E-scrap Recycling Market Size, Trends & Analysis by 2028

E-scrap Recycling Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (IT & Telecom Equipment, Small Household Appliances, Large White Goods, Consumer Electronics, and Others), Processed Material Type (Metal, Glass, Plastic, and Others) and Geography

Publication Month: Mar 2022 | Report Code: TIPRE00007570 | No. of Pages: No. of Pages188 | Category: Electronics and Semiconductor | Status: Published

The E-scrap Recycling market is projected to reach US$ 8,199.04 million by 2028 from US$ 3,222.13 million in 2021; it is expected to grow at a CAGR of 14.3% during 2021–2028.

An expected life cycle of any electronic product is the duration entailing its introduction, maturity in demand, and disposal or recycling phases. These products reach the recycling stage due to the end of their functional life, upgrades in associated technologies, and changes in consumer demands. With technological innovations, new products with updated features and additional service back-up replace the products enabled with older technologies, which results in the generation of massive e-waste volumes. Mobile devices, televisions, and computer devices are among the fast-growing electronic segments that undergo frequent upgrades. There is a continuous increase in the sales of these electronics with a surge in purchasing power with the rise in disposable income of people. The life expectancy of these gadgets has been lowered to ~3–4 years; as a result, the volume of e-waste produced is rapidly increasing, compelling e-waste recycling industry players to establish a more accessible e-waste collection and processing network in the E-scrap recycling market. The continued sale of electronic items, particularly in emerging markets, will present a lucrative environment for e-waste management in the coming years. For instance, in the smartphone industry, the manufacturers are continuously upgrading their models year-on-year, which is leading the customers to scrap their existing models, resulting in increase in e-scrap volume. This parameter is positively impacting the growth of the e-scrap recycling market.

In addition, the household appliance manufacturers are also introducing newer models to attract customers. The new product launches are leading to scrap the existing household appliances, which is benefitting the e-scrap recycling market players. This is again catalyzing e-scrap recycling market. Further, as the technological advancements are taking place rapidly across the globe, the manufacturers of consumer electronics or household appliances with limited lifecycle. This helps the manufacturers to enable the customers to upgrade their technologies over a time period, resulting in increase in volume of electronic scrapyard, which is ultimately driving the e-scrap recycling market.


Strategic Insights

Report CoverageDetails
Market Size Value inUS$ 3,222.13 million in 2021
Market Size Value byUS$ 8199.04 Mn by 2028
Growth rateCAGR of 14.3% from 2021 to 2028
Forecast Period2021- 2028
Base Year2021
No. of Pages188
No. of Tables50
No. of Charts & Figures70
Historical data availableYes
Segments coveredProduct Type, Processed Material Type Geography
Regional scopeNorth America; Europe; Asia Pacific; Latin America; MEA
Country scopeUS, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
Free Sample Copy Available
– E-scrap Recycling Market

Impact of COVID-19 Pandemic on E-scrap Recycling Market

Europe is a key manufacturing and industrial hub for several sectors, such as healthcare, aviation, manufacturing, automotive, and energy & power. Due to COVID-19, many businesses in this region faced financial challenges as their activities were substantially reduced due to a lack of workforce, government-imposed restrictions, and decreasing sales. COVID-19 boosted the use of gaming consoles, mobile phones, electric ovens, and laptops, resulting in a rise of 0.3 Mt in electronic and electrical equipment consumption and, consequently, e-waste generation. Primarily, high-income countries are to blame for this rise.

As a result of the increased usage of consumer electronics, the pandemic is expected to support the e-scrap recycling market over the next few years.

Lucrative Regions for E-scrap Recycling Market

Lucrative Regions for E-scrap Recycling Market

Get more information on this report :


Market Insights – E-scrap Recycling Market

The limited availability of rare metals, combined with their ever-increasing demand, has resulted in a rapid rise in their costs. Silver, gold, palladium, platinum, indium, and gallium are among the unique and precious metals found in e-waste. These rare elements are frequently employed in consumer electronics and IT and communication systems. Procuring such metals from e-waste and reusing them for another process is a Industrial  major stream of revenue for players in the metals and other associated industries. For example, ~250 kg of silver, 24 kg of gold, may be recovered from one million mobile phone garbage. This would also benefit manufacturers by allowing them to build electrical gadgets at lower costs and gain a cost advantage over their competitors in the E-scrap recycling market.

The increasing demand for recycled metals is highlighting the need for reuse, refurbishment, and recycling of metal-based gadgets. This would also benefit countries in terms of reducing greenhouse gas emissions, which would assist in mitigating the threat of global warming. This is because, the carbon footprint of electronics, including smartphones, is about 3.7% of global greenhouse emissions, around 14 ounces of carbon dioxide per person each year. Electronic equipment tends to become outmoded or require repair from time to time, which is a crucial contributor to e-waste generation. Replacing an electronic gadget is less expensive than having it fixed. As a result, there has been an increasing trend toward purchasing new products rather than repairing old ones. This necessitates the creation of an extensive network of collection zones for that electronic garbage that needs to be reused, refurbished, and recycled in the E-scrap recycling market.

Product Type-Based Insights

Based on product type, the e-scrap recycling market is segmented IT & telecom equipment, small household appliances, large white goods, consumer electronics, and others. The large white goods segments accounted for the largest share in the global e-scrap recycling market in 2020. The growth in the E-scrap recycling market is attributed by the increase in adoption of appliances such as refrigerators, freezers, washing machines, tumble driers, dishwashers, and air conditioners across households of both developed and developing countries. The consumer electronics segment on the other hand is expected to grow with the highest CAGR over the forecast period.

