Electronic Waste Recycling Market Share, Revenue, Trends, Demand, Growth Strategy, Challenges, Opportunities and Future Competition Till 2033

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Electronic Waste Recycling Market Share, Revenue, Trends, Demand, Growth Strategy, Challenges, Opportunities and Future Competition Till 2033: SPER Market Research


 Category : Power & Energy

 Published: Sep-2024
 Author: SPER Analyst


Electronic Waste Recycling Market is projected to be worth USD 107.1 billion by 2033 and is anticipated to surge at a CAGR of 13.69%.

E-waste Recycling, otherwise called electronic waste management, alludes to the deliberate dealing with, removal, and reusing of electronic gadgets toward the finish of their life cycle. It includes the appropriate administration of disposed of electronic items, including PCs, cell phones, TVs, and other electronic gear, to alleviate the natural and health risks related to improper disposal. E-squander is a developing issue, as the world creates an ever-increasing number of electronic gadgets. E-waste recycling is significant for various reasons. To begin with, e-waste contains risky materials, like lead, mercury, and cadmium. Second, e-waste can be reused and recycled, which monitors resources and diminishes contamination. E-waste is any unwanted electrical or electronic hardware. This covers both utilitarian and harmed things that are disposed of in the waste or given to a cause retailer like Goodwill. The perilous mixtures that normally spill from the metals in the e-waste when it is buried makes it very dangerous.

Global Electronic Waste Recycling Market Driving Factors and Challenges

Driving Factors- Electronic item deals have certainly expanded because of the fast mechanical turn of events and progressing item development. Worldwide, PCs, TVs, and cell phones are quickly developing. With rising buying power and a rising pattern in discretionary cash flow, the offer of these gadgets is expanding consistently. Also, presenting new things with further developed highlights and additional administrations urges clients to supplant obsolete items with later models. Subsequently, the amount of e-waste is expanding quickly and driving industry members to develop their organizations to set up extra handling offices and make a broad organization for gathering e-squander. Novel and valuable metals like silver, gold, palladium, platinum, indium, and gallium are found in e-waste. The evaluation of their things is correspondingly high because of the uncommonness of these metals. Therefore, these issues would without a doubt provoke makers of electronic products to look for unrefined components from recuperated e-waste.


Challenges- E-waste removal is a significant natural issue the world is confronting at present. The absence of information concerning the appropriate removal of e-waste that might contain risky components might end up in landfills. This variable further prompts releasing weighty, harmful, and risky metals, including mercury, Lead, arsenic, and cadmium into the dirt. These harmful materials become a difficult issue when they saturate groundwater frameworks causing groundwater contamination. Additionally, workers at landfills can be exposed to these hurtful impurities spilling from e-waste. Due to such harmful effects the government takes initiatives to reduce the increasing amounts of e-waste that affects the overall market.

Impact of COVID-19 on Global Electronic Waste Recycling Market
The COVID-19 pandemic impacted public activities in more ways than one and featured the interrelations between the ecological and mutual frameworks of the world. The actions were taken to control the spread of the infection across society, remembering lockdowns and stops for assembling and exchange exercises, which prompted decreased monetary development, constraints on portability, and extra requirements for digitization and quarantine in homes. It was normal that digitization and an expansion in time spent at home would expand the utilization of electrical and electronic hardware because of the exchanging of firms and organizations to work spaces, furnishing the staff with PCs and other office gear for home use, and a concurrent expansion in the removal of e-waste and devices, part of the way because of housekeeping during the primary lockdowns.

Global Electronic Waste Recycling Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as Aurubis AG, Attero Recycling Pvt. Ltd, Boliden AB, Electronics Recyclers International Inc., Enviro-Hub Holdings Ltd, Quantum Lifecycle Partners (Geep Inc.), Sims Limited, Stena Technoworld AB, Tetronics International Limited and others.


Global Electronic Waste Recycling Market Segmentation:

By Source: Based on the Source, Global Electronic Waste Recycling Market is segmented as; Household Appliances, Entertainment & Consumer Electronics, It & Telecommunication, Medical Equipment, And Others.

By Material: Based on the Material, Global Electronic Waste Recycling Market is segmented as; Metals, Chemicals, Plastics, Glass, And Others.

By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe. 

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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