by material processed, is segmented into metal, glass, plastic and others.

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