The global e-scrap recycling market is segmented based on product type and processed material, and geography. Based on product type, the e-scrap recycling market is segmented IT & telecom equipment, small household appliances, large white goods, consumer electronics, and others. Based on processed material, the e-scrap recycling market is segmented metal, glass, plastic, and others. Based on geography, the global e-scrap recycling market is segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). Aurubis AG, Umicore, Boliden Group, Stena Metall AB, and Tetronics Environmental Waste Treatment, are among the top five market players operating in the global e-scrap recycling market.

Players operating in the E-scrap Recycling market are mainly focused on the development of advanced and efficient products.

  • In 2022, Quantum Lifecycle Partners LP, Canada's leading I.T. Asset Disposition (ITAD) and Electronics Recycling service provider, has announced the acquisitions of REfficient and TechReset. Efficient specializes in reusing telecom equipment and serves customers in Canada and 14 countries. TechReset, on the other hand, is an ITAD firm with a significant presence in Canada and the United States. 
  • In 2022, Stena Recycling GmbH's German refrigerator recycling business is being sold as part of the Group's strategic assessment.  Stena Recycling's activities in Germany will focus on expansion in the collecting, processing, and recycling of batteries in the future.

Frequently Asked Questions

The widespread use of electronic products and appliances in the consumer sector has necessitated the efficient disposal of these gadgets. Rigorous rules governing safe disposal and e-scrap recycling management are driving the e-scrap recycling market. Precious metals, such as silver, gold, palladium, platinum, indium, and gallium, are found in e-waste. These unique elements are regularly used for manufacturing consumer gadgets and IT and communication systems. The prices of these metals are high, owing to their scarcity. This has increased the demand for metal-based devices that can be reused, reconditioned, or recycled. This also aids countries in reducing greenhouse gas emissions and limiting global warming's consequences.
Asia Pacific countries have launched several programs to achieve the environmentally sound management (ESM) of e-waste. However, various challenges hamper the success and effectiveness of these programs. A lack of infrastructure and financial resources are the major challenges faced by Asia Pacific countries while complying with the requirements stated under such programs. Identifying relevant players and encouraging cooperation are the keys to addressing these difficulties. Collecting, sorting and disassembly, and end-processing are the three stages of e-waste recycling. These procedures are conducted by informal garbage recycling businesses in Asia Pacific countries, lacking expertise and professional treatment. The formal e-waste recycling sector is severely limited in these countries. The informal sector could handle the first two steps of e-waste recycling with minimal environmental and health consequences. However, if it performs the end-processing, it could significantly degrade the surrounding environment.
Based on product type, the e-scrap recycling market is segmented IT & telecom equipment, small household appliances, large white goods, consumer electronics, and others. The large white goods segments accounted for the largest share in the global e-scrap recycling market in 2020. The growth is attributed by the increase in adoption of appliances such as refrigerators, freezers, washing machines, tumble driers, dishwashers, and air conditioners across households of both developed and developing countries. The consumer electronics segment on the other hand is expected to grow with the highest CAGR over the forecast period.
Mobile devices, televisions, and computer devices are among the fast-growing electronic segments that undergo frequent upgrades. There is a continuous increase in the sales of these electronics with a surge in purchasing power with the rise in disposable income of people. The life expectancy of these gadgets has been lowered to ~3–4 years; as a result, the volume of e-waste produced is rapidly increasing, compelling e-waste recycling industry players to establish a more accessible e-waste collection and processing network. The continued sale of electronic items, particularly in emerging markets, will present a lucrative environment for e-waste management in the coming years. For instance, in the smartphone industry, the manufacturers are continuously upgrading their models year-on-year, which is leading the customers to scrap their existing models, resulting in increase in e-scrap volume. This parameter is positively impacting the growth of the e-scrap recycling market.
The APAC e-scrap recycling market is expected to grow at the highest CAGR over the forecast period of 2021–2028. Over the years, the region has experienced huge growth in the uptake rate of consumer electronics and small and large home appliances. The growing disposal income of the population and frequent product innovation by consumer electronics manufacturers contribute to the high adoption and regular up-gradation of electronics, leading to a massive increase in the volume of e-waste generated by the region annually.
New technology, such as microscopic piping, is currently being employed to improve mineral extraction. The pipe in a microfluidic device is less than a millimeter in diameter. Moreover, the recycling companies can continuously, automatically, and swiftly examine diverse combinations of characteristics by integrating analysis methods (X-rays, infrared, and sensors). This would simplify their recycling process and would help them to increase the volume of recycling, which would ultimately drive their businesses as well as the e-scrap recycling market.

The List of Companies - E-scrap Recycling Market

  1. DOWA HOLDINGS CO., LTD
  2. Ecoreco ltd
  3. Electronic Recyclers International, Inc
  4. Enviro-Hub Holdings Ltd
  5. JX Nippon Mining & Metals Corporation
  6. Sims Metal Management Ltd
  7. Stena Metall Ab
  8. Tetronics
  9. Umicore
  10. Quantum Lifecycle Partners
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global e-scarp recycling market
  • Highlights key business priorities to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the global e-scarp recycling market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
TIPRE00007570
Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Get the Latest COVID-19 Analysis on this market




Have a question?

Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Speak To Analyst
Pricing
  • $3000
  • $4550
  • $6550
  • $8550

Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis.

    Inquire for Discount