What Factors Propelled The Growth Of The E-Waste Recycling and Reuse Services Market In The Past?
The e-waste recycling and reuse services market has seen considerable growth due to a variety of factors.
•The market size for E-waste recycling and reuse services has seen a robust growth in the past few years. The expected growth is from $1.8 billion in 2024 to $1.98 billion in 2025, with a compound annual growth rate (CAGR) of 9.7%.
The growth during the historic period can be credited to factors like a rise in ownership of consumer electronics, government regulations, environmental consciousness, initiatives for corporate sustainability, and the recovery of precious metals.
What Is The Projected Growth And Market Size For The E-Waste Recycling and Reuse Services Sector?
The e-waste recycling and reuse services market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, remarkable growth is anticipated in the E-waste recycling and reuse services market, with an estimated valuation of $2.8 billion by 2029 and a compound annual growth rate (CAGR) of 9.1%.
This projected expansion during the forecast period can be ascribed to factors such as circular economy initiatives, extended producer responsibility, adoption of 5G technology, e-waste generated from electric vehicles, international e-waste management standards, and smart device recycling. During this forecast period, the market is set to experience notable trends, including technological innovations in recycling, collaborations between the public and private sectors, rapid progress in technology, programs focused on consumer education, refurbishment, and e-waste data security.
Which Factors Are Boosting Growth In The E-Waste Recycling and Reuse Services Market?
The e-waste recycling and reuse services market is forecasted to expand as a result of the rising generation of electronic or E-waste. E-waste includes discarded electrical and electronic appliances or parts with the owners having no reuse plans. The purpose of these services is to offer a convenient and accountable method for electronic device disposal, and they serve as a persuasion for individuals and businesses to recycle their outdated or unused electronics rather than trashing them in landfills. For instance, according to the Global Transboundary E-waste Flows Monitor 2022 report by the United Nations Institute for Training and Research (UNITAR), by 2030, the global generation of E-waste is predicted to surpass 74 metric tons, representing 9.0 KG per capita. Furthermore, they anticipate it will hit as high as 110 metric tons by 2050. Therefore, the consequent rise of E-waste will stimulate the growth of the e-waste recycling and reuse services market.
What Key Areas Define The Segmentation Of The Global E-Waste Recycling and Reuse Services Market?
The E-waste recycling and reuse services market covered in this report is segmented –
1) By Source Type: Household Appliances, Consumer Electronics, Industrial Electronics
2) By Material: Metal, Plastic, Glass, Other Materials
3) By Application: Trashed, Recycled
Subsegments:
1) By Household Appliances: Major Appliances, Small Appliances, Air Conditioners And Heaters
2) By Consumer Electronics: Mobile Phones And Tablets, Laptops And Computers, Televisions And Monitors, Gaming Consoles, Audio Equipment
3) By Industrial Electronics: Communication Equipment, Industrial Machinery And Equipment, Medical Devices, Automation And Control Systems, Electrical Components And Circuit Boards
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How Are Emerging Trends Reshaping The Dynamics Of The E-Waste Recycling and Reuse Services Market?
The surge in technological advancements is an emerging trend in the E-waste recycling and reuse services market. Key players in this sector have made advancements as a strategy to solidify their standing. For example, REMADE Institute, a U.S. public-private partnership formed by the Department of Energy for economic growth, unveiled a new technology license in August 2022. This innovative breakthrough aids in the efficient and cost-effective recovery of valuable metals from discarded electronics. The cost-effectiveness of this method, known as gas-assisted microflow solvent extraction (GAME), is utilized for extracting low-concentration metals from complex streams, making it easier and more cost-effective to recover valuable metals. This enables manufacturers to recycle them from various e-wastes that were initially destined for disposal.
Who Are the Key Players in the E-Waste Recycling and Reuse Services Market?
Major companies operating in the E-waste recycling and reuse services market include:
• Dell Technologies Inc.
• International Business Machines Corporation
• Veolia Environnement S.A.
• Hewlett-Packard Enterprise Company
• Aurubis AG
• Waste Management Inc.
• Boliden AB
• Sembcorp Industries Ltd.
• Umicore N.V.
• Sims Lifecycle Services Inc.
• GEEP (Global Electric Electronic Processing) Inc.
• Enviro-Hub Holdings Ltd.
• Electronic Recyclers International Inc.
• MRI technologies
• Raw Materials Company Inc.
• Stena Technoworld AB
• Dataserv Inc.
• Call2Recycle Inc.
• GreenTek Solutions LLC
• MBA Polymers Inc.
• AER Worldwide
• Tetronics Ltd.
• Arrow Scrap Corp.
• GreenChip Inc.
• Eco Recycling Ltd.
• TES Co. Ltd.
• Maven Technologies LLC
• Ecotech Services Limited
• E-Waste Express
What Is The Most Dominant Region In The E-Waste Recycling and Reuse Services Market?
Asia-Pacific was the largest region in the E-waste recycling and reuse services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the E-waste recycling and reuse services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